Hoese & Co LLP Increases Stock Holdings in Broadcom Inc. $AVGO

Hoese & Co LLP raised its stake in Broadcom Inc. (NASDAQ:AVGO) by 142.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 170 shares of the semiconductor manufacturer’s stock after purchasing an additional 100 shares during the period. Hoese & Co LLP’s holdings in Broadcom were worth $47,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Sawyer & Company Inc grew its position in shares of Broadcom by 62.1% during the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 36 shares during the last quarter. Legend Financial Advisors Inc. purchased a new position in shares of Broadcom during the second quarter worth approximately $28,000. Maseco LLP purchased a new position in shares of Broadcom during the second quarter worth approximately $34,000. PFS Partners LLC grew its position in shares of Broadcom by 38.4% during the second quarter. PFS Partners LLC now owns 137 shares of the semiconductor manufacturer’s stock worth $38,000 after acquiring an additional 38 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Broadcom during the first quarter worth approximately $25,000. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Broadcom

In other news, insider Charlie B. Kawwas sold 3,893 shares of Broadcom 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 completion of the transaction, the insider owned 25,295 shares of the company’s stock, valued at $8,798,106.90. The trade was a 13.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Hock E. Tan sold 148,154 shares of Broadcom stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $336.67, for a total value of $49,879,007.18. Following the transaction, the chief executive officer directly owned 825,998 shares of the company’s stock, valued at $278,088,746.66. This trade represents a 15.21% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,464,248. Corporate insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

AVGO has been the topic of a number of research reports. Citigroup restated a “buy” rating and set a $415.00 target price (up from $350.00) on shares of Broadcom in a research report on Tuesday, October 14th. Weiss Ratings lowered shares of Broadcom from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Oppenheimer reiterated an “outperform” rating and issued a $360.00 price objective (up from $325.00) on shares of Broadcom in a research report on Friday, September 5th. Piper Sandler lifted their price objective on shares of Broadcom from $315.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, September 5th. Finally, TD Cowen lifted their price objective on shares of Broadcom from $355.00 to $370.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Three 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $372.52.

Broadcom Price Performance

Broadcom stock opened at $344.29 on Friday. Broadcom Inc. has a one year low of $138.10 and a one year high of $374.23. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. The business has a fifty day moving average of $330.52 and a two-hundred day moving average of $273.74. The company has a market cap of $1.63 trillion, a P/E ratio of 87.83, a price-to-earnings-growth ratio of 1.92 and a beta of 1.20.

Broadcom (NASDAQ:AVGO) last released its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating 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 company had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.82 billion. During the same quarter last year, the company earned $1.24 earnings per share. Broadcom’s quarterly 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 predict that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

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