Cooper Haims Advisors LLC Acquires Shares of 1,314 Broadcom Inc. $AVGO

Cooper Haims Advisors LLC bought a new position in shares of Broadcom Inc. (NASDAQ:AVGO) during the 2nd quarter, HoldingsChannel reports. The fund bought 1,314 shares of the semiconductor manufacturer’s stock, valued at approximately $362,000.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Broadcom by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 483,442,939 shares of the semiconductor manufacturer’s stock worth $133,261,046,000 after acquiring an additional 6,222,802 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Broadcom by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 108,610,718 shares of the semiconductor manufacturer’s stock valued at $29,827,649,000 after acquiring an additional 2,226,585 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Broadcom by 37.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer’s stock valued at $10,968,270,000 after purchasing an additional 17,985,046 shares during the period. Nuveen LLC acquired a new stake in Broadcom during the first quarter worth about $6,649,117,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Broadcom by 2.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 35,243,467 shares of the semiconductor manufacturer’s stock worth $5,900,814,000 after purchasing an additional 842,088 shares during the period. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Broadcom Price Performance

AVGO stock 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 company has a market capitalization of $1.61 trillion, a PE ratio of 86.79, a P/E/G ratio of 1.16 and a beta of 1.19. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $386.48. The business’s fifty day moving average price is $348.15 and its 200 day moving average price is $300.59.

Broadcom (NASDAQ:AVGO) last announced its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.03. The company had revenue of $15.95 billion during 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%.Broadcom’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same period last year, the business posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. On average, sell-side analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, September 22nd. Broadcom’s dividend payout ratio is presently 60.20%.

Wall Street Analyst Weigh In

AVGO has been the subject of several analyst reports. TD Cowen increased their price target on shares of Broadcom from $355.00 to $370.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Raymond James Financial set a $420.00 price objective on Broadcom and gave the company an “outperform” rating in a report on Thursday. Mizuho set a $435.00 price objective on Broadcom and gave the stock an “outperform” rating in a research report on Tuesday, October 21st. Arete Research raised Broadcom to a “strong-buy” rating in a research note on Monday, July 28th. Finally, Wall Street Zen downgraded Broadcom from a “buy” rating to a “hold” rating in a research report on Sunday. Three analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Broadcom presently has an average rating of “Buy” and a consensus price target of $374.21.

Insider Activity at Broadcom

In other Broadcom news, insider Mark David Brazeal sold 16,558 shares of the firm’s stock in a transaction that occurred on 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 owned 329,302 shares of the company’s stock, valued at $114,468,668.22. This trade represents a 4.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Justine Page sold 800 shares of the business’s stock in a transaction 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 transaction, the director owned 21,382 shares of the company’s stock, valued at approximately $7,080,435.48. This trade represents a 3.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders acquired 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,483,192. Corporate insiders own 2.00% of the company’s stock.

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.