Roman Butler Fullerton & Co. Raises Stock Position in Broadcom Inc. $AVGO

Roman Butler Fullerton & Co. raised its stake in Broadcom Inc. (NASDAQ:AVGO) by 18.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,818 shares of the semiconductor manufacturer’s stock after buying an additional 735 shares during the period. Roman Butler Fullerton & Co.’s holdings in Broadcom were worth $1,395,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Cornerstone Advisory LLC increased its holdings in Broadcom by 1.5% in the second quarter. Cornerstone Advisory LLC now owns 7,095 shares of the semiconductor manufacturer’s stock valued at $1,956,000 after buying an additional 103 shares in the last quarter. Paragon Advisors LLC increased its holdings in Broadcom by 61.4% in the second quarter. Paragon Advisors LLC now owns 30,593 shares of the semiconductor manufacturer’s stock valued at $8,433,000 after buying an additional 11,634 shares in the last quarter. Bleakley Financial Group LLC increased its holdings in Broadcom by 2.7% in the second quarter. Bleakley Financial Group LLC now owns 161,331 shares of the semiconductor manufacturer’s stock valued at $44,471,000 after buying an additional 4,211 shares in the last quarter. Insight Advisors LLC PA increased its holdings in Broadcom by 1.4% in the second quarter. Insight Advisors LLC PA now owns 34,842 shares of the semiconductor manufacturer’s stock valued at $9,604,000 after buying an additional 481 shares in the last quarter. Finally, Warther Private Wealth LLC increased its holdings in Broadcom by 2,839.2% in the second quarter. Warther Private Wealth LLC now owns 61,400 shares of the semiconductor manufacturer’s stock valued at $16,925,000 after buying an additional 59,311 shares in the last quarter. 76.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AVGO has been the subject of a number of research analyst reports. Wells Fargo & Company increased their target price on shares of Broadcom from $255.00 to $345.00 and gave the company an “equal weight” rating in a report on Friday, September 5th. Barclays set a $450.00 price objective on shares of Broadcom and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. KeyCorp set a $460.00 price objective on shares of Broadcom in a research note on Monday, October 13th. UBS Group set a $415.00 price objective on shares of Broadcom and gave the stock a “buy” rating in a research note on Tuesday, October 14th. Finally, 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. Three analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $372.52.

Insider Transactions at Broadcom

In other Broadcom news, insider Charlie B. Kawwas sold 3,893 shares of Broadcom 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 completion of 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 accessible through this hyperlink. Also, insider Mark David Brazeal sold 16,558 shares of Broadcom stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the completion of the sale, the insider directly owned 329,302 shares of the company’s stock, valued at $114,468,668.22. The trade was a 4.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders bought 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,464,248. Insiders own 2.00% of the company’s stock.

Broadcom Stock Up 3.0%

AVGO stock opened at $372.97 on Wednesday. The stock has a market capitalization of $1.76 trillion, a P/E ratio of 95.15, a PEG ratio of 2.04 and a beta of 1.20. 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 one year low of $138.10 and a one year high of $374.23. The company has a 50 day moving average price of $334.16 and a two-hundred day moving average price of $279.21.

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. As a group, sell-side analysts expect that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend 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.