Ceera Investments LLC Makes New $262,000 Investment in Broadcom Inc. $AVGO
Ceera Investments LLC has made a new investment of $262,000 in Broadcom Inc. (NASDAQ:AVGO), acquiring 950 shares in the second quarter. Other hedge funds have also increased their stakes in Broadcom. The company reported a quarterly EPS of $1.69, exceeding estimates, with revenue of $15.95 billion, up 22% year-over-year. Broadcom recently declared a quarterly dividend of $0.59. Analysts have set target prices ranging from $340 to $460, with a consensus rating of "Buy" and a target price of $372.52.
Ceera Investments LLC purchased a new stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 950 shares of the semiconductor manufacturer's stock, valued at approximately $262,000.
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A number of other hedge funds also recently bought and sold shares of the company. Sawyer & Company Inc lifted 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 buying an additional 36 shares in the last quarter. PFS Partners LLC raised its holdings in Broadcom by 38.4% in the 2nd quarter. PFS Partners LLC now owns 137 shares of the semiconductor manufacturer's stock worth $38,000 after acquiring an additional 38 shares during the last quarter. Costello Asset Management INC raised its holdings in Broadcom by 1.5% in the 2nd quarter. Costello Asset Management INC now owns 2,528 shares of the semiconductor manufacturer's stock worth $697,000 after acquiring an additional 38 shares during the last quarter. Carson Advisory Inc. lifted its position in Broadcom by 2.0% in the 2nd quarter. Carson Advisory Inc. now owns 2,023 shares of the semiconductor manufacturer's stock valued at $558,000 after acquiring an additional 39 shares in the last quarter. Finally, Prairie Wealth Advisors Inc. boosted its stake in Broadcom by 0.6% during the 2nd quarter. Prairie Wealth Advisors Inc. now owns 7,285 shares of the semiconductor manufacturer's stock valued at $2,008,000 after purchasing an additional 40 shares during the last quarter. Institutional investors own 76.43% of the company's stock.
Broadcom Trading Down 1.7%
Shares of NASDAQ:AVGO opened at $349.43 on Friday. The stock's 50-day simple moving average is $344.91 and its two-hundred day simple moving average is $289.00. The stock has a market capitalization 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 Inc. has a 52-week low of $138.10 and a 52-week high of $386.48. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50.
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Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS 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 quarter in the prior year, the firm earned $1.24 EPS. The business's revenue for the quarter was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. Analysts expect 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. Shareholders of record on Monday, September 22nd were given a $0.59 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.36 annualized dividend and a yield of 0.7%. Broadcom's dividend payout ratio (DPR) is presently 60.20%.
Analyst Ratings Changes
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A number of analysts have commented on the company. Mizuho set a $435.00 target price on Broadcom and gave the stock an "outperform" rating in a report on Tuesday, October 21st. KeyCorp set a $460.00 price objective on Broadcom in a report on Monday, October 13th. Macquarie started coverage on Broadcom in a research report on Monday, September 15th. They issued an "outperform" rating and a $420.00 target price for the company. Morgan Stanley set a $409.00 price target on shares of Broadcom and gave the company an "overweight" rating in a report on Tuesday, October 14th. Finally, Rosenblatt Securities lifted their price target 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. Three analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $372.52.
Get Our Latest Report on Broadcom
Insiders Place Their Bets
In related news, insider Charlie B. Kawwas sold 3,893 shares of the firm's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total value of $1,354,063.26. Following the transaction, the insider directly owned 25,295 shares of the company's stock, valued at approximately $8,798,106.90. This trade represents a 13.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Hock E. Tan sold 148,154 shares of Broadcom stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $336.67, for a total value of $49,879,007.18. Following the transaction, the chief executive officer owned 825,998 shares in the company, valued at $278,088,746.66. This trade represents a 15.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders purchased 3,550 shares of company stock valued at $1,227,869 and sold 665,271 shares valued at $225,464,248. Insiders own 2.00% of the company's stock.
Broadcom Profile
(Free Report)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.
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