Symphony Financial Ltd. Co. Has $141.53 Million Stock Position in Broadcom Inc. $AVGO

Symphony Financial Ltd. Co. lifted its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 4,307.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 514,371 shares of the semiconductor manufacturer’s stock after acquiring an additional 502,701 shares during the quarter. Broadcom makes up about 0.7% of Symphony Financial Ltd. Co.’s investment portfolio, making the stock its 20th largest position. Symphony Financial Ltd. Co.’s holdings in Broadcom were worth $141,526,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Cheviot Value Management LLC bought a new position in shares of Broadcom in the 1st quarter valued at about $25,000. Sawyer & Company Inc raised its stake in shares of Broadcom by 62.1% during the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 36 shares during the last quarter. Legend Financial Advisors Inc. acquired a new position in Broadcom in the second quarter valued at approximately $28,000. LGT Financial Advisors LLC acquired a new position in Broadcom in the second quarter valued at approximately $31,000. Finally, New England Capital Financial Advisors LLC bought a new position in Broadcom in the second quarter valued at approximately $31,000. Institutional investors own 76.43% of the company’s stock.

Broadcom Trading Down 0.6%

NASDAQ AVGO opened at $340.50 on Wednesday. The firm has a market cap of $1.61 trillion, a P/E ratio of 86.86, a P/E/G ratio of 1.37 and a beta of 1.19. 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 stock’s 50-day moving average is $349.10 and its 200-day moving average is $298.19. Broadcom Inc. has a one year low of $138.10 and a one year high of $386.48.

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

Broadcom Dividend Announcement

The business 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 annualized dividend and a dividend yield of 0.7%. Broadcom’s dividend payout ratio is currently 60.20%.

Analysts Set New Price Targets

A number of analysts have commented on AVGO shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Broadcom in a report on Thursday, November 13th. Mizuho set a $435.00 price objective on Broadcom and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. Wall Street Zen upgraded Broadcom from a “hold” rating to a “buy” rating in a report on Saturday. Oppenheimer restated an “outperform” rating and set a $360.00 target price (up from $325.00) on shares of Broadcom in a research report on Friday, September 5th. Finally, Barclays set a $450.00 price target on shares of Broadcom and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $372.52.

Insider Buying and Selling at Broadcom

In other Broadcom news, Director Justine Page sold 800 shares of the stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $331.14, for a total transaction of $264,912.00. Following the completion of the transaction, the director owned 21,382 shares in the company, valued at approximately $7,080,435.48. This represents a 3.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark David Brazeal sold 16,558 shares of Broadcom stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total value of $5,755,726.38. Following the completion of the sale, the insider directly owned 329,302 shares in the company, valued at $114,468,668.22. This represents a 4.79% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders acquired 3,550 shares of company stock valued at $1,227,869 and sold 665,271 shares valued at $225,483,192. Insiders own 2.00% of the company’s stock.

Broadcom Company 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.