Hutchens & Kramer Investment Management Group LLC Buys 551 Shares of Broadcom Inc. $AVGO

Hutchens & Kramer Investment Management Group LLC boosted its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 29.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,429 shares of the semiconductor manufacturer’s stock after acquiring an additional 551 shares during the period. Hutchens & Kramer Investment Management Group LLC’s holdings in Broadcom were worth $643,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Cheviot Value Management LLC purchased a new stake in Broadcom in the 1st quarter worth $25,000. Sawyer & Company Inc boosted its stake in shares of Broadcom by 62.1% in the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 36 shares during the period. Legend Financial Advisors Inc. purchased a new stake in shares of Broadcom during the second quarter worth about $28,000. LGT Financial Advisors LLC bought a new stake in Broadcom during the 2nd quarter valued at approximately $31,000. Finally, Greenline Partners LLC purchased a new position in Broadcom in the 1st quarter worth approximately $33,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AVGO. Piper Sandler increased their price objective on shares of Broadcom from $315.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, September 5th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $340.00 target price on shares of Broadcom in a research note on Wednesday, August 13th. Deutsche Bank Aktiengesellschaft set a $400.00 price target on shares of Broadcom and gave the company a “buy” rating in a report on Tuesday, October 14th. Bank of America increased their price objective on shares of Broadcom from $300.00 to $400.00 and gave the company a “buy” rating in a report on Friday, September 5th. Finally, KeyCorp set a $460.00 target price on Broadcom in a report on Monday, October 13th. Three analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $372.52.

Insiders Place Their Bets

In related news, Director Justine Page sold 800 shares of the stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $350.15, for a total value of $280,120.00. Following the sale, the director directly owned 22,182 shares of the company’s stock, valued at $7,767,027.30. This represents a 3.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mark David Brazeal sold 16,558 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The stock was 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. The trade was a 4.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have bought 3,550 shares of company stock valued at $1,227,869 and have sold 665,271 shares valued at $225,464,248. Insiders own 2.00% of the company’s stock.

Broadcom Trading Down 1.7%

Shares of NASDAQ AVGO opened at $349.43 on Friday. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $386.48. 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 business’s 50 day moving average is $344.91 and its two-hundred day moving average is $289.00. The stock has a market capitalization of $1.65 trillion, a P/E ratio of 89.14, a PEG ratio of 1.43 and a beta of 1.19.

Broadcom (NASDAQ:AVGO) last announced its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.03. The firm had revenue of $15.95 billion during 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 company’s quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. As a group, research analysts expect that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

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

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.