Autumn Glory Partners LLC Boosts Position in Broadcom Inc. $AVGO

Autumn Glory Partners LLC boosted its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 7.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,736 shares of the semiconductor manufacturer’s stock after buying an additional 331 shares during the quarter. Autumn Glory Partners LLC’s holdings in Broadcom were worth $1,305,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of AVGO. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Broadcom during the 1st quarter valued at approximately $25,000. Cheviot Value Management LLC purchased a new position in shares of Broadcom during the 1st quarter valued at approximately $25,000. Inlight Wealth Management LLC purchased a new position in shares of Broadcom during the 1st quarter valued at approximately $26,000. Sawyer & Company Inc increased its holdings in shares of Broadcom by 62.1% during the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 36 shares in the last quarter. Finally, Legend Financial Advisors Inc. purchased a new position in shares of Broadcom during the 2nd quarter valued at approximately $28,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Broadcom Trading Down 5.9%

Shares of AVGO opened at $324.63 on Friday. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $374.23. 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 firm’s fifty day moving average is $322.64 and its two-hundred day moving average is $262.37. The stock has a market cap of $1.53 trillion, a PE ratio of 82.81, a price-to-earnings-growth ratio of 1.91 and a beta of 1.20.

Broadcom (NASDAQ:AVGO) last announced its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $15.82 billion. During the same quarter in the previous year, the company posted $1.24 EPS. The firm’s quarterly revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. Research analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Macquarie assumed coverage on shares of Broadcom in a report on Monday, September 15th. They set an “outperform” rating and a $420.00 target price for the company. Weiss Ratings lowered shares of Broadcom from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. UBS Group boosted their price target on shares of Broadcom from $290.00 to $345.00 and gave the stock a “buy” rating in a report on Monday, August 25th. KeyCorp reissued an “overweight” rating and issued a $420.00 price target (up previously from $400.00) on shares of Broadcom in a report on Tuesday, September 30th. Finally, Barclays boosted their price target on shares of Broadcom from $265.00 to $400.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. 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’s stock. Based on data from MarketBeat, Broadcom has an average rating of “Buy” and an average target price of $357.22.

Insider Activity at Broadcom

In other Broadcom news, Director Henry Samueli sold 368,797 shares of Broadcom stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the sale, the director owned 37,722,534 shares of the company’s stock, valued at $12,746,821,463.94. The trade was a 0.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Hock E. Tan sold 100,000 shares of the business’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 transaction, the chief executive officer directly owned 725,638 shares in the company, valued at approximately $246,412,152.04. The trade was a 12.11% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 3,550 shares of company stock worth $1,227,869 and have sold 666,071 shares worth $225,623,008. Company insiders own 2.00% of the company’s stock.

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.