Strategic Financial Services Inc. Purchases Shares of 1,684 Broadcom Inc. $AVGO

Strategic Financial Services Inc. purchased a new stake in shares of Broadcom Inc. (NASDAQ:AVGO) during the second quarter, HoldingsChannel reports. The institutional investor purchased 1,684 shares of the semiconductor manufacturer’s stock, valued at approximately $464,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Sawyer & Company Inc lifted its position in Broadcom by 62.1% during the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 36 shares in the last quarter. PFS Partners LLC lifted its position in Broadcom by 38.4% during the second quarter. PFS Partners LLC now owns 137 shares of the semiconductor manufacturer’s stock valued at $38,000 after buying an additional 38 shares in the last quarter. Costello Asset Management INC lifted its position in Broadcom by 1.5% during the second quarter. Costello Asset Management INC now owns 2,528 shares of the semiconductor manufacturer’s stock valued at $697,000 after buying an additional 38 shares in the last quarter. Waddell & Associates LLC lifted its position in shares of Broadcom by 2.1% during 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. Finally, Luts & Greenleigh Group Inc. lifted its position in shares of Broadcom by 1.3% during the second quarter. Luts & Greenleigh Group Inc. now owns 3,405 shares of the semiconductor manufacturer’s stock worth $939,000 after purchasing an additional 44 shares in the last quarter. 76.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AVGO has been the topic of a number of recent research reports. Rosenblatt Securities boosted their target price on shares of Broadcom from $340.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Morgan Stanley set a $409.00 target price on shares of Broadcom and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Oppenheimer reissued an “outperform” rating and set a $360.00 target price (up from $325.00) on shares of Broadcom in a research report on Friday, September 5th. Wells Fargo & Company boosted their target price on shares of Broadcom from $255.00 to $345.00 and gave the stock an “equal weight” rating in a research report on Friday, September 5th. Finally, Citigroup reissued a “buy” rating and set a $415.00 target price (up from $350.00) on shares of Broadcom in a research report on Tuesday, October 14th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $372.52.

Broadcom Stock Down 1.8%

AVGO stock opened at $369.63 on Monday. 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 Inc. has a 1-year low of $138.10 and a 1-year high of $386.48. The firm has a fifty day moving average price of $339.31 and a two-hundred day moving average price of $284.12. The firm has a market cap of $1.75 trillion, a price-to-earnings ratio of 94.29, a PEG ratio of 2.08 and a beta of 1.19.

Broadcom (NASDAQ:AVGO) last released its earnings results 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. 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 analyst estimates of $15.82 billion. During the same quarter in the previous year, the firm earned $1.24 earnings per share. The firm’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. Research analysts predict that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

The firm also recently announced 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. The ex-dividend date was Monday, September 22nd. This represents a $2.36 annualized dividend and a yield of 0.6%. Broadcom’s payout ratio is presently 60.20%.

Insider Activity

In other news, Director Justine Page sold 800 shares of the company’s stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $350.15, for a total transaction of $280,120.00. Following the completion of the transaction, the director owned 22,182 shares in the company, valued at approximately $7,767,027.30. This represents a 3.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Henry Samueli sold 368,797 shares of the company’s stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the transaction, the director owned 37,722,534 shares of the company’s stock, valued at $12,746,821,463.94. This represents a 0.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have purchased 3,550 shares of company stock valued at $1,227,869 and have sold 665,271 shares valued at $225,464,248. 2.00% of the stock is currently owned by company insiders.

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.