IMS Capital Management Makes New Investment in Broadcom Inc. $AVGO

IMS Capital Management purchased a new stake in shares of Broadcom Inc. (NASDAQ:AVGO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 10,495 shares of the semiconductor manufacturer’s stock, valued at approximately $2,893,000. Broadcom makes up about 1.4% of IMS Capital Management’s portfolio, making the stock its 17th largest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. PARUS FINANCE UK Ltd raised its stake in Broadcom by 175.3% in the first quarter. PARUS FINANCE UK Ltd now owns 100,578 shares of the semiconductor manufacturer’s stock worth $16,840,000 after buying an additional 64,038 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Broadcom by 27.9% during the first quarter. Geneos Wealth Management Inc. now owns 64,130 shares of the semiconductor manufacturer’s stock valued at $10,737,000 after purchasing an additional 13,978 shares during the period. Keener Financial Planning LLC raised its position in shares of Broadcom by 34.8% in the first quarter. Keener Financial Planning LLC now owns 890 shares of the semiconductor manufacturer’s stock worth $149,000 after acquiring an additional 230 shares during the period. Diversify Wealth Management LLC raised its position in shares of Broadcom by 5.6% in the first quarter. Diversify Wealth Management LLC now owns 38,016 shares of the semiconductor manufacturer’s stock worth $6,365,000 after acquiring an additional 2,016 shares during the period. Finally, Acorns Advisers LLC raised its position in shares of Broadcom by 24.3% during the 1st quarter. Acorns Advisers LLC now owns 4,184 shares of the semiconductor manufacturer’s stock worth $701,000 after purchasing an additional 818 shares during the last quarter. Institutional investors own 76.43% of the company’s stock.

Broadcom Stock Performance

NASDAQ:AVGO opened at $334.53 on Friday. The stock has a market capitalization of $1.58 trillion, a P/E ratio of 85.34, a PEG ratio of 1.86 and a beta of 1.16. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $374.23. 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 company has a 50 day moving average price of $313.66 and a 200 day moving average price of $252.49.

Broadcom (NASDAQ:AVGO) last released its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.03. The company 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 firm’s quarterly revenue was up 22.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Equities research analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, September 22nd. Broadcom’s dividend payout ratio (DPR) is presently 60.20%.

Wall Street Analyst Weigh In

AVGO has been the subject of several research reports. UBS Group upped their price objective on shares of Broadcom from $290.00 to $345.00 and gave the company a “buy” rating in a research note on Monday, August 25th. Erste Group Bank raised shares of Broadcom from a “hold” rating to a “buy” rating in a research note on Thursday, June 5th. Bank of America upped their price objective on shares of Broadcom from $300.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Mizuho increased their price target on shares of Broadcom from $355.00 to $410.00 and gave the company an “outperform” rating in a research note on Friday, September 12th. Finally, Cowen reissued a “buy” rating on shares of Broadcom in a research note on Friday, June 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $356.48.

Insiders Place Their Bets

In other news, 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 sale, the insider directly owned 329,302 shares in the company, valued at approximately $114,468,668.22. This trade represents a 4.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Henry Samueli sold 368,797 shares of the firm’s stock in a transaction on 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 sale, the director owned 37,722,534 shares in the company, valued at $12,746,821,463.94. The trade was a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders acquired 3,550 shares of company stock worth $1,227,869 and sold 666,071 shares worth $225,623,008. Company insiders own 2.00% of the company’s stock.

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.