Keystone Financial Services Has $1.24 Million Stock Holdings in Broadcom Inc. $AVGO

Keystone Financial Services grew its stake in Broadcom Inc. (NASDAQ:AVGO) by 58.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,488 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,663 shares during the period. Keystone Financial Services’ holdings in Broadcom were worth $1,237,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cheviot Value Management LLC bought a new stake in shares of Broadcom during the 1st quarter worth approximately $25,000. Sawyer & Company Inc increased its holdings in Broadcom by 62.1% during the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 36 shares during the last quarter. Legend Financial Advisors Inc. bought a new stake in Broadcom during the second quarter worth $28,000. LGT Financial Advisors LLC bought a new position in shares of Broadcom in the 2nd quarter valued at about $31,000. Finally, Greenline Partners LLC bought a new position in Broadcom during the first quarter worth about $33,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Insider Buying and Selling at Broadcom

In other Broadcom news, Director Justine Page sold 800 shares of the 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 sale, the director directly owned 22,182 shares in the company, valued at $7,767,027.30. This represents a 3.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Hock E. Tan sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $339.58, for a total transaction of $33,958,000.00. Following the completion of the transaction, the chief executive officer directly owned 725,638 shares in the company, valued at approximately $246,412,152.04. This represents a 12.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have purchased 3,550 shares of company stock valued at $1,227,869 and have sold 664,471 shares valued at $225,218,280. 2.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

AVGO has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft set a $400.00 price objective on Broadcom and gave the company a “buy” rating in a research note on Tuesday, October 14th. JPMorgan Chase & Co. boosted their target price on Broadcom from $325.00 to $400.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. Benchmark raised their price target on Broadcom from $315.00 to $385.00 and gave the company a “buy” rating in a report on Friday, September 5th. Truist Financial lifted their price objective on shares of Broadcom from $295.00 to $365.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Finally, Argus upped their price objective on shares of Broadcom from $285.00 to $375.00 and gave the company a “buy” rating in a report on Monday, September 8th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $372.52.

Broadcom Trading Up 0.9%

AVGO stock opened at $355.22 on Thursday. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $386.48. The company has a market capitalization of $1.68 trillion, a PE ratio of 90.62, a price-to-earnings-growth ratio of 1.42 and a beta of 1.19. The company’s 50-day simple moving average is $348.26 and its 200 day simple moving average is $293.39. 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 (NASDAQ:AVGO) last posted its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, topping analysts’ consensus estimates 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%.The company’s revenue was up 22.0% on a year-over-year basis. During the same quarter last year, the company earned $1.24 EPS. 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 declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were paid a $0.59 dividend. 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 60.20%.

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.