Parkside Financial Bank & Trust Acquires 3,362 Shares of Broadcom Inc. $AVGO

Parkside Financial Bank & Trust lifted its stake in Broadcom Inc. (NASDAQ:AVGO) by 18.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,791 shares of the semiconductor manufacturer’s stock after purchasing an additional 3,362 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Broadcom were worth $6,007,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Freemont Management S.A. boosted its holdings in Broadcom by 30.5% in the second quarter. Freemont Management S.A. now owns 60,400 shares of the semiconductor manufacturer’s stock worth $16,649,000 after acquiring an additional 14,100 shares in the last quarter. Keystone Financial Services raised its position in shares of Broadcom by 58.9% in the 2nd quarter. Keystone Financial Services now owns 4,488 shares of the semiconductor manufacturer’s stock worth $1,237,000 after purchasing an additional 1,663 shares during the last quarter. Aviva PLC raised its position in shares of Broadcom by 10.8% in the 2nd quarter. Aviva PLC now owns 4,416,843 shares of the semiconductor manufacturer’s stock worth $1,217,503,000 after purchasing an additional 431,682 shares during the last quarter. Titan Global Capital Management USA LLC boosted its stake in Broadcom by 67.5% in the 2nd quarter. Titan Global Capital Management USA LLC now owns 63,835 shares of the semiconductor manufacturer’s stock worth $17,596,000 after purchasing an additional 25,720 shares in the last quarter. Finally, AGF Management Ltd. grew its position in Broadcom by 27.1% during the 2nd quarter. AGF Management Ltd. now owns 2,328,813 shares of the semiconductor manufacturer’s stock valued at $641,937,000 after purchasing an additional 495,959 shares during the last quarter. Institutional investors own 76.43% of the company’s stock.

Broadcom Price Performance

NASDAQ AVGO opened at $355.22 on Thursday. The company has a 50-day moving average price of $348.26 and a 200-day moving average price of $293.39. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $386.48. 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 has a market capitalization of $1.68 trillion, a P/E ratio of 90.62, a PEG ratio of 1.42 and a beta of 1.19.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $15.82 billion. During the same quarter last year, the firm posted $1.24 earnings per share. The firm’s revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. Equities research analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

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

Insider Transactions at Broadcom

In other Broadcom news, Director Henry Samueli sold 368,797 shares of the business’s stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the completion of the sale, the director owned 37,722,534 shares of the company’s stock, valued at approximately $12,746,821,463.94. The trade was a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Justine Page sold 800 shares of Broadcom stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $350.15, for a total value of $280,120.00. Following the transaction, the director directly owned 22,182 shares in the company, valued at approximately $7,767,027.30. The trade was a 3.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders bought 3,550 shares of company stock worth $1,227,869 and sold 664,471 shares worth $225,218,280. Company insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

AVGO has been the subject of several recent analyst reports. Morgan Stanley set a $409.00 target price on shares of Broadcom and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Citigroup restated a “buy” rating and issued a $415.00 price objective (up from $350.00) on shares of Broadcom in a report on Tuesday, October 14th. Rosenblatt Securities upped their price objective on Broadcom from $340.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Mizuho set a $435.00 target price on Broadcom and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Finally, Wells Fargo & Company boosted their price target on Broadcom from $255.00 to $345.00 and gave the stock an “equal weight” rating in a research note on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock 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.