Picton Mahoney Asset Management Purchases 3,932 Shares of Broadcom Inc. $AVGO

Picton Mahoney Asset Management increased its position in Broadcom Inc. (NASDAQ:AVGO) by 1.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 206,046 shares of the semiconductor manufacturer’s stock after buying an additional 3,932 shares during the quarter. Picton Mahoney Asset Management’s holdings in Broadcom were worth $56,794,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Longfellow Investment Management Co. LLC bought a new stake in shares of Broadcom in the 2nd quarter worth approximately $27,000. Jefferies Financial Group Inc. boosted its position in Broadcom by 1,118.2% during the second quarter. Jefferies Financial Group Inc. now owns 182,378 shares of the semiconductor manufacturer’s stock valued at $50,272,000 after buying an additional 167,407 shares during the period. TCP Asset Management LLC bought a new position in shares of Broadcom during the second quarter valued at about $337,000. Waterloo Capital L.P. increased its holdings in shares of Broadcom by 7.0% in the second quarter. Waterloo Capital L.P. now owns 48,361 shares of the semiconductor manufacturer’s stock worth $13,331,000 after buying an additional 3,180 shares during the period. Finally, Walled Lake Planning & Wealth Management LLC increased its stake in Broadcom by 166.8% in the 2nd quarter. Walled Lake Planning & Wealth Management LLC now owns 3,682 shares of the semiconductor manufacturer’s stock worth $1,015,000 after purchasing an additional 2,302 shares during the period. 76.43% of the stock is currently owned by institutional investors.

Insider Activity at Broadcom

In related news, insider Charlie B. Kawwas sold 3,893 shares of Broadcom stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total value of $1,354,063.26. Following the completion of the sale, the insider directly owned 25,295 shares in the company, valued at approximately $8,798,106.90. This trade represents a 13.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark David Brazeal sold 16,558 shares of the business’s stock in a transaction that occurred on 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 directly owned 329,302 shares of the company’s stock, valued at $114,468,668.22. The trade was a 4.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have purchased 3,550 shares of company stock valued at $1,227,869 and have sold 665,271 shares valued at $225,483,192. 2.00% of the stock is currently owned by insiders.

Broadcom Stock Down 1.9%

Shares of Broadcom stock opened at $340.20 on Monday. 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 company has a 50-day moving average of $348.15 and a 200 day moving average of $301.26. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $386.48. The firm has a market cap of $1.61 trillion, a price-to-earnings ratio of 86.79, a PEG ratio of 1.16 and a beta of 1.19.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.03. The business had revenue of $15.95 billion during the quarter, compared to analysts’ expectations of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The firm’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. As a group, sell-side analysts anticipate 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. Investors of record on Monday, September 22nd were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. Broadcom’s dividend payout ratio (DPR) is 60.20%.

Analyst Ratings Changes

AVGO has been the topic of several analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $340.00 target price on shares of Broadcom in a research note on Wednesday, August 13th. Wall Street Zen cut Broadcom from a “buy” rating to a “hold” rating in a research note on Sunday. Oppenheimer restated an “outperform” rating and set a $360.00 price target (up previously from $325.00) on shares of Broadcom in a report on Friday, September 5th. Morgan Stanley set a $409.00 price objective on Broadcom and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Finally, Bank of America boosted their target price on Broadcom from $300.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Three analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $374.21.

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.