Inspire Advisors LLC Buys 3,122 Shares of Broadcom Inc. $AVGO
Inspire Advisors LLC increased its stake in Broadcom Inc. by 167.8% in Q2, acquiring 3,122 additional shares, now holding 4,982 shares valued at $1,373,000. Other major investors like Vanguard and Geode Capital also increased their holdings. Broadcom's stock performance and insider trading activities are highlighted, with a recent quarterly earnings report showing a revenue increase of 22% year-over-year.
Inspire Advisors LLC grew its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 167.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,982 shares of the semiconductor manufacturer's stock after acquiring an additional 3,122 shares during the quarter. Inspire Advisors LLC's holdings in Broadcom were worth $1,373,000 as of its most recent SEC filing.
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Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Broadcom by 1.3% in the second quarter. Vanguard Group Inc. now owns 483,442,939 shares of the semiconductor manufacturer's stock worth $133,261,046,000 after buying an additional 6,222,802 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Broadcom by 2.1% during the second quarter. Geode Capital Management LLC now owns 108,610,718 shares of the semiconductor manufacturer's stock valued at $29,827,649,000 after buying an additional 2,226,585 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Broadcom by 37.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer's stock valued at $10,968,270,000 after acquiring an additional 17,985,046 shares in the last quarter. Nuveen LLC purchased a new position in Broadcom in the 1st quarter worth approximately $6,649,117,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Broadcom by 2.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 35,243,467 shares of the semiconductor manufacturer's stock valued at $5,900,814,000 after acquiring an additional 842,088 shares in the last quarter. Hedge funds and other institutional investors own 76.43% of the company's stock.
Insider Activity
In other news, Director Justine Page sold 800 shares of the company's stock in a transaction on Friday, November 14th. The stock was sold at an average price of $331.14, for a total value of $264,912.00. Following the completion of the sale, the director directly owned 21,382 shares in the company, valued at $7,080,435.48. This represents a 3.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, 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 completion of the transaction, the insider directly owned 25,295 shares in the company, valued at approximately $8,798,106.90. This represents a 13.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have purchased 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,483,192. 2.00% of the stock is currently owned by insiders.
Broadcom Trading Up 4.1%
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Broadcom stock opened at $354.42 on Thursday. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $386.48. The company has a market cap of $1.67 trillion, a P/E ratio of 90.41, a P/E/G ratio of 1.17 and a beta of 1.19. 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 business has a 50-day simple moving average of $348.80 and a two-hundred day simple moving average of $298.58.
Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.03. The firm had revenue of $15.95 billion for 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 quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Analysts predict that Broadcom Inc. will post 5.38 EPS for the current year.
Broadcom Dividend Announcement
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The firm also recently declared 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 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, September 22nd. Broadcom's dividend payout ratio (DPR) is currently 60.20%.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on AVGO shares. Citigroup reaffirmed a "buy" rating and set a $415.00 price target (up from $350.00) on shares of Broadcom in a report on Tuesday, October 14th. Wall Street Zen raised Broadcom from a "hold" rating to a "buy" rating in a research report on Saturday, November 15th. Morgan Stanley set a $409.00 target price on shares of Broadcom and gave the company an "overweight" rating in a research note on Tuesday, October 14th. UBS Group set a $415.00 price target on shares of Broadcom and gave the stock a "buy" rating in a research note on Tuesday, October 14th. Finally, Bank of America boosted their price objective on shares of Broadcom from $300.00 to $400.00 and gave the company a "buy" 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. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $372.52.
View Our Latest Analysis on AVGO
About Broadcom
(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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