Stephens Consulting LLC Boosts Stock Position in Broadcom Inc. $AVGO

Stephens Consulting LLC boosted its position in Broadcom Inc. (NASDAQ:AVGO) by 37.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 261 shares of the semiconductor manufacturer’s stock after purchasing an additional 71 shares during the quarter. Stephens Consulting LLC’s holdings in Broadcom were worth $72,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of AVGO. Nuveen LLC purchased a new position in Broadcom in the first quarter worth $6,649,117,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Broadcom by 37.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer’s stock valued at $10,968,270,000 after purchasing an additional 17,985,046 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Broadcom by 16.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 31,854,414 shares of the semiconductor manufacturer’s stock worth $5,333,384,000 after purchasing an additional 4,550,647 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Broadcom by 36.9% in the 1st quarter. Deutsche Bank AG now owns 15,758,895 shares of the semiconductor manufacturer’s stock worth $2,638,512,000 after purchasing an additional 4,245,345 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in Broadcom by 16.0% during the 1st quarter. Alliancebernstein L.P. now owns 29,513,814 shares of the semiconductor manufacturer’s stock worth $4,941,498,000 after buying an additional 4,077,910 shares during the last quarter. 76.43% of the stock is currently owned by institutional investors.

Broadcom Price Performance

Shares of NASDAQ:AVGO opened at $349.33 on Friday. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $374.23. The company’s 50 day moving average is $327.73 and its 200 day moving average is $269.24. 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 company has a market cap of $1.65 trillion, a PE ratio of 89.11, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20.

Broadcom (NASDAQ:AVGO) last announced 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. The business 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%. The business’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. On average, sell-side analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

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

Insider Activity at Broadcom

In other Broadcom news, CEO Hock E. Tan sold 100,000 shares of Broadcom stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $339.58, for a total transaction of $33,958,000.00. Following the completion of the transaction, the chief executive officer owned 725,638 shares in the company, valued at approximately $246,412,152.04. This trade represents a 12.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Henry Samueli sold 368,797 shares of the business’s stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $337.91, for a total value of $124,620,194.27. Following the completion of the transaction, the director directly owned 37,722,534 shares of the company’s stock, valued at approximately $12,746,821,463.94. This trade represents a 0.97% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders acquired 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,464,248. 2.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

AVGO has been the subject of a number of research analyst reports. The Goldman Sachs Group reiterated a “buy” rating and issued a $340.00 price target on shares of Broadcom in a research note on Wednesday, August 13th. Wall Street Zen upgraded shares of Broadcom from a “hold” rating to a “buy” rating in a report on Saturday, September 6th. Rosenblatt Securities increased their price objective on shares of Broadcom from $340.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Citigroup reissued a “buy” rating and set a $415.00 target price (up previously from $350.00) on shares of Broadcom in a research report on Tuesday. Finally, Evercore ISI upped their price target on shares of Broadcom from $342.00 to $403.00 and gave the company an “outperform” rating in a research note on Wednesday. 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $372.33.

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.