TD Waterhouse Canada Inc. Boosts Stock Holdings in Broadcom Inc. $AVGO

TD Waterhouse Canada Inc. boosted its position in Broadcom Inc. (NASDAQ:AVGO) by 34.0% in the second quarter, Holdings Channel.com reports. The firm owned 412,920 shares of the semiconductor manufacturer’s stock after acquiring an additional 104,679 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Broadcom were worth $109,235,000 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. Sawyer & Company Inc boosted its stake in shares of Broadcom by 62.1% in the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 36 shares in the last quarter. Legend Financial Advisors Inc. purchased a new position in Broadcom in the second quarter worth $28,000. LGT Financial Advisors LLC acquired a new stake in Broadcom in the second quarter valued at $31,000. New England Capital Financial Advisors LLC acquired a new stake in Broadcom in the second quarter valued at $31,000. Finally, Maseco LLP purchased a new stake in shares of Broadcom during the 2nd quarter worth $34,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Insider Activity at Broadcom

In related news, 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 transaction of $1,354,063.26. Following the transaction, the insider owned 25,295 shares of the company’s stock, valued at approximately $8,798,106.90. This represents a 13.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Justine Page sold 800 shares of Broadcom stock in a transaction that occurred on 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 sale, the director directly owned 21,382 shares of the company’s stock, valued at $7,080,435.48. The trade was a 3.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders acquired 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,483,192. 2.00% of the stock is currently owned by company insiders.

Broadcom Price Performance

Shares of NASDAQ:AVGO opened at $346.82 on Friday. Broadcom Inc. has a one year low of $138.10 and a one year high of $386.48. The stock has a market cap of $1.64 trillion, a PE ratio of 88.47, a price-to-earnings-growth ratio of 1.21 and a beta of 1.19. The business’s fifty day moving average price is $348.54 and its two-hundred day moving average price is $298.92. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50.

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. The business had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The business’s revenue was up 22.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. On average, analysts forecast that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on AVGO shares. Oppenheimer reiterated an “outperform” rating and issued a $360.00 price target (up previously from $325.00) on shares of Broadcom in a report on Friday, September 5th. KeyCorp set a $460.00 target price on shares of Broadcom in a research report on Monday, October 13th. Citigroup reaffirmed a “buy” rating and issued a $415.00 target price (up from $350.00) on shares of Broadcom in a report on Tuesday, October 14th. Bank of America boosted their price target on Broadcom from $300.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $340.00 price target on shares of Broadcom in a report on Wednesday, August 13th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Broadcom currently has an average rating of “Buy” and an average target price of $374.21.

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.