Dohj LLC lifted its position in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) by 12.2% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,989 shares of the semiconductor manufacturer’s stock after buying an additional 649 shares during the quarter. Dohj LLC’s holdings in Broadcom were worth $1,651,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of AVGO. Sawyer & Company Inc increased its position in shares of Broadcom by 62.1% in the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 36 shares during the period. Legend Financial Advisors Inc. bought a new position in Broadcom in the second quarter valued at about $28,000. Maseco LLP bought a new position in Broadcom in the second quarter valued at about $34,000. PFS Partners LLC grew its position in Broadcom by 38.4% in the second quarter. PFS Partners LLC now owns 137 shares of the semiconductor manufacturer’s stock valued at $38,000 after acquiring an additional 38 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in Broadcom in the first quarter valued at about $25,000. Institutional investors and hedge funds own 76.43% of the company’s stock.
Wall Street Analyst Weigh In
AVGO has been the topic of a number of recent research reports. Barclays lifted their price target on Broadcom from $265.00 to $400.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. Weiss Ratings lowered Broadcom from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upped their target price on Broadcom from $325.00 to $400.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. TD Cowen upped their price target on Broadcom from $355.00 to $370.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Finally, Arete Research upgraded Broadcom to a “strong-buy” rating in a report on Monday, July 28th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $359.44.
Broadcom Trading Up 9.9%
Shares of Broadcom stock opened at $356.70 on Tuesday. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $374.23. The company has a market cap of $1.68 trillion, a price-to-earnings ratio of 90.99, a PEG ratio of 1.80 and a beta of 1.20. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. The company’s 50-day moving average price is $323.82 and its 200-day moving average price is $264.90.
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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.03. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The firm had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $15.82 billion. During the same period in the prior year, the firm posted $1.24 earnings per share. The company’s revenue for the quarter was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. On average, equities analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.
Broadcom Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were issued 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 presently 60.20%.
Insider Transactions at Broadcom
In other Broadcom news, CFO Kirsten M. Spears sold 7,498 shares of the firm’s 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 sale, the chief financial officer owned 313,330 shares of the company’s stock, valued at $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 available at this link. Also, insider Mark David Brazeal sold 16,558 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total value of $5,755,726.38. Following the completion of the sale, the insider directly owned 329,302 shares in the company, valued at approximately $114,468,668.22. The trade was a 4.79% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 3,550 shares of company stock worth $1,227,869 and have sold 664,471 shares worth $225,184,128. 2.00% of the stock is currently owned by insiders.
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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