Broadcom Inc. $AVGO Position Increased by Addison Advisors LLC

Addison Advisors LLC raised its position in Broadcom Inc. (NASDAQ:AVGO) by 3.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,496 shares of the semiconductor manufacturer’s stock after purchasing an additional 163 shares during the quarter. Addison Advisors LLC’s holdings in Broadcom were worth $1,515,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of AVGO. Cypress Capital LLC grew its stake in shares of Broadcom by 1.0% in the 2nd quarter. Cypress Capital LLC now owns 13,497 shares of the semiconductor manufacturer’s stock valued at $3,720,000 after buying an additional 129 shares in the last quarter. Americana Partners LLC increased its stake in shares of Broadcom by 2.0% during the 2nd quarter. Americana Partners LLC now owns 187,745 shares of the semiconductor manufacturer’s stock worth $51,752,000 after purchasing an additional 3,609 shares during the last quarter. Davis R M Inc. raised its holdings in shares of Broadcom by 34.8% during the 2nd quarter. Davis R M Inc. now owns 20,796 shares of the semiconductor manufacturer’s stock valued at $5,732,000 after purchasing an additional 5,368 shares in the last quarter. Fidelis Capital Partners LLC raised its holdings in shares of Broadcom by 1.5% during the 2nd quarter. Fidelis Capital Partners LLC now owns 49,904 shares of the semiconductor manufacturer’s stock valued at $15,055,000 after purchasing an additional 748 shares in the last quarter. Finally, Shared Vision Wealth Group LLC lifted its stake in shares of Broadcom by 0.5% in the 2nd quarter. Shared Vision Wealth Group LLC now owns 14,337 shares of the semiconductor manufacturer’s stock valued at $4,211,000 after purchasing an additional 74 shares during the last quarter. 76.43% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Broadcom

In other news, Director Henry Samueli sold 368,797 shares of the firm’s stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the completion of the transaction, the director directly owned 37,722,534 shares of the company’s stock, valued at approximately $12,746,821,463.94. This trade represents a 0.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Charlie B. Kawwas sold 3,893 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the transaction, the insider owned 25,295 shares of the company’s stock, valued at approximately $8,798,106.90. This represents a 13.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders purchased 3,550 shares of company stock valued at $1,227,869 and sold 664,471 shares valued at $225,218,280. 2.00% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Weiss Ratings downgraded shares of Broadcom from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, November 7th. Macquarie started coverage on Broadcom in a research note on Monday, September 15th. They set an “outperform” rating and a $420.00 price target for the company. Rosenblatt Securities increased their price objective on Broadcom from $340.00 to $400.00 and gave the company a “buy” rating in a report on Friday, September 5th. Wells Fargo & Company boosted their target price on Broadcom from $255.00 to $345.00 and gave the stock an “equal weight” rating in a report on Friday, September 5th. Finally, KeyCorp set a $460.00 target price on Broadcom in a research report on Monday, October 13th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Broadcom presently has an average rating of “Buy” and an average target price of $372.52.

Broadcom Stock Down 4.3%

AVGO stock opened at $339.98 on Friday. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $386.48. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. The company has a market cap of $1.61 trillion, a PE ratio of 86.73, a price-to-earnings-growth ratio of 1.43 and a beta of 1.19. The business’s 50-day simple moving average is $348.93 and its 200 day simple moving average is $293.71.

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

Broadcom Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were given a $0.59 dividend. This represents a $2.36 annualized dividend 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%.

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.