Stonebridge Capital Management Inc. Makes New Investment in Broadcom Inc. $AVGO

Key Points

• Stonebridge Capital Management Inc. acquired a new position in Broadcom Inc., purchasing 1,740 shares valued at approximately $480,000 during the second quarter.
• Institutions have been actively trading Broadcom, with notable increases in holdings by PARUS FINANCE UK Ltd (175.3%) and Geneos Wealth Management Inc. (27.9%) among others in the first quarter.
• Broadcom reported a significant 22% year-over-year revenue increase in its last quarterly earnings, with earnings per share at $1.69, surpassing estimates, and provided a dividend of $0.59 per share to investors.

Stonebridge Capital Management Inc. acquired a new position in Broadcom Inc. (NASDAQ:AVGO - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,740 shares of the semiconductor manufacturer's stock, valued at approximately $480,000.

Other institutional investors have also recently added to or reduced their stakes in the company. PARUS FINANCE UK Ltd lifted its holdings in Broadcom by 175.3% in the 1st quarter. PARUS FINANCE UK Ltd now owns 100,578 shares of the semiconductor manufacturer's stock worth $16,840,000 after buying an additional 64,038 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in Broadcom by 27.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 64,130 shares of the semiconductor manufacturer's stock worth $10,737,000 after buying an additional 13,978 shares in the last quarter. Keener Financial Planning LLC lifted its holdings in Broadcom by 34.8% in the 1st quarter. Keener Financial Planning LLC now owns 890 shares of the semiconductor manufacturer's stock worth $149,000 after buying an additional 230 shares in the last quarter. Diversify Wealth Management LLC increased its position in shares of Broadcom by 5.6% in the 1st quarter. Diversify Wealth Management LLC now owns 38,016 shares of the semiconductor manufacturer's stock worth $6,365,000 after purchasing an additional 2,016 shares during the last quarter. Finally, Acorns Advisers LLC increased its position in shares of Broadcom by 24.3% in the 1st quarter. Acorns Advisers LLC now owns 4,184 shares of the semiconductor manufacturer's stock worth $701,000 after purchasing an additional 818 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company's stock.

Insider Transactions at Broadcom

In other Broadcom news, Director Henry Samueli sold 473,898 shares of the company's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $265.33, for a total value of $125,739,356.34. Following the completion of the transaction, the director owned 38,188,575 shares in the company, valued at approximately $10,132,574,604.75. This represents a 1.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 transaction, the chief executive officer owned 825,998 shares of the company's stock, valued at approximately $278,088,746.66. This trade represents a 15.21% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 3,550 shares of company stock worth $1,227,869 and have sold 850,912 shares worth $234,854,489. Company insiders own 2.00% of the company's stock.

Broadcom Price Performance

AVGO opened at $359.87 on Friday. The firm has a market cap of $1.69 trillion, a price-to-earnings ratio of 91.80, a price-to-earnings-growth ratio of 1.99 and a beta of 1.16. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $374.23. The company's 50-day moving average price is $300.31 and its 200 day moving average price is $241.98. 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 released 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 firm had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. Broadcom's quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. As a group, sell-side analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

The firm 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 dividend of $0.59 per share. 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%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Broadcom from $300.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. Truist Financial boosted their target price on shares of Broadcom from $295.00 to $365.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. The Goldman Sachs Group reissued a "buy" rating and issued a $340.00 target price on shares of Broadcom in a research report on Wednesday, August 13th. Oppenheimer reissued an "outperform" rating and issued a $360.00 target price (up previously from $325.00) on shares of Broadcom in a research report on Friday, September 5th. Finally, Benchmark boosted their target price 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. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Broadcom presently has an average rating of "Buy" and a consensus price target of $354.04.

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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