Torray Investment Partners LLC Has $40.98 Million Stock Holdings in Broadcom Inc. $AVGO

Torray Investment Partners LLC lifted its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 107.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 148,683 shares of the semiconductor manufacturer’s stock after buying an additional 77,183 shares during the quarter. Broadcom makes up 5.9% of Torray Investment Partners LLC’s holdings, making the stock its largest holding. Torray Investment Partners LLC’s holdings in Broadcom were worth $40,984,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Ceera Investments LLC purchased a new stake in Broadcom in the second quarter worth about $262,000. Telos Capital Management Inc. lifted its position in shares of Broadcom by 11.4% in the 2nd quarter. Telos Capital Management Inc. now owns 4,384 shares of the semiconductor manufacturer’s stock worth $1,208,000 after purchasing an additional 449 shares during the period. EPG Wealth Management LLC boosted its stake in shares of Broadcom by 0.9% during the second quarter. EPG Wealth Management LLC now owns 12,578 shares of the semiconductor manufacturer’s stock valued at $3,467,000 after purchasing an additional 107 shares in the last quarter. Landmark Wealth Management Inc. purchased a new position in Broadcom during the second quarter valued at approximately $201,000. Finally, AAF Wealth Management LLC bought a new position in Broadcom in the second quarter worth approximately $216,000. 76.43% of the stock is currently owned by institutional investors.

Insider Activity at Broadcom

In other Broadcom news, CEO Hock E. Tan sold 100,000 shares of the business’s 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 sale, the chief executive officer owned 725,638 shares in the company, valued at approximately $246,412,152.04. The trade was a 12.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark David Brazeal sold 16,558 shares of the stock in a transaction dated 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 completion of the transaction, the insider directly owned 329,302 shares in the company, valued at $114,468,668.22. This represents a 4.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have acquired 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,464,248. 2.00% of the stock is owned by insiders.

Broadcom Stock Down 1.7%

AVGO stock opened at $349.43 on Friday. The stock has a market capitalization of $1.65 trillion, a PE ratio of 89.14, a price-to-earnings-growth ratio of 1.43 and a beta of 1.19. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $386.48. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. The firm has a 50 day moving average of $344.91 and a 200 day moving average of $289.00.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.03. The business had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. Broadcom’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Sell-side analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were paid a $0.59 dividend. 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 dividend payout ratio (DPR) is 60.20%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Mizuho set a $435.00 price target on Broadcom and gave the company an “outperform” rating in a report on Tuesday, October 21st. The Goldman Sachs Group reiterated a “buy” rating and issued a $340.00 target price on shares of Broadcom in a research note on Wednesday, August 13th. KeyCorp set a $460.00 price target on shares of Broadcom in a research report on Monday, October 13th. Rosenblatt Securities lifted their price objective on shares of Broadcom from $340.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Finally, Arete Research upgraded shares of Broadcom to a “strong-buy” rating in a research note on Monday, July 28th. Three analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $372.52.

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.