Vista Investment Partners LLC Buys 10,373 Shares of Broadcom Inc. $AVGO

Key Points

• Vista Investment Partners LLC increased its stake in Broadcom Inc. by 83.1%, acquiring an additional 10,373 shares in the second quarter, bringing its total holdings to 22,863 shares, valued at about $6.3 million.
• Insider trading activity included Director Henry Samueli selling 473,898 shares and CEO Hock E. Tan selling 148,154 shares, with both experiencing significant decreases in ownership after the sales.
• Broadcom reported earnings of $1.69 per share in its recent quarterly results, surpassing expectations, and has declared a quarterly dividend of $0.59, with a yield of 0.7%.

Vista Investment Partners LLC grew its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 83.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,863 shares of the semiconductor manufacturer's stock after purchasing an additional 10,373 shares during the quarter. Broadcom makes up about 1.8% of Vista Investment Partners LLC's holdings, making the stock its 13th largest position. Vista Investment Partners LLC's holdings in Broadcom were worth $6,302,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Barnes Dennig Private Wealth Management LLC bought a new stake in Broadcom during the first quarter worth $25,000. Cheviot Value Management LLC bought a new stake in Broadcom during the first quarter worth $25,000. Inlight Wealth Management LLC bought a new stake in Broadcom during the first quarter worth $26,000. 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. Finally, Sunbeam Capital Management LLC bought a new stake in Broadcom during the fourth quarter worth $28,000. Institutional investors own 76.43% of the company's stock.

Insider Buying and Selling

In other news, Director Henry Samueli sold 473,898 shares of Broadcom stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $265.33, for a total value of $125,739,356.34. Following the completion of the transaction, the director directly owned 38,188,575 shares in the company, valued at approximately $10,132,574,604.75. The trade was a 1.23% 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 the SEC website. Also, CEO Hock E. Tan sold 148,154 shares of Broadcom stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $336.67, for a total value of $49,879,007.18. Following the completion of the transaction, the chief executive officer owned 825,998 shares of the company's stock, valued at approximately $278,088,746.66. This trade represents a 15.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 3,550 shares of company stock valued at $1,227,869 and have sold 840,522 shares valued at $236,959,124. 2.00% of the stock is owned by corporate insiders.

Broadcom Stock Performance

NASDAQ:AVGO opened at $344.94 on Friday. The company has a market capitalization of $1.63 trillion, a P/E ratio of 87.99, a P/E/G ratio of 1.91 and a beta of 1.16. 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. The business has a fifty day simple moving average of $308.05 and a two-hundred day simple moving average of $247.33.

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. The company had revenue of $15.95 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the business earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. On average, analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on AVGO. Barclays lifted 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. Redburn Atlantic initiated coverage on Broadcom in a report on Wednesday, May 28th. They set a "buy" rating and a $301.00 price target on the stock. 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. Macquarie initiated coverage on Broadcom in a research report on Monday, September 15th. They issued an "outperform" rating and a $420.00 target price for the company. Finally, Oppenheimer reissued an "outperform" rating and issued a $360.00 target price (up from $325.00) on shares of Broadcom in a research report on Friday, September 5th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Broadcom presently has an average rating of "Buy" and an average target price 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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