Seros Financial LLC Takes Position in Broadcom Inc. $AVGO

Key Points

• Seros Financial LLC has acquired a new stake in Broadcom Inc. during the second quarter, purchasing 789 shares valued at approximately $217,000.
• Broadcom's CEO Hock E. Tan sold 148,154 shares for over $49 million, decreasing his ownership by 15.21%, while other insiders also reported significant sell-offs.
• Analysts have raised their price targets for Broadcom, with some now estimating a price of up to $420.00, reflecting a generally positive outlook on the stock.

Seros Financial LLC acquired a new stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 789 shares of the semiconductor manufacturer's stock, valued at approximately $217,000.

Other institutional investors have also modified their holdings of the company. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Broadcom in the first quarter valued at approximately $25,000. Cheviot Value Management LLC acquired a new position in Broadcom during the first quarter worth approximately $25,000. Inlight Wealth Management LLC acquired a new position in Broadcom during the first quarter worth approximately $26,000. Sawyer & Company Inc increased its position in Broadcom by 62.1% during the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock worth $26,000 after purchasing an additional 36 shares during the last quarter. Finally, Legend Financial Advisors Inc. acquired a new position in Broadcom during the second quarter worth approximately $28,000. Institutional investors and hedge funds own 76.43% of the company's stock.

Insiders Place Their Bets

In other news, CEO Hock E. Tan sold 148,154 shares of the company's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $336.67, for a total value of $49,879,007.18. Following the completion of the transaction, the chief executive officer directly owned 825,998 shares in the company, valued at approximately $278,088,746.66. This represents a 15.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark David Brazeal sold 16,558 shares of the stock in a transaction 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 transaction, the insider owned 329,302 shares in the company, valued at $114,468,668.22. This trade represents a 4.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders bought 3,550 shares of company stock valued at $1,227,869 and sold 666,071 shares valued at $225,623,008. 2.00% of the stock is owned by company insiders.

Broadcom Price Performance

Shares of AVGO stock opened at $336.41 on Wednesday. The company has a market capitalization of $1.59 trillion, a PE ratio of 85.82, a price-to-earnings-growth ratio of 1.86 and a beta of 1.20. The firm has a fifty day simple moving average of $320.03 and a 200-day simple moving average of $259.78. 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 Inc. has a twelve month low of $138.10 and a twelve month high of $374.23.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, beating the consensus estimate 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 net margin of 31.59% and a return on equity of 36.60%. The business's quarterly revenue was up 22.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. Equities research analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were paid a $0.59 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. Broadcom's dividend payout ratio is 60.20%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Rosenblatt Securities upped their price target on shares of Broadcom from $340.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. Arete Research raised shares of Broadcom to a "strong-buy" rating in a research report on Monday, July 28th. Benchmark upped their price target on shares of Broadcom from $315.00 to $385.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. KeyCorp reaffirmed an "overweight" rating and set a $420.00 price target (up previously from $400.00) on shares of Broadcom in a research report on Tuesday, September 30th. Finally, Piper Sandler upped their price target on shares of Broadcom from $315.00 to $375.00 and gave the stock an "overweight" rating in a research report on Friday, September 5th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Broadcom has a consensus rating of "Buy" and an average price target of $357.22.

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.

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