Orleans Capital Management Corp LA Makes New $682,000 Investment in Broadcom Inc. $AVGO

Orleans Capital Management Corp LA bought a new position in shares of Broadcom Inc. (NASDAQ:AVGO) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 2,475 shares of the semiconductor manufacturer’s stock, valued at approximately $682,000.

Several other institutional investors also recently modified their holdings of the business. Sawyer & Company Inc grew its stake in 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 purchasing an additional 36 shares during the period. Longfellow Investment Management Co. LLC purchased a new position in shares of Broadcom in the 2nd quarter worth about $27,000. Legend Financial Advisors Inc. bought a new position in Broadcom during the second quarter valued at about $28,000. LGT Financial Advisors LLC purchased a new stake in Broadcom during the second quarter worth about $31,000. Finally, New England Capital Financial Advisors LLC bought a new stake in Broadcom in the second quarter worth about $31,000. 76.43% of the stock is owned by institutional investors.

Insider Transactions at Broadcom

In other Broadcom news, Director Henry Samueli sold 368,797 shares of the company’s stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total value of $124,620,194.27. Following the transaction, the director directly owned 37,722,534 shares in the company, valued at $12,746,821,463.94. This represents a 0.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Charlie B. Kawwas sold 3,893 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider directly owned 25,295 shares in the company, valued at approximately $8,798,106.90. The trade was a 13.34% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have purchased 3,550 shares of company stock valued at $1,227,869 and have sold 665,271 shares valued at $225,483,192. Company insiders own 2.00% of the company’s stock.

Broadcom Stock Up 1.3%

AVGO stock opened at $402.89 on Friday. The stock has a 50-day simple moving average of $352.16 and a two-hundred day simple moving average of $306.78. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $403.00. The firm has a market capitalization of $1.90 trillion, a PE ratio of 102.78, a PEG ratio of 1.37 and a beta of 1.19. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings results 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. The firm had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The company’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. On average, equities analysts predict that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The company also recently declared 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. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Monday, September 22nd. Broadcom’s payout ratio is 60.20%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. UBS Group set a $415.00 price target on shares of Broadcom and gave the stock a “buy” rating in a report on Tuesday, October 14th. Raymond James Financial set a $420.00 target price on Broadcom and gave the company an “outperform” rating in a research note on Thursday, November 20th. Sanford C. Bernstein upped their price target on Broadcom from $295.00 to $400.00 and gave the company an “outperform” rating in a research report on Friday, September 5th. Morgan Stanley set a $409.00 price objective on Broadcom and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Finally, Weiss Ratings raised shares of Broadcom from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Broadcom has an average rating of “Buy” and a consensus target price of $377.61.

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.