AMG National Trust Bank Grows Stock Position in Broadcom Inc. $AVGO

AMG National Trust Bank raised its holdings in Broadcom Inc. (NASDAQ:AVGO) by 4.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,901 shares of the semiconductor manufacturer’s stock after buying an additional 860 shares during the quarter. AMG National Trust Bank’s holdings in Broadcom were worth $5,761,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Creekmur Asset Management LLC raised its stake in Broadcom by 43.9% in the second quarter. Creekmur Asset Management LLC now owns 9,275 shares of the semiconductor manufacturer’s stock valued at $2,557,000 after buying an additional 2,829 shares during the last quarter. Kovack Advisors Inc. raised its stake in Broadcom by 9.0% in the second quarter. Kovack Advisors Inc. now owns 39,420 shares of the semiconductor manufacturer’s stock valued at $10,866,000 after buying an additional 3,260 shares during the last quarter. Earned Wealth Advisors LLC raised its stake in Broadcom by 15.9% in the second quarter. Earned Wealth Advisors LLC now owns 9,606 shares of the semiconductor manufacturer’s stock valued at $2,648,000 after buying an additional 1,321 shares during the last quarter. Elite Life Management LLC purchased a new stake in Broadcom in the second quarter valued at about $328,000. Finally, FWG Investments LLC. purchased a new stake in Broadcom in the second quarter valued at about $316,000. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on AVGO shares. Wells Fargo & Company increased their price target on Broadcom from $255.00 to $345.00 and gave the company an “equal weight” rating in a research note on Friday, September 5th. Macquarie started coverage on Broadcom in a report on Monday, September 15th. They issued an “outperform” rating and a $420.00 price objective on the stock. Argus increased their price objective on Broadcom from $285.00 to $375.00 and gave the company a “buy” rating in a report on Monday, September 8th. Benchmark increased their price objective on Broadcom from $315.00 to $385.00 and gave the company a “buy” rating in a report on Friday, September 5th. Finally, KeyCorp set a $460.00 price objective on Broadcom in a report on Monday, October 13th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Broadcom currently has a consensus rating of “Buy” and an average price target of $372.52.

Broadcom Stock Down 2.9%

Broadcom stock opened at $351.94 on Wednesday. The firm has a market cap of $1.66 trillion, a price-to-earnings ratio of 89.78, a price-to-earnings-growth ratio of 1.46 and a beta of 1.19. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $386.48. The business’s 50-day moving average price is $341.75 and its 200 day moving average price is $286.75. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86.

Broadcom (NASDAQ:AVGO) last posted its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, topping the consensus estimate of $1.66 by $0.03. The firm had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.Broadcom’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period last year, the company earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. As a group, sell-side analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

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

Insider Activity

In related news, insider Mark David Brazeal sold 16,558 shares of the firm’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 sale, the insider directly owned 329,302 shares of the company’s stock, valued at $114,468,668.22. This trade represents a 4.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Charlie B. Kawwas sold 3,893 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total value of $1,354,063.26. Following the sale, the insider directly owned 25,295 shares in the company, valued at approximately $8,798,106.90. This trade represents a 13.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders acquired 3,550 shares of company stock valued at $1,227,869 and sold 665,271 shares valued at $225,464,248. 2.00% of the stock is currently 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.