Capstone Financial Advisors Inc. Acquires 2,547 Shares of Broadcom Inc. $AVGO

Capstone Financial Advisors Inc. increased its holdings in Broadcom Inc. (NASDAQ:AVGO) by 139.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 4,369 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,547 shares during the quarter. Capstone Financial Advisors Inc.’s holdings in Broadcom were worth $1,204,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Cheviot Value Management LLC purchased a new position in Broadcom in the first quarter valued at about $25,000. Sawyer & Company Inc grew 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 buying an additional 36 shares during the last quarter. Legend Financial Advisors Inc. purchased a new position in shares of Broadcom in the 2nd quarter worth approximately $28,000. LGT Financial Advisors LLC bought a new position in shares of Broadcom during the 2nd quarter worth approximately $31,000. Finally, Greenline Partners LLC purchased a new stake in Broadcom during the first quarter valued at approximately $33,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom Stock Performance

NASDAQ AVGO opened at $342.46 on Monday. The stock has a 50-day simple moving average of $349.09 and a two-hundred day simple moving average of $296.20. 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 firm has a market capitalization of $1.62 trillion, a P/E ratio of 87.36, a PEG ratio of 1.37 and a beta of 1.19. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $386.48.

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

Broadcom Dividend Announcement

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

Wall Street Analysts Forecast Growth

AVGO has been the topic of several analyst reports. Evercore ISI lifted their price target on shares of Broadcom from $342.00 to $403.00 and gave the stock an “outperform” rating in a report on Wednesday, October 15th. Truist Financial boosted their target price on Broadcom from $295.00 to $365.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $340.00 target price on shares of Broadcom in a research report on Wednesday, August 13th. Arete Research raised Broadcom to a “strong-buy” rating in a report on Monday, July 28th. Finally, Sanford C. Bernstein upped their price objective on shares of Broadcom from $295.00 to $400.00 and gave the company an “outperform” rating in a report on Friday, September 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $372.52.

Insider Buying and Selling at Broadcom

In other news, insider Charlie B. Kawwas sold 3,893 shares of the stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the transaction, the insider owned 25,295 shares in the company, valued at $8,798,106.90. This trade represents a 13.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Kirsten M. Spears sold 7,498 shares of Broadcom stock in a transaction dated Wednesday, September 17th. The shares were 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 in the company, valued at approximately $108,932,307.80. This trade represents a 2.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders acquired 3,550 shares of company stock worth $1,227,869 and sold 664,471 shares worth $225,218,280. Corporate 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.