Broadcom Inc. $AVGO Shares Purchased by Van Hulzen Asset Management LLC

Van Hulzen Asset Management LLC boosted its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 16.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 100,954 shares of the semiconductor manufacturer’s stock after purchasing an additional 14,083 shares during the quarter. Broadcom comprises 2.3% of Van Hulzen Asset Management LLC’s portfolio, making the stock its 6th largest holding. Van Hulzen Asset Management LLC’s holdings in Broadcom were worth $27,828,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of AVGO. Cheviot Value Management LLC bought a new position in Broadcom in the 1st quarter worth $25,000. Sawyer & Company Inc grew its position 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 last quarter. Longfellow Investment Management Co. LLC bought a new position in shares of Broadcom in the second quarter worth about $27,000. Legend Financial Advisors Inc. acquired a new position in shares of Broadcom during the 2nd quarter worth about $28,000. Finally, LGT Financial Advisors LLC acquired a new position in shares of Broadcom during the 2nd quarter worth about $31,000. Institutional investors own 76.43% of the company’s stock.

Wall Street Analysts Forecast Growth

AVGO has been the topic of several recent analyst reports. Sanford C. Bernstein lifted their price target on Broadcom from $295.00 to $400.00 and gave the stock an “outperform” rating in a research report on Friday, September 5th. Oppenheimer reaffirmed an “outperform” rating and set a $360.00 target price (up previously from $325.00) on shares of Broadcom in a research report on Friday, September 5th. Deutsche Bank Aktiengesellschaft set a $400.00 target price on shares of Broadcom and gave the company a “buy” rating in a research note on Tuesday, October 14th. Piper Sandler raised their price target on shares of Broadcom from $315.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. Finally, Barclays set a $450.00 price objective on shares of Broadcom and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Broadcom currently has a consensus rating of “Buy” and an average price target of $383.00.

Broadcom Stock Performance

NASDAQ AVGO opened at $385.83 on Tuesday. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $403.00. 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 stock has a market cap of $1.82 trillion, a P/E ratio of 98.43, a PEG ratio of 1.37 and a beta of 1.19. The company’s 50-day simple moving average is $353.10 and its 200 day simple moving average is $308.39.

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. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The company had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $15.82 billion. During the same period in the previous year, the business earned $1.24 earnings per share. The company’s quarterly revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. As a group, research analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current fiscal 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 given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Monday, September 22nd. Broadcom’s dividend payout ratio is 60.20%.

Insider Transactions at Broadcom

In related news, CEO Hock E. Tan sold 100,000 shares of the 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 completion of the sale, the chief executive officer owned 725,638 shares in the company, valued at $246,412,152.04. This trade represents a 12.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mark David Brazeal sold 16,558 shares of Broadcom stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the transaction, the insider directly owned 329,302 shares of the company’s stock, valued at $114,468,668.22. This represents a 4.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders purchased 3,550 shares of company stock valued at $1,227,869 and sold 665,271 shares valued at $225,483,192. 2.00% of the stock is currently owned by insiders.

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.