Savant Capital LLC Acquires 18,914 Shares of Broadcom Inc. $AVGO

Savant Capital LLC boosted its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 21.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,190 shares of the semiconductor manufacturer’s stock after purchasing an additional 18,914 shares during the period. Savant Capital LLC’s holdings in Broadcom were worth $29,271,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mcrae Capital Management Inc. acquired a new stake in Broadcom during the second quarter worth approximately $276,000. Valtinson Bruner Financial Planning LLC bought a new position in shares of Broadcom in the 2nd quarter valued at $224,000. Headland Capital LLC acquired a new position in Broadcom during the 2nd quarter worth approximately $337,000. OneAscent Family Office LLC lifted its stake in shares of Broadcom by 2.4% in the 2nd quarter. OneAscent Family Office LLC now owns 4,945 shares of the semiconductor manufacturer’s stock valued at $1,363,000 after acquiring an additional 116 shares during the last quarter. Finally, Twin Capital Management Inc. raised its stake in shares of Broadcom by 0.9% during the second quarter. Twin Capital Management Inc. now owns 102,876 shares of the semiconductor manufacturer’s stock valued at $28,358,000 after acquiring an additional 869 shares during the last quarter. 76.43% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, 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 completion of the sale, the insider directly owned 329,302 shares in the company, valued at approximately $114,468,668.22. The trade was a 4.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Charlie B. Kawwas sold 3,893 shares of the business’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the sale, the insider directly owned 25,295 shares of the company’s stock, valued at approximately $8,798,106.90. The trade was a 13.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have purchased 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,464,248. Company insiders own 2.00% of the company’s stock.

Broadcom Price Performance

AVGO opened at $358.39 on Tuesday. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $386.48. The company has a market cap of $1.69 trillion, a price-to-earnings ratio of 91.43, a price-to-earnings-growth ratio of 1.41 and a beta of 1.19. The stock has a fifty day simple moving average of $346.13 and a two-hundred day simple moving average of $291.83. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86.

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. Research analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were issued a $0.59 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.36 annualized dividend and a yield of 0.7%. Broadcom’s dividend payout ratio (DPR) is currently 60.20%.

Analyst Upgrades and Downgrades

AVGO has been the topic of a number of research reports. Morgan Stanley set a $409.00 target price on shares of Broadcom and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Macquarie initiated coverage on Broadcom in a research report on Monday, September 15th. They set an “outperform” rating and a $420.00 price target for the company. Benchmark boosted their target price on shares of Broadcom from $315.00 to $385.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Arete Research raised shares of Broadcom to a “strong-buy” rating in a report on Monday, July 28th. Finally, Argus raised their price target on Broadcom from $285.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, September 8th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Broadcom has an average rating of “Buy” and an average price target of $372.52.

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.