Abel Hall LLC Has $1.82 Million Stock Position in Broadcom Inc. $AVGO

Abel Hall LLC lifted its stake in Broadcom Inc. (NASDAQ:AVGO) by 21.8% in the second quarter, HoldingsChannel reports. The firm owned 6,584 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,177 shares during the period. Broadcom accounts for 0.8% of Abel Hall LLC’s holdings, making the stock its 19th biggest position. Abel Hall LLC’s holdings in Broadcom were worth $1,815,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Triasima Portfolio Management inc. boosted its position in shares of Broadcom by 10.2% in the 2nd quarter. Triasima Portfolio Management inc. now owns 34,122 shares of the semiconductor manufacturer’s stock valued at $9,406,000 after purchasing an additional 3,153 shares during the period. REAP Financial Group LLC boosted its position in shares of Broadcom by 23.8% in the 2nd quarter. REAP Financial Group LLC now owns 1,005 shares of the semiconductor manufacturer’s stock valued at $277,000 after purchasing an additional 193 shares during the period. Sax Wealth Advisors LLC grew its stake in Broadcom by 9.7% during the 2nd quarter. Sax Wealth Advisors LLC now owns 8,725 shares of the semiconductor manufacturer’s stock valued at $2,405,000 after acquiring an additional 772 shares in the last quarter. TPG Financial Advisors LLC acquired a new position in shares of Broadcom in the 2nd quarter valued at about $243,000. Finally, 1 North Wealth Services LLC increased its holdings in shares of Broadcom by 0.8% in the 2nd quarter. 1 North Wealth Services LLC now owns 13,404 shares of the semiconductor manufacturer’s stock valued at $3,695,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 76.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Hsbc Global Res upgraded Broadcom from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 24th. Deutsche Bank Aktiengesellschaft lifted their price target on Broadcom from $300.00 to $350.00 and gave the company a “buy” rating in a report on Friday, September 5th. JPMorgan Chase & Co. lifted their price target on Broadcom from $325.00 to $400.00 and gave the company an “overweight” rating in a report on Friday, September 5th. The Goldman Sachs Group restated a “buy” rating and issued a $340.00 target price on shares of Broadcom in a report on Wednesday, August 13th. Finally, Wall Street Zen upgraded Broadcom from a “hold” rating to a “buy” rating in a report on Saturday, September 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $357.22.

Broadcom Stock Down 5.9%

AVGO opened at $324.63 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. The business has a 50 day moving average price of $322.64 and a 200 day moving average price of $263.58. The firm has a market cap of $1.53 trillion, a P/E ratio of 82.81, a price-to-earnings-growth ratio of 1.80 and a beta of 1.20. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $374.23.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, topping the consensus estimate of $1.66 by $0.03. The company had revenue of $15.95 billion for 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 company’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Research analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

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

Insider Buying and Selling

In other Broadcom news, CEO Hock E. Tan sold 148,154 shares of Broadcom stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $336.67, for a total value of $49,879,007.18. Following the transaction, the chief executive officer directly owned 825,998 shares of the company’s stock, valued at $278,088,746.66. The trade was a 15.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Charlie B. Kawwas sold 3,893 shares of Broadcom stock in a transaction that occurred 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 directly owned 25,295 shares in the company, valued at approximately $8,798,106.90. This represents a 13.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 3,550 shares of company stock worth $1,227,869 and sold 664,471 shares worth $225,184,128. Corporate insiders own 2.00% of the company’s stock.

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.