Mufg Securities Americas Inc. Has $28.73 Million Stock Holdings in Broadcom Inc. $AVGO

Mufg Securities Americas Inc. increased its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 25.6% during the second quarter, Holdings Channel reports. The fund owned 104,209 shares of the semiconductor manufacturer’s stock after acquiring an additional 21,236 shares during the quarter. Broadcom comprises about 2.5% of Mufg Securities Americas Inc.’s holdings, making the stock its 6th biggest holding. Mufg Securities Americas Inc.’s holdings in Broadcom were worth $28,725,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in AVGO. Sawyer & Company Inc raised 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 period. PFS Partners LLC grew its stake in Broadcom by 38.4% in the 2nd quarter. PFS Partners LLC now owns 137 shares of the semiconductor manufacturer’s stock valued at $38,000 after buying an additional 38 shares during the last quarter. Costello Asset Management INC raised its holdings 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 raised its holdings 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. lifted its position in Broadcom by 2.0% during the second quarter. Carson Advisory Inc. now owns 2,023 shares of the semiconductor manufacturer’s stock worth $558,000 after acquiring an additional 39 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

Insider Buying and Selling at Broadcom

In other news, CFO Kirsten M. Spears sold 7,498 shares of the company’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.66, for a total transaction of $2,606,754.68. Following the completion of the transaction, the chief financial officer directly owned 313,330 shares in the company, valued at approximately $108,932,307.80. This represents a 2.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark David Brazeal sold 16,558 shares of the firm’s stock in a transaction 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 sale, the insider directly owned 329,302 shares in the company, valued at approximately $114,468,668.22. This trade represents a 4.79% decrease in their position. The SEC filing for this sale provides additional information. 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. 2.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on AVGO shares. Bank of America upped their target price on Broadcom from $300.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Arete Research raised shares of Broadcom to a “strong-buy” rating in a research report on Monday, July 28th. Wells Fargo & Company raised their price target on shares of Broadcom from $255.00 to $345.00 and gave the stock an “equal weight” rating in a research report on Friday, September 5th. Mizuho set a $435.00 target price on shares of Broadcom and gave the stock an “outperform” rating in a research report on Tuesday, October 21st. Finally, Barclays set a $450.00 target price on shares of Broadcom and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Three research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $374.21.

Broadcom Trading Down 1.9%

Shares of AVGO stock opened at $340.20 on Friday. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $386.48. The stock’s fifty day moving average price is $348.15 and its two-hundred day moving average price is $300.59. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. The company has a market cap 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 (NASDAQ:AVGO) last announced its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.03. The business had revenue of $15.95 billion during the quarter, compared to the consensus estimate 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 in the prior year, the company earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Equities analysts predict that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

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