Broadcom Inc. $AVGO Position Increased by Arvest Bank Trust Division

Arvest Bank Trust Division increased its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 1,603.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,583 shares of the semiconductor manufacturer’s stock after acquiring an additional 49,497 shares during the quarter. Arvest Bank Trust Division’s holdings in Broadcom were worth $14,495,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of AVGO. Brighton Jones LLC increased its stake in Broadcom by 21.8% during the 4th 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 period. Revolve Wealth Partners LLC lifted its position in shares of Broadcom by 10.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock valued at $1,854,000 after acquiring an additional 756 shares during the last quarter. Calton & Associates Inc. purchased a new stake in shares of Broadcom during the first quarter valued at $644,000. OneAscent Family Office LLC boosted its holdings in shares of Broadcom by 297.1% in the first quarter. OneAscent Family Office LLC now owns 4,829 shares of the semiconductor manufacturer’s stock worth $812,000 after buying an additional 3,613 shares during the period. Finally, Elyxium Wealth LLC boosted its stake in Broadcom by 420.0% in the 1st quarter. Elyxium Wealth LLC now owns 15,714 shares of the semiconductor manufacturer’s stock worth $2,631,000 after purchasing an additional 12,692 shares during the period. Institutional investors and hedge funds own 76.43% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on AVGO. Barclays set a $450.00 target price on Broadcom and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft set a $400.00 target price on shares of Broadcom and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Morgan Stanley set a $409.00 price target on shares of Broadcom and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Piper Sandler upped their price target on Broadcom from $315.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Broadcom in a research note on Thursday. Three investment 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $372.52.

Broadcom Stock Performance

Shares of NASDAQ AVGO opened at $342.46 on Monday. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $386.48. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. The stock has a 50 day moving average price of $349.09 and a 200 day moving average price of $296.20. The stock has a market capitalization of $1.62 trillion, a PE ratio of 87.36, a price-to-earnings-growth ratio of 1.37 and a beta of 1.19.

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

Broadcom Announces Dividend

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

Insider Activity at Broadcom

In other news, Director Henry Samueli sold 368,797 shares of Broadcom stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the completion of the sale, the director 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Hock E. Tan sold 100,000 shares of the stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $339.58, for a total transaction of $33,958,000.00. Following the transaction, the chief executive officer owned 725,638 shares in the company, valued at approximately $246,412,152.04. The trade was a 12.11% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have acquired 3,550 shares of company stock worth $1,227,869 and have sold 664,471 shares worth $225,218,280. 2.00% of the stock is 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.