Broadcom Inc. $AVGO Shares Purchased by Freedom Investment Management Inc.

Freedom Investment Management Inc. increased its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 29.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,480 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,807 shares during the period. Freedom Investment Management Inc.’s holdings in Broadcom were worth $2,089,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Waddell & Associates LLC boosted its stake in Broadcom by 2.1% during the 1st quarter. Waddell & Associates LLC now owns 2,091 shares of the semiconductor manufacturer’s stock worth $350,000 after purchasing an additional 43 shares during the period. True Wealth Design LLC increased its stake in Broadcom by 7.2% in the 4th quarter. True Wealth Design LLC now owns 712 shares of the semiconductor manufacturer’s stock valued at $165,000 after buying an additional 48 shares during the period. Wescott Financial Advisory Group LLC increased its stake in Broadcom by 3.8% in the 1st quarter. Wescott Financial Advisory Group LLC now owns 1,326 shares of the semiconductor manufacturer’s stock valued at $222,000 after buying an additional 48 shares during the period. Martingale Asset Management L P increased its stake in Broadcom by 1.3% in the 1st quarter. Martingale Asset Management L P now owns 3,876 shares of the semiconductor manufacturer’s stock valued at $649,000 after buying an additional 48 shares during the period. Finally, Fulton Breakefield Broenniman LLC increased its stake in Broadcom by 2.4% in the 1st quarter. Fulton Breakefield Broenniman LLC now owns 2,130 shares of the semiconductor manufacturer’s stock valued at $357,000 after buying an additional 50 shares during the period. Institutional investors and hedge funds own 76.43% of the company’s stock.

Insider Buying and Selling at Broadcom

In other news, insider Charlie B. Kawwas sold 10,000 shares of Broadcom stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $252.88, for a total transaction of $2,528,800.00. Following the completion of the transaction, the insider owned 789,784 shares of the company’s stock, valued at $199,720,577.92. The trade was a 1.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Hock E. Tan sold 117,758 shares of the business’s stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $252.91, for a total value of $29,782,175.78. Following the completion of the transaction, the chief executive officer directly owned 1,014,152 shares of the company’s stock, valued at approximately $256,489,182.32. This trade represents a 10.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 830,516 shares of company stock worth $217,286,457. Insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on AVGO shares. The Goldman Sachs Group reissued a “buy” rating and issued a $340.00 price objective on shares of Broadcom in a research note on Wednesday, August 13th. Morgan Stanley set a $338.00 price objective on shares of Broadcom and gave the company an “overweight” rating in a research note on Wednesday, July 30th. Benchmark boosted their price objective on shares of Broadcom from $255.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, June 6th. Rosenblatt Securities raised their target price on Broadcom from $223.00 to $340.00 and gave the company a “buy” rating in a report on Friday, June 6th. Finally, Cowen reissued a “buy” rating on shares of Broadcom in a report on Friday, June 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $298.67.

Broadcom Trading Up 1.5%

NASDAQ:AVGO opened at $294.00 on Friday. The company has a market capitalization of $1.38 trillion, a PE ratio of 110.11, a price-to-earnings-growth ratio of 2.09 and a beta of 1.15. The company has a quick ratio of 0.98, a current ratio of 1.08 and a debt-to-equity ratio of 0.89. Broadcom Inc. has a 52-week low of $134.90 and a 52-week high of $317.35. The stock has a fifty day simple moving average of $282.85 and a 200-day simple moving average of $232.34.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings results on Thursday, June 5th. The semiconductor manufacturer reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.01. The business had revenue of $15 billion during the quarter, compared to the consensus estimate of $14.98 billion. Broadcom had a return on equity of 35.49% and a net margin of 22.64%.The business’s revenue was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $10.96 EPS. Broadcom has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 20th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, June 20th. Broadcom’s payout ratio is 88.39%.

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.