Arvest Investments Inc. Acquires Shares of 5,311 Broadcom Inc. $AVGO

Arvest Investments Inc. acquired a new stake in Broadcom Inc. (NASDAQ:AVGO) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 5,311 shares of the semiconductor manufacturer’s stock, valued at approximately $1,464,000.

A number of other institutional investors have also recently bought and sold shares of the business. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Broadcom during the 1st quarter worth approximately $25,000. Cheviot Value Management LLC bought a new stake in shares of Broadcom during the 1st quarter worth approximately $25,000. Inlight Wealth Management LLC bought a new stake in shares of Broadcom during the 1st quarter worth approximately $26,000. Sunbeam Capital Management LLC bought a new stake in shares of Broadcom during the 4th quarter worth approximately $28,000. Finally, Vermillion Wealth Management Inc. bought a new stake in shares of Broadcom during the 4th quarter worth approximately $30,000. Institutional investors own 76.43% of the company’s stock.

Insider Transactions at Broadcom

In other Broadcom news, Director Henry Samueli sold 473,898 shares of the company’s stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $265.33, for a total value of $125,739,356.34. Following the completion of the transaction, the director directly owned 38,188,575 shares in the company, valued at approximately $10,132,574,604.75. This represents a 1.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Hock E. Tan sold 148,154 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $336.67, for a total transaction of $49,879,007.18. Following the sale, the chief executive officer owned 825,998 shares of the company’s stock, valued at approximately $278,088,746.66. This trade represents a 15.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 3,550 shares of company stock worth $1,227,869 and sold 850,912 shares worth $234,854,489. Insiders own 2.00% of the company’s stock.

Broadcom Trading Up 0.1%

Shares of NASDAQ AVGO opened at $359.87 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $374.23. The firm has a 50 day moving average price of $300.31 and a two-hundred day moving average price of $242.19. The stock has a market cap of $1.69 trillion, a P/E ratio of 91.80, a price-to-earnings-growth ratio of 1.99 and a beta of 1.16.

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, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $15.82 billion. During the same period in the prior year, the company posted $1.24 EPS. The company’s revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AVGO. Deutsche Bank Aktiengesellschaft upped 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. UBS Group upped their price target on shares of Broadcom from $290.00 to $345.00 and gave the stock a “buy” rating in a report on Monday, August 25th. Evercore ISI reissued an “outperform” rating and issued a $342.00 price objective (up previously from $304.00) on shares of Broadcom in a research note on Thursday, September 4th. KeyCorp increased their price objective on shares of Broadcom from $330.00 to $400.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. Finally, Rosenblatt Securities increased their price objective on shares of Broadcom from $340.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $354.04.

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.