2,361 Shares in Broadcom Inc. $AVGO Acquired by Tuttle Capital Management LLC

Tuttle Capital Management LLC purchased a new position in shares of Broadcom Inc. (NASDAQ:AVGO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,361 shares of the semiconductor manufacturer’s stock, valued at approximately $651,000. Broadcom comprises 2.7% of Tuttle Capital Management LLC’s investment portfolio, making the stock its 18th largest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Ritholtz Wealth Management grew its stake in Broadcom by 4.7% during the second quarter. Ritholtz Wealth Management now owns 85,759 shares of the semiconductor manufacturer’s stock worth $23,639,000 after buying an additional 3,861 shares during the period. Triton Wealth Management PLLC purchased a new stake in Broadcom during the second quarter worth approximately $473,000. Curated Wealth Partners LLC grew its stake in Broadcom by 35.5% during the second quarter. Curated Wealth Partners LLC now owns 5,338 shares of the semiconductor manufacturer’s stock worth $1,471,000 after buying an additional 1,398 shares during the period. Harbour Investments Inc. grew its stake in Broadcom by 4.7% during the second quarter. Harbour Investments Inc. now owns 28,337 shares of the semiconductor manufacturer’s stock worth $7,811,000 after buying an additional 1,280 shares during the period. Finally, Mitchell Mcleod Pugh & Williams Inc. grew its stake in Broadcom by 3.3% during the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 29,651 shares of the semiconductor manufacturer’s stock worth $8,173,000 after buying an additional 948 shares during the period. Institutional investors and hedge funds own 76.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AVGO. Truist Financial boosted their price objective on shares of Broadcom from $295.00 to $365.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Weiss Ratings downgraded shares of Broadcom from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Arete Research upgraded shares of Broadcom to a “strong-buy” rating in a research note on Monday, July 28th. Hsbc Global Res upgraded shares of Broadcom from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 24th. Finally, Mizuho set a $435.00 target price on shares of Broadcom and gave the company an “outperform” rating in a research note on Tuesday. Three investment 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. According to data from MarketBeat.com, Broadcom presently has an average rating of “Buy” and a consensus price target of $372.52.

Insider Activity

In other Broadcom news, Director Henry Samueli sold 368,797 shares of the stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the transaction, the director directly owned 37,722,534 shares in the company, valued at $12,746,821,463.94. This represents a 0.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Kirsten M. Spears sold 7,498 shares of the stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.66, for a total transaction of $2,606,754.68. Following the transaction, the chief financial officer owned 313,330 shares in the company, 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. Over the last ninety days, insiders purchased 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 owned by insiders.

Broadcom Trading Down 1.9%

NASDAQ AVGO opened at $342.66 on Wednesday. Broadcom Inc. has a 12 month low of $138.10 and a 12 month 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. The company has a market capitalization of $1.62 trillion, a price-to-earnings ratio of 87.41, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20. The company’s fifty day moving average price is $329.23 and its two-hundred day moving average price is $271.96.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $15.82 billion. During the same period in the prior year, the firm posted $1.24 EPS. The firm’s revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. As a group, research analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were paid a dividend of $0.59 per share. 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 is 60.20%.

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.