Fusion Capital LLC Invests $302,000 in Broadcom Inc. $AVGO

Fusion Capital LLC bought a new stake in Broadcom Inc. (NASDAQ:AVGO) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,095 shares of the semiconductor manufacturer’s stock, valued at approximately $302,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of Broadcom by 21.8% during the fourth quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock valued at $6,882,000 after purchasing an additional 5,322 shares during the period. Revolve Wealth Partners LLC increased its holdings in Broadcom by 10.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock valued at $1,854,000 after buying an additional 756 shares during the period. OneAscent Financial Services LLC increased its holdings in Broadcom by 60.6% in the 1st quarter. OneAscent Financial Services LLC now owns 5,204 shares of the semiconductor manufacturer’s stock valued at $873,000 after buying an additional 1,964 shares during the period. WNY Asset Management LLC raised its stake in shares of Broadcom by 35.9% in the 1st quarter. WNY Asset Management LLC now owns 2,053 shares of the semiconductor manufacturer’s stock valued at $344,000 after buying an additional 542 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC lifted its holdings in shares of Broadcom by 19.2% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 615 shares of the semiconductor manufacturer’s stock worth $103,000 after acquiring an additional 99 shares during the period. 76.43% of the stock is currently owned by institutional investors.

Broadcom Stock Performance

Shares of Broadcom stock opened at $342.65 on Tuesday. 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 firm has a market cap of $1.62 trillion, a P/E ratio of 87.41, a P/E/G ratio of 1.37 and a beta of 1.19. The firm has a 50 day simple moving average of $349.03 and a 200 day simple moving average of $297.23. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $386.48.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.03. The firm had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The business’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Sell-side analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were given a $0.59 dividend. 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 (DPR) is presently 60.20%.

Insider Activity

In other Broadcom news, insider Charlie B. Kawwas sold 3,893 shares of the company’s 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 transaction, the insider directly owned 25,295 shares in the company, valued at approximately $8,798,106.90. This represents a 13.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Justine Page sold 800 shares of the firm’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 directly owned 22,182 shares in the company, valued at $7,767,027.30. This trade represents a 3.48% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders purchased 3,550 shares of company stock worth $1,227,869 and sold 664,471 shares worth $225,218,280. 2.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

AVGO has been the topic of a number of analyst reports. Barclays set a $450.00 target price on shares of Broadcom and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Mizuho set a $435.00 target price on Broadcom and gave the stock an “outperform” rating in a research report on Tuesday, October 21st. Arete Research raised Broadcom to a “strong-buy” rating in a research note on Monday, July 28th. UBS Group set a $415.00 price objective on Broadcom and gave the stock a “buy” rating in a research note on Tuesday, October 14th. Finally, Piper Sandler lifted their price objective on Broadcom from $315.00 to $375.00 and gave the company an “overweight” rating in a report 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 has a consensus rating of “Buy” and an average target price of $372.52.

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.