Broadcom Inc. $AVGO is D.A. Davidson & CO.’s 7th Largest Position

D.A. Davidson & CO. raised its position in Broadcom Inc. (NASDAQ:AVGO) by 23.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 850,542 shares of the semiconductor manufacturer’s stock after buying an additional 163,838 shares during the period. Broadcom comprises 1.7% of D.A. Davidson & CO.’s investment portfolio, making the stock its 7th biggest position. D.A. Davidson & CO.’s holdings in Broadcom were worth $234,452,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smith Thornton Advisors LLC acquired a new stake in shares of Broadcom in the second quarter valued at about $629,000. Wallace Advisory Group LLC grew its position in shares of Broadcom by 57.5% in the second quarter. Wallace Advisory Group LLC now owns 3,680 shares of the semiconductor manufacturer’s stock valued at $1,014,000 after purchasing an additional 1,343 shares during the period. IMG Wealth Management Inc. acquired a new stake in shares of Broadcom in the second quarter valued at about $77,000. Dupont Capital Management Corp grew its position in shares of Broadcom by 42.6% in the second quarter. Dupont Capital Management Corp now owns 84,763 shares of the semiconductor manufacturer’s stock valued at $23,365,000 after purchasing an additional 25,332 shares during the period. Finally, Advantage Trust Co grew its position in shares of Broadcom by 24.9% in the second quarter. Advantage Trust Co now owns 1,656 shares of the semiconductor manufacturer’s stock valued at $456,000 after purchasing an additional 330 shares during the period. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Wall Street Analysts Forecast Growth

AVGO has been the topic of several research analyst reports. TD Cowen lifted their target price on shares of Broadcom from $355.00 to $370.00 and gave the company a “buy” rating in a research report on Friday, September 5th. JPMorgan Chase & Co. lifted their target price on shares of Broadcom from $325.00 to $400.00 and gave the company an “overweight” rating in a research report on Friday, September 5th. Evercore ISI lifted their target price on shares of Broadcom from $342.00 to $403.00 and gave the company an “outperform” rating in a research report on Wednesday, October 15th. Bank of America lifted their target price on shares of Broadcom from $300.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Finally, Wells Fargo & Company boosted their price target on shares of Broadcom from $255.00 to $345.00 and gave the stock an “equal weight” rating in a research report on Friday, September 5th. Three research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $372.52.

Insider Buying and Selling

In other news, insider Charlie B. Kawwas sold 3,893 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total value of $1,354,063.26. Following the sale, the insider directly owned 25,295 shares of the company’s stock, valued at approximately $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 this hyperlink. Also, CEO Hock E. Tan sold 148,154 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $336.67, for a total transaction of $49,879,007.18. Following the completion of the sale, the chief executive officer directly owned 825,998 shares in the company, valued at $278,088,746.66. This trade represents a 15.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,464,248. Company insiders own 2.00% of the company’s stock.

Broadcom Stock Performance

NASDAQ:AVGO opened at $362.05 on Tuesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. The firm has a market capitalization of $1.71 trillion, a price-to-earnings ratio of 92.36, a PEG ratio of 1.99 and a beta of 1.20. The company’s 50-day moving average is $332.60 and its two-hundred day moving average is $277.81. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $374.23.

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

Broadcom Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, September 22nd. Broadcom’s payout ratio is presently 60.20%.

Broadcom 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.