Radnor Capital Management LLC Has $1.76 Million Position in Broadcom Inc. $AVGO

Key Points

• Radnor Capital Management LLC increased its position in Broadcom Inc. by 222.6% during the second quarter, bringing its total holdings to 6,372 shares valued at $1.76 million.
• Several institutional investors have also adjusted their positions in Broadcom, with a combined ownership of 76.43% of the company's stock.
• Broadcom recently announced a quarterly dividend of $0.59, with an annualized yield of 0.7% and a payout ratio of 60.20%.

Radnor Capital Management LLC lifted its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 222.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,372 shares of the semiconductor manufacturer's stock after acquiring an additional 4,397 shares during the period. Radnor Capital Management LLC's holdings in Broadcom were worth $1,756,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in AVGO. Waddell & Associates LLC lifted its position in shares of Broadcom by 2.1% during the 1st quarter. Waddell & Associates LLC now owns 2,091 shares of the semiconductor manufacturer's stock valued at $350,000 after acquiring an additional 43 shares during the period. 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 in the last quarter. Martingale Asset Management L P raised its holdings in shares of Broadcom by 1.3% during the first quarter. Martingale Asset Management L P now owns 3,876 shares of the semiconductor manufacturer's stock valued at $649,000 after purchasing an additional 48 shares during the period. Wescott Financial Advisory Group LLC boosted its position in shares of Broadcom by 3.8% during the 1st quarter. Wescott Financial Advisory Group LLC now owns 1,326 shares of the semiconductor manufacturer's stock worth $222,000 after purchasing an additional 48 shares in the last quarter. Finally, Monterey Private Wealth Inc. grew its stake in shares of Broadcom by 1.8% in the 1st quarter. Monterey Private Wealth Inc. now owns 2,780 shares of the semiconductor manufacturer's stock valued at $465,000 after buying an additional 48 shares during the period. Institutional investors own 76.43% of the company's stock.

Insider Buying and Selling at Broadcom

In other Broadcom news, Director Justine Page sold 800 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $360.00, for a total transaction of $288,000.00. Following the completion of the transaction, the director owned 22,982 shares in the company, valued at $8,273,520. This trade represents a 3.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Mark David Brazeal sold 16,558 shares of the business's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the completion of the sale, the insider directly owned 329,302 shares in the company, valued at approximately $114,468,668.22. This trade represents a 4.79% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 3,550 shares of company stock valued at $1,227,869 and sold 840,522 shares valued at $236,959,124. 2.00% of the stock is owned by company insiders.

Broadcom Price Performance

Broadcom stock opened at $345.35 on Friday. The business's 50 day simple moving average is $306.64 and its 200 day simple moving average is $246.25. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $374.23. The company has a market cap of $1.63 trillion, a price-to-earnings ratio of 88.10, a PEG ratio of 1.91 and a beta of 1.16. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.66 by $0.03. The business had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The business's revenue for the quarter was up 22.0% on a year-over-year basis. During the same period last year, the business posted $1.24 earnings per share. 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 22nd will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, September 22nd. Broadcom's payout ratio is currently 60.20%.

Analyst Upgrades and Downgrades

AVGO has been the topic of several recent research reports. Rosenblatt Securities increased their price target on Broadcom from $340.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, September 5th. Wall Street Zen raised Broadcom from a "hold" rating to a "buy" rating in a research report on Saturday, September 6th. Oppenheimer reissued an "outperform" rating and issued a $360.00 price target (up previously from $325.00) on shares of Broadcom in a research report on Friday, September 5th. UBS Group boosted their price target on shares of Broadcom from $290.00 to $345.00 and gave the company a "buy" rating in a research note on Monday, August 25th. Finally, Macquarie assumed coverage on shares of Broadcom in a research note on Monday. They issued an "outperform" rating and a $420.00 price objective on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $356.48.

Broadcom Company Profile

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.

Want to see what other hedge funds are holding AVGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadcom Inc. (NASDAQ:AVGO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.