GR Financial Group LLC Invests $2.07 Million in Broadcom Inc. $AVGO

GR Financial Group LLC purchased a new position in Broadcom Inc. (NASDAQ:AVGO) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,493 shares of the semiconductor manufacturer’s stock, valued at approximately $2,066,000. Broadcom comprises 0.5% of GR Financial Group LLC’s holdings, making the stock its 11th largest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AVGO. Assetmark Inc. boosted its stake in shares of Broadcom by 2.4% in the 2nd quarter. Assetmark Inc. now owns 1,703,487 shares of the semiconductor manufacturer’s stock worth $469,566,000 after buying an additional 39,466 shares during the last quarter. PARUS FINANCE UK Ltd lifted its holdings in Broadcom by 175.3% in the first quarter. PARUS FINANCE UK Ltd now owns 100,578 shares of the semiconductor manufacturer’s stock valued at $16,840,000 after acquiring an additional 64,038 shares during the period. Geneos Wealth Management Inc. boosted its position in Broadcom by 27.9% in the first quarter. Geneos Wealth Management Inc. now owns 64,130 shares of the semiconductor manufacturer’s stock worth $10,737,000 after purchasing an additional 13,978 shares during the last quarter. Ethic Inc. grew its stake in shares of Broadcom by 1.6% during the 2nd quarter. Ethic Inc. now owns 329,339 shares of the semiconductor manufacturer’s stock valued at $88,708,000 after purchasing an additional 5,249 shares during the period. Finally, Asio Capital LLC increased its position in shares of Broadcom by 2.0% during the 2nd quarter. Asio Capital LLC now owns 54,459 shares of the semiconductor manufacturer’s stock valued at $15,012,000 after purchasing an additional 1,089 shares during the last quarter. Institutional investors own 76.43% of the company’s stock.

Broadcom Stock Performance

Shares of NASDAQ AVGO opened at $354.42 on Thursday. The stock has a market cap of $1.67 trillion, a PE ratio of 90.41, a price-to-earnings-growth ratio of 1.17 and a beta of 1.19. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $386.48. The firm has a fifty day moving average price of $348.80 and a 200-day moving average price of $298.58. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37.

Broadcom (NASDAQ:AVGO) last released its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.03. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The company had revenue of $15.95 billion for the quarter, compared to analysts’ expectations of $15.82 billion. During the same quarter in the previous year, the company earned $1.24 EPS. Broadcom’s revenue for the quarter 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 fiscal year.

Broadcom Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were paid a $0.59 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. Broadcom’s dividend payout ratio is 60.20%.

Insider Activity

In related news, insider Mark David Brazeal sold 16,558 shares of Broadcom stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the sale, the insider owned 329,302 shares of the company’s stock, valued at approximately $114,468,668.22. This trade represents a 4.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Henry Samueli sold 368,797 shares of the business’s stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total value of $124,620,194.27. Following the completion of the transaction, the director directly owned 37,722,534 shares in the company, valued at approximately $12,746,821,463.94. This represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have bought 3,550 shares of company stock valued at $1,227,869 and have sold 665,271 shares valued at $225,483,192. Company insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on AVGO shares. Mizuho set a $435.00 price objective on shares of Broadcom and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Wall Street Zen upgraded shares of Broadcom from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Macquarie started coverage on shares of Broadcom in a research report on Monday, September 15th. They set an “outperform” rating and a $420.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on Broadcom from $325.00 to $400.00 and gave the stock an “overweight” rating in a research note on Friday, September 5th. 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-nine have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Broadcom has a consensus rating of “Buy” and an average target price of $372.52.

Broadcom Company 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.