tru Independence LLC Buys Shares of 996 Broadcom Inc. $AVGO

tru Independence LLC purchased a new stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 996 shares of the semiconductor manufacturer's stock, valued at approximately $274,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. BCS Wealth Management grew its stake in Broadcom by 78.0% in the 2nd quarter. BCS Wealth Management now owns 2,865 shares of the semiconductor manufacturer's stock valued at $790,000 after acquiring an additional 1,255 shares during the last quarter. Boyce & Associates Wealth Consulting Inc. acquired a new position in Broadcom during the second quarter worth about $291,000. Norden Group LLC lifted its holdings in shares of Broadcom by 7.5% in the second quarter. Norden Group LLC now owns 34,075 shares of the semiconductor manufacturer's stock valued at $9,393,000 after purchasing an additional 2,377 shares in the last quarter. Accurate Wealth Management LLC lifted its holdings in shares of Broadcom by 10.1% in the second quarter. Accurate Wealth Management LLC now owns 22,800 shares of the semiconductor manufacturer's stock valued at $6,280,000 after purchasing an additional 2,094 shares in the last quarter. Finally, Maseco LLP acquired a new stake in shares of Broadcom in the second quarter valued at approximately $34,000. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Broadcom news, CEO Hock E. Tan sold 148,154 shares of the 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 $278,088,746.66. This trade represents a 15.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Harry L. You purchased 2,050 shares of the firm's stock in a transaction on Monday, September 8th. The stock was bought at an average price of $344.78 per share, for a total transaction of $706,799.00. Following the acquisition, the director owned 34,102 shares in the company, valued at $11,757,687.56. The trade was a 6.40% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 3,550 shares of company stock valued at $1,227,869 and have sold 297,274 shares valued at $101,002,814. 2.00% of the stock is currently owned by company insiders.

Broadcom Stock Performance

Broadcom stock opened at $336.10 on Friday. The firm has a market capitalization of $1.59 trillion, a P/E ratio of 85.74, a PEG ratio of 1.88 and a beta of 1.16. The stock has a fifty day moving average price of $312.64 and a 200 day moving average price of $251.49. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $374.23. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 36.60% and a net margin of 31.59%.The firm's quarterly revenue was up 22.0% on a year-over-year basis. During the same period last year, the company earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Equities research analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors 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 yield of 0.7%. The ex-dividend date is Monday, September 22nd. Broadcom's payout ratio is presently 60.20%.

Analyst Ratings Changes

Several research analysts recently issued reports on AVGO shares. JPMorgan Chase & Co. lifted their price objective on Broadcom from $325.00 to $400.00 and gave the stock an "overweight" rating in a research report on Friday, September 5th. Barclays boosted their price target on Broadcom from $265.00 to $400.00 and gave the stock an "overweight" rating in a report on Friday, September 5th. Wells Fargo & Company increased their price objective on Broadcom from $255.00 to $345.00 and gave the company an "equal weight" rating in a research note on Friday, September 5th. Truist Financial lifted their price objective on 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 upped their target price on shares of Broadcom from $315.00 to $375.00 and gave the company an "overweight" rating in a report on Friday, September 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $356.48.

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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