Cypress Capital Group Purchases 1,066 Shares of Broadcom Inc. $AVGO

Cypress Capital Group raised its position in Broadcom Inc. (NASDAQ:AVGO) by 2.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 54,865 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,066 shares during the period. Broadcom accounts for approximately 1.9% of Cypress Capital Group’s portfolio, making the stock its 13th largest position. Cypress Capital Group’s holdings in Broadcom were worth $15,124,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of AVGO. Sawyer & Company Inc boosted its position in shares of Broadcom by 62.1% during 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 in the last quarter. PFS Partners LLC lifted its stake in Broadcom by 38.4% in the second quarter. PFS Partners LLC now owns 137 shares of the semiconductor manufacturer’s stock valued at $38,000 after buying an additional 38 shares during the period. Costello Asset Management INC boosted its holdings in shares of Broadcom by 1.5% during the 2nd quarter. Costello Asset Management INC now owns 2,528 shares of the semiconductor manufacturer’s stock worth $697,000 after buying an additional 38 shares in the last quarter. Waddell & Associates LLC boosted its holdings in shares of Broadcom by 2.1% during the 1st quarter. Waddell & Associates LLC now owns 2,091 shares of the semiconductor manufacturer’s stock worth $350,000 after buying an additional 43 shares in the last quarter. Finally, Luts & Greenleigh Group Inc. grew its position in shares of Broadcom by 1.3% during the 2nd quarter. Luts & Greenleigh Group Inc. now owns 3,405 shares of the semiconductor manufacturer’s stock worth $939,000 after buying an additional 44 shares during the period. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AVGO shares. Piper Sandler boosted their target price on shares of Broadcom from $315.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, September 5th. The Goldman Sachs Group reiterated a “buy” rating and set a $340.00 price objective on shares of Broadcom in a report on Wednesday, August 13th. Bank of America raised their target price on Broadcom from $300.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Wall Street Zen raised Broadcom from a “hold” rating to a “buy” rating in a research report on Saturday, September 6th. Finally, Citigroup reiterated a “buy” rating and issued a $415.00 price target (up previously from $350.00) on shares of Broadcom in a report on Tuesday. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $372.33.

Broadcom Price Performance

Shares of NASDAQ AVGO opened at $349.33 on Friday. The stock has a market cap of $1.65 trillion, a price-to-earnings ratio of 89.11, a PEG ratio of 1.97 and a beta of 1.20. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $374.23. The firm’s 50-day simple moving average is $327.73 and its 200 day simple moving average is $269.24.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, topping the consensus estimate 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 period in the prior year, the business posted $1.24 earnings per share. The company’s quarterly revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. As a group, research analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

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

Insider Transactions at Broadcom

In related news, Director Justine Page sold 800 shares of the business’s stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $350.15, for a total transaction of $280,120.00. Following the transaction, the director directly owned 22,182 shares in the company, valued at approximately $7,767,027.30. The trade was a 3.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark David Brazeal sold 16,558 shares of the company’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the completion of the sale, the insider directly owned 329,302 shares of the company’s stock, valued at $114,468,668.22. The trade was a 4.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,464,248. 2.00% of the stock is owned by insiders.

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.