Trilogy Capital Inc. Boosts Stock Position in Broadcom Inc. $AVGO

Key Points

• Trilogy Capital Inc. increased its stake in Broadcom Inc. by 8.5% in the 2nd quarter, owning a total of 14,186 shares valued at approximately $3.91 million.
• Broadcom achieved a quarterly earnings report, with an earnings per share (EPS) of $1.69, surpassing the consensus estimate of $1.66 and showing a 22% year-over-year revenue growth.
• Institutional investors currently hold 76.43% of Broadcom's stock, reflecting strong interest from major financial entities, while analysts have rated the stock with a consensus "Buy".

Trilogy Capital Inc. increased its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 8.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,186 shares of the semiconductor manufacturer's stock after acquiring an additional 1,110 shares during the quarter. Trilogy Capital Inc.'s holdings in Broadcom were worth $3,910,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AVGO. Nuveen LLC acquired a new stake in Broadcom during the 1st quarter worth $6,649,117,000. Price T Rowe Associates Inc. MD raised its stake in Broadcom by 37.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer's stock worth $10,968,270,000 after acquiring an additional 17,985,046 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Broadcom by 16.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 31,854,414 shares of the semiconductor manufacturer's stock worth $5,333,384,000 after acquiring an additional 4,550,647 shares in the last quarter. Deutsche Bank AG raised its stake in Broadcom by 36.9% during the 1st quarter. Deutsche Bank AG now owns 15,758,895 shares of the semiconductor manufacturer's stock worth $2,638,512,000 after acquiring an additional 4,245,345 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in Broadcom by 16.0% during the 1st quarter. Alliancebernstein L.P. now owns 29,513,814 shares of the semiconductor manufacturer's stock worth $4,941,498,000 after acquiring an additional 4,077,910 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom Stock Up 0.1%

Shares of NASDAQ AVGO opened at $338.37 on Monday. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $374.23. The company has a market capitalization of $1.60 trillion, a PE ratio of 86.32, a price-to-earnings-growth ratio of 1.87 and a beta of 1.20. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. The firm's 50-day moving average is $318.43 and its two-hundred day moving average is $258.24.

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 (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.03. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The company had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $15.82 billion. During the same quarter in the prior year, the firm earned $1.24 earnings per share. The company's revenue for the quarter was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. Equities analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have commented on AVGO. Evercore ISI restated an "outperform" rating and issued a $342.00 price objective (up from $304.00) on shares of Broadcom in a research note on Thursday, September 4th. JPMorgan Chase & Co. lifted their price objective on shares of Broadcom from $325.00 to $400.00 and gave the company an "overweight" rating in a research note on Friday, September 5th. Macquarie began coverage on shares of Broadcom in a research note on Monday, September 15th. They issued an "outperform" rating and a $420.00 price objective on the stock. Weiss Ratings restated a "buy (b-)" rating on shares of Broadcom in a research note on Saturday, September 27th. Finally, Wells Fargo & Company lifted their price objective on shares of Broadcom from $255.00 to $345.00 and gave the company an "equal weight" rating in a research note on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $357.22.

Insider Buying and Selling at Broadcom

In related news, CFO Kirsten M. Spears sold 7,498 shares of the company's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $347.66, for a total transaction of $2,606,754.68. Following the transaction, the chief financial officer owned 313,330 shares of the company's stock, valued at approximately $108,932,307.80. This represents a 2.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Hock E. Tan sold 148,154 shares of the company's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $336.67, for a total transaction of $49,879,007.18. Following the transaction, the chief executive officer directly owned 825,998 shares in the company, valued at $278,088,746.66. The trade was a 15.21% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 3,550 shares of company stock valued at $1,227,869 and have sold 666,071 shares valued at $225,623,008. 2.00% of the stock is currently owned by corporate insiders.

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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