Canopy Partners LLC Acquires 510 Shares of Broadcom Inc. $AVGO

Canopy Partners LLC lifted its position in Broadcom Inc. (NASDAQ:AVGO) by 7.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,340 shares of the semiconductor manufacturer’s stock after purchasing an additional 510 shares during the period. Canopy Partners LLC’s holdings in Broadcom were worth $2,023,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of AVGO. Brighton Jones LLC boosted its holdings in shares of Broadcom by 21.8% in 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 boosted its holdings in shares of Broadcom by 10.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock valued at $1,854,000 after purchasing an additional 756 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Broadcom by 9.2% in the first quarter. GAMMA Investing LLC now owns 103,184 shares of the semiconductor manufacturer’s stock valued at $17,276,000 after purchasing an additional 8,672 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Broadcom by 1,023.7% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 252,450 shares of the semiconductor manufacturer’s stock valued at $42,267,000 after purchasing an additional 229,985 shares during the period. Finally, Grant Private Wealth Management Inc boosted its holdings in shares of Broadcom by 5.8% in the first quarter. Grant Private Wealth Management Inc now owns 8,529 shares of the semiconductor manufacturer’s stock valued at $1,418,000 after purchasing an additional 467 shares during the period. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom Stock Performance

Shares of AVGO opened at $324.63 on Monday. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $374.23. The stock has a fifty day moving average price of $322.64 and a 200-day moving average price of $263.58. 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 firm has a market cap of $1.53 trillion, a PE ratio of 82.81, a P/E/G ratio of 1.80 and a beta of 1.20.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating the consensus estimate of $1.66 by $0.03. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.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 prior year, the business posted $1.24 EPS. The business’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. Equities research analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, September 22nd. Broadcom’s dividend payout ratio is currently 60.20%.

Insider Activity

In other news, Director Henry Samueli sold 368,797 shares of the stock in a transaction on 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 completion of the sale, the director owned 37,722,534 shares in the company, valued at approximately $12,746,821,463.94. This represents a 0.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mark David Brazeal sold 16,558 shares of the stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total value of $5,755,726.38. Following the sale, the insider owned 329,302 shares of the company’s stock, valued at approximately $114,468,668.22. This represents a 4.79% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 3,550 shares of company stock worth $1,227,869 and have sold 664,471 shares worth $225,184,128. 2.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on AVGO shares. Rosenblatt Securities boosted their price target on Broadcom from $340.00 to $400.00 and gave the company a “buy” rating in a report on Friday, September 5th. Benchmark upped their target price on Broadcom from $315.00 to $385.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Sanford C. Bernstein upped their target price on Broadcom from $295.00 to $400.00 and gave the stock an “outperform” rating in a report on Friday, September 5th. Hsbc Global Res upgraded Broadcom from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 24th. Finally, Bank of America upped their target price on Broadcom from $300.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $357.22.

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.