Barton Investment Management Makes New Investment in Broadcom Inc. $AVGO

Barton Investment Management acquired a new position in Broadcom Inc. (NASDAQ:AVGO) in the 2nd quarter, Holdings Channel reports. The firm acquired 1,040 shares of the semiconductor manufacturer’s stock, valued at approximately $287,000.

Several other large investors also recently made changes to their positions in the business. Barnes Dennig Private Wealth Management LLC acquired a new stake in Broadcom during the 1st quarter valued at $25,000. Cheviot Value Management LLC acquired a new stake in Broadcom during the 1st quarter valued at $25,000. Inlight Wealth Management LLC acquired a new position in Broadcom during the 1st quarter worth $26,000. Sawyer & Company Inc grew its holdings in Broadcom by 62.1% during the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 36 shares in the last quarter. Finally, Legend Financial Advisors Inc. acquired a new position in Broadcom during the 2nd quarter worth $28,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Analyst Ratings Changes

AVGO has been the subject of several recent analyst reports. UBS Group raised their price objective on shares of Broadcom from $290.00 to $345.00 and gave the stock a “buy” rating in a report on Monday, August 25th. Evercore ISI reissued an “outperform” rating and set a $342.00 price objective (up from $304.00) on shares of Broadcom in a report on Thursday, September 4th. Hsbc Global Res raised shares of Broadcom from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 24th. Citigroup raised their price target on shares of Broadcom from $315.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Finally, Morgan Stanley raised their price target on shares of Broadcom from $338.00 to $357.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Broadcom currently has a consensus rating of “Buy” and a consensus price target of $357.22.

Broadcom Trading Up 0.3%

Shares of NASDAQ:AVGO opened at $336.41 on Wednesday. The company has a market cap of $1.59 trillion, a PE ratio of 85.82, a P/E/G ratio of 1.86 and a beta of 1.20. The company’s 50-day moving average price is $320.03 and its 200 day moving average price is $259.78. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $374.23. 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 released its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating the consensus estimate of $1.66 by $0.03. The firm had revenue of $15.95 billion for the quarter, compared to analysts’ expectations of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. Broadcom’s quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter last year, the company earned $1.24 EPS. 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 year.

Broadcom Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were paid 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 yield of 0.7%. Broadcom’s dividend payout ratio (DPR) is presently 60.20%.

Insider Activity

In other news, CFO Kirsten M. Spears sold 7,498 shares of Broadcom stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $347.66, for a total value of $2,606,754.68. Following the transaction, the chief financial officer owned 313,330 shares of the company’s stock, valued at $108,932,307.80. The trade was a 2.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 completion of the transaction, the chief executive officer directly owned 825,998 shares in the company, valued at $278,088,746.66. This represents a 15.21% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 3,550 shares of company stock worth $1,227,869 and have sold 666,071 shares worth $225,623,008. Corporate 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.