Broadcom Inc. $AVGO Shares Acquired by Fulton Bank N.A.

Fulton Bank N.A. lifted its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 2.3% during the second quarter, HoldingsChannel reports. The fund owned 91,365 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,017 shares during the quarter. Broadcom comprises 0.9% of Fulton Bank N.A.’s holdings, making the stock its 25th biggest position. Fulton Bank N.A.’s holdings in Broadcom were worth $25,185,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. PARUS FINANCE UK Ltd increased its stake in shares of Broadcom by 175.3% during the first quarter. PARUS FINANCE UK Ltd now owns 100,578 shares of the semiconductor manufacturer’s stock worth $16,840,000 after acquiring an additional 64,038 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Broadcom by 27.9% during the first quarter. Geneos Wealth Management Inc. now owns 64,130 shares of the semiconductor manufacturer’s stock worth $10,737,000 after acquiring an additional 13,978 shares during the period. Keener Financial Planning LLC increased its stake in shares of Broadcom by 34.8% during the first quarter. Keener Financial Planning LLC now owns 890 shares of the semiconductor manufacturer’s stock worth $149,000 after acquiring an additional 230 shares during the period. Diversify Wealth Management LLC increased its stake in shares of Broadcom by 5.6% during the first quarter. Diversify Wealth Management LLC now owns 38,016 shares of the semiconductor manufacturer’s stock worth $6,365,000 after acquiring an additional 2,016 shares during the period. Finally, Acorns Advisers LLC increased its stake in shares of Broadcom by 24.3% during the first quarter. Acorns Advisers LLC now owns 4,184 shares of the semiconductor manufacturer’s stock worth $701,000 after acquiring an additional 818 shares during the period. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom Stock Down 0.1%

Shares of NASDAQ AVGO opened at $344.94 on Friday. 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 $1.63 trillion, a PE ratio of 87.99, a price-to-earnings-growth ratio of 1.91 and a beta of 1.16. 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 firm’s 50-day moving average is $308.05 and its two-hundred day moving average is $247.33.

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, beating 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 for 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 company’s revenue for the quarter was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. Equities analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, September 22nd. Broadcom’s dividend payout ratio is 60.20%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on AVGO shares. UBS Group boosted their price target on shares of Broadcom from $290.00 to $345.00 and gave the stock a “buy” rating in a research note on Monday, August 25th. Oppenheimer reissued an “outperform” rating and set a $360.00 price objective (up previously from $325.00) on shares of Broadcom in a report on Friday, September 5th. JPMorgan Chase & Co. boosted their price objective on shares of Broadcom from $325.00 to $400.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. Evercore ISI reissued an “outperform” rating and set a $342.00 price objective (up previously from $304.00) on shares of Broadcom in a report on Thursday, September 4th. Finally, Wall Street Zen raised shares of Broadcom from a “hold” rating to a “buy” rating in a report on Saturday, September 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $356.48.

Insider Buying and Selling

In other Broadcom news, CEO Hock E. Tan sold 148,154 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $336.67, for a total value of $49,879,007.18. Following the sale, the chief executive officer owned 825,998 shares of the company’s stock, valued at $278,088,746.66. This represents a 15.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kirsten M. Spears sold 7,498 shares of the company’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.66, for a total transaction of $2,606,754.68. Following the completion of the sale, the chief financial officer directly owned 313,330 shares in the company, valued at $108,932,307.80. This trade represents a 2.34% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 3,550 shares of company stock valued at $1,227,869 and have sold 840,522 shares valued at $236,959,124. 2.00% of the stock is currently owned by company insiders.

About Broadcom

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.