Hill Island Financial LLC Raises Holdings in Broadcom Inc. $AVGO

Hill Island Financial LLC increased its position in Broadcom Inc. (NASDAQ:AVGO) by 47.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,840 shares of the semiconductor manufacturer’s stock after buying an additional 1,241 shares during the quarter. Broadcom comprises about 0.3% of Hill Island Financial LLC’s investment portfolio, making the stock its 29th biggest position. Hill Island Financial LLC’s holdings in Broadcom were worth $1,058,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Broadcom in the 1st quarter worth $25,000. Cheviot Value Management LLC purchased a new position in Broadcom in the first quarter valued at about $25,000. Inlight Wealth Management LLC purchased a new position in Broadcom in the first quarter valued at about $26,000. Sawyer & Company Inc raised its position in 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 purchasing an additional 36 shares during the period. Finally, Legend Financial Advisors Inc. purchased a new position in Broadcom in the second quarter valued at about $28,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on AVGO shares. Evercore ISI reissued an “outperform” rating and issued a $342.00 price objective (up from $304.00) on shares of Broadcom in a research report on Thursday, September 4th. Oppenheimer reissued an “outperform” rating and issued a $360.00 price objective (up from $325.00) on shares of Broadcom in a research report on Friday, September 5th. UBS Group raised their price objective on Broadcom from $290.00 to $345.00 and gave the company a “buy” rating in a research report on Monday, August 25th. Hsbc Global Res raised Broadcom from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 24th. Finally, Bank of America raised their price objective on Broadcom from $300.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $357.22.

Insiders Place Their Bets

In related news, Director Henry Samueli sold 368,797 shares of Broadcom stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total value of $124,620,194.27. Following the completion of the transaction, the director directly owned 37,722,534 shares in the company, valued at approximately $12,746,821,463.94. This trade represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kirsten M. Spears sold 7,498 shares of Broadcom stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total value of $2,606,754.68. Following the completion of the transaction, the chief financial officer owned 313,330 shares of the company’s stock, valued at $108,932,307.80. This trade represents a 2.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 3,550 shares of company stock valued at $1,227,869 and sold 666,071 shares valued at $225,623,008. 2.00% of the stock is currently owned by company insiders.

Broadcom Stock Down 0.1%

Shares of NASDAQ AVGO opened at $345.02 on Friday. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $374.23. The firm has a market cap of $1.63 trillion, a price-to-earnings ratio of 88.02, a PEG ratio of 1.91 and a beta of 1.20. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. The stock’s 50-day simple moving average is $321.92 and its 200-day simple moving average is $261.43.

Broadcom (NASDAQ:AVGO) last announced its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (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 in the previous year, the company earned $1.24 earnings per share. The company’s revenue for the quarter was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities 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 paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Monday, September 22nd. Broadcom’s dividend payout ratio (DPR) is 60.20%.

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.