Broadcom Inc. $AVGO Shares Bought by M.E. Allison & CO. Inc.

M.E. Allison & CO. Inc. lifted its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 8.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 9,521 shares of the semiconductor manufacturer’s stock after buying an additional 708 shares during the period. Broadcom accounts for about 2.1% of M.E. Allison & CO. Inc.’s investment portfolio, making the stock its 8th biggest holding. M.E. Allison & CO. Inc.’s holdings in Broadcom were worth $2,625,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Welch Group LLC grew its position in shares of Broadcom by 14.4% during the 2nd quarter. Welch Group LLC now owns 32,562 shares of the semiconductor manufacturer’s stock worth $8,976,000 after buying an additional 4,098 shares during the period. Cypress Capital Group grew its position in Broadcom by 2.0% in the 2nd quarter. Cypress Capital Group now owns 54,865 shares of the semiconductor manufacturer’s stock valued at $15,124,000 after purchasing an additional 1,066 shares during the period. Stephens Consulting LLC grew its position in Broadcom by 37.4% in the 2nd quarter. Stephens Consulting LLC now owns 261 shares of the semiconductor manufacturer’s stock valued at $72,000 after purchasing an additional 71 shares during the period. Gordian Advisors LLC acquired a new stake in Broadcom in the 2nd quarter valued at $219,000. Finally, Almanack Investment Partners LLC. acquired a new stake in Broadcom in the 2nd quarter valued at $240,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Insider Activity at Broadcom

In other news, insider Charlie B. Kawwas sold 3,893 shares of Broadcom stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the sale, the insider directly owned 25,295 shares in the company, valued at $8,798,106.90. The trade was a 13.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Justine Page sold 800 shares of Broadcom stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $350.15, for a total value of $280,120.00. Following the sale, the director owned 22,182 shares in the company, valued at $7,767,027.30. The trade was a 3.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 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.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AVGO. Deutsche Bank Aktiengesellschaft set a $400.00 price target on shares of Broadcom and gave the company a “buy” rating in a research report on Tuesday, October 14th. Weiss Ratings downgraded shares of Broadcom from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Hsbc Global Res raised shares of Broadcom from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 24th. Oppenheimer reissued an “outperform” rating and issued a $360.00 price target (up previously from $325.00) on shares of Broadcom in a research report on Friday, September 5th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Broadcom from $325.00 to $400.00 and gave the company an “overweight” rating in a research report on Friday, September 5th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $372.33.

Broadcom Price Performance

Shares of NASDAQ:AVGO opened at $349.33 on Monday. 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’s fifty day simple moving average is $327.73 and its two-hundred day simple moving average is $270.05. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $374.23. The stock 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 issued its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.03. The business had revenue of $15.95 billion for the quarter, compared to analysts’ expectations of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The business’s revenue was up 22.0% on a year-over-year basis. During the same period last year, the business earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. As a group, analysts forecast that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, September 22nd. 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.