Broadcom Inc. $AVGO Shares Purchased by Strategic Advocates LLC

Key Points

• Strategic Advocates LLC increased its holdings in Broadcom Inc. by 6.9% during the second quarter, bringing its total shares to 11,380, valued at approximately $3.14 million.
• Recent insider activity included CEO Hock E. Tan selling 148,154 shares worth nearly $49.9 million, while Director Gayla J. Delly sold 3,000 shares for about $795,390.
• Broadcom also announced a quarterly dividend of $0.59 per share, scheduled for payment on September 30, representing an annualized yield of 0.6% with a payout ratio of 60.20%.

Strategic Advocates LLC increased its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 6.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,380 shares of the semiconductor manufacturer's stock after purchasing an additional 732 shares during the period. Broadcom accounts for 0.9% of Strategic Advocates LLC's portfolio, making the stock its 21st largest position. Strategic Advocates LLC's holdings in Broadcom were worth $3,137,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Little House Capital LLC lifted its position in shares of Broadcom by 10.5% in the second quarter. Little House Capital LLC now owns 39,065 shares of the semiconductor manufacturer's stock worth $10,768,000 after buying an additional 3,699 shares during the last quarter. FF Advisors LLC lifted its holdings in Broadcom by 35.8% during the second quarter. FF Advisors LLC now owns 1,837 shares of the semiconductor manufacturer's stock worth $506,000 after acquiring an additional 484 shares in the last quarter. Everpar Advisors LLC lifted its holdings in shares of Broadcom by 6.8% in the second quarter. Everpar Advisors LLC now owns 13,059 shares of the semiconductor manufacturer's stock valued at $3,600,000 after purchasing an additional 833 shares in the last quarter. Parisi Gray Wealth Management grew its position in shares of Broadcom by 3.7% in the second quarter. Parisi Gray Wealth Management now owns 15,333 shares of the semiconductor manufacturer's stock valued at $4,227,000 after purchasing an additional 552 shares during the last quarter. Finally, Northstar Advisory Group LLC bought a new stake in Broadcom during the second quarter worth $3,505,000. Hedge funds and other institutional investors own 76.43% of the company's stock.

Insider Buying and Selling at Broadcom

In other news, insider Mark David Brazeal sold 50,000 shares of Broadcom stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $253.28, for a total value of $12,664,000.00. Following the transaction, the insider directly owned 415,956 shares of the company's stock, valued at $105,353,335.68. The trade was a 10.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Henry Samueli sold 473,898 shares of Broadcom stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $265.33, for a total transaction of $125,739,356.34. Following the completion of the transaction, the director directly owned 38,188,575 shares in the company, valued at $10,132,574,604.75. The trade was a 1.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 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 currently owned by company insiders.

Broadcom Stock Performance

Broadcom stock traded down $0.25 during mid-day trading on Friday, reaching $345.10. 13,187,383 shares of the company traded hands, compared to its average volume of 26,295,244. The firm's fifty day moving average is $306.64 and its two-hundred day moving average is $246.25. The company has a market capitalization of $1.63 trillion, a price-to-earnings ratio of 88.12, a price-to-earnings-growth ratio of 1.91 and a beta of 1.16. 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 fifty-two week low of $138.10 and a fifty-two week high of $374.23.

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 (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.03. The business had revenue of $15.95 billion for 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 company's revenue was up 22.0% compared to the same quarter last year. During the same period last year, the firm posted $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. On average, equities research analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, September 22nd. Broadcom's payout ratio is presently 60.20%.

Analyst Ratings Changes

Several brokerages recently issued reports on AVGO. Barclays lifted their target price on Broadcom from $265.00 to $400.00 and gave the company an "overweight" rating in a research report on Friday, September 5th. Hsbc Global Res upgraded shares of Broadcom from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, June 24th. Wall Street Zen raised shares of Broadcom from a "hold" rating to a "buy" rating in a research note on Saturday, September 6th. Rosenblatt Securities increased their price target on shares of Broadcom from $340.00 to $400.00 and gave the company a "buy" rating in a report on Friday, September 5th. Finally, Cowen reiterated a "buy" rating on shares of Broadcom in a research report on Friday, June 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $356.48.

Broadcom 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.