Global Strategic Investment Solutions LLC Has $936,000 Stock Position in Broadcom Inc. $AVGO

Global Strategic Investment Solutions LLC raised its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 2.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,396 shares of the semiconductor manufacturer’s stock after purchasing an additional 89 shares during the period. Global Strategic Investment Solutions LLC’s holdings in Broadcom were worth $936,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Fortitude Advisory Group L.L.C. raised its position in Broadcom by 2.7% during the second quarter. Fortitude Advisory Group L.L.C. now owns 13,332 shares of the semiconductor manufacturer’s stock valued at $3,675,000 after purchasing an additional 349 shares in the last quarter. IVC Wealth Advisors LLC raised its position in Broadcom by 6.4% during the second quarter. IVC Wealth Advisors LLC now owns 3,673 shares of the semiconductor manufacturer’s stock valued at $1,012,000 after purchasing an additional 221 shares in the last quarter. Beacon Financial Advisory LLC raised its position in Broadcom by 2.0% during the second quarter. Beacon Financial Advisory LLC now owns 4,224 shares of the semiconductor manufacturer’s stock valued at $1,164,000 after purchasing an additional 82 shares in the last quarter. Kickstand Ventures LLC. raised its position in Broadcom by 22.2% during the second quarter. Kickstand Ventures LLC. now owns 2,834 shares of the semiconductor manufacturer’s stock valued at $781,000 after purchasing an additional 515 shares in the last quarter. Finally, Simplicity Wealth LLC raised its position in Broadcom by 105.4% during the second quarter. Simplicity Wealth LLC now owns 44,250 shares of the semiconductor manufacturer’s stock valued at $12,197,000 after purchasing an additional 22,710 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AVGO has been the subject of several research analyst reports. Hsbc Global Res upgraded shares of Broadcom from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 24th. KeyCorp reiterated an “overweight” rating and issued a $420.00 price target (up from $400.00) on shares of Broadcom in a research note on Tuesday, September 30th. JPMorgan Chase & Co. increased their price target on Broadcom from $325.00 to $400.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. Truist Financial increased their price target on Broadcom from $295.00 to $365.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Finally, Piper Sandler increased their price target on Broadcom from $315.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $357.22.

Broadcom Stock Performance

Shares of Broadcom stock opened at $324.63 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. The business has a 50-day moving average price of $322.64 and a two-hundred day moving average price of $262.37. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $374.23. The company has a market cap of $1.53 trillion, a P/E ratio of 82.81, a PEG ratio of 1.91 and a beta of 1.20.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.03. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The firm 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. The business’s revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. As a group, analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

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

Insider Activity

In other news, insider Mark David Brazeal sold 16,558 shares of the stock in a transaction dated 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 transaction, the insider owned 329,302 shares of the company’s stock, valued at $114,468,668.22. This represents a 4.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Hock E. Tan sold 100,000 shares of the stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $339.58, for a total transaction of $33,958,000.00. Following the transaction, the chief executive officer directly owned 725,638 shares in the company, valued at $246,412,152.04. This trade represents a 12.11% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 3,550 shares of company stock worth $1,227,869 and sold 666,071 shares worth $225,623,008. 2.00% of the stock is currently owned by insiders.

About Broadcom

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.