Paragon Capital Management LLC Makes New $315,000 Investment in Broadcom Inc. $AVGO

Paragon Capital Management LLC bought a new stake in Broadcom Inc. (NASDAQ:AVGO) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,141 shares of the semiconductor manufacturer’s stock, valued at approximately $315,000.

Several other large investors have also modified their holdings of the business. MJP Associates Inc. ADV grew its holdings in shares of Broadcom by 6.9% during the 2nd quarter. MJP Associates Inc. ADV now owns 6,841 shares of the semiconductor manufacturer’s stock worth $1,886,000 after purchasing an additional 440 shares during the period. Cetera Investment Advisers raised its holdings in Broadcom by 5.9% in the 2nd quarter. Cetera Investment Advisers now owns 1,171,952 shares of the semiconductor manufacturer’s stock valued at $323,049,000 after buying an additional 65,696 shares during the period. Fusion Capital LLC acquired a new position in Broadcom in the second quarter valued at about $302,000. CWS Financial Advisors LLC purchased a new position in Broadcom during the second quarter worth about $227,000. Finally, New England Capital Financial Advisors LLC purchased a new position in Broadcom during the second quarter worth about $31,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Kirsten M. Spears sold 7,498 shares of the business’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total transaction of $2,606,754.68. Following the completion of the transaction, the chief financial officer directly owned 313,330 shares of the company’s stock, valued at approximately $108,932,307.80. The trade was a 2.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Charlie B. Kawwas sold 3,893 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The stock was 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 in the company, valued at $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 ninety days, insiders have bought 3,550 shares of company stock worth $1,227,869 and have sold 664,471 shares worth $225,218,280. 2.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Macquarie initiated coverage on shares of Broadcom in a research note on Monday, September 15th. They issued an “outperform” rating and a $420.00 price target on the stock. Citigroup reiterated a “buy” rating and issued a $415.00 target price (up previously from $350.00) on shares of Broadcom in a report on Tuesday, October 14th. Weiss Ratings reissued a “hold (c+)” rating on shares of Broadcom in a research report on Thursday. UBS Group set a $415.00 price target on Broadcom and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Finally, TD Cowen lifted their price objective on Broadcom from $355.00 to $370.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $372.52.

Broadcom Stock Performance

NASDAQ:AVGO opened at $342.65 on Tuesday. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $386.48. The company has a fifty day simple moving average of $349.03 and a two-hundred day simple moving average of $297.23. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. The company has a market cap of $1.62 trillion, a price-to-earnings ratio of 87.41, a price-to-earnings-growth ratio of 1.37 and a beta of 1.19.

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

Broadcom Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were paid a $0.59 dividend. This represents a $2.36 annualized dividend 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%.

About Broadcom

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.