Broadcom Inc. $AVGO Stock Holdings Lifted by Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc. grew its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 30.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 362,814 shares of the semiconductor manufacturer’s stock after purchasing an additional 85,234 shares during the quarter. Broadcom makes up approximately 2.3% of Harvest Portfolios Group Inc.’s investment portfolio, making the stock its 8th largest position. Harvest Portfolios Group Inc.’s holdings in Broadcom were worth $100,010,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of AVGO. Cheviot Value Management LLC bought a new stake in shares of Broadcom during the first quarter valued at approximately $25,000. Sawyer & Company Inc lifted its holdings in shares of Broadcom by 62.1% in the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 36 shares during the last quarter. Legend Financial Advisors Inc. bought a new position in shares of Broadcom during the 2nd quarter valued at approximately $28,000. LGT Financial Advisors LLC purchased a new stake in Broadcom in the 2nd quarter valued at about $31,000. Finally, Greenline Partners LLC purchased a new position in Broadcom during the 1st quarter worth $33,000. Institutional investors own 76.43% of the company’s stock.

Insider Buying and Selling

In other Broadcom news, CEO Hock E. Tan sold 148,154 shares of Broadcom stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $336.67, for a total transaction of $49,879,007.18. Following the sale, the chief executive officer directly owned 825,998 shares in the company, valued at $278,088,746.66. The trade was a 15.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $347.82, for a total value of $1,354,063.26. Following the sale, the insider directly owned 25,295 shares in the company, valued at approximately $8,798,106.90. This represents a 13.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders bought 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,464,248. Corporate insiders own 2.00% of the company’s stock.

Broadcom Stock Performance

NASDAQ AVGO opened at $351.96 on Wednesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. The company has a market capitalization of $1.66 trillion, a P/E ratio of 89.79, a PEG ratio of 1.45 and a beta of 1.19. The business has a 50 day moving average price of $347.20 and a 200 day moving average price of $292.95. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $386.48.

Broadcom (NASDAQ:AVGO) last released 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. The company had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The firm’s quarterly revenue was up 22.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Sell-side analysts expect that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were issued a dividend of $0.59 per share. 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%.

Analysts Set New Price Targets

AVGO has been the subject of several recent analyst reports. Arete Research raised Broadcom to a “strong-buy” rating in a report on Monday, July 28th. JPMorgan Chase & Co. boosted their price target on shares of Broadcom from $325.00 to $400.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. UBS Group set a $415.00 price target on Broadcom and gave the stock a “buy” rating in a research note on Tuesday, October 14th. Rosenblatt Securities upped 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. Finally, Evercore ISI lifted their target price on shares of Broadcom from $342.00 to $403.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 15th. Three investment 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. According to data from MarketBeat.com, Broadcom presently has an average 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.