Carrera Capital Advisors Acquires Shares of 1,933 Broadcom Inc. $AVGO

Carrera Capital Advisors bought a new stake in Broadcom Inc. (NASDAQ:AVGO) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,933 shares of the semiconductor manufacturer’s stock, valued at approximately $533,000.

A number of other hedge funds have also modified their holdings of AVGO. 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 valued at $6,882,000 after buying an additional 5,322 shares during the last quarter. 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. Golden State Wealth Management LLC raised its position in shares of Broadcom by 6.4% in the first quarter. Golden State Wealth Management LLC now owns 15,852 shares of the semiconductor manufacturer’s stock valued at $2,654,000 after buying an additional 954 shares during the last quarter. Advisors Management Group Inc. ADV raised its position in shares of Broadcom by 124.9% in the first quarter. Advisors Management Group Inc. ADV now owns 11,554 shares of the semiconductor manufacturer’s stock valued at $1,934,000 after buying an additional 6,417 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators raised its position in shares of Broadcom by 15.2% in the first quarter. Deseret Mutual Benefit Administrators now owns 9,250 shares of the semiconductor manufacturer’s stock valued at $1,549,000 after buying an additional 1,222 shares during the last quarter. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom Trading Up 3.5%

Shares of AVGO stock opened at $385.98 on Thursday. 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 cap of $1.82 trillion, a PE ratio of 98.46, a price-to-earnings-growth ratio of 2.10 and a beta of 1.20. The company has a 50-day moving average of $336.06 and a two-hundred day moving average of $280.64. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $386.48.

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

Broadcom Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were paid a $0.59 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.36 annualized dividend and a dividend yield of 0.6%. Broadcom’s dividend payout ratio (DPR) is presently 60.20%.

Insiders Place Their Bets

In other 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 value of $5,755,726.38. Following the completion of the transaction, the insider 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Hock E. Tan sold 148,154 shares of the firm’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 transaction, the chief executive officer directly owned 825,998 shares of the company’s stock, valued at approximately $278,088,746.66. The trade was a 15.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have bought 3,550 shares of company stock valued at $1,227,869 and have sold 665,271 shares valued at $225,464,248. 2.00% of the stock is owned by company insiders.

Analyst Ratings Changes

AVGO has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased 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. Bank of America raised their price objective on shares of Broadcom from $300.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Oppenheimer restated an “outperform” rating and set a $360.00 price objective (up from $325.00) on shares of Broadcom in a research report on Friday, September 5th. Piper Sandler raised their price objective on shares of Broadcom from $315.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. Finally, Deutsche Bank Aktiengesellschaft set a $400.00 price objective on shares of Broadcom and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Broadcom has an average rating of “Buy” and an average price target of $372.52.

About Broadcom

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.