Linden Thomas Advisory Services LLC Purchases 839 Shares of Broadcom Inc. $AVGO

Linden Thomas Advisory Services LLC grew its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 2.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 38,202 shares of the semiconductor manufacturer’s stock after purchasing an additional 839 shares during the quarter. Broadcom accounts for 1.2% of Linden Thomas Advisory Services LLC’s investment portfolio, making the stock its 5th biggest position. Linden Thomas Advisory Services LLC’s holdings in Broadcom were worth $10,530,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cheviot Value Management LLC bought a new position in shares of Broadcom in the first quarter worth $25,000. Sawyer & Company Inc raised its stake in shares of Broadcom by 62.1% during 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 in the last quarter. Legend Financial Advisors Inc. acquired a new stake in Broadcom in the second quarter worth about $28,000. Wood Tarver Financial Group LLC lifted its holdings in Broadcom by 342.5% in the first quarter. Wood Tarver Financial Group LLC now owns 177 shares of the semiconductor manufacturer’s stock worth $30,000 after purchasing an additional 137 shares during the period. Finally, LGT Financial Advisors LLC bought a new position in Broadcom in the 2nd quarter valued at about $31,000. 76.43% of the stock is owned by institutional investors.

Broadcom Stock Down 2.5%

Shares of Broadcom stock opened at $376.47 on Friday. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $386.48. The firm has a market capitalization of $1.78 trillion, a PE ratio of 96.04, a price-to-earnings-growth ratio of 2.17 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. The stock’s fifty day moving average is $337.79 and its 200-day moving average is $281.31.

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

Broadcom Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Monday, September 22nd. Broadcom’s payout ratio is 60.20%.

Analysts Set New Price Targets

AVGO has been the topic of a number of recent analyst reports. Mizuho set a $435.00 price target on shares of Broadcom and gave the stock an “outperform” rating in a research report on Tuesday, October 21st. Piper Sandler raised their price objective on shares of Broadcom from $315.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. Sanford C. Bernstein upped their target price on Broadcom from $295.00 to $400.00 and gave the stock an “outperform” rating in a research report on Friday, September 5th. Morgan Stanley set a $409.00 price target on Broadcom and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Finally, Truist Financial lifted their price target on Broadcom from $295.00 to $365.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Broadcom has a consensus rating of “Buy” and a consensus price target of $372.52.

Insider Activity at Broadcom

In related news, CEO Hock E. Tan sold 100,000 shares of the company’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $339.58, for a total transaction of $33,958,000.00. Following the transaction, the chief executive officer directly owned 725,638 shares of the company’s stock, valued at approximately $246,412,152.04. The trade was a 12.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Charlie B. Kawwas sold 3,893 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total value of $1,354,063.26. Following the sale, the insider owned 25,295 shares of the company’s stock, valued at $8,798,106.90. The trade was a 13.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders acquired 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,464,248. Company insiders own 2.00% of the company’s stock.

Broadcom 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.