Ethic Inc. Raises Stock Position in Broadcom Inc. $AVGO

Ethic Inc. boosted its position in Broadcom Inc. (NASDAQ:AVGO) by 1.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 329,339 shares of the semiconductor manufacturer’s stock after buying an additional 5,249 shares during the period. Broadcom makes up 1.6% of Ethic Inc.’s holdings, making the stock its 8th biggest holding. Ethic Inc.’s holdings in Broadcom were worth $88,708,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. White Lighthouse Investment Management Inc. grew its position in Broadcom by 8.9% in the 2nd quarter. White Lighthouse Investment Management Inc. now owns 2,206 shares of the semiconductor manufacturer’s stock worth $608,000 after purchasing an additional 180 shares in the last quarter. Meadow Creek Wealth Advisors LLC raised its position in shares of Broadcom by 5.8% during the 2nd quarter. Meadow Creek Wealth Advisors LLC now owns 17,746 shares of the semiconductor manufacturer’s stock valued at $4,892,000 after buying an additional 979 shares in the last quarter. Greatmark Investment Partners Inc. bought a new position in shares of Broadcom during the 2nd quarter valued at $311,000. BlueChip Wealth Advisors LLC grew its holdings in shares of Broadcom by 17.2% during the 2nd quarter. BlueChip Wealth Advisors LLC now owns 1,567 shares of the semiconductor manufacturer’s stock valued at $432,000 after purchasing an additional 230 shares during the last quarter. Finally, Rehmann Capital Advisory Group grew its holdings in Broadcom by 5.2% in the 2nd quarter. Rehmann Capital Advisory Group now owns 18,999 shares of the semiconductor manufacturer’s stock worth $5,237,000 after acquiring an additional 931 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

Broadcom Trading Up 3.0%

Shares of AVGO opened at $372.97 on Wednesday. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $374.23. The company has a market cap of $1.76 trillion, a P/E ratio of 95.15, a P/E/G ratio of 2.04 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 fifty day simple moving average is $334.16 and its 200-day simple moving average is $279.21.

Broadcom (NASDAQ:AVGO) last posted its quarterly 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 company had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The firm’s revenue was up 22.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. As a group, analysts expect that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders 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 0.6%. The ex-dividend date was Monday, September 22nd. Broadcom’s dividend payout ratio (DPR) is currently 60.20%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on AVGO shares. Macquarie started coverage on shares of Broadcom in a research note on Monday, September 15th. They set an “outperform” rating and a $420.00 target price on the stock. Morgan Stanley set a $409.00 price objective on shares of Broadcom and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Bank of America lifted their target price on shares of Broadcom from $300.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Piper Sandler lifted their price target on shares of Broadcom from $315.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, September 5th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $360.00 price target (up 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 given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $372.52.

Insiders Place Their Bets

In other Broadcom news, insider Mark David Brazeal sold 16,558 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total transaction 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Justine Page sold 800 shares of the firm’s stock in a transaction that occurred on 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 directly owned 22,182 shares of the company’s stock, valued at $7,767,027.30. This represents a 3.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders purchased 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 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.