Cascade Investment Group Inc. Buys 685 Shares of Broadcom Inc. $AVGO

Cascade Investment Group Inc. raised its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 11.2% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 6,812 shares of the semiconductor manufacturer’s stock after purchasing an additional 685 shares during the period. Cascade Investment Group Inc.’s holdings in Broadcom were worth $1,141,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of AVGO. Sunbeam Capital Management LLC purchased a new position in shares of Broadcom in the fourth quarter valued at about $28,000. Vermillion Wealth Management Inc. purchased a new position in shares of Broadcom in the fourth quarter valued at about $30,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Broadcom in the first quarter valued at about $25,000. Cheviot Value Management LLC purchased a new position in shares of Broadcom in the first quarter valued at about $25,000. Finally, Inlight Wealth Management LLC purchased a new position in shares of Broadcom in the first quarter valued at about $26,000. Institutional investors own 76.43% of the company’s stock.

Broadcom Price Performance

Shares of Broadcom stock opened at $298.01 on Wednesday. The stock has a market cap of $1.40 trillion, a price-to-earnings ratio of 111.61, a price-to-earnings-growth ratio of 2.09 and a beta of 1.15. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.98 and a current ratio of 1.08. The stock has a 50 day moving average price of $284.66 and a 200-day moving average price of $233.28. Broadcom Inc. has a one year low of $134.90 and a one year high of $317.35.

Broadcom (NASDAQ:AVGO) last announced its earnings results on Thursday, June 5th. The semiconductor manufacturer reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.01. The firm had revenue of $15 billion during the quarter, compared to analysts’ expectations of $14.98 billion. Broadcom had a return on equity of 35.49% and a net margin of 22.64%.The company’s quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $10.96 EPS. Broadcom has set its Q3 2025 guidance at EPS. Equities analysts expect that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 20th were issued a $0.59 dividend. The ex-dividend date was Friday, June 20th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.8%. Broadcom’s payout ratio is 88.39%.

Insider Transactions at Broadcom

In other news, insider Mark David Brazeal sold 50,000 shares of Broadcom stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $253.28, for a total value of $12,664,000.00. Following the completion of the transaction, the insider owned 415,956 shares in the company, valued at approximately $105,353,335.68. The trade was a 10.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charlie B. Kawwas sold 10,000 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $252.88, for a total value of $2,528,800.00. Following the completion of the sale, the insider owned 789,784 shares in the company, valued at approximately $199,720,577.92. The trade was a 1.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 830,516 shares of company stock worth $217,286,457. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

AVGO has been the topic of several research analyst reports. Rosenblatt Securities boosted their price objective on Broadcom from $223.00 to $340.00 and gave the company a “buy” rating in a research report on Friday, June 6th. Cowen restated a “buy” rating on shares of Broadcom in a research report on Friday, June 6th. Truist Financial set a $295.00 price objective on Broadcom and gave the company a “buy” rating in a research report on Friday, June 6th. KeyCorp boosted their price objective on Broadcom from $315.00 to $330.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $300.00 target price on shares of Broadcom in a report on Friday, June 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $300.96.

Broadcom 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.