Continental Investors Services Inc. Invests $234,000 in Broadcom Inc. $AVGO

Continental Investors Services Inc. acquired a new position in shares of Broadcom Inc. (NASDAQ:AVGO) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 849 shares of the semiconductor manufacturer’s stock, valued at approximately $234,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Assetmark Inc. increased its holdings in Broadcom by 2.4% in the 2nd quarter. Assetmark Inc. now owns 1,703,487 shares of the semiconductor manufacturer’s stock valued at $469,566,000 after purchasing an additional 39,466 shares in the last quarter. PARUS FINANCE UK Ltd increased its holdings in Broadcom by 175.3% in the 1st quarter. PARUS FINANCE UK Ltd now owns 100,578 shares of the semiconductor manufacturer’s stock valued at $16,840,000 after purchasing an additional 64,038 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Broadcom by 27.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 64,130 shares of the semiconductor manufacturer’s stock valued at $10,737,000 after purchasing an additional 13,978 shares in the last quarter. Ethic Inc. increased its holdings in Broadcom by 1.6% in the 2nd quarter. Ethic Inc. now owns 329,339 shares of the semiconductor manufacturer’s stock valued at $88,708,000 after purchasing an additional 5,249 shares in the last quarter. Finally, Asio Capital LLC increased its holdings in Broadcom by 2.0% in the 2nd quarter. Asio Capital LLC now owns 54,459 shares of the semiconductor manufacturer’s stock valued at $15,012,000 after purchasing an additional 1,089 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on AVGO shares. Argus upped their price objective on shares of Broadcom from $285.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, September 8th. Mizuho set a $435.00 price objective on shares of Broadcom and gave the company an “outperform” rating in a research report on Tuesday, October 21st. 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. Sanford C. Bernstein upped their price objective on shares of Broadcom from $295.00 to $400.00 and gave the company an “outperform” rating in a research report on Friday, September 5th. Finally, Macquarie started coverage on shares of Broadcom in a research report on Monday, September 15th. They issued an “outperform” rating and a $420.00 price objective for the company. 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 company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $372.52.

Insider Activity

In related news, insider Charlie B. Kawwas sold 3,893 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the sale, the insider owned 25,295 shares in the company, valued at $8,798,106.90. This represents a 13.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Justine Page sold 800 shares of the stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $350.15, for a total transaction of $280,120.00. Following the sale, the director owned 22,182 shares in the company, valued at approximately $7,767,027.30. This trade represents a 3.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have acquired 3,550 shares of company stock valued at $1,227,869 and have sold 665,271 shares valued at $225,464,248. Insiders own 2.00% of the company’s stock.

Broadcom Stock Performance

Shares of AVGO stock opened at $358.98 on Thursday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. Broadcom Inc. has a one year low of $138.10 and a one year high of $386.48. The company’s 50-day simple moving average is $342.93 and its 200-day simple moving average is $287.25. The stock has a market capitalization of $1.70 trillion, a price-to-earnings ratio of 91.58, a PEG ratio of 1.42 and a beta of 1.19.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, topping 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 business had revenue of $15.95 billion for the quarter, compared to analysts’ expectations of $15.82 billion. During the same quarter last year, the company posted $1.24 earnings per share. The company’s quarterly revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. Equities analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors 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 0.7%. Broadcom’s dividend payout ratio is 60.20%.

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.