Trillium Asset Management LLC Purchases New Position in Broadcom Inc. $AVGO

Trillium Asset Management LLC acquired a new position in Broadcom Inc. (NASDAQ:AVGO) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,810 shares of the semiconductor manufacturer’s stock, valued at approximately $499,000.

Other hedge funds have also modified their holdings of the company. Cheviot Value Management LLC purchased a new stake in Broadcom during the first quarter valued at $25,000. Sawyer & Company Inc grew its stake in shares of Broadcom by 62.1% in the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 36 shares in the last quarter. Legend Financial Advisors Inc. bought a new stake in shares of Broadcom in the 2nd quarter worth about $28,000. LGT Financial Advisors LLC purchased a new stake in shares of Broadcom during the 2nd quarter valued at about $31,000. Finally, Greenline Partners LLC purchased a new stake in shares of Broadcom during the 1st quarter valued at about $33,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Broadcom Trading Down 1.7%

Shares of NASDAQ AVGO opened at $349.43 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. The business’s 50 day moving average price is $344.91 and its 200-day moving average price is $290.63. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $386.48. The company has a market cap of $1.65 trillion, a price-to-earnings ratio of 89.14, a PEG ratio of 1.41 and a beta of 1.19.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data 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. The company had revenue of $15.95 billion during the quarter, compared to analysts’ expectations of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.Broadcom’s revenue was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. On average, sell-side analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were paid 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 of this dividend was Monday, September 22nd. Broadcom’s payout ratio is currently 60.20%.

Analyst Ratings Changes

Several research firms recently commented on AVGO. Arete Research upgraded Broadcom to a “strong-buy” rating in a research report on Monday, July 28th. Bank of America raised their price objective on Broadcom from $300.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Mizuho set a $435.00 target price on Broadcom and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Argus boosted their target price on Broadcom from $285.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, September 8th. Finally, Macquarie started coverage on Broadcom in a report on Monday, September 15th. They set an “outperform” rating and a $420.00 price target on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Broadcom has a consensus rating of “Buy” and an average target price of $372.52.

Insider Transactions at Broadcom

In related news, insider Mark David Brazeal sold 16,558 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total value of $5,755,726.38. Following the transaction, the insider owned 329,302 shares of the company’s stock, valued at $114,468,668.22. This trade represents a 4.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Hock E. Tan sold 148,154 shares of Broadcom stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $336.67, for a total transaction of $49,879,007.18. Following the sale, the chief executive officer owned 825,998 shares of the company’s stock, valued at $278,088,746.66. The trade was a 15.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders purchased 3,550 shares of company stock valued at $1,227,869 and sold 665,271 shares valued at $225,464,248. Company insiders own 2.00% of the company’s stock.

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.