Broadcom Inc. $AVGO Position Increased by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp raised its stake in Broadcom Inc. (NASDAQ:AVGO) by 22.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 192,864 shares of the semiconductor manufacturer’s stock after buying an additional 35,160 shares during the period. Broadcom makes up about 1.2% of Atlantic Union Bankshares Corp’s investment portfolio, making the stock its 15th largest holding. Atlantic Union Bankshares Corp’s holdings in Broadcom were worth $53,162,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Brighton Jones LLC increased its stake in Broadcom by 21.8% in the 4th quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock worth $6,882,000 after purchasing an additional 5,322 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Broadcom by 10.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock worth $1,854,000 after buying an additional 756 shares during the period. Emerald Mutual Fund Advisers Trust boosted its holdings in shares of Broadcom by 4.4% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 3,782 shares of the semiconductor manufacturer’s stock worth $633,000 after buying an additional 159 shares during the period. Platform Technology Partners increased its position in shares of Broadcom by 3.7% in the first quarter. Platform Technology Partners now owns 2,880 shares of the semiconductor manufacturer’s stock worth $482,000 after acquiring an additional 102 shares in the last quarter. Finally, Financial Security Advisor Inc. raised its holdings in shares of Broadcom by 1.0% during the first quarter. Financial Security Advisor Inc. now owns 5,584 shares of the semiconductor manufacturer’s stock valued at $935,000 after acquiring an additional 56 shares during the period. Institutional investors and hedge funds own 76.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AVGO shares. KeyCorp set a $460.00 target price on shares of Broadcom in a research note on Monday, October 13th. Weiss Ratings lowered Broadcom from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Wall Street Zen lowered Broadcom from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Barclays set a $450.00 target price on Broadcom and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Finally, Benchmark increased their price target on shares of Broadcom from $315.00 to $385.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $372.52.

Insider Buying and Selling

In other news, CFO Kirsten M. Spears sold 7,498 shares of the business’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.66, for a total value of $2,606,754.68. Following the completion of the sale, the chief financial officer directly owned 313,330 shares in the company, valued at approximately $108,932,307.80. The trade was a 2.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Henry Samueli sold 368,797 shares of the company’s stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the sale, the director directly owned 37,722,534 shares of the company’s stock, valued at approximately $12,746,821,463.94. This represents a 0.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have purchased 3,550 shares of company stock valued at $1,227,869 and have sold 665,271 shares valued at $225,464,248. 2.00% of the stock is owned by company insiders.

Broadcom Trading Down 1.7%

Broadcom stock opened at $349.43 on Monday. Broadcom Inc. has a one year low of $138.10 and a one year high of $386.48. The company’s fifty day moving average price is $344.91 and its two-hundred day moving average price is $290.63. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. The company has a market capitalization of $1.65 trillion, a price-to-earnings ratio of 89.14, a PEG ratio of 1.41 and a beta of 1.19.

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 the consensus estimate of $1.66 by $0.03. The company 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 firm’s revenue was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. On average, analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

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