Trinity Financial Advisors LLC Purchases Shares of 11,271 Broadcom Inc. $AVGO

Trinity Financial Advisors LLC purchased a new stake in Broadcom Inc. (NASDAQ:AVGO) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 11,271 shares of the semiconductor manufacturer’s stock, valued at approximately $3,107,000. Broadcom makes up about 1.0% of Trinity Financial Advisors LLC’s holdings, making the stock its 25th biggest position.

Other institutional investors have also recently bought and sold shares of the company. Waddell & Associates LLC lifted its position in shares of Broadcom by 2.1% in the first quarter. Waddell & Associates LLC now owns 2,091 shares of the semiconductor manufacturer’s stock worth $350,000 after purchasing an additional 43 shares in the last quarter. Challenger Wealth Management lifted its position in shares of Broadcom by 1.3% in the first quarter. Challenger Wealth Management now owns 3,504 shares of the semiconductor manufacturer’s stock worth $587,000 after purchasing an additional 45 shares in the last quarter. True Wealth Design LLC lifted its position in shares of Broadcom by 7.2% in the fourth quarter. True Wealth Design LLC now owns 712 shares of the semiconductor manufacturer’s stock worth $165,000 after purchasing an additional 48 shares in the last quarter. Wescott Financial Advisory Group LLC raised its position in Broadcom by 3.8% during the first quarter. Wescott Financial Advisory Group LLC now owns 1,326 shares of the semiconductor manufacturer’s stock worth $222,000 after acquiring an additional 48 shares in the last quarter. Finally, Martingale Asset Management L P raised its position in Broadcom by 1.3% during the first quarter. Martingale Asset Management L P now owns 3,876 shares of the semiconductor manufacturer’s stock worth $649,000 after acquiring an additional 48 shares in the last quarter. Institutional investors own 76.43% of the company’s stock.

Broadcom Price Performance

Shares of AVGO opened at $359.87 on Friday. The firm has a market capitalization of $1.69 trillion, a PE ratio of 91.80, a PEG ratio of 1.99 and a beta of 1.16. The company’s 50-day moving average is $300.31 and its 200-day moving average is $242.19. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $374.23. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.03. The company had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The company’s revenue was up 22.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. Equities analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

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

Insiders Place Their Bets

In related news, CEO Hock E. Tan sold 148,154 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were 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 in the company, valued at approximately $278,088,746.66. This represents a 15.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mark David Brazeal sold 50,000 shares of the company’s stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $253.28, for a total transaction of $12,664,000.00. Following the completion of the transaction, the insider owned 415,956 shares in the company, valued at $105,353,335.68. This trade represents a 10.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders acquired 3,550 shares of company stock valued at $1,227,869 and sold 850,912 shares valued at $234,854,489. 2.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AVGO. JPMorgan Chase & Co. upped their price target on shares of Broadcom from $325.00 to $400.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. Citigroup upped their price target on shares of Broadcom from $315.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Erste Group Bank raised shares of Broadcom from a “hold” rating to a “buy” rating in a research report on Thursday, June 5th. KeyCorp upped their price target on shares of Broadcom from $330.00 to $400.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. Finally, 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 research report on Monday, August 25th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $354.04.

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.