Silver Oak Securities Incorporated Buys 3,560 Shares of Broadcom Inc. $AVGO

Key Points

• Silver Oak Securities Incorporated increased its holdings in Broadcom Inc. by 13.7% during the second quarter, bringing its total ownership to 29,474 shares worth approximately $8.1 million.
• Broadcom recently reported a quarterly earnings per share (EPS) of $1.69, exceeding analyst expectations by $0.03, with year-over-year revenue growth of 22.0%.
• Analysts have raised their price targets for Broadcom, with Bank of America increasing its target from $300 to $400, reflecting strong overall market confidence in the company.

Silver Oak Securities Incorporated boosted its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 13.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,474 shares of the semiconductor manufacturer's stock after purchasing an additional 3,560 shares during the period. Silver Oak Securities Incorporated's holdings in Broadcom were worth $8,124,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in shares of Broadcom by 21.8% in the fourth quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer's stock worth $6,882,000 after buying an additional 5,322 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in Broadcom by 10.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer's stock valued at $1,854,000 after acquiring an additional 756 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its stake in Broadcom by 16.4% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 221,199 shares of the semiconductor manufacturer's stock worth $51,283,000 after purchasing an additional 31,225 shares in the last quarter. Invst LLC boosted its holdings in shares of Broadcom by 2.2% during the 4th quarter. Invst LLC now owns 3,091 shares of the semiconductor manufacturer's stock worth $717,000 after purchasing an additional 67 shares during the last quarter. Finally, Vermillion Wealth Management Inc. purchased a new stake in shares of Broadcom in the fourth quarter valued at approximately $30,000. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Broadcom from $325.00 to $400.00 and gave the stock an "overweight" rating in a research note on Friday, September 5th. The Goldman Sachs Group reiterated a "buy" rating and issued a $340.00 price objective on shares of Broadcom in a research report on Wednesday, August 13th. Barclays boosted their price target on shares of Broadcom from $265.00 to $400.00 and gave the company an "overweight" rating in a research note on Friday, September 5th. Benchmark boosted their price target on shares of Broadcom from $315.00 to $385.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. Finally, HSBC upgraded shares of Broadcom from a "hold" rating to a "buy" rating and set a $400.00 price target for the company in a research note on Tuesday, June 24th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Broadcom has a consensus rating of "Buy" and an average target price of $356.48.

Broadcom Trading Down 1.8%

NASDAQ:AVGO traded down $6.15 on Monday, reaching $338.79. The stock had a trading volume of 28,599,739 shares, compared to its average volume of 29,009,098. The firm's fifty day moving average is $308.05 and its two-hundred day moving average is $248.20. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. 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 $1.60 trillion, a price-to-earnings ratio of 86.43, a P/E/G ratio of 1.91 and a beta of 1.16.

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

Broadcom Dividend Announcement

The company also recently announced 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. The ex-dividend date is Monday, September 22nd. This represents a $2.36 annualized dividend and a yield of 0.7%. Broadcom's dividend payout ratio is 60.20%.

Insider Activity

In other Broadcom news, Director Justine Page sold 800 shares of the company's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $360.00, for a total value of $288,000.00. Following the transaction, the director owned 22,982 shares in the company, valued at approximately $8,273,520. This represents a 3.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark David Brazeal sold 16,558 shares of the firm's 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 represents a 4.79% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 3,550 shares of company stock valued at $1,227,869 and have sold 790,522 shares valued at $224,295,124. 2.00% of the stock is currently owned by company insiders.

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.