Fusion Capital LLC Makes New $302,000 Investment in Broadcom Inc. $AVGO

Fusion Capital LLC purchased a new stake in Broadcom Inc. (NASDAQ:AVGO) in the second quarter, HoldingsChannel reports. The firm purchased 1,095 shares of the semiconductor manufacturer’s stock, valued at approximately $302,000.

Other hedge funds have also modified their holdings of the company. CWS Financial Advisors LLC bought a new position in Broadcom during the 2nd quarter worth approximately $227,000. New England Capital Financial Advisors LLC acquired a new stake in Broadcom in the second quarter worth $31,000. WealthShield Partners LLC boosted its position in shares of Broadcom by 4.1% during the second quarter. WealthShield Partners LLC now owns 19,481 shares of the semiconductor manufacturer’s stock worth $5,370,000 after purchasing an additional 761 shares in the last quarter. Pinnbrook Capital Management LP acquired a new position in shares of Broadcom in the 2nd quarter valued at $4,361,000. Finally, OmniStar Financial Group Inc. grew its holdings in shares of Broadcom by 3.6% in the 2nd quarter. OmniStar Financial Group Inc. now owns 4,545 shares of the semiconductor manufacturer’s stock valued at $1,253,000 after buying an additional 156 shares during the period. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the company. TD Cowen raised their price objective on Broadcom from $355.00 to $370.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Oppenheimer reaffirmed an “outperform” rating and set a $360.00 price target (up previously from $325.00) on shares of Broadcom in a research report on Friday, September 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Broadcom in a report on Thursday. Wall Street Zen raised Broadcom from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Evercore ISI lifted their price target on shares of Broadcom from $342.00 to $403.00 and gave the company an “outperform” rating in a research note on Wednesday, October 15th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Broadcom currently has an average rating of “Buy” and a consensus target price of $372.52.

Insiders Place Their Bets

In related news, CEO Hock E. Tan sold 148,154 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $336.67, for a total transaction of $49,879,007.18. Following the transaction, the chief executive officer directly owned 825,998 shares of the company’s stock, valued at approximately $278,088,746.66. This trade represents a 15.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kirsten M. Spears sold 7,498 shares of the business’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.66, for a total transaction of $2,606,754.68. Following the completion of the sale, the chief financial officer directly owned 313,330 shares of the company’s stock, valued at $108,932,307.80. This represents a 2.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders acquired 3,550 shares of company stock valued at $1,227,869 and sold 664,471 shares valued at $225,218,280. 2.00% of the stock is currently owned by insiders.

Broadcom Price Performance

Shares of AVGO opened at $342.65 on Tuesday. The company has a market cap of $1.62 trillion, a price-to-earnings ratio of 87.41, a PEG ratio of 1.37 and a beta of 1.19. The company’s fifty day simple moving average is $349.03 and its 200 day simple moving average is $297.23. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $386.48. 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 issued its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, beating 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 business had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.82 billion. During the same period last year, the business posted $1.24 EPS. Broadcom’s revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. On average, research analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

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