Broadcom Inc. $AVGO Shares Purchased by Titan Global Capital Management USA LLC

Titan Global Capital Management USA LLC grew its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 67.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 63,835 shares of the semiconductor manufacturer’s stock after acquiring an additional 25,720 shares during the quarter. Broadcom comprises about 2.8% of Titan Global Capital Management USA LLC’s investment portfolio, making the stock its 15th largest holding. Titan Global Capital Management USA LLC’s holdings in Broadcom were worth $17,596,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Sawyer & Company Inc increased 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 valued at $26,000 after purchasing an additional 36 shares during the period. PFS Partners LLC grew its holdings in Broadcom by 38.4% in the 2nd quarter. PFS Partners LLC now owns 137 shares of the semiconductor manufacturer’s stock worth $38,000 after buying an additional 38 shares in the last quarter. Costello Asset Management INC increased its position in Broadcom by 1.5% in the 2nd quarter. Costello Asset Management INC now owns 2,528 shares of the semiconductor manufacturer’s stock valued at $697,000 after acquiring an additional 38 shares during the period. Walkner Condon Financial Advisors LLC increased its position in Broadcom by 1.0% in the 2nd quarter. Walkner Condon Financial Advisors LLC now owns 3,944 shares of the semiconductor manufacturer’s stock valued at $1,087,000 after acquiring an additional 38 shares during the period. Finally, Carson Advisory Inc. raised its stake in Broadcom by 2.0% during the 2nd quarter. Carson Advisory Inc. now owns 2,023 shares of the semiconductor manufacturer’s stock valued at $558,000 after acquiring an additional 39 shares in the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Kirsten M. Spears sold 7,498 shares of Broadcom stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total value of $2,606,754.68. Following the transaction, the chief financial officer owned 313,330 shares of the company’s stock, valued at approximately $108,932,307.80. This trade represents a 2.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Hock E. Tan sold 148,154 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $336.67, for a total transaction of $49,879,007.18. Following the sale, the chief executive officer directly owned 825,998 shares of the company’s stock, valued at $278,088,746.66. This represents a 15.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have acquired 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,464,248. Company insiders own 2.00% of the company’s stock.

Broadcom Stock Performance

Shares of AVGO opened at $351.96 on Wednesday. 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 firm’s 50 day moving average is $347.20 and its 200-day moving average is $292.95. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $386.48. The stock has a market capitalization of $1.66 trillion, a P/E ratio of 89.79, a P/E/G ratio of 1.45 and a beta of 1.19.

Broadcom (NASDAQ:AVGO) last issued its 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. The firm had revenue of $15.95 billion during the quarter, compared to analysts’ expectations of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The firm’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period last year, the firm posted $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. Equities research analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, September 22nd. Broadcom’s dividend payout ratio is currently 60.20%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft set a $400.00 price target on Broadcom and gave the company a “buy” rating in a report on Tuesday, October 14th. Mizuho set a $435.00 target price on shares of Broadcom and gave the company an “outperform” rating in a research note on Tuesday, October 21st. Morgan Stanley set a $409.00 price target on shares of Broadcom and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. JPMorgan Chase & Co. increased their price objective on shares of Broadcom from $325.00 to $400.00 and gave the company an “overweight” rating in a report on Friday, September 5th. Finally, Oppenheimer reiterated an “outperform” rating and set a $360.00 price objective (up previously from $325.00) on shares of Broadcom in a research note on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price 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.