Broadcom Inc. $AVGO Position Boosted by Milestone Resources Group Ltd

Milestone Resources Group Ltd boosted its position in Broadcom Inc. (NASDAQ:AVGO) by 2.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 739,218 shares of the semiconductor manufacturer’s stock after acquiring an additional 16,840 shares during the period. Broadcom comprises approximately 10.6% of Milestone Resources Group Ltd’s holdings, making the stock its 5th biggest holding. Milestone Resources Group Ltd’s holdings in Broadcom were worth $203,765,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in Broadcom by 21.8% in the 4th quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock worth $6,882,000 after buying an additional 5,322 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in shares of Broadcom by 10.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock worth $1,854,000 after acquiring an additional 756 shares during the last quarter. Jackson Creek Investment Advisors LLC acquired a new stake in shares of Broadcom in the first quarter worth approximately $262,000. Formidable Asset Management LLC grew its holdings in Broadcom by 6.3% in the first quarter. Formidable Asset Management LLC now owns 19,463 shares of the semiconductor manufacturer’s stock valued at $3,259,000 after purchasing an additional 1,159 shares during the period. Finally, Resurgent Financial Advisors LLC increased its position in Broadcom by 3.7% during the first quarter. Resurgent Financial Advisors LLC now owns 5,170 shares of the semiconductor manufacturer’s stock worth $866,000 after purchasing an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom Trading Up 0.7%

NASDAQ:AVGO opened at $342.46 on Friday. The stock has a market cap of $1.62 trillion, a price-to-earnings ratio of 87.36, a price-to-earnings-growth ratio of 1.38 and a beta of 1.19. Broadcom Inc. has a one year low of $138.10 and a one year high of $386.48. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. The business’s 50-day simple moving average is $349.09 and its 200 day simple moving average is $295.48.

Broadcom (NASDAQ:AVGO) last issued 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 firm had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.82 billion. During the same quarter last year, the firm earned $1.24 EPS. Broadcom’s quarterly revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. As a group, sell-side analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current fiscal 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 dividend yield of 0.7%. The ex-dividend date was Monday, September 22nd. Broadcom’s payout ratio is 60.20%.

Insider Transactions at Broadcom

In other news, insider Charlie B. Kawwas sold 3,893 shares of the company’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total value of $1,354,063.26. Following the sale, the insider owned 25,295 shares in the company, valued at approximately $8,798,106.90. This represents a 13.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Hock E. Tan sold 100,000 shares of the stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $339.58, for a total transaction of $33,958,000.00. Following the transaction, the chief executive officer directly owned 725,638 shares in the company, valued at $246,412,152.04. The trade was a 12.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders acquired 3,550 shares of company stock valued at $1,227,869 and sold 664,471 shares valued at $225,218,280. Insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

AVGO has been the topic of a number of research analyst reports. Oppenheimer reiterated an “outperform” rating and issued a $360.00 price target (up previously from $325.00) on shares of Broadcom in a report on Friday, September 5th. Rosenblatt Securities lifted their target price on Broadcom from $340.00 to $400.00 and gave the company a “buy” rating in a report on Friday, September 5th. UBS Group set a $415.00 price objective on Broadcom and gave the stock a “buy” rating in a report on Tuesday, October 14th. Argus boosted their target price on Broadcom from $285.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, September 8th. Finally, Wall Street Zen upgraded shares of Broadcom from a “hold” rating to a “buy” rating in a report on Saturday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Broadcom presently has a consensus 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.