Broadcom Inc. $AVGO Shares Bought by Titleist Asset Management LLC

Titleist Asset Management LLC lifted its position in Broadcom Inc. (NASDAQ:AVGO) by 4.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,248 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,298 shares during the period. Broadcom comprises about 0.9% of Titleist Asset Management LLC’s portfolio, making the stock its 29th biggest holding. Titleist Asset Management LLC’s holdings in Broadcom were worth $9,165,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Cheviot Value Management LLC acquired a new stake in Broadcom in the first quarter valued at approximately $25,000. Sawyer & Company Inc grew its stake in Broadcom by 62.1% during the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 36 shares in the last quarter. Legend Financial Advisors Inc. acquired a new stake in shares of Broadcom in the second quarter valued at approximately $28,000. LGT Financial Advisors LLC acquired a new stake in shares of Broadcom in the 2nd quarter worth $31,000. Finally, New England Capital Financial Advisors LLC acquired a new stake in Broadcom during the second quarter worth about $31,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Broadcom

In other news, insider Charlie B. Kawwas sold 3,893 shares of the 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 transaction, the insider owned 25,295 shares in the company, valued at $8,798,106.90. This trade represents a 13.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kirsten M. Spears sold 7,498 shares of the business’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total transaction of $2,606,754.68. Following the sale, the chief financial officer directly owned 313,330 shares in the company, valued at approximately $108,932,307.80. This represents a 2.34% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have bought 3,550 shares of company stock valued at $1,227,869 and have sold 665,271 shares valued at $225,483,192. 2.00% of the stock is owned by insiders.

Broadcom Stock Performance

NASDAQ:AVGO opened at $340.20 on Monday. The firm has a market cap of $1.61 trillion, a price-to-earnings ratio of 86.79, a price-to-earnings-growth ratio of 1.16 and a beta of 1.19. The firm’s fifty day moving average price is $348.15 and its 200 day moving average price is $301.26. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $386.48.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings results 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 firm had revenue of $15.95 billion during the quarter, compared to analysts’ expectations of $15.82 billion. During the same period in the prior year, the company posted $1.24 earnings per share. The firm’s revenue for the quarter was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. On average, sell-side analysts expect that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

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

Analysts Set New Price Targets

AVGO has been the topic of several research analyst reports. Evercore ISI boosted their price objective on shares of Broadcom from $342.00 to $403.00 and gave the company an “outperform” rating in a report on Wednesday, October 15th. Arete Research upgraded Broadcom to a “strong-buy” rating in a research note on Monday, July 28th. Rosenblatt Securities lifted their price target on shares of Broadcom from $340.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Truist Financial lifted their price target on Broadcom from $295.00 to $365.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Finally, Raymond James Financial set a $420.00 target price on shares of Broadcom and gave the company an “outperform” rating in a report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Broadcom presently has a consensus rating of “Buy” and a consensus target price of $374.21.

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.