NBT Bank N A NY Purchases 2,187 Shares of Broadcom Inc. $AVGO

NBT Bank N A NY grew its stake in Broadcom Inc. (NASDAQ:AVGO) by 17.8% in the second quarter, HoldingsChannel.com reports. The fund owned 14,452 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,187 shares during the period. NBT Bank N A NY’s holdings in Broadcom were worth $3,984,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Broadcom in the 1st quarter valued at about $25,000. Cheviot Value Management LLC acquired a new position in shares of Broadcom in the 1st quarter valued at approximately $25,000. Inlight Wealth Management LLC acquired a new position in shares of Broadcom in the 1st quarter valued at approximately $26,000. Sawyer & Company Inc grew its position in shares of Broadcom by 62.1% in the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 36 shares during the period. Finally, Legend Financial Advisors Inc. acquired a new position in shares of Broadcom in the 2nd quarter valued at approximately $28,000. 76.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on AVGO shares. Macquarie started coverage on Broadcom in a research report on Monday, September 15th. They issued an “outperform” rating and a $420.00 price objective for the company. The Goldman Sachs Group reiterated a “buy” rating and issued a $340.00 price objective on shares of Broadcom in a research report on Wednesday, August 13th. Deutsche Bank Aktiengesellschaft boosted their price objective on Broadcom from $300.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Truist Financial boosted their price objective on Broadcom from $295.00 to $365.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $420.00 price target (up previously from $400.00) on shares of Broadcom in a research report on Tuesday, September 30th. Three equities research 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 MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $357.22.

Broadcom Trading Down 5.9%

NASDAQ:AVGO opened at $324.63 on Monday. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $374.23. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. The business has a 50 day moving average price of $322.64 and a two-hundred day moving average price of $263.58. The company has a market cap of $1.53 trillion, a P/E ratio of 82.81, a price-to-earnings-growth 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, topping 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 firm had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.82 billion. During the same quarter in the prior year, the firm posted $1.24 EPS. The business’s revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. As a group, analysts expect that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, September 22nd. Broadcom’s dividend payout ratio is presently 60.20%.

Insider Buying and Selling

In other news, CFO Kirsten M. Spears sold 7,498 shares of the stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total value of $2,606,754.68. Following the completion of the sale, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Hock E. Tan sold 100,000 shares of the 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 of the company’s stock, valued at approximately $246,412,152.04. The trade was a 12.11% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 3,550 shares of company stock worth $1,227,869 and have sold 664,471 shares worth $225,184,128. 2.00% of the stock is owned by corporate insiders.

Broadcom 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.