Broadcom Inc. $AVGO is Oak Associates Ltd. OH’s 6th Largest Position

Oak Associates Ltd. OH raised its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 28.1% during the 2nd quarter, Holdings Channel reports. The fund owned 237,109 shares of the semiconductor manufacturer’s stock after purchasing an additional 52,067 shares during the period. Broadcom comprises approximately 4.3% of Oak Associates Ltd. OH’s holdings, making the stock its 6th largest position. Oak Associates Ltd. OH’s holdings in Broadcom were worth $65,359,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in AVGO. Sawyer & Company Inc boosted its position in Broadcom by 62.1% during the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 36 shares in the last quarter. Longfellow Investment Management Co. LLC purchased a new stake in shares of Broadcom during the second quarter valued at about $27,000. Legend Financial Advisors Inc. bought a new stake in shares of Broadcom in the 2nd quarter valued at about $28,000. LGT Financial Advisors LLC bought a new stake in shares of Broadcom in the 2nd quarter valued at about $31,000. Finally, New England Capital Financial Advisors LLC purchased a new position in shares of Broadcom in the 2nd quarter worth approximately $31,000. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AVGO has been the topic of several research analyst reports. Oppenheimer restated an “outperform” rating and set a $360.00 target price (up from $325.00) on shares of Broadcom in a research note on Friday, September 5th. Wall Street Zen lowered Broadcom from a “buy” rating to a “hold” rating in a research note on Sunday. Macquarie assumed coverage on shares of Broadcom in a report on Monday, September 15th. They set an “outperform” rating and a $420.00 price objective on the stock. Citigroup reiterated a “buy” rating and issued a $415.00 target price (up from $350.00) on shares of Broadcom in a research note on Tuesday, October 14th. Finally, TD Cowen boosted their target price on shares of Broadcom from $355.00 to $370.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Three analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $374.21.

Broadcom Trading Up 11.1%

NASDAQ AVGO opened at $377.96 on Tuesday. 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 company has a market capitalization of $1.78 trillion, a PE ratio of 96.42, a P/E/G ratio of 1.16 and a beta of 1.19. The company has a fifty day moving average of $348.43 and a 200 day moving average of $302.46.

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

Broadcom Announces Dividend

The business 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. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 0.6%. Broadcom’s payout ratio is presently 60.20%.

Insider Buying and Selling

In other Broadcom news, Director Henry Samueli sold 368,797 shares of the company’s stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total value of $124,620,194.27. Following the sale, the director owned 37,722,534 shares in the company, valued at approximately $12,746,821,463.94. This represents a 0.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Charlie B. Kawwas sold 3,893 shares of Broadcom stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the transaction, 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 three months, insiders acquired 3,550 shares of company stock valued at $1,227,869 and sold 665,271 shares valued at $225,483,192. Insiders own 2.00% of the company’s stock.

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.