Stratos Investment Management LLC Grows Holdings in Broadcom Inc. $AVGO

Key Points

• Stratos Investment Management LLC increased its holdings in Broadcom Inc. by 1.3%, owning 111,349 shares worth approximately $30.7 million, making it the firm's 18th largest investment position.
• Multiple hedge funds have recently increased their stakes in Broadcom, with institutional investors now owning 76.43% of the company's stock.
• Broadcom has received several analyst upgrades with target prices rising, including a new average price target of $372.52, suggesting a positive outlook for the stock.

Stratos Investment Management LLC boosted its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 1.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 111,349 shares of the semiconductor manufacturer's stock after purchasing an additional 1,418 shares during the period. Broadcom comprises 1.4% of Stratos Investment Management LLC's investment portfolio, making the stock its 18th biggest position. Stratos Investment Management LLC's holdings in Broadcom were worth $30,694,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. Sawyer & Company Inc lifted its holdings 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 acquiring an additional 36 shares during the period. PFS Partners LLC increased its position in shares of Broadcom by 38.4% during the 2nd quarter. PFS Partners LLC now owns 137 shares of the semiconductor manufacturer's stock valued at $38,000 after purchasing an additional 38 shares during the last quarter. Costello Asset Management INC raised its stake in shares of Broadcom by 1.5% during the 2nd quarter. Costello Asset Management INC now owns 2,528 shares of the semiconductor manufacturer's stock worth $697,000 after purchasing an additional 38 shares during the period. Waddell & Associates LLC raised its stake in shares of Broadcom by 2.1% during the 1st quarter. Waddell & Associates LLC now owns 2,091 shares of the semiconductor manufacturer's stock worth $350,000 after purchasing an additional 43 shares during the period. Finally, Luts & Greenleigh Group Inc. boosted its holdings in shares of Broadcom by 1.3% in the 2nd quarter. Luts & Greenleigh Group Inc. now owns 3,405 shares of the semiconductor manufacturer's stock worth $939,000 after buying an additional 44 shares during the last quarter. Institutional investors own 76.43% of the company's stock.

Insiders Place Their Bets

In other Broadcom news, Director Justine Page sold 800 shares of the firm's stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $350.15, for a total value of $280,120.00. Following the completion of the transaction, the director directly owned 22,182 shares of the company's stock, valued at $7,767,027.30. This trade represents a 3.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mark David Brazeal sold 16,558 shares of the business'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 of the company's stock, 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. Over the last ninety days, insiders bought 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,464,248. 2.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AVGO. Citigroup restated a "buy" rating and set a $415.00 price objective (up previously from $350.00) on shares of Broadcom in a report on Tuesday, October 14th. Rosenblatt Securities raised their price target on shares of Broadcom from $340.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. TD Cowen upped their price objective on Broadcom from $355.00 to $370.00 and gave the company a "buy" rating in a research note on Friday, September 5th. Sanford C. Bernstein raised their target price on Broadcom from $295.00 to $400.00 and gave the stock an "outperform" rating in a research report on Friday, September 5th. Finally, Wall Street Zen upgraded Broadcom from a "hold" rating to a "buy" rating in a research note on Saturday, September 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $372.52.

Broadcom Trading Down 0.7%

NASDAQ:AVGO opened at $340.30 on Thursday. The company has a market cap of $1.61 trillion, a P/E ratio of 86.81, a P/E/G ratio of 1.93 and a beta of 1.20. The stock's fifty day moving average price is $329.86 and its two-hundred day moving average price is $272.43. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $374.23. 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 (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 the consensus estimate of $1.66 by $0.03. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The company had revenue of $15.95 billion during the quarter, compared to analysts' expectations of $15.82 billion. During the same period in the previous year, the business earned $1.24 earnings per share. The firm's quarterly revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. As a group, analysts expect that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

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

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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