Broadcom Inc. $AVGO Shares Bought by Simon Quick Advisors LLC

Simon Quick Advisors LLC increased its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 80.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 59,327 shares of the semiconductor manufacturer’s stock after buying an additional 26,369 shares during the quarter. Broadcom makes up 0.7% of Simon Quick Advisors LLC’s portfolio, making the stock its 26th largest position. Simon Quick Advisors LLC’s holdings in Broadcom were worth $16,353,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Arbor Capital Management Inc. ADV raised its position in shares of Broadcom by 7.3% during the 2nd quarter. Arbor Capital Management Inc. ADV now owns 9,431 shares of the semiconductor manufacturer’s stock worth $2,733,000 after purchasing an additional 643 shares during the last quarter. Coign Capital Advisors LLC raised its position in shares of Broadcom by 1.6% during the 2nd quarter. Coign Capital Advisors LLC now owns 3,280 shares of the semiconductor manufacturer’s stock worth $904,000 after purchasing an additional 52 shares during the last quarter. Strs Ohio raised its position in shares of Broadcom by 13.8% during the 2nd quarter. Strs Ohio now owns 1,784,044 shares of the semiconductor manufacturer’s stock worth $491,772,000 after purchasing an additional 216,958 shares during the last quarter. One Day In July LLC raised its position in shares of Broadcom by 13.5% during the 2nd quarter. One Day In July LLC now owns 1,828 shares of the semiconductor manufacturer’s stock worth $504,000 after purchasing an additional 218 shares during the last quarter. Finally, Amalgamated Bank raised its position in shares of Broadcom by 1.0% during the 2nd quarter. Amalgamated Bank now owns 1,014,714 shares of the semiconductor manufacturer’s stock worth $279,706,000 after purchasing an additional 9,909 shares during the last quarter. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom Trading Down 2.9%

Shares of AVGO opened at $351.94 on Wednesday. The stock’s fifty day simple moving average is $341.75 and its 200 day simple moving average is $286.75. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $386.48. The firm has a market capitalization of $1.66 trillion, a P/E ratio of 89.78, a price-to-earnings-growth ratio of 1.46 and a beta of 1.19.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.03. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The firm had revenue of $15.95 billion during the quarter, compared to analysts’ expectations of $15.82 billion. During the same period in the prior year, the company earned $1.24 EPS. The firm’s revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. On average, equities research analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

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

Analysts Set New Price Targets

Several research analysts recently issued reports on AVGO shares. Piper Sandler lifted their price objective on Broadcom from $315.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. Macquarie started coverage on Broadcom in a research report on Monday, September 15th. They set an “outperform” rating and a $420.00 price objective for the company. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $340.00 target price on shares of Broadcom in a research note on Wednesday, August 13th. Deutsche Bank Aktiengesellschaft set a $400.00 target price on shares of Broadcom and gave the stock a “buy” rating in a research note on Tuesday, October 14th. Finally, Evercore ISI lifted their target price on shares of Broadcom from $342.00 to $403.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 15th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $372.52.

Insider Activity

In related news, insider Mark David Brazeal sold 16,558 shares of the company’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the completion of the sale, the insider directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Charlie B. Kawwas sold 3,893 shares of the company’s 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 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. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders bought 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,464,248. Company insiders own 2.00% of the company’s stock.

Broadcom 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.