Sharkey Howes & Javer Makes New $265,000 Investment in Broadcom Inc. $AVGO

Key Points

• Sharkey Howes & Javer made a new investment of $265,000 in Broadcom Inc. by acquiring 960 shares in the second quarter.
• Broadcom reported earnings of $1.69 per share for the last quarter, exceeding consensus estimates and showing a 22.0% increase in revenue compared to the previous year.
• The company declared a quarterly dividend of $0.59, with a dividend yield of 0.7% and a payout ratio of 60.20%.

Sharkey Howes & Javer bought a new stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 960 shares of the semiconductor manufacturer's stock, valued at approximately $265,000.

Several other institutional investors have also recently added to or reduced their stakes in AVGO. Mn Services Vermogensbeheer B.V. grew its holdings in shares of Broadcom by 2.5% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 1,672,300 shares of the semiconductor manufacturer's stock valued at $460,969,000 after purchasing an additional 40,700 shares during the last quarter. High Net Worth Advisory Group LLC grew its position in shares of Broadcom by 1.7% during the second quarter. High Net Worth Advisory Group LLC now owns 2,671 shares of the semiconductor manufacturer's stock worth $736,000 after acquiring an additional 45 shares during the last quarter. TT International Asset Management LTD acquired a new stake in shares of Broadcom in the second quarter valued at approximately $420,000. RFG Holdings Inc. increased its position in Broadcom by 18.9% in the 2nd quarter. RFG Holdings Inc. now owns 7,349 shares of the semiconductor manufacturer's stock valued at $2,026,000 after acquiring an additional 1,168 shares during the period. Finally, HWG Holdings LP lifted its holdings in Broadcom by 7,071.4% in the second quarter. HWG Holdings LP now owns 41,307 shares of the semiconductor manufacturer's stock worth $11,386,000 after purchasing an additional 40,731 shares during the period. Institutional investors own 76.43% of the company's stock.

Insider Activity

In other news, insider Charlie B. Kawwas sold 3,893 shares of the business's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total value of $1,354,063.26. Following the sale, the insider owned 25,295 shares in the company, valued at approximately $8,798,106.90. The trade was a 13.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Hock E. Tan sold 148,154 shares of the company's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $336.67, for a total transaction of $49,879,007.18. Following the completion of the sale, the chief executive officer directly owned 825,998 shares in the company, valued at approximately $278,088,746.66. The trade was a 15.21% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 3,550 shares of company stock valued at $1,227,869 and sold 714,172 shares valued at $204,311,160. 2.00% of the stock is owned by insiders.

Broadcom Stock Performance

AVGO stock traded up $4.50 during mid-day trading on Tuesday, reaching $343.29. 5,493,730 shares of the stock traded hands, compared to its average volume of 26,348,672. The firm has a market capitalization of $1.62 trillion, a PE ratio of 87.41, a P/E/G ratio of 1.91 and a beta of 1.16. The business has a 50-day moving average of $309.32 and a two-hundred day moving average of $249.20. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $374.23. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $15.95 billion during the quarter, compared to analysts' expectations of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The firm's revenue was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities analysts predict that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd will be given 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 dividend payout ratio is 60.20%.

Wall Street Analyst Weigh In

AVGO has been the topic of several research analyst reports. UBS Group lifted their price target on Broadcom from $290.00 to $345.00 and gave the company a "buy" rating in a research report on Monday, August 25th. Evercore ISI reaffirmed an "outperform" rating and issued a $342.00 target price (up previously from $304.00) on shares of Broadcom in a research report on Thursday, September 4th. Oppenheimer reiterated an "outperform" rating and issued a $360.00 price objective (up previously from $325.00) on shares of Broadcom in a research note on Friday, September 5th. Susquehanna boosted their price target on Broadcom from $280.00 to $300.00 and gave the company a "positive" rating in a research note on Friday, June 6th. Finally, Redburn Atlantic began coverage on Broadcom in a report on Wednesday, May 28th. They set a "buy" rating and a $301.00 target price on the stock. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target 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.