Broadcom Inc. $AVGO Shares Purchased by Kohmann Bosshard Financial Services LLC

Kohmann Bosshard Financial Services LLC raised its stake in Broadcom Inc. (NASDAQ:AVGO) by 42.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,205 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,552 shares during the quarter. Kohmann Bosshard Financial Services LLC’s holdings in Broadcom were worth $1,828,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Core Capital Management & Research inc. bought a new stake in Broadcom during the second quarter worth $31,000. Harborfront Financial Group LLC purchased a new stake in Broadcom in the 2nd quarter valued at $38,000. DecisionPoint Financial LLC raised its position in Broadcom by 101.9% in the 3rd quarter. DecisionPoint Financial LLC now owns 105 shares of the semiconductor manufacturer’s stock valued at $36,000 after buying an additional 53 shares during the last quarter. Align Financial LLC lifted its stake in Broadcom by 67.2% during the 3rd quarter. Align Financial LLC now owns 112 shares of the semiconductor manufacturer’s stock valued at $38,000 after acquiring an additional 45 shares in the last quarter. Finally, Curry Webb Wealth Management LLC bought a new position in Broadcom during the 3rd quarter valued at $41,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AVGO has been the topic of a number of analyst reports. Citigroup downgraded shares of Broadcom from a “buy” rating to a “neutral” rating in a report on Tuesday, October 27th. TD Cowen reiterated a “buy” rating and issued a $475.00 target price (down from $500.00) on shares of Broadcom in a report on Thursday, September 3rd. Truist Financial dropped their price target on shares of Broadcom from $550.00 to $520.00 and set a “buy” rating on the stock in a research report on Thursday, September 3rd. William Blair lowered shares of Broadcom from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 27th. Finally, UBS Group cut shares of Broadcom from a “hold” rating to a “neutral” rating in a report on Tuesday, October 27th. One analyst has rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Broadcom presently has a consensus rating of “Moderate Buy” and an average price target of $530.52.

Broadcom News Roundup

Here’s some of the latest news about AVGO:

• Positive Sentiment: Broadcom shares rose more than 3% in extended trading as turmoil around Nvidia’s CEO sent investors toward rival chipmakers, including Broadcom. Nvidia Stock Sinks as Jensen Huang Ouster Report Sends Investors Toward AMD, Broadcom
• Positive Sentiment: Coverage of Anthropic points to substantial cash and rising revenue as support for its large commitment involving Broadcom, bolstering confidence in the AI partnership and related chip demand. Anthropic’s S-1 Strengthens the Case for Broadcom’s AI Growth
• Negative Sentiment: Risks include Broadcom’s valuation and the possibility that debt-financed AI infrastructure spending could expose the company to credit risk if demand or customer finances weaken. Broadcom: A Great TPU Business With a New Kind of Credit Risk Attached

Broadcom Stock Up 4.0%

AVGO opened at $345.22 on Thursday. Broadcom Inc. has a twelve month low of $289.77 and a twelve month high of $495.00. The company’s 50-day moving average price is $345.65 and its two-hundred day moving average price is $366.28. The stock has a market cap of $1.65 trillion, a price-to-earnings ratio of 44.09 and a beta of 1.49. The company has a quick ratio of 2.29, a current ratio of 2.50 and a debt-to-equity ratio of 0.57.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.10. The company had revenue of $29.59 billion during the quarter, compared to analyst estimates of $29.24 billion. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. Broadcom’s quarterly revenue was up 85.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.69 EPS. As a group, equities analysts expect that Broadcom Inc. will post 10.37 earnings per share for the current year.

Broadcom Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, September 21st. Broadcom’s dividend payout ratio is 33.21%.

Broadcom Profile

Broadcom Inc. is a global technology company that designs and supplies semiconductor products and infrastructure software. Its semiconductor portfolio includes chips and components used in networking, broadband communications, wireless connectivity, data storage, and industrial applications. The company serves businesses across a range of industries, including communications, enterprise technology, and consumer electronics. Broadcom also provides infrastructure software, including products for virtualization, cloud computing, cybersecurity, and enterprise operations.