Trinity Financial Advisors LLC Makes New Investment in Broadcom Inc. $AVGO

Key Points

• Trinity Financial Advisors LLC has acquired a new position in Broadcom Inc., purchasing 11,271 shares valued at approximately $3.1 million, making it the fund's 25th largest position.
• Broadcom reported a quarterly earnings per share (EPS) of $1.69, exceeding estimates, and revenue of $15.95 billion, marking a 22% year-over-year increase.
• The company announced a quarterly dividend of $0.59 per share, with a payout ratio of 60.20%, and the ex-dividend date set for September 22nd.

Trinity Financial Advisors LLC bought a new position in Broadcom Inc. (NASDAQ:AVGO - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 11,271 shares of the semiconductor manufacturer's stock, valued at approximately $3,107,000. Broadcom comprises about 1.0% of Trinity Financial Advisors LLC's portfolio, making the stock its 25th largest position.

A number of other institutional investors also recently modified their holdings of the stock. Waddell & Associates LLC raised its stake in shares of Broadcom by 2.1% in the first quarter. Waddell & Associates LLC now owns 2,091 shares of the semiconductor manufacturer's stock worth $350,000 after acquiring an additional 43 shares during the last quarter. Challenger Wealth Management raised its stake in shares of Broadcom by 1.3% in the first quarter. Challenger Wealth Management now owns 3,504 shares of the semiconductor manufacturer's stock worth $587,000 after acquiring an additional 45 shares during the last quarter. True Wealth Design LLC raised its stake in shares of Broadcom by 7.2% in the fourth quarter. True Wealth Design LLC now owns 712 shares of the semiconductor manufacturer's stock worth $165,000 after acquiring an additional 48 shares during the last quarter. Wescott Financial Advisory Group LLC raised its stake in shares of Broadcom by 3.8% in the first quarter. Wescott Financial Advisory Group LLC now owns 1,326 shares of the semiconductor manufacturer's stock worth $222,000 after acquiring an additional 48 shares during the last quarter. Finally, Martingale Asset Management L P raised its stake in shares of Broadcom by 1.3% in the first quarter. Martingale Asset Management L P now owns 3,876 shares of the semiconductor manufacturer's stock worth $649,000 after acquiring an additional 48 shares during the last quarter. 76.43% of the stock is owned by institutional investors.

Broadcom Stock Up 0.1%

Shares of NASDAQ AVGO opened at $359.87 on Friday. The stock has a market cap of $1.69 trillion, a P/E ratio of 91.80, a P/E/G ratio of 1.99 and a beta of 1.16. The firm has a 50 day moving average price of $300.31 and a 200 day moving average price of $242.19. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $374.23.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.66 by $0.03. The firm had revenue of $15.95 billion during 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%. The business's revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. Analysts expect that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

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

Insider Activity

In related news, CFO Kirsten M. Spears sold 56,310 shares of the business's stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $251.75, for a total transaction of $14,176,042.50. Following the completion of the transaction, the chief financial officer owned 361,937 shares in the company, valued at approximately $91,117,639.75. The trade was a 13.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Hock E. Tan sold 148,154 shares of the business'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 owned 825,998 shares of the company's stock, valued at approximately $278,088,746.66. This represents a 15.21% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 3,550 shares of company stock valued at $1,227,869 and have sold 850,912 shares valued at $234,854,489. Company insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AVGO. Mizuho boosted their target price on shares of Broadcom from $355.00 to $410.00 and gave the stock an "outperform" rating in a research note on Friday. Rosenblatt Securities lifted their price target on shares of Broadcom from $340.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. Wall Street Zen upgraded shares of Broadcom from a "hold" rating to a "buy" rating in a research report on Saturday, September 6th. Truist Financial lifted their price target 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. Finally, Piper Sandler lifted their price target on shares of Broadcom from $315.00 to $375.00 and gave the stock an "overweight" rating in a research report on Friday, September 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $354.04.

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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