REAP Financial Group LLC Acquires 193 Shares of Broadcom Inc. $AVGO

REAP Financial Group LLC boosted its holdings in Broadcom Inc. (NASDAQ:AVGO) by 23.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,005 shares of the semiconductor manufacturer’s stock after purchasing an additional 193 shares during the period. REAP Financial Group LLC’s holdings in Broadcom were worth $277,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Sawyer & Company Inc lifted its stake in Broadcom by 62.1% in the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 36 shares during the last quarter. Legend Financial Advisors Inc. bought a new stake in Broadcom in the second quarter worth $28,000. Maseco LLP bought a new position in shares of Broadcom during the second quarter valued at about $34,000. PFS Partners LLC raised its stake in shares of Broadcom by 38.4% during the second quarter. PFS Partners LLC now owns 137 shares of the semiconductor manufacturer’s stock valued at $38,000 after acquiring an additional 38 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in shares of Broadcom during the first quarter valued at about $25,000. 76.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on AVGO shares. UBS Group upped their price objective on shares of Broadcom from $290.00 to $345.00 and gave the company a “buy” rating in a research note on Monday, August 25th. TD Cowen upped their price objective 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. Rosenblatt Securities upped their price objective on shares of Broadcom from $340.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Mizuho upped their price objective on shares of Broadcom from $355.00 to $410.00 and gave the company an “outperform” rating in a research note on Friday, September 12th. Finally, Truist Financial upped their price objective on shares of Broadcom from $295.00 to $365.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Broadcom presently has a consensus rating of “Buy” and a consensus target price of $357.22.

Broadcom Price Performance

AVGO stock opened at $324.63 on Monday. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $374.23. The company has a market cap of $1.53 trillion, a P/E ratio of 82.81, a PEG ratio of 1.80 and a beta of 1.20. The firm has a 50-day moving average of $322.64 and a 200 day moving average of $263.58. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.03. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The company had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.82 billion. During the same period in the prior year, the firm earned $1.24 earnings per share. Broadcom’s revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. On average, sell-side analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Monday, September 22nd. Broadcom’s dividend payout ratio is 60.20%.

Insiders Place Their Bets

In other Broadcom news, CEO Hock E. Tan sold 100,000 shares of the company’s stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $339.58, for a total value of $33,958,000.00. Following the sale, the chief executive officer owned 725,638 shares in the company, valued at approximately $246,412,152.04. This represents a 12.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kirsten M. Spears sold 7,498 shares of the company’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total transaction of $2,606,754.68. Following the completion of the sale, the chief financial officer owned 313,330 shares in the company, valued at approximately $108,932,307.80. This trade represents a 2.34% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have bought 3,550 shares of company stock valued at $1,227,869 and have sold 664,471 shares valued at $225,184,128. 2.00% of the stock is owned by company insiders.

Broadcom Company 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.