Broadcom Inc. $AVGO Shares Purchased by NorthStar Asset Management LLC NJ

NorthStar Asset Management LLC NJ raised its holdings in Broadcom Inc. (NASDAQ:AVGO) by 8.6% in the second quarter, Holdings Channel.com reports. The fund owned 2,916 shares of the semiconductor manufacturer’s stock after acquiring an additional 232 shares during the period. NorthStar Asset Management LLC NJ’s holdings in Broadcom were worth $804,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Prudential PLC grew its stake in shares of Broadcom by 12.6% in the 2nd quarter. Prudential PLC now owns 535,773 shares of the semiconductor manufacturer’s stock worth $147,686,000 after purchasing an additional 60,025 shares during the last quarter. Wisconsin Wealth Advisors LLC boosted its holdings in Broadcom by 9.2% during the second quarter. Wisconsin Wealth Advisors LLC now owns 12,940 shares of the semiconductor manufacturer’s stock worth $3,567,000 after buying an additional 1,087 shares in the last quarter. Lodestone Wealth Management LLC bought a new stake in Broadcom during the second quarter worth approximately $262,000. BWM Planning LLC grew its position in Broadcom by 3.5% in the second quarter. BWM Planning LLC now owns 3,759 shares of the semiconductor manufacturer’s stock worth $1,036,000 after buying an additional 128 shares during the last quarter. Finally, Absolute Capital Management LLC bought a new position in shares of Broadcom in the second quarter valued at $282,000. Institutional investors own 76.43% of the company’s stock.

Broadcom Stock Performance

Shares of AVGO opened at $340.20 on Friday. The company has a market capitalization of $1.61 trillion, a PE ratio of 86.79, a PEG ratio of 1.19 and a beta of 1.19. 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 company’s 50 day moving average price is $348.15 and its 200 day moving average price is $299.89. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $386.48.

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

Broadcom Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were paid a $0.59 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. Broadcom’s payout ratio is 60.20%.

Insider Buying and Selling

In related news, Director Henry Samueli sold 368,797 shares of the stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total value of $124,620,194.27. Following the transaction, the director owned 37,722,534 shares in the company, valued at approximately $12,746,821,463.94. This represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Hock E. Tan sold 148,154 shares of Broadcom stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $336.67, for a total transaction of $49,879,007.18. Following the completion of the sale, the chief executive officer owned 825,998 shares of the company’s stock, valued at $278,088,746.66. This trade represents a 15.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders acquired 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,483,192. 2.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AVGO has been the subject of several research reports. Deutsche Bank Aktiengesellschaft set a $400.00 price objective on Broadcom and gave the stock a “buy” rating in a research note on Tuesday, October 14th. Raymond James Financial set a $420.00 price target on Broadcom and gave the stock an “outperform” rating in a research note on Thursday. Truist Financial upped their price objective on shares of Broadcom from $295.00 to $365.00 and gave the company a “buy” rating in a research note on Friday, September 5th. TD Cowen raised their target price on shares of Broadcom from $355.00 to $370.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Finally, Argus boosted their price target 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 investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $374.21.

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.