Greenfield Savings Bank Buys 177 Shares of Broadcom Inc. $AVGO

Greenfield Savings Bank raised its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 4.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 4,585 shares of the semiconductor manufacturer’s stock after buying an additional 177 shares during the period. Greenfield Savings Bank’s holdings in Broadcom were worth $1,264,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Barnes Dennig Private Wealth Management LLC purchased a new position in Broadcom in the first quarter worth $25,000. Cheviot Value Management LLC acquired a new stake in shares of Broadcom in the 1st quarter worth $25,000. Inlight Wealth Management LLC acquired a new stake in shares of Broadcom in the 1st quarter worth $26,000. Sunbeam Capital Management LLC purchased a new position in Broadcom during the 4th quarter worth $28,000. Finally, Vermillion Wealth Management Inc. acquired a new position in Broadcom during the 4th quarter valued at about $30,000. 76.43% of the stock is currently owned by institutional investors.

Broadcom Price Performance

Shares of NASDAQ AVGO opened at $359.87 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. The stock has a market capitalization of $1.69 trillion, a price-to-earnings ratio of 91.80, a PEG ratio of 1.99 and a beta of 1.16. The firm’s 50 day simple moving average is $300.31 and its 200-day simple moving average is $242.19. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $374.23.

Broadcom (NASDAQ:AVGO) last announced 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. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The firm had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $15.82 billion. During the same period in the prior year, the firm posted $1.24 earnings per share. The firm’s quarterly revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. Analysts expect that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 22nd will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, September 22nd. Broadcom’s payout ratio is currently 60.20%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AVGO. Evercore ISI restated an “outperform” rating and set a $342.00 price target (up previously from $304.00) on shares of Broadcom in a research note on Thursday, September 4th. Rosenblatt Securities boosted their target price on shares of Broadcom from $340.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Broadcom from $300.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Mizuho upped their target price on Broadcom from $355.00 to $410.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Argus lifted their price target on Broadcom from $285.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, September 8th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $354.04.

Insider Buying and Selling

In other Broadcom news, Director Henry Samueli sold 473,898 shares of the stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $265.33, for a total transaction of $125,739,356.34. Following the transaction, the director owned 38,188,575 shares in the company, valued at approximately $10,132,574,604.75. This represents a 1.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mark David Brazeal sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $253.28, for a total value of $12,664,000.00. Following the completion of the sale, the insider directly owned 415,956 shares in the company, valued at approximately $105,353,335.68. The trade was a 10.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 3,550 shares of company stock worth $1,227,869 and have sold 850,912 shares worth $234,854,489. 2.00% of the stock is owned by company insiders.

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.