Mattson Financial Services LLC Has $2.94 Million Stock Position in Broadcom Inc. $AVGO

Mattson Financial Services LLC increased its position in Broadcom Inc. (NASDAQ:AVGO) by 0.5% in the first quarter, Holdings Channel.com reports. The firm owned 17,555 shares of the semiconductor manufacturer’s stock after acquiring an additional 95 shares during the period. Mattson Financial Services LLC’s holdings in Broadcom were worth $2,939,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. WBI Investments LLC acquired a new stake in Broadcom in the first quarter worth about $416,000. Indiana Trust & Investment Management Co increased its position in Broadcom by 5.2% in the first quarter. Indiana Trust & Investment Management Co now owns 3,340 shares of the semiconductor manufacturer’s stock worth $559,000 after purchasing an additional 165 shares during the period. MBL Wealth LLC increased its position in Broadcom by 24.8% in the first quarter. MBL Wealth LLC now owns 13,129 shares of the semiconductor manufacturer’s stock worth $2,198,000 after purchasing an additional 2,612 shares during the period. Acadian Asset Management LLC increased its position in Broadcom by 72.6% in the first quarter. Acadian Asset Management LLC now owns 641,538 shares of the semiconductor manufacturer’s stock worth $107,394,000 after purchasing an additional 269,763 shares during the period. Finally, Geneos Wealth Management Inc. increased its position in Broadcom by 27.9% in the first quarter. Geneos Wealth Management Inc. now owns 64,130 shares of the semiconductor manufacturer’s stock worth $10,737,000 after purchasing an additional 13,978 shares during the period. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AVGO has been the subject of several analyst reports. UBS Group boosted their target price on Broadcom from $290.00 to $345.00 and gave the stock a “buy” rating in a research report on Monday, August 25th. Cowen restated a “buy” rating on shares of Broadcom in a research report on Friday, June 6th. KeyCorp boosted their target price on Broadcom from $330.00 to $400.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. Arete Research upgraded Broadcom to a “strong-buy” rating in a research report on Monday, July 28th. Finally, Wall Street Zen upgraded Broadcom from a “hold” rating to a “buy” rating in a research report on Saturday, September 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $351.92.

Broadcom Trading Up 9.8%

NASDAQ:AVGO opened at $369.57 on Thursday. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $372.97. 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 stock has a market capitalization of $1.74 trillion, a PE ratio of 94.28, a price-to-earnings-growth ratio of 1.86 and a beta of 1.16. The business’s 50-day simple moving average is $296.92 and its 200-day simple moving average is $239.85.

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 the consensus estimate of $1.66 by $0.03. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The business had revenue of $15.95 billion for the quarter, compared to analysts’ expectations of $15.82 billion. During the same quarter in the previous year, the business posted $1.24 EPS. Broadcom’s revenue for the quarter was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. Sell-side analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Monday, September 22nd. Broadcom’s payout ratio is 60.20%.

Insider Transactions at Broadcom

In other Broadcom news, CEO Hock E. Tan sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $268.29, for a total value of $10,731,600.00. Following the sale, the chief executive officer owned 482,836 shares in the company, valued at approximately $129,540,070.44. The trade was a 7.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Henry Samueli sold 473,898 shares of the business’s stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $265.33, for a total value of $125,739,356.34. Following the completion of the sale, the director owned 38,188,575 shares in the company, valued at $10,132,574,604.75. The trade was a 1.23% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have purchased 3,550 shares of company stock worth $1,227,869 and have sold 702,758 shares worth $184,975,481. 2.00% of the stock is currently owned by insiders.

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.