838 Shares in Broadcom Inc. $AVGO Purchased by HTG Investment Advisors Inc.

HTG Investment Advisors Inc. purchased a new position in shares of Broadcom Inc. (NASDAQ:AVGO) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 838 shares of the semiconductor manufacturer’s stock, valued at approximately $231,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. CFM Wealth Partners LLC grew its holdings in Broadcom by 97.8% during the second quarter. CFM Wealth Partners LLC now owns 7,257 shares of the semiconductor manufacturer’s stock worth $2,001,000 after purchasing an additional 3,589 shares during the period. Tyche Wealth Partners LLC grew its holdings in Broadcom by 45.4% during the second quarter. Tyche Wealth Partners LLC now owns 5,775 shares of the semiconductor manufacturer’s stock worth $1,592,000 after purchasing an additional 1,802 shares during the period. KLP Kapitalforvaltning AS grew its holdings in Broadcom by 4.2% during the second quarter. KLP Kapitalforvaltning AS now owns 1,626,680 shares of the semiconductor manufacturer’s stock worth $448,394,000 after purchasing an additional 65,500 shares during the period. Avantra Family Wealth Inc. grew its holdings in Broadcom by 4.4% during the second quarter. Avantra Family Wealth Inc. now owns 7,461 shares of the semiconductor manufacturer’s stock worth $2,057,000 after purchasing an additional 314 shares during the period. Finally, RMG Wealth Management LLC bought a new position in Broadcom during the second quarter worth about $75,000. Institutional investors own 76.43% of the company’s stock.

Insider Buying and Selling

In other news, CEO Hock E. Tan sold 100,000 shares of Broadcom stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $339.58, for a total value of $33,958,000.00. Following the completion of the sale, the chief executive officer directly owned 725,638 shares in the company, valued at approximately $246,412,152.04. The trade was a 12.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kirsten M. Spears sold 7,498 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $347.66, for a total transaction of $2,606,754.68. Following the transaction, the chief financial officer owned 313,330 shares of the company’s stock, valued at approximately $108,932,307.80. This represents a 2.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders acquired 3,550 shares of company stock valued at $1,227,869 and sold 664,471 shares valued at $225,184,128. Corporate insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

AVGO has been the subject of a number of research analyst reports. Wall Street Zen upgraded Broadcom from a “hold” rating to a “buy” rating in a report on Saturday, September 6th. Evercore ISI restated an “outperform” rating and set a $342.00 price objective (up previously from $304.00) on shares of Broadcom in a report on Thursday, September 4th. Argus boosted their price objective on Broadcom from $285.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, September 8th. KeyCorp restated an “overweight” rating and set a $420.00 price objective (up previously from $400.00) on shares of Broadcom in a report on Tuesday, September 30th. Finally, Weiss Ratings cut Broadcom from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. 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.com, the company currently has a consensus rating of “Buy” and an average price target of $357.22.

Broadcom Stock Down 5.9%

NASDAQ AVGO opened at $324.63 on Monday. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $374.23. The company has a 50 day moving average of $322.64 and a 200-day moving average of $263.58. The company has a market cap of $1.53 trillion, a price-to-earnings ratio of 82.81, a PEG ratio of 1.80 and a beta of 1.20.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.03. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The company had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.82 billion. During the same period in the previous year, the business earned $1.24 earnings per share. The firm’s quarterly revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. On average, equities research analysts expect 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. Stockholders of record on Monday, September 22nd were given 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 was Monday, September 22nd. Broadcom’s payout ratio is presently 60.20%.

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.