Trillium Asset Management LLC Acquires New Shares in Broadcom Inc. $AVGO

Trillium Asset Management LLC acquired a new position in Broadcom Inc. (NASDAQ:AVGO) in the second quarter, HoldingsChannel reports. The fund acquired 1,810 shares of the semiconductor manufacturer’s stock, valued at approximately $499,000.

A number of other institutional investors have also added to or reduced their stakes in AVGO. Cheviot Value Management LLC bought a new position in shares of Broadcom during the first quarter valued at approximately $25,000. Sawyer & Company Inc raised 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 buying an additional 36 shares in the last quarter. Legend Financial Advisors Inc. purchased a new stake in Broadcom during the second quarter worth $28,000. LGT Financial Advisors LLC bought a new stake in Broadcom during the 2nd quarter valued at $31,000. Finally, Greenline Partners LLC bought a new stake in Broadcom during the 1st quarter valued at $33,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom Trading Down 1.7%

Broadcom stock opened at $349.43 on Monday. The stock has a 50-day moving average of $344.91 and a two-hundred day moving average of $290.63. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. Broadcom Inc. has a one year low of $138.10 and a one year high of $386.48. The stock has a market cap of $1.65 trillion, a PE ratio of 89.14, a price-to-earnings-growth ratio of 1.41 and a beta of 1.19.

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 business had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. During the same quarter in the previous year, the firm earned $1.24 earnings per share. The company’s revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. On average, research analysts anticipate that Broadcom Inc. will post 5.38 EPS 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 paid a dividend of $0.59 per share. The ex-dividend date was Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. Broadcom’s dividend payout ratio is presently 60.20%.

Wall Street Analyst Weigh In

AVGO has been the topic of a number of analyst reports. Wall Street Zen downgraded Broadcom from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Rosenblatt Securities raised their price objective on Broadcom from $340.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Mizuho set a $435.00 target price on Broadcom and gave the company an “outperform” rating in a research note on Tuesday, October 21st. Truist Financial boosted their target price on shares of Broadcom from $295.00 to $365.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Finally, Benchmark raised their price target on shares of Broadcom from $315.00 to $385.00 and gave the company a “buy” rating in a 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 assigned a Hold rating to the stock. According to MarketBeat, Broadcom has a consensus rating of “Buy” and a consensus price target of $372.52.

Insiders Place Their Bets

In related news, insider Charlie B. Kawwas sold 3,893 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider owned 25,295 shares in the company, valued at $8,798,106.90. This trade represents a 13.34% decrease in their position. The sale 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 Broadcom stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total value of $5,755,726.38. Following the sale, the insider directly owned 329,302 shares of the company’s stock, valued at approximately $114,468,668.22. This represents a 4.79% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have bought 3,550 shares of company stock valued at $1,227,869 and have sold 665,271 shares valued at $225,464,248. 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.