Atlas Brown Inc. Increases Stock Holdings in Broadcom Inc. $AVGO

Atlas Brown Inc. lifted its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 27.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,660 shares of the semiconductor manufacturer’s stock after buying an additional 355 shares during the quarter. Atlas Brown Inc.’s holdings in Broadcom were worth $458,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Barnes Dennig Private Wealth Management LLC acquired a new stake in Broadcom during the 1st quarter valued at approximately $25,000. Cheviot Value Management LLC purchased a new stake in Broadcom during the 1st quarter worth approximately $25,000. Inlight Wealth Management LLC purchased a new stake in Broadcom during the 1st quarter worth approximately $26,000. Sunbeam Capital Management LLC purchased a new stake in Broadcom during the 4th quarter worth approximately $28,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in Broadcom during the 4th quarter worth approximately $30,000. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Broadcom Trading Up 1.2%

NASDAQ:AVGO opened at $364.09 on Tuesday. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $374.23. The firm has a market capitalization of $1.72 trillion, a P/E ratio of 92.88, a P/E/G ratio of 1.99 and a beta of 1.16. 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 business has a 50 day simple moving average of $302.11 and a 200 day simple moving average of $243.65.

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

Broadcom Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.36 annualized dividend and a yield of 0.6%. Broadcom’s payout ratio is presently 60.20%.

Analyst Ratings Changes

AVGO has been the topic of several analyst reports. Hsbc Global Res upgraded Broadcom from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 24th. Erste Group Bank upgraded Broadcom from a “hold” rating to a “buy” rating in a report on Thursday, June 5th. Truist Financial lifted their target price on Broadcom from $295.00 to $365.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Wall Street Zen upgraded Broadcom from a “hold” rating to a “buy” rating in a research report on Saturday, September 6th. Finally, JPMorgan Chase & Co. lifted their target price on Broadcom from $325.00 to $400.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Broadcom presently has an average rating of “Buy” and an average price target of $356.48.

Insider Activity

In other Broadcom news, Director Justine Page sold 800 shares of Broadcom stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $307.46, for a total transaction of $245,968.00. Following the sale, the director owned 23,782 shares of the company’s stock, valued at $7,312,013.72. The trade was a 3.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gayla J. Delly sold 3,000 shares of Broadcom stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $265.13, for a total value of $795,390.00. Following the sale, the director directly owned 33,352 shares in the company, valued at $8,842,615.76. The trade was a 8.25% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 3,550 shares of company stock worth $1,227,869 and have sold 850,112 shares worth $234,654,209. Insiders own 2.00% of the company’s stock.

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.