Yeomans Consulting Group Inc. Purchases 1,187 Shares of Broadcom Inc. $AVGO

Key Points

• Yeomans Consulting Group Inc. increased its ownership in Broadcom Inc. by 75.8%, acquiring an additional 1,187 shares in the second quarter, bringing its total holdings to 2,753 shares valued at approximately $729,000.
• Broadcom's recent earnings beat expectations, reporting $1.69 earnings per share (EPS) and a revenue of $15.95 billion, representing a 22% year-over-year increase.
• Various institutional investors, including Vanguard and Price T Rowe Associates, have made significant changes to their stakes in Broadcom, with institutional ownership now at 76.43%.

Yeomans Consulting Group Inc. raised its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 75.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,753 shares of the semiconductor manufacturer's stock after purchasing an additional 1,187 shares during the quarter. Yeomans Consulting Group Inc.'s holdings in Broadcom were worth $729,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Broadcom by 0.4% during the first quarter. Vanguard Group Inc. now owns 477,220,137 shares of the semiconductor manufacturer's stock worth $79,900,968,000 after purchasing an additional 2,085,534 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Broadcom by 37.8% during the first 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 buying an additional 17,985,046 shares during the period. Nuveen LLC bought a new stake in Broadcom during the first quarter worth about $6,649,117,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Broadcom by 2.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 35,243,467 shares of the semiconductor manufacturer's stock worth $5,900,814,000 after acquiring an additional 842,088 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Broadcom by 3.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 33,852,310 shares of the semiconductor manufacturer's stock valued at $5,668,134,000 after buying an additional 1,043,948 shares during the period. 76.43% of the stock is owned by institutional investors and hedge funds.

Broadcom Stock Up 0.3%

Shares of NASDAQ:AVGO opened at $336.41 on Wednesday. The firm has a market cap of $1.59 trillion, a P/E ratio of 85.82, a P/E/G ratio of 1.86 and a beta of 1.20. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $374.23. The business has a fifty day simple moving average of $320.03 and a 200 day simple moving average of $259.78.

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 the consensus estimate of $1.66 by $0.03. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The business had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.82 billion. During the same period last year, the company earned $1.24 EPS. Broadcom'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. Analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were given a $0.59 dividend. 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 (DPR) is 60.20%.

Analysts Set New Price Targets

Several research firms have issued reports on AVGO. Truist Financial upped their price objective on Broadcom from $295.00 to $365.00 and gave the company a "buy" rating in a research note on Friday, September 5th. Citigroup raised their target price on Broadcom from $315.00 to $350.00 and gave the company a "buy" rating in a report on Friday, September 5th. Benchmark raised their target price on Broadcom from $315.00 to $385.00 and gave the company a "buy" rating in a report on Friday, September 5th. Oppenheimer reaffirmed an "outperform" rating and issued a $360.00 target price (up previously from $325.00) on shares of Broadcom in a report on Friday, September 5th. Finally, Mizuho increased their price target on Broadcom from $355.00 to $410.00 and gave the company an "outperform" rating in a research note on Friday, September 12th. Three investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $357.22.

Insider Transactions at Broadcom

In other news, CFO Kirsten M. Spears sold 7,498 shares of Broadcom stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total value of $2,606,754.68. Following the completion of the transaction, the chief financial officer directly owned 313,330 shares of the company's stock, valued at approximately $108,932,307.80. This trade represents a 2.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mark David Brazeal sold 16,558 shares of Broadcom stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total value of $5,755,726.38. Following the completion of the transaction, the insider directly owned 329,302 shares of the company's stock, valued at approximately $114,468,668.22. This trade represents a 4.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 3,550 shares of company stock worth $1,227,869 and sold 666,071 shares worth $225,623,008. 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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