Stratos Investment Management LLC Buys 1,418 Shares of Broadcom Inc. $AVGO

Stratos Investment Management LLC raised its stake in Broadcom Inc. (NASDAQ:AVGO) by 1.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 111,349 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,418 shares during the quarter. Broadcom accounts for about 1.4% of Stratos Investment Management LLC’s portfolio, making the stock its 18th largest position. Stratos Investment Management LLC’s holdings in Broadcom were worth $30,694,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. SilverOak Wealth Management LLC grew its position in Broadcom by 166.5% in the second quarter. SilverOak Wealth Management LLC now owns 3,784 shares of the semiconductor manufacturer’s stock worth $1,043,000 after acquiring an additional 2,364 shares in the last quarter. Mattson Financial Services LLC lifted its stake in Broadcom by 16.4% during the second quarter. Mattson Financial Services LLC now owns 20,434 shares of the semiconductor manufacturer’s stock worth $5,633,000 after purchasing an additional 2,879 shares during the last quarter. Master S Wealth Management Inc. purchased a new position in shares of Broadcom in the 2nd quarter worth about $370,000. Nordea Investment Management AB increased its position in shares of Broadcom by 13.8% during the 2nd quarter. Nordea Investment Management AB now owns 6,839,082 shares of the semiconductor manufacturer’s stock valued at $1,876,302,000 after purchasing an additional 827,698 shares during the last quarter. Finally, Consilio Wealth Advisors LLC increased its position in shares of Broadcom by 4.7% during the 2nd quarter. Consilio Wealth Advisors LLC now owns 5,216 shares of the semiconductor manufacturer’s stock valued at $1,405,000 after purchasing an additional 232 shares during the last quarter. 76.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AVGO. Evercore ISI boosted their target price on Broadcom from $342.00 to $403.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 15th. Sanford C. Bernstein upped their price objective on shares of Broadcom from $295.00 to $400.00 and gave the company an “outperform” rating in a research note on Friday, September 5th. Citigroup reaffirmed a “buy” rating and set a $415.00 target price (up previously from $350.00) on shares of Broadcom in a report on Tuesday, October 14th. Macquarie initiated coverage on shares of Broadcom in a research note on Monday, September 15th. They issued an “outperform” rating and a $420.00 price target for the company. Finally, Wall Street Zen upgraded shares of Broadcom from a “hold” rating to a “buy” rating in a research report on Saturday, September 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $372.52.

Broadcom Price Performance

Shares of Broadcom stock opened at $340.30 on Thursday. The company’s fifty day simple moving average is $329.86 and its two-hundred day simple moving average is $272.43. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $374.23. The firm has a market cap of $1.61 trillion, a PE ratio of 86.81, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data 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 net margin of 31.59% and a return on equity of 36.60%. The company’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities analysts expect that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

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. The ex-dividend date was Monday, September 22nd. This represents a $2.36 annualized dividend and a yield of 0.7%. Broadcom’s dividend payout ratio (DPR) is 60.20%.

Insider Transactions at Broadcom

In related news, Director Justine Page sold 800 shares of Broadcom stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $350.15, for a total value of $280,120.00. Following the sale, the director owned 22,182 shares in the company, valued at $7,767,027.30. The trade was a 3.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Mark David Brazeal sold 16,558 shares of the business’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the transaction, the insider directly owned 329,302 shares in the company, valued at approximately $114,468,668.22. The trade was a 4.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders purchased 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,464,248. 2.00% of the stock is owned by corporate 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.