1,035 Shares in Broadcom Inc. $AVGO Purchased by Norway Savings Bank

Norway Savings Bank bought a new position in shares of Broadcom Inc. (NASDAQ:AVGO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,035 shares of the semiconductor manufacturer’s stock, valued at approximately $285,000.

Several other large investors have also recently added to or reduced their stakes in the business. Capital Market Strategies LLC lifted its position in Broadcom by 1.9% during the second quarter. Capital Market Strategies LLC now owns 6,744 shares of the semiconductor manufacturer’s stock worth $1,859,000 after buying an additional 128 shares during the period. Helen Stephens Group LLC purchased a new position in Broadcom during the second quarter worth about $301,000. First Financial Bank Trust Division lifted its position in Broadcom by 10.0% during the second quarter. First Financial Bank Trust Division now owns 37,314 shares of the semiconductor manufacturer’s stock worth $10,286,000 after buying an additional 3,384 shares during the period. Marotta Asset Management purchased a new position in Broadcom during the second quarter worth about $221,000. Finally, Neville Rodie & Shaw Inc. lifted its position in Broadcom by 18.2% during the second quarter. Neville Rodie & Shaw Inc. now owns 49,133 shares of the semiconductor manufacturer’s stock worth $13,543,000 after buying an additional 7,550 shares during the period. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Broadcom news, Director Harry L. You acquired 500 shares of the stock in a transaction on Wednesday, September 10th. The stock was purchased at an average price of $363.38 per share, for a total transaction of $181,690.00. Following the purchase, the director directly owned 35,602 shares in the company, valued at $12,937,054.76. This trade represents a 1.42% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gayla J. Delly sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $265.13, for a total value of $795,390.00. Following the sale, the director owned 33,352 shares of the company’s stock, valued at approximately $8,842,615.76. This trade represents a 8.25% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 3,550 shares of company stock worth $1,227,869 and have sold 850,912 shares worth $234,854,489. Company insiders own 2.00% of the company’s stock.

Broadcom Price Performance

AVGO stock opened at $359.87 on Friday. 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 1 year low of $138.10 and a 1 year high of $374.23. The firm has a market cap of $1.69 trillion, a P/E ratio of 91.80, a price-to-earnings-growth ratio of 1.99 and a beta of 1.16. The stock has a 50-day simple moving average of $300.31 and a 200-day simple moving average of $241.98.

Broadcom (NASDAQ:AVGO) last posted its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $15.82 billion. During the same quarter last year, the firm earned $1.24 earnings per share. The company’s revenue for the quarter was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. On average, equities analysts predict 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 will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, September 22nd. Broadcom’s dividend payout ratio (DPR) is 60.20%.

Analyst Upgrades and Downgrades

AVGO has been the topic of several recent analyst reports. Benchmark increased their target price on Broadcom from $315.00 to $385.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Evercore ISI restated an “outperform” rating and issued a $342.00 price objective (up from $304.00) on shares of Broadcom in a report on Thursday, September 4th. Redburn Atlantic initiated coverage on Broadcom in a report on Wednesday, May 28th. They issued a “buy” rating and a $301.00 price objective on the stock. Sanford C. Bernstein raised their price objective on Broadcom from $295.00 to $400.00 and gave the stock an “outperform” rating in a report on Friday, September 5th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $340.00 price objective on shares of Broadcom in a report on Wednesday, August 13th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Broadcom has an average rating of “Buy” and an average target price of $354.04.

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.