CORDA Investment Management LLC. Purchases Shares of 4,946 Broadcom Inc. $AVGO

CORDA Investment Management LLC. acquired a new stake in Broadcom Inc. (NASDAQ:AVGO) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,946 shares of the semiconductor manufacturer’s stock, valued at approximately $1,363,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in shares of Broadcom by 21.8% in the fourth quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock worth $6,882,000 after acquiring an additional 5,322 shares during the period. Revolve Wealth Partners LLC raised its position in shares of Broadcom by 10.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock valued at $1,854,000 after buying an additional 756 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Broadcom by 9.2% in the first quarter. GAMMA Investing LLC now owns 103,184 shares of the semiconductor manufacturer’s stock valued at $17,276,000 after buying an additional 8,672 shares during the last quarter. CNB Bank boosted its stake in Broadcom by 14.0% during the first quarter. CNB Bank now owns 17,410 shares of the semiconductor manufacturer’s stock worth $2,915,000 after buying an additional 2,137 shares during the last quarter. Finally, Falcon Wealth Planning boosted its stake in Broadcom by 14.5% during the first quarter. Falcon Wealth Planning now owns 3,254 shares of the semiconductor manufacturer’s stock worth $545,000 after buying an additional 411 shares during the last quarter. 76.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on AVGO shares. 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. Evercore ISI lifted their price objective on shares of Broadcom from $342.00 to $403.00 and gave the company an “outperform” rating in a report on Wednesday, October 15th. KeyCorp set a $460.00 price objective on shares of Broadcom in a report on Monday, October 13th. Bank of America lifted their price target on shares of Broadcom from $300.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $360.00 price target (up previously from $325.00) on shares of Broadcom in a research note on Friday, September 5th. Three analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Broadcom presently has a consensus rating of “Buy” and a consensus price target of $372.52.

Insiders Place Their Bets

In other Broadcom news, Director Henry Samueli sold 368,797 shares of the company’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 transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Justine Page sold 800 shares of the stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $350.15, for a total transaction of $280,120.00. Following the transaction, the director owned 22,182 shares in the company, valued at approximately $7,767,027.30. The trade was a 3.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,464,248. 2.00% of the stock is currently owned by corporate insiders.

Broadcom Stock Performance

Shares of AVGO opened at $354.13 on Friday. 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 1 year low of $138.10 and a 1 year high of $374.23. The stock has a market capitalization of $1.67 trillion, a P/E ratio of 90.34, a P/E/G ratio of 1.99 and a beta of 1.20. The company’s fifty day moving average is $331.47 and its two-hundred day moving average is $275.94.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share 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 business had revenue of $15.95 billion for the quarter, compared to analysts’ expectations of $15.82 billion. During the same period in the prior year, the company posted $1.24 EPS. The business’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, sell-side 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. Investors of record on Monday, September 22nd were given a $0.59 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. Broadcom’s payout ratio is currently 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.