Enterprise Financial Services Corp Has $1.35 Million Stock Position in Broadcom Inc. $AVGO

Enterprise Financial Services Corp raised its position in Broadcom Inc. (NASDAQ:AVGO) by 1.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,066 shares of the semiconductor manufacturer’s stock after purchasing an additional 76 shares during the quarter. Broadcom makes up approximately 0.8% of Enterprise Financial Services Corp’s holdings, making the stock its 29th biggest position. Enterprise Financial Services Corp’s holdings in Broadcom were worth $1,350,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AVGO. Cowen restated a “buy” rating on shares of Broadcom in a research note on Friday, June 6th. Oppenheimer increased their price objective on Broadcom from $265.00 to $305.00 and gave the company an “outperform” rating in a report on Tuesday, July 15th. KeyCorp increased their price objective on Broadcom from $315.00 to $330.00 and gave the company an “overweight” rating in a report on Tuesday, July 8th. Arete Research raised Broadcom to a “strong-buy” rating in a report on Monday, July 28th. Finally, Barclays increased their price objective on Broadcom from $215.00 to $265.00 and gave the company an “overweight” rating in a report on Monday, June 9th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $298.67.

Broadcom Stock Performance

Shares of NASDAQ AVGO opened at $294.00 on Friday. 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 firm has a market cap of $1.38 trillion, a price-to-earnings ratio of 110.11, a P/E/G ratio of 2.09 and a beta of 1.15. The business’s 50-day simple moving average is $282.85 and its 200-day simple moving average is $232.34. Broadcom Inc. has a 52 week low of $134.90 and a 52 week high of $317.35.

Broadcom (NASDAQ:AVGO) last released its earnings results on Thursday, June 5th. The semiconductor manufacturer reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.01. The firm had revenue of $15 billion for the quarter, compared to analyst estimates of $14.98 billion. Broadcom had a return on equity of 35.49% and a net margin of 22.64%.The company’s revenue was up 20.2% on a year-over-year basis. During the same quarter last year, the firm posted $10.96 EPS. Broadcom has set its Q3 2025 guidance at EPS. As a group, equities research analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

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

Insider Transactions at Broadcom

In other Broadcom news, CEO Hock E. Tan sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $268.29, for a total value of $10,731,600.00. Following the sale, the chief executive officer owned 482,836 shares of the company’s stock, valued at $129,540,070.44. This trade represents a 7.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Henry Samueli sold 473,898 shares of the firm’s stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $265.33, for a total value of $125,739,356.34. Following the completion of the sale, the director directly owned 38,188,575 shares in the company, valued at $10,132,574,604.75. This trade represents a 1.23% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 830,516 shares of company stock worth $217,286,457. Insiders own 2.00% of the company’s stock.

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.