Boston Trust Walden Corp Buys 1,672 Shares of Broadcom Inc. $AVGO

Boston Trust Walden Corp increased its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 6.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 25,832 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,672 shares during the quarter. Boston Trust Walden Corp’s holdings in Broadcom were worth $7,121,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. TD Asset Management Inc lifted its holdings in Broadcom by 7.8% in the second quarter. TD Asset Management Inc now owns 7,041,142 shares of the semiconductor manufacturer’s stock valued at $1,940,891,000 after buying an additional 507,670 shares during the period. Frazier Financial Advisors LLC lifted its holdings in Broadcom by 19.2% in the second quarter. Frazier Financial Advisors LLC now owns 553 shares of the semiconductor manufacturer’s stock valued at $152,000 after buying an additional 89 shares during the period. Wilmington Savings Fund Society FSB lifted its holdings in Broadcom by 0.7% in the second quarter. Wilmington Savings Fund Society FSB now owns 74,165 shares of the semiconductor manufacturer’s stock valued at $20,444,000 after buying an additional 518 shares during the period. Founders Grove Wealth Partners LLC lifted its holdings in Broadcom by 50.4% in the second quarter. Founders Grove Wealth Partners LLC now owns 2,003 shares of the semiconductor manufacturer’s stock valued at $552,000 after buying an additional 671 shares during the period. Finally, Morningstar Investment Management LLC lifted its holdings in Broadcom by 32.9% in the second quarter. Morningstar Investment Management LLC now owns 64,316 shares of the semiconductor manufacturer’s stock valued at $17,729,000 after buying an additional 15,918 shares during the period. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AVGO has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft set a $400.00 price objective on shares of Broadcom and gave the company a “buy” rating in a report on Tuesday, October 14th. Arete Research upgraded shares of Broadcom to a “strong-buy” rating in a report on Monday, July 28th. The Goldman Sachs Group restated a “buy” rating and issued a $340.00 price objective on shares of Broadcom in a report on Wednesday, August 13th. HSBC upgraded shares of Broadcom from a “hold” rating to a “buy” rating and set a $400.00 target price on the stock in a report on Tuesday, June 24th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $360.00 target price (up from $325.00) on shares of Broadcom in a report on Friday, September 5th. Three research 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 stock. According to MarketBeat.com, Broadcom currently has an average rating of “Buy” and an average target price of $372.33.

Insider Activity at Broadcom

In other news, Director Henry Samueli sold 368,797 shares of the stock in a transaction on Wednesday, September 24th. The shares were 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 $12,746,821,463.94. This represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Hock E. Tan sold 100,000 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $339.58, for a total transaction of $33,958,000.00. Following the completion of the transaction, the chief executive officer directly owned 725,638 shares of the company’s stock, valued at approximately $246,412,152.04. This trade represents a 12.11% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 3,550 shares of company stock valued at $1,227,869 and have sold 665,271 shares valued at $225,464,248. 2.00% of the stock is currently owned by insiders.

Broadcom Stock Down 0.0%

Shares of AVGO stock opened at $349.24 on Tuesday. The firm has a fifty day moving average of $328.64 and a 200-day moving average of $271.47. 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 Inc. has a 12-month low of $138.10 and a 12-month high of $374.23. The company has a market capitalization of $1.65 trillion, a price-to-earnings ratio of 89.09, a P/E/G ratio of 1.97 and a beta of 1.20.

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, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $15.82 billion. During the same quarter in the prior year, the firm earned $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. As a group, equities research analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

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%.

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.