Broadcom Inc. $AVGO Shares Acquired by TFB Advisors LLC

TFB Advisors LLC increased its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 11.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 8,681 shares of the semiconductor manufacturer’s stock after acquiring an additional 874 shares during the quarter. TFB Advisors LLC’s holdings in Broadcom were worth $2,393,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Patten Group Inc. raised its stake in shares of Broadcom by 0.4% during the second quarter. Patten Group Inc. now owns 35,929 shares of the semiconductor manufacturer’s stock worth $9,904,000 after purchasing an additional 129 shares during the last quarter. Pacific Heights Asset Management LLC grew its holdings in Broadcom by 12.8% during the second quarter. Pacific Heights Asset Management LLC now owns 220,000 shares of the semiconductor manufacturer’s stock worth $60,643,000 after acquiring an additional 25,000 shares during the period. Members Trust Co grew its holdings in Broadcom by 21.9% during the second quarter. Members Trust Co now owns 3,747 shares of the semiconductor manufacturer’s stock worth $1,033,000 after acquiring an additional 674 shares during the period. Family Capital Management Inc. grew its holdings in Broadcom by 23.9% during the second quarter. Family Capital Management Inc. now owns 4,909 shares of the semiconductor manufacturer’s stock worth $1,353,000 after acquiring an additional 947 shares during the period. Finally, Sentry LLC grew its holdings in Broadcom by 13.0% in the second quarter. Sentry LLC now owns 2,607 shares of the semiconductor manufacturer’s stock valued at $719,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Insiders Place Their Bets

In other news, insider Mark David Brazeal sold 16,558 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the transaction, the insider owned 329,302 shares of the company’s stock, valued at $114,468,668.22. This represents a 4.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Henry Samueli sold 368,797 shares of the stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total transaction 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 trade represents a 0.97% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders purchased 3,550 shares of company stock valued at $1,227,869 and sold 665,271 shares valued at $225,464,248. 2.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

AVGO has been the topic of several recent analyst reports. Weiss Ratings upgraded Broadcom from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Piper Sandler lifted their price objective on Broadcom from $315.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. Oppenheimer reiterated an “outperform” rating and issued a $360.00 target price (up previously from $325.00) on shares of Broadcom in a research report on Friday, September 5th. Benchmark boosted their price objective on Broadcom from $315.00 to $385.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Finally, Wall Street Zen lowered Broadcom from a “buy” rating to a “hold” rating in a research report on Saturday. Three investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $372.52.

Broadcom Trading Up 2.2%

Broadcom stock opened at $362.05 on Tuesday. The business has a 50 day moving average price of $332.60 and a two-hundred day moving average price of $277.81. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. The stock has a market cap of $1.71 trillion, a price-to-earnings ratio of 92.36, a price-to-earnings-growth ratio of 1.99 and a beta of 1.20. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $374.23.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.03. The firm had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The business’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same period last year, the company earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

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