1,687 Shares in Broadcom Inc. $AVGO Acquired by RPS Advisory Solutions LLC

RPS Advisory Solutions LLC acquired a new stake in shares of Broadcom Inc. (NASDAQ:AVGO) in the 2nd quarter, HoldingsChannel reports. The fund acquired 1,687 shares of the semiconductor manufacturer’s stock, valued at approximately $465,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of AVGO. Cheviot Value Management LLC purchased a new position in shares of Broadcom during the first quarter valued at about $25,000. Sawyer & Company Inc boosted its holdings in shares of Broadcom by 62.1% during the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 36 shares in the last quarter. Legend Financial Advisors Inc. purchased a new stake in shares of Broadcom in the 2nd quarter worth about $28,000. LGT Financial Advisors LLC bought a new stake in Broadcom during the second quarter worth about $31,000. Finally, Greenline Partners LLC purchased a new stake in Broadcom in the first quarter worth about $33,000. Institutional investors own 76.43% of the company’s stock.

Insider Buying and Selling at Broadcom

In related news, CFO Kirsten M. Spears sold 7,498 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer owned 313,330 shares of the company’s stock, valued at $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 SEC, which is available at the SEC website. Also, CEO Hock E. Tan sold 148,154 shares of the stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $336.67, for a total value of $49,879,007.18. Following the sale, the chief executive officer directly owned 825,998 shares in the company, valued at $278,088,746.66. This trade represents a 15.21% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have bought 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,464,248. Company insiders own 2.00% of the company’s stock.

Broadcom Stock Down 1.8%

NASDAQ AVGO opened at $351.96 on Wednesday. Broadcom Inc. has a one year low of $138.10 and a one year high of $386.48. The company has a market capitalization of $1.66 trillion, a P/E ratio of 89.79, a P/E/G ratio of 1.45 and a beta of 1.19. The stock has a 50 day moving average price of $347.20 and a 200-day moving average price of $292.95. 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 (NASDAQ:AVGO) last released its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.03. The company had revenue of $15.95 billion during the quarter, compared to analysts’ expectations of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The firm’s quarterly revenue was up 22.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities analysts predict that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently announced 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 is presently 60.20%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Broadcom from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. JPMorgan Chase & Co. raised 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 reiterated a “buy” rating and issued a $340.00 price target on shares of Broadcom in a research note on Wednesday, August 13th. Wells Fargo & Company increased their price target on shares of Broadcom from $255.00 to $345.00 and gave the company an “equal weight” rating in a report on Friday, September 5th. Finally, Weiss Ratings cut shares of Broadcom from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $372.52.

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.