Welch Group LLC Has $8.98 Million Stock Position in Broadcom Inc. $AVGO

Key Points

• Welch Group LLC increased its stake in Broadcom Inc. by 14.4%, holding 32,562 shares valued at approximately $8.98 million as of the end of the recent quarter.
• Broadcom's stock achieved a 52-week high of $374.23 and reported a revenue of $15.95 billion in its latest earnings, surpassing analyst expectations.
• The company announced a quarterly dividend of $0.59, yielding 0.7%, and has a dividend payout ratio of 60.20%.

Welch Group LLC boosted its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 14.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,562 shares of the semiconductor manufacturer's stock after acquiring an additional 4,098 shares during the quarter. Welch Group LLC's holdings in Broadcom were worth $8,976,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of AVGO. Cypress Capital Group increased its holdings in shares of Broadcom by 2.0% in the 2nd quarter. Cypress Capital Group now owns 54,865 shares of the semiconductor manufacturer's stock valued at $15,124,000 after purchasing an additional 1,066 shares during the period. Stephens Consulting LLC boosted its holdings in shares of Broadcom by 37.4% during the second quarter. Stephens Consulting LLC now owns 261 shares of the semiconductor manufacturer's stock worth $72,000 after purchasing an additional 71 shares during the period. Gordian Advisors LLC purchased a new position in Broadcom during the second quarter valued at approximately $219,000. Almanack Investment Partners LLC. acquired a new position in Broadcom in the 2nd quarter valued at approximately $240,000. Finally, M3 Advisory Group LLC increased its stake in Broadcom by 9.7% in the 2nd quarter. M3 Advisory Group LLC now owns 5,633 shares of the semiconductor manufacturer's stock valued at $1,553,000 after buying an additional 497 shares during the period. Hedge funds and other institutional investors own 76.43% of the company's stock.

Broadcom Stock Performance

Shares of NASDAQ AVGO opened at $349.33 on Friday. The business's 50-day simple moving average is $327.73 and its 200-day simple moving average is $269.24. 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. The firm has a market cap of $1.65 trillion, a price-to-earnings ratio of 89.11, a P/E/G ratio of 1.97 and a beta of 1.20.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its 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. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The firm had revenue of $15.95 billion during the quarter, compared to analysts' expectations of $15.82 billion. During the same quarter in the prior year, the business earned $1.24 earnings per share. The company's revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities research analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current fiscal 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 $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, September 22nd. Broadcom's dividend payout ratio (DPR) is 60.20%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Piper Sandler boosted their price target on shares of Broadcom from $315.00 to $375.00 and gave the company an "overweight" rating in a report on Friday, September 5th. The Goldman Sachs Group reissued a "buy" rating and set a $340.00 price objective on shares of Broadcom in a research report on Wednesday, August 13th. Evercore ISI upped their target price on Broadcom from $342.00 to $403.00 and gave the stock an "outperform" rating in a research report on Wednesday. Truist Financial lifted their price target on Broadcom from $295.00 to $365.00 and gave the company a "buy" rating in a report on Friday, September 5th. Finally, Deutsche Bank Aktiengesellschaft set a $400.00 price target on Broadcom and gave the company a "buy" rating in a research note on Tuesday. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, Broadcom currently has an average rating of "Buy" and a consensus price target of $372.33.

Insider Transactions at Broadcom

In other Broadcom news, insider Charlie B. Kawwas sold 3,893 shares of the business's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the completion of the transaction, the insider owned 25,295 shares of the company's stock, valued at $8,798,106.90. The trade was a 13.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Henry Samueli sold 368,797 shares of the firm's stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $337.91, for a total value of $124,620,194.27. Following the completion of the sale, the director directly owned 37,722,534 shares in the company, valued at approximately $12,746,821,463.94. This represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,464,248. Insiders own 2.00% of the company's stock.

About Broadcom

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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