Broadcom Inc. $AVGO Shares Acquired by Alan B Lancz & Associates Inc.

Alan B Lancz & Associates Inc. lifted its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 5.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,950 shares of the semiconductor manufacturer’s stock after buying an additional 100 shares during the period. Alan B Lancz & Associates Inc.’s holdings in Broadcom were worth $538,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. CORDA Investment Management LLC. acquired a new stake in shares of Broadcom during the second quarter worth about $1,363,000. CMG Global Holdings LLC acquired a new stake in shares of Broadcom during the second quarter worth about $276,000. Accretive Wealth Partners LLC acquired a new stake in shares of Broadcom during the second quarter worth about $252,000. Alaska Wealth Advisors acquired a new stake in shares of Broadcom during the second quarter worth about $635,000. Finally, Balboa Wealth Partners lifted its position in Broadcom by 42.3% in the second quarter. Balboa Wealth Partners now owns 20,463 shares of the semiconductor manufacturer’s stock valued at $5,641,000 after purchasing an additional 6,083 shares during the period. Institutional investors and hedge funds own 76.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AVGO. Deutsche Bank Aktiengesellschaft set a $400.00 price objective on shares of Broadcom and gave the company a “buy” rating in a research report on Tuesday, October 14th. KeyCorp set a $460.00 price objective on shares of Broadcom in a research report on Monday, October 13th. Oppenheimer restated an “outperform” rating and issued a $360.00 price objective (up previously from $325.00) on shares of Broadcom in a research report on Friday, September 5th. Barclays set a $450.00 target price on shares of Broadcom and gave the company an “overweight” rating in a report on Tuesday, October 14th. Finally, TD Cowen increased their target price on shares of Broadcom from $355.00 to $370.00 and gave the company a “buy” rating in a report on Friday, September 5th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $372.52.

Insider Buying and Selling

In other Broadcom news, insider Mark David Brazeal sold 16,558 shares of Broadcom stock in a transaction on 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 transaction, the insider owned 329,302 shares in the company, valued at $114,468,668.22. This trade represents a 4.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Charlie B. Kawwas sold 3,893 shares of Broadcom 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 transaction, the insider owned 25,295 shares in the company, valued at $8,798,106.90. The trade was a 13.34% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,464,248. Company insiders own 2.00% of the company’s stock.

Broadcom Trading Up 2.9%

Shares of AVGO opened at $354.13 on Friday. The stock has a market cap of $1.67 trillion, a price-to-earnings ratio of 90.34, a price-to-earnings-growth ratio of 1.99 and a beta of 1.20. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $374.23. The firm has a 50 day simple moving average of $331.47 and a 200-day simple moving average of $275.94.

Broadcom (NASDAQ:AVGO) last released its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, topping the consensus estimate of $1.66 by $0.03. The firm had revenue of $15.95 billion during the quarter, compared to analysts’ expectations of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. Broadcom’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Equities analysts forecast that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

The business 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. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, September 22nd. Broadcom’s dividend payout ratio (DPR) is 60.20%.

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.