Oak Ridge Investments LLC Purchases 2,624 Shares of Broadcom Inc. $AVGO

Oak Ridge Investments LLC increased its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 1.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 207,064 shares of the semiconductor manufacturer’s stock after buying an additional 2,624 shares during the quarter. Broadcom accounts for 4.1% of Oak Ridge Investments LLC’s portfolio, making the stock its 6th biggest holding. Oak Ridge Investments LLC’s holdings in Broadcom were worth $57,077,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in Broadcom by 21.8% during the fourth quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock valued at $6,882,000 after purchasing an additional 5,322 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in Broadcom by 10.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock valued at $1,854,000 after purchasing an additional 756 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Broadcom by 9.2% during the first quarter. GAMMA Investing LLC now owns 103,184 shares of the semiconductor manufacturer’s stock valued at $17,276,000 after purchasing an additional 8,672 shares in the last quarter. Inscription Capital LLC acquired a new stake in Broadcom during the first quarter valued at approximately $133,000. Finally, ORG Wealth Partners LLC boosted its holdings in Broadcom by 1,211.9% during the first quarter. ORG Wealth Partners LLC now owns 879 shares of the semiconductor manufacturer’s stock valued at $148,000 after purchasing an additional 812 shares in the last quarter. 76.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AVGO shares. Evercore ISI lifted their price objective on Broadcom from $342.00 to $403.00 and gave the company an “outperform” rating in a report on Wednesday. Wall Street Zen raised Broadcom from a “hold” rating to a “buy” rating in a report on Saturday, September 6th. Macquarie started coverage on Broadcom in a report on Monday, September 15th. They set an “outperform” rating and a $420.00 price objective on the stock. Citigroup reaffirmed a “buy” rating and set a $415.00 price objective (up from $350.00) on shares of Broadcom in a report on Tuesday. Finally, Morgan Stanley set a $409.00 target price on Broadcom and gave the stock an “overweight” rating in a report on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $372.33.

Insider Activity at Broadcom

In other Broadcom news, CEO Hock E. Tan sold 100,000 shares of the company’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $339.58, for a total transaction of $33,958,000.00. Following the completion of the sale, the chief executive officer owned 725,638 shares in the company, valued at approximately $246,412,152.04. The trade was a 12.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Charlie B. Kawwas sold 3,893 shares of the company’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the sale, the insider owned 25,295 shares of the company’s stock, valued at $8,798,106.90. The trade was a 13.34% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,464,248. 2.00% of the stock is currently owned by insiders.

Broadcom Stock Performance

AVGO stock opened at $349.33 on Friday. 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 50 day moving average price of $327.73 and a 200 day moving average price of $268.57. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $374.23. The stock has a market capitalization of $1.65 trillion, a PE ratio of 89.11, a price-to-earnings-growth ratio of 1.99 and a beta of 1.20.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.03. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The firm had revenue of $15.95 billion during the quarter, compared to analysts’ expectations of $15.82 billion. During the same quarter in the previous year, the company posted $1.24 EPS. Broadcom’s revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. Analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

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

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.