1ST Source Bank Acquires 159 Shares of Broadcom Inc. $AVGO

1ST Source Bank lifted its holdings in Broadcom Inc. (NASDAQ:AVGO) by 0.5% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 30,907 shares of the semiconductor manufacturer’s stock after acquiring an additional 159 shares during the quarter. 1ST Source Bank’s holdings in Broadcom were worth $8,520,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Cheviot Value Management LLC purchased a new stake in Broadcom during the 1st quarter valued at about $25,000. Sawyer & Company Inc lifted its position in Broadcom by 62.1% in the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 36 shares during the last quarter. Legend Financial Advisors Inc. bought a new stake in Broadcom in the second quarter valued at approximately $28,000. LGT Financial Advisors LLC purchased a new stake in shares of Broadcom during the second quarter valued at approximately $31,000. Finally, Greenline Partners LLC purchased a new stake in shares of Broadcom during the first quarter valued at approximately $33,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom Trading Up 0.9%

Shares of NASDAQ AVGO opened at $355.22 on Thursday. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $386.48. 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 50-day moving average of $348.26 and a 200 day moving average of $293.39. The stock has a market cap of $1.68 trillion, a P/E ratio of 90.62, a price-to-earnings-growth ratio of 1.42 and a beta of 1.19.

Broadcom (NASDAQ:AVGO) last announced its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $15.82 billion. During the same quarter last year, the firm earned $1.24 earnings per share. 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. As a group, sell-side analysts expect that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, September 22nd. Broadcom’s dividend payout ratio (DPR) is 60.20%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft set a $400.00 price target on shares of Broadcom and gave the company a “buy” rating in a report on Tuesday, October 14th. Weiss Ratings downgraded shares of Broadcom from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, November 7th. Wall Street Zen lowered shares of Broadcom from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Bank of America boosted their price target on Broadcom from $300.00 to $400.00 and gave the company a “buy” rating in a report on Friday, September 5th. Finally, Barclays set a $450.00 price objective on Broadcom and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Broadcom currently has a consensus rating of “Buy” and a consensus target price of $372.52.

Insider Buying and Selling at Broadcom

In other Broadcom news, CFO Kirsten M. Spears sold 7,498 shares of the business’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total value of $2,606,754.68. Following the sale, the chief financial officer directly owned 313,330 shares of the company’s stock, valued at approximately $108,932,307.80. The trade was a 2.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mark David Brazeal sold 16,558 shares of the firm’s stock in a transaction 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 transaction, the insider 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. The SEC filing for this sale provides additional information. In the last ninety days, insiders have bought 3,550 shares of company stock valued at $1,227,869 and have sold 664,471 shares valued at $225,218,280. 2.00% of the stock is owned by corporate insiders.

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.