Martin Investment Management LLC Makes New Investment in Broadcom Inc. $AVGO

Martin Investment Management LLC purchased a new position in shares of Broadcom Inc. (NASDAQ:AVGO) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 800 shares of the semiconductor manufacturer’s stock, valued at approximately $221,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cheviot Value Management LLC acquired a new stake in Broadcom in the 1st quarter valued at $25,000. Sawyer & Company Inc lifted its stake in shares of Broadcom by 62.1% in the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 36 shares in the last quarter. Legend Financial Advisors Inc. bought a new position in shares of Broadcom in the second quarter valued at $28,000. LGT Financial Advisors LLC acquired a new position in shares of Broadcom during the second quarter valued at about $31,000. Finally, Greenline Partners LLC acquired a new position in shares of Broadcom during the first quarter valued at about $33,000. Institutional investors own 76.43% of the company’s stock.

Broadcom Stock Performance

AVGO stock opened at $355.22 on Thursday. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. The firm has a market cap of $1.68 trillion, a PE ratio of 90.62, a P/E/G ratio of 1.42 and a beta of 1.19. The business has a 50 day moving average of $348.26 and a 200-day moving average of $293.39. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $386.48.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS 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 business had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. During the same period last year, the company posted $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, sell-side analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis 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%.

Analyst Ratings Changes

A number of research firms recently weighed in on AVGO. Wells Fargo & Company upped their target price on shares of Broadcom from $255.00 to $345.00 and gave the stock an “equal weight” rating in a report on Friday, September 5th. TD Cowen boosted their price objective on Broadcom from $355.00 to $370.00 and gave the stock a “buy” rating in a report on Friday, September 5th. JPMorgan Chase & Co. raised their target price on Broadcom from $325.00 to $400.00 and gave the company an “overweight” rating in a report on Friday, September 5th. KeyCorp set a $460.00 price target on Broadcom in a report on Monday, October 13th. Finally, Argus increased their price target on Broadcom from $285.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, September 8th. 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 company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $372.52.

Insider Buying and Selling

In related news, CFO Kirsten M. Spears sold 7,498 shares of the 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 transaction, the chief financial officer owned 313,330 shares in the company, valued at approximately $108,932,307.80. This represents a 2.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark David Brazeal sold 16,558 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the sale, the insider owned 329,302 shares of the company’s stock, valued at $114,468,668.22. This trade represents a 4.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders bought 3,550 shares of company stock worth $1,227,869 and sold 664,471 shares worth $225,218,280. Corporate insiders own 2.00% of the company’s stock.

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.