Symphony Financial Ltd. Co. Has $141.53 Million Stake in Broadcom Inc. $AVGO

Symphony Financial Ltd. Co. raised its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 4,307.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 514,371 shares of the semiconductor manufacturer’s stock after purchasing an additional 502,701 shares during the quarter. Broadcom accounts for about 0.7% of Symphony Financial Ltd. Co.’s investment portfolio, making the stock its 20th biggest position. Symphony Financial Ltd. Co.’s holdings in Broadcom were worth $141,526,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Generali Investments Management Co LLC grew its position in Broadcom by 37.8% during the second quarter. Generali Investments Management Co LLC now owns 47,189 shares of the semiconductor manufacturer’s stock worth $12,990,000 after buying an additional 12,952 shares in the last quarter. Y.D. More Investments Ltd lifted its position in shares of Broadcom by 57.9% in the 2nd quarter. Y.D. More Investments Ltd now owns 15,332 shares of the semiconductor manufacturer’s stock worth $4,224,000 after acquiring an additional 5,622 shares during the period. Foundation Wealth Management LLC PA bought a new stake in shares of Broadcom in the 2nd quarter worth approximately $210,000. Westpac Banking Corp grew its holdings in shares of Broadcom by 8.2% during the 2nd quarter. Westpac Banking Corp now owns 110,016 shares of the semiconductor manufacturer’s stock worth $30,326,000 after purchasing an additional 8,357 shares in the last quarter. Finally, Integrated Quantitative Investments LLC bought a new stake in shares of Broadcom during the second quarter valued at approximately $582,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Insider Buying and Selling

In other news, CEO Hock E. Tan sold 148,154 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $336.67, for a total transaction of $49,879,007.18. Following the sale, the chief executive officer owned 825,998 shares in the company, valued at approximately $278,088,746.66. This represents a 15.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Charlie B. Kawwas sold 3,893 shares of the firm’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total value of $1,354,063.26. Following the completion of the sale, the insider owned 25,295 shares of the company’s stock, valued at approximately $8,798,106.90. This trade represents a 13.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In 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 $225,483,192. Company insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on AVGO. JPMorgan Chase & Co. upped their target price on Broadcom from $325.00 to $400.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. Truist Financial boosted their price target on shares of Broadcom from $295.00 to $365.00 and gave the company a “buy” rating in a report on Friday, September 5th. TD Cowen raised their price objective on shares of Broadcom from $355.00 to $370.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Evercore ISI lifted their target price on shares of Broadcom from $342.00 to $403.00 and gave the company an “outperform” rating in a research report on Wednesday, October 15th. Finally, Piper Sandler upped their target price on shares of Broadcom from $315.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $372.52.

Broadcom Price Performance

Shares of Broadcom stock opened at $340.50 on Wednesday. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $1.61 trillion, a price-to-earnings ratio of 86.86, a P/E/G ratio of 1.37 and a beta of 1.19. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $386.48. The firm’s 50-day moving average price is $349.10 and its two-hundred day moving average price is $298.19.

Broadcom (NASDAQ:AVGO) last posted its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.03. The company had revenue of $15.95 billion during the quarter, compared to analysts’ expectations of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. Broadcom’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. On average, equities analysts predict 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. Shareholders of record on Monday, September 22nd were given a $0.59 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.36 annualized dividend and a yield of 0.7%. Broadcom’s payout ratio is presently 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.