IMA Advisory Services Inc. Acquires 735 Shares of Broadcom Inc. $AVGO

IMA Advisory Services Inc. lifted its holdings in Broadcom Inc. (NASDAQ:AVGO) by 7.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 10,064 shares of the semiconductor manufacturer’s stock after purchasing an additional 735 shares during the period. IMA Advisory Services Inc.’s holdings in Broadcom were worth $2,774,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Cheviot Value Management LLC bought a new stake in Broadcom during the 1st quarter valued at $25,000. Sawyer & Company Inc raised its position 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 acquiring an additional 36 shares in the last quarter. Legend Financial Advisors Inc. purchased a new stake in shares of Broadcom during the 2nd quarter worth $28,000. LGT Financial Advisors LLC bought a new stake in Broadcom during the second quarter valued at about $31,000. Finally, Greenline Partners LLC purchased a new position in Broadcom in the first quarter valued at about $33,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Broadcom Stock Up 0.7%

Shares of AVGO opened at $342.46 on Friday. The company has a market capitalization of $1.62 trillion, a price-to-earnings ratio of 87.36, a PEG ratio of 1.37 and a beta of 1.19. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $386.48. The stock’s 50-day moving average price is $349.09 and its 200-day moving average price is $294.75. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86.

Broadcom (NASDAQ:AVGO) last posted its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, beating 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 analyst estimates of $15.82 billion. During the same period in the previous year, the firm earned $1.24 EPS. The business’s quarterly revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. On average, sell-side analysts predict that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts recently commented on AVGO shares. Rosenblatt Securities boosted their price objective on shares of Broadcom from $340.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Argus upped their price target on Broadcom from $285.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, September 8th. Morgan Stanley set a $409.00 price objective on Broadcom and gave the company an “overweight” rating in a report on Tuesday, October 14th. Sanford C. Bernstein boosted their target price on Broadcom from $295.00 to $400.00 and gave the stock an “outperform” rating in a research note on Friday, September 5th. Finally, Citigroup reiterated a “buy” rating and issued a $415.00 price target (up from $350.00) on shares of Broadcom in a research note on Tuesday, October 14th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Broadcom currently has a consensus rating of “Buy” and a consensus price target of $372.52.

Insider Buying and Selling

In related news, CFO Kirsten M. Spears sold 7,498 shares of Broadcom stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total value of $2,606,754.68. Following the sale, the chief financial officer directly owned 313,330 shares in the company, valued at approximately $108,932,307.80. The trade was a 2.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 sale, the director directly owned 37,722,534 shares in the company, valued at $12,746,821,463.94. This represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have acquired 3,550 shares of company stock worth $1,227,869 and have sold 664,471 shares worth $225,218,280. 2.00% of the stock is owned by company insiders.

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.