800 Shares in Broadcom Inc. $AVGO Bought by Capital Counsel LLC NY

Capital Counsel LLC NY bought a new position in shares of Broadcom Inc. (NASDAQ:AVGO) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 800 shares of the semiconductor manufacturer’s stock, valued at approximately $221,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AVGO. Cheviot Value Management LLC acquired a new position in shares of Broadcom in the 1st quarter valued at approximately $25,000. Sawyer & Company Inc lifted its stake 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 buying an additional 36 shares in the last quarter. Longfellow Investment Management Co. LLC bought a new position in Broadcom in the second quarter valued at approximately $27,000. Legend Financial Advisors Inc. acquired a new position in shares of Broadcom in the second quarter valued at approximately $28,000. Finally, LGT Financial Advisors LLC bought a new stake in shares of Broadcom during the second quarter worth $31,000. 76.43% of the stock is owned by institutional investors and hedge funds.

Broadcom Stock Up 1.3%

AVGO stock opened at $402.89 on Monday. The company has a market cap of $1.90 trillion, a price-to-earnings ratio of 102.78, a P/E/G ratio of 1.37 and a beta of 1.19. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $403.00. The business has a 50 day moving average price of $352.16 and a two-hundred day moving average price of $307.31. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86.

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

Broadcom Dividend Announcement

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

Insider Buying and Selling

In other news, Director Henry Samueli sold 368,797 shares of the firm’s stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total value of $124,620,194.27. Following the completion of the sale, the director directly owned 37,722,534 shares of the company’s stock, valued at $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 SEC, which is available at this link. Also, insider Charlie B. Kawwas sold 3,893 shares of Broadcom stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total value of $1,354,063.26. Following the transaction, the insider owned 25,295 shares of the company’s stock, valued at $8,798,106.90. This represents a 13.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders purchased 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,483,192. 2.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. The Goldman Sachs Group set a $435.00 price objective on shares of Broadcom and gave the company a “buy” rating in a research report on Tuesday, November 25th. Rosenblatt Securities upped their price objective on Broadcom from $340.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Barclays set a $450.00 price objective on Broadcom and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Mizuho set a $435.00 target price on Broadcom and gave the company an “outperform” rating in a research note on Tuesday, October 21st. Finally, Wells Fargo & Company upped their price target on Broadcom from $255.00 to $345.00 and gave the stock an “equal weight” rating in a research report on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Broadcom currently has an average rating of “Buy” and an average target price of $377.61.

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.