Sawyer & Company Inc Has $26,000 Stock Position in Broadcom Inc. $AVGO

Sawyer & Company Inc lifted its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 62.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 94 shares of the semiconductor manufacturer’s stock after purchasing an additional 36 shares during the quarter. Sawyer & Company Inc’s holdings in Broadcom were worth $26,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Broadcom during the 1st quarter worth $25,000. Cheviot Value Management LLC bought a new stake in shares of Broadcom during the 1st quarter worth $25,000. Inlight Wealth Management LLC bought a new stake in shares of Broadcom during the 1st quarter worth $26,000. Sunbeam Capital Management LLC bought a new stake in shares of Broadcom during the 4th quarter worth $28,000. Finally, Vermillion Wealth Management Inc. bought a new stake in shares of Broadcom during the 4th quarter worth $30,000. 76.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Broadcom

In related news, CFO Kirsten M. Spears sold 7,498 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total transaction of $2,606,754.68. Following the completion of the sale, the chief financial officer owned 313,330 shares of the company’s stock, valued at $108,932,307.80. This trade represents a 2.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Mark David Brazeal sold 16,558 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total value of $5,755,726.38. Following the sale, the insider directly owned 329,302 shares of the company’s stock, valued at $114,468,668.22. This represents a 4.79% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 3,550 shares of company stock valued at $1,227,869 and have sold 840,522 shares valued at $236,959,124. Company insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on AVGO shares. Macquarie assumed coverage on Broadcom in a research report on Monday. They set an “outperform” rating and a $420.00 price objective for the company. KeyCorp increased their target price on Broadcom from $330.00 to $400.00 and gave the company an “overweight” rating in a research report on Friday, September 5th. Evercore ISI reiterated an “outperform” rating and issued a $342.00 target price (up from $304.00) on shares of Broadcom in a research report on Thursday, September 4th. Benchmark increased their target price on Broadcom from $315.00 to $385.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Finally, Morgan Stanley increased their target price on Broadcom from $338.00 to $357.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Broadcom has a consensus rating of “Buy” and an average price target of $356.48.

Broadcom Price Performance

Shares of AVGO opened at $345.35 on Friday. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $374.23. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. The company has a market capitalization of $1.63 trillion, a price-to-earnings ratio of 88.10, a price-to-earnings-growth ratio of 1.91 and a beta of 1.16. The business has a 50-day moving average of $306.64 and a 200-day moving average of $246.25.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, topping 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 company had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.82 billion. During the same period last year, the company earned $1.24 earnings per share. The firm’s revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities research analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, September 22nd. Broadcom’s dividend payout ratio (DPR) is 60.20%.

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.