Broadcom Inc. $AVGO Shares Acquired by NorthStar Asset Management LLC NJ

NorthStar Asset Management LLC NJ lifted its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 8.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,916 shares of the semiconductor manufacturer’s stock after purchasing an additional 232 shares during the period. NorthStar Asset Management LLC NJ’s holdings in Broadcom were worth $804,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Prudential PLC raised its stake in Broadcom by 12.6% during the second quarter. Prudential PLC now owns 535,773 shares of the semiconductor manufacturer’s stock valued at $147,686,000 after buying an additional 60,025 shares in the last quarter. Wisconsin Wealth Advisors LLC grew its position in shares of Broadcom by 9.2% in the 2nd quarter. Wisconsin Wealth Advisors LLC now owns 12,940 shares of the semiconductor manufacturer’s stock worth $3,567,000 after acquiring an additional 1,087 shares in the last quarter. Lodestone Wealth Management LLC bought a new stake in shares of Broadcom in the 2nd quarter valued at approximately $262,000. BWM Planning LLC raised its position in shares of Broadcom by 3.5% during the 2nd quarter. BWM Planning LLC now owns 3,759 shares of the semiconductor manufacturer’s stock valued at $1,036,000 after acquiring an additional 128 shares in the last quarter. Finally, Absolute Capital Management LLC bought a new position in Broadcom during the second quarter worth $282,000. 76.43% of the stock is owned by institutional investors.

Insider Buying and Selling 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 shares were sold at an average price of $339.58, for a total transaction of $33,958,000.00. Following the sale, the chief executive officer directly 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Justine Page sold 800 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $331.14, for a total transaction of $264,912.00. Following the completion of the sale, the director directly owned 21,382 shares of the company’s stock, valued at approximately $7,080,435.48. This represents a 3.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders purchased 3,550 shares of company stock valued at $1,227,869 and sold 665,271 shares valued at $225,483,192. Company insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on AVGO shares. Sanford C. Bernstein boosted their target price on shares of Broadcom from $295.00 to $400.00 and gave the company an “outperform” rating in a research note on Friday, September 5th. Raymond James Financial set a $420.00 price target on shares of Broadcom and gave the company an “outperform” rating in a report on Thursday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Broadcom in a research note on Wednesday. Benchmark raised their target price on shares of Broadcom from $315.00 to $385.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Finally, TD Cowen lifted their target price on Broadcom from $355.00 to $370.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Three research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $374.21.

Broadcom Stock Performance

AVGO opened at $340.20 on Friday. 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 business’s 50 day moving average is $348.15 and its 200-day moving average is $299.89. The stock has a market cap of $1.61 trillion, a PE ratio of 86.79, a price-to-earnings-growth ratio of 1.19 and a beta of 1.19. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $386.48.

Broadcom (NASDAQ:AVGO) last posted its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating the consensus estimate of $1.66 by $0.03. The firm 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 firm’s revenue was up 22.0% compared to the same quarter last year. During the same period last year, the firm earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. On average, analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were issued 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 of this dividend was Monday, September 22nd. Broadcom’s dividend payout ratio (DPR) is 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.