1,108 Shares in Broadcom Inc. $AVGO Acquired by Hobbs Group Advisors LLC

Hobbs Group Advisors LLC purchased a new position in Broadcom Inc. (NASDAQ:AVGO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,108 shares of the semiconductor manufacturer’s stock, valued at approximately $305,000.

Other institutional investors have also recently made changes to their positions in the company. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Broadcom in the 1st quarter worth $25,000. Cheviot Value Management LLC bought a new position in shares of Broadcom in the 1st quarter worth $25,000. Inlight Wealth Management LLC bought a new position in shares of Broadcom in the 1st quarter worth $26,000. Sawyer & Company Inc increased its holdings in shares of Broadcom by 62.1% in the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 36 shares during the last quarter. Finally, Legend Financial Advisors Inc. bought a new position in shares of Broadcom in the 2nd quarter worth $28,000. Institutional investors own 76.43% of the company’s stock.

Insider Transactions at Broadcom

In other news, insider Mark David Brazeal sold 16,558 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total value of $5,755,726.38. Following the completion of the sale, the insider directly owned 329,302 shares of the company’s stock, valued at approximately $114,468,668.22. This trade represents a 4.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Hock E. Tan sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $339.58, for a total transaction of $33,958,000.00. Following the completion of the sale, the chief executive officer directly owned 725,638 shares of the company’s stock, valued at approximately $246,412,152.04. This represents a 12.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders bought 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,464,248. 2.00% of the stock is currently owned by company insiders.

Broadcom Price Performance

Shares of Broadcom stock opened at $349.33 on Friday. The firm has a market cap of $1.65 trillion, a PE ratio of 89.11, a price-to-earnings-growth ratio of 1.99 and a beta of 1.20. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $374.23. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. The company’s fifty day simple moving average is $327.73 and its two-hundred day simple moving average is $268.57.

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, topping analysts’ consensus estimates of $1.66 by $0.03. The business 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 quarter last year, the firm earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities analysts expect that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on AVGO shares. JPMorgan Chase & Co. increased their target price on shares of Broadcom from $325.00 to $400.00 and gave the company an “overweight” rating in a report on Friday, September 5th. Truist Financial increased their target price on shares of Broadcom from $295.00 to $365.00 and gave the company a “buy” rating in a report on Friday, September 5th. Wall Street Zen raised shares of Broadcom from a “hold” rating to a “buy” rating in a report on Saturday, September 6th. Arete Research raised shares of Broadcom to a “strong-buy” rating in a report on Monday, July 28th. Finally, Macquarie started coverage on shares of Broadcom in a report on Monday, September 15th. They set an “outperform” rating and a $420.00 target price on the stock. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $372.33.

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.