Simon Quick Advisors LLC Boosts Stock Position in Broadcom Inc. $AVGO

Simon Quick Advisors LLC grew its stake in Broadcom Inc. (NASDAQ:AVGO) by 80.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 59,327 shares of the semiconductor manufacturer’s stock after buying an additional 26,369 shares during the quarter. Broadcom accounts for about 0.7% of Simon Quick Advisors LLC’s portfolio, making the stock its 26th largest holding. Simon Quick Advisors LLC’s holdings in Broadcom were worth $16,353,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Arbor Capital Management Inc. ADV raised its holdings in Broadcom by 7.3% in the 2nd quarter. Arbor Capital Management Inc. ADV now owns 9,431 shares of the semiconductor manufacturer’s stock worth $2,733,000 after purchasing an additional 643 shares during the period. Coign Capital Advisors LLC increased its stake in Broadcom by 1.6% during the 2nd quarter. Coign Capital Advisors LLC now owns 3,280 shares of the semiconductor manufacturer’s stock worth $904,000 after buying an additional 52 shares in the last quarter. Strs Ohio increased its stake in Broadcom by 13.8% during the 2nd quarter. Strs Ohio now owns 1,784,044 shares of the semiconductor manufacturer’s stock worth $491,772,000 after buying an additional 216,958 shares in the last quarter. One Day In July LLC increased its stake in Broadcom by 13.5% during the 2nd quarter. One Day In July LLC now owns 1,828 shares of the semiconductor manufacturer’s stock worth $504,000 after buying an additional 218 shares in the last quarter. Finally, Amalgamated Bank grew its position in shares of Broadcom by 1.0% in the second quarter. Amalgamated Bank now owns 1,014,714 shares of the semiconductor manufacturer’s stock valued at $279,706,000 after purchasing an additional 9,909 shares in the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

Insider Activity at Broadcom

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

Broadcom Stock Performance

NASDAQ AVGO opened at $351.94 on Wednesday. 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 firm has a market cap of $1.66 trillion, a P/E ratio of 89.78, a P/E/G ratio of 1.46 and a beta of 1.19. 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 announced its quarterly earnings data 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 return on equity of 36.60% and a net margin of 31.59%.The company had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. During the same quarter in the previous year, the company earned $1.24 EPS. The firm’s revenue for the quarter was up 22.0% compared to the same quarter last year. 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 year.

Broadcom Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were given a dividend of $0.59 per share. 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 dividend payout ratio (DPR) is presently 60.20%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on AVGO shares. Rosenblatt Securities upped their price target on Broadcom from $340.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Bank of America raised their price target on Broadcom from $300.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Argus increased their price objective on Broadcom from $285.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, September 8th. Barclays set a $450.00 price objective on Broadcom and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Finally, Mizuho set a $435.00 price target on Broadcom and gave the company an “outperform” rating in a research note on Tuesday, October 21st. Three analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $372.52.

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.