Thurston Springer Miller Herd & Titak Inc. Increases Stock Holdings in Broadcom Inc. $AVGO

Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 36.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,816 shares of the semiconductor manufacturer’s stock after purchasing an additional 12,135 shares during the period. Broadcom accounts for 1.6% of Thurston Springer Miller Herd & Titak Inc.’s holdings, making the stock its 7th biggest position. Thurston Springer Miller Herd & Titak Inc.’s holdings in Broadcom were worth $12,630,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Brighton Jones LLC grew its holdings in Broadcom by 21.8% in the 4th quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock valued at $6,882,000 after buying an additional 5,322 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in Broadcom by 10.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock valued at $1,854,000 after buying an additional 756 shares in the last quarter. Bank Pictet & Cie Europe AG grew its holdings in Broadcom by 16.4% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 221,199 shares of the semiconductor manufacturer’s stock valued at $51,283,000 after buying an additional 31,225 shares in the last quarter. Redwood Investment Management LLC grew its holdings in Broadcom by 52.1% in the 4th quarter. Redwood Investment Management LLC now owns 5,700 shares of the semiconductor manufacturer’s stock valued at $1,322,000 after buying an additional 1,952 shares in the last quarter. Finally, Sentinus LLC grew its holdings in Broadcom by 8.0% in the 4th quarter. Sentinus LLC now owns 3,561 shares of the semiconductor manufacturer’s stock valued at $826,000 after buying an additional 263 shares in the last quarter. Institutional investors own 76.43% of the company’s stock.

Wall Street Analyst Weigh In

AVGO has been the topic of several analyst reports. Mizuho increased their target price on Broadcom from $355.00 to $410.00 and gave the stock an “outperform” rating in a report on Friday. Argus increased their target price on Broadcom from $285.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, September 8th. KeyCorp upped their price objective on Broadcom from $330.00 to $400.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. Evercore ISI restated an “outperform” rating and set a $342.00 price objective (up from $304.00) on shares of Broadcom in a research report on Thursday, September 4th. Finally, Arete Research upgraded Broadcom to a “strong-buy” rating in a research report on Monday, July 28th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Broadcom has an average rating of “Buy” and an average price target of $354.04.

Broadcom Price Performance

Broadcom stock opened at $359.87 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 $1.69 trillion, a PE ratio of 91.80, a P/E/G ratio of 1.99 and a beta of 1.16. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $374.23. The stock has a 50-day moving average price of $300.31 and a two-hundred day moving average price of $242.19.

Broadcom (NASDAQ:AVGO) last posted its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating the consensus estimate of $1.66 by $0.03. The firm 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%.The business’s quarterly revenue was up 22.0% on a year-over-year basis. During the same period last year, the company earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. Analysts expect that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd will be paid a $0.59 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. Broadcom’s dividend payout ratio is presently 60.20%.

Insider Buying and Selling

In other news, Director Henry Samueli sold 473,898 shares of the stock in a transaction dated Wednesday, June 25th. The stock was 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 of the company’s stock, valued at approximately $10,132,574,604.75. This represents a 1.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gayla J. Delly sold 3,000 shares of the stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $265.13, for a total value of $795,390.00. Following the completion of the sale, the director directly owned 33,352 shares of the company’s stock, valued at approximately $8,842,615.76. The trade was a 8.25% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 3,550 shares of company stock valued at $1,227,869 and have sold 850,912 shares valued at $234,854,489. 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.