Ceera Investments LLC Makes New Investment in Broadcom Inc. $AVGO

Ceera Investments LLC purchased a new position in Broadcom Inc. (NASDAQ:AVGO) in the second quarter, HoldingsChannel reports. The firm purchased 950 shares of the semiconductor manufacturer’s stock, valued at approximately $262,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Cheviot Value Management LLC purchased a new stake in Broadcom in the 1st quarter worth $25,000. Sawyer & Company Inc boosted its stake in shares of Broadcom by 62.1% in the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 36 shares during the period. Legend Financial Advisors Inc. bought a new position in shares of Broadcom in the second quarter worth about $28,000. LGT Financial Advisors LLC purchased a new stake in shares of Broadcom during the second quarter worth about $31,000. Finally, Greenline Partners LLC bought a new stake in Broadcom during the 1st quarter valued at approximately $33,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Broadcom Price Performance

Broadcom stock opened at $349.43 on Friday. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $386.48. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. The firm’s fifty day moving average is $344.91 and its 200 day moving average is $289.00. The company has a market cap of $1.65 trillion, a price-to-earnings ratio of 89.14, a PEG ratio of 1.43 and a beta of 1.19.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.03. The business 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 business’s revenue was up 22.0% on a year-over-year basis. During the same period last year, the company posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Sell-side analysts forecast that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

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

Wall Street Analyst Weigh In

AVGO has been the subject of several recent analyst reports. The Goldman Sachs Group restated a “buy” rating and issued a $340.00 price target on shares of Broadcom in a research note on Wednesday, August 13th. UBS Group set a $415.00 target price on shares of Broadcom and gave the stock a “buy” rating in a report on Tuesday, October 14th. Argus raised their target price on shares of Broadcom from $285.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, September 8th. Deutsche Bank Aktiengesellschaft set a $400.00 price target on shares of Broadcom and gave the company a “buy” rating in a report on Tuesday, October 14th. Finally, Piper Sandler increased their price objective on shares of Broadcom from $315.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, September 5th. Three research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $372.52.

Insider Buying and Selling at Broadcom

In other news, Director Justine Page sold 800 shares of the firm’s stock in a transaction that occurred on Tuesday, October 14th. The stock was sold at an average price of $350.15, for a total value of $280,120.00. Following the completion of the sale, the director directly owned 22,182 shares of the company’s stock, valued at $7,767,027.30. This trade represents a 3.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Henry Samueli sold 368,797 shares of Broadcom stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total value of $124,620,194.27. Following the completion of the transaction, the director owned 37,722,534 shares of the company’s stock, valued at approximately $12,746,821,463.94. This trade represents a 0.97% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders bought 3,550 shares of company stock valued at $1,227,869 and sold 665,271 shares valued at $225,464,248. 2.00% of the stock is currently owned by company insiders.

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.