Owen LaRue LLC Grows Position in Broadcom Inc. $AVGO

Key Points

• Owen LaRue LLC increased its position in Broadcom Inc. by 177.4% during the second quarter, acquiring an additional 5,247 shares to own a total of 8,205 shares worth approximately $2.26 million.
• Several hedge funds have recently adjusted their stakes in Broadcom, with notable increases from Sawyer & Company Inc (62.1%) and Waddell & Associates LLC (2.1%), indicating strong institutional interest in the stock.
• Broadcom announced a quarterly dividend of $0.59 per share, contributing to an annualized yield of 0.7%, as part of its ongoing shareholder return strategy.

Owen LaRue LLC increased its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 177.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,205 shares of the semiconductor manufacturer's stock after buying an additional 5,247 shares during the period. Owen LaRue LLC's holdings in Broadcom were worth $2,262,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Sawyer & Company Inc increased its stake in Broadcom by 62.1% in the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock valued at $26,000 after purchasing an additional 36 shares during the last quarter. Waddell & Associates LLC increased its stake in Broadcom by 2.1% in the first quarter. Waddell & Associates LLC now owns 2,091 shares of the semiconductor manufacturer's stock valued at $350,000 after purchasing an additional 43 shares during the last quarter. Luts & Greenleigh Group Inc. increased its stake in Broadcom by 1.3% in the second quarter. Luts & Greenleigh Group Inc. now owns 3,405 shares of the semiconductor manufacturer's stock valued at $939,000 after purchasing an additional 44 shares during the last quarter. Challenger Wealth Management increased its stake in Broadcom by 1.3% in the first quarter. Challenger Wealth Management now owns 3,504 shares of the semiconductor manufacturer's stock valued at $587,000 after purchasing an additional 45 shares during the last quarter. Finally, High Net Worth Advisory Group LLC increased its stake in Broadcom by 1.7% in the second quarter. High Net Worth Advisory Group LLC now owns 2,671 shares of the semiconductor manufacturer's stock valued at $736,000 after purchasing an additional 45 shares during the last quarter. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Broadcom news, Director Henry Samueli sold 368,797 shares of the firm's stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total value of $124,620,194.27. Following the completion of the sale, the director owned 37,722,534 shares of the company's stock, valued at approximately $12,746,821,463.94. This trade represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kirsten M. Spears sold 7,498 shares of the firm's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.66, for a total value of $2,606,754.68. Following the completion of the sale, the chief financial officer directly owned 313,330 shares of the company's stock, valued at approximately $108,932,307.80. This trade represents a 2.34% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 3,550 shares of company stock valued at $1,227,869 and have sold 666,071 shares valued at $225,623,008. 2.00% of the stock is owned by insiders.

Broadcom Price Performance

Shares of NASDAQ AVGO opened at $334.53 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. The stock has a fifty day moving average price of $313.66 and a 200 day moving average price of $253.32. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $374.23. The company has a market cap of $1.58 trillion, a PE ratio of 85.34, a P/E/G ratio of 1.85 and a beta of 1.16.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.03. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The firm had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.82 billion. During the same period last year, the company earned $1.24 earnings per share. The company's revenue for the quarter was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. Sell-side analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd will be issued a $0.59 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. Broadcom's dividend payout ratio (DPR) is 60.20%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on AVGO shares. Cowen restated a "buy" rating on shares of Broadcom in a research report on Friday, June 6th. Mizuho raised their target price on shares of Broadcom from $355.00 to $410.00 and gave the stock an "outperform" rating in a research report on Friday, September 12th. HSBC upgraded shares of Broadcom from a "hold" rating to a "buy" rating and set a $400.00 target price on the stock in a research report on Tuesday, June 24th. Susquehanna raised their target price on shares of Broadcom from $280.00 to $300.00 and gave the stock a "positive" rating in a research report on Friday, June 6th. Finally, KeyCorp raised their target price on shares of Broadcom from $330.00 to $400.00 and gave the stock an "overweight" rating in a research report on Friday, September 5th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $356.48.

About Broadcom

Broadcom Inc designs, develops, and supplies various semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. The company operates in two segments, Semiconductor Solutions and Infrastructure Software.

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