D.B. Root & Company LLC Purchases 887 Shares of Broadcom Inc. $AVGO

D.B. Root & Company LLC grew its stake in Broadcom Inc. (NASDAQ:AVGO) by 19.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,388 shares of the semiconductor manufacturer’s stock after acquiring an additional 887 shares during the period. D.B. Root & Company LLC’s holdings in Broadcom were worth $1,485,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Broadcom during the first quarter valued at approximately $25,000. Cheviot Value Management LLC bought a new position in shares of Broadcom during the first quarter valued at approximately $25,000. Inlight Wealth Management LLC bought a new position in shares of Broadcom during the first quarter valued at approximately $26,000. Sawyer & Company Inc boosted its stake in shares of Broadcom by 62.1% during the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 36 shares in the last quarter. Finally, Legend Financial Advisors Inc. bought a new position in shares of Broadcom during the second quarter valued at approximately $28,000. 76.43% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Mark David Brazeal sold 16,558 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider owned 329,302 shares of the company’s stock, valued at $114,468,668.22. This trade represents a 4.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Charlie B. Kawwas sold 3,893 shares of the firm’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the transaction, the insider directly owned 25,295 shares of the company’s stock, valued at approximately $8,798,106.90. This trade represents a 13.34% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have bought 3,550 shares of company stock valued at $1,227,869 and have sold 666,071 shares valued at $225,623,008. Corporate insiders own 2.00% of the company’s stock.

Broadcom Trading Down 5.9%

NASDAQ AVGO opened at $324.63 on Friday. The company has a fifty day simple moving average of $322.64 and a two-hundred day simple moving average of $262.95. The stock has a market cap of $1.53 trillion, a P/E ratio of 82.81, a P/E/G ratio of 1.80 and a beta of 1.20. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $374.23. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86.

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 analysts’ consensus estimates of $1.66 by $0.03. The business had revenue of $15.95 billion during the quarter, compared to analysts’ expectations of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The business’s quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter last year, the company posted $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. On average, analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were issued a $0.59 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. Broadcom’s dividend payout ratio (DPR) is currently 60.20%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. TD Cowen increased their price objective on shares of Broadcom from $355.00 to $370.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Argus increased their price objective on shares of Broadcom from $285.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, September 8th. The Goldman Sachs Group reiterated a “buy” rating and set a $340.00 price objective on shares of Broadcom in a research note on Wednesday, August 13th. Arete Research raised shares of Broadcom to a “strong-buy” rating in a research report on Monday, July 28th. Finally, Mizuho raised their target price on shares of Broadcom from $355.00 to $410.00 and gave the company an “outperform” rating in a research note on Friday, September 12th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Broadcom currently has an average rating of “Buy” and an average target price of $357.22.

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.