TME Financial Inc. Makes New Investment in Broadcom Inc. $AVGO

TME Financial Inc. purchased a new position in shares of Broadcom Inc. (NASDAQ:AVGO) during the second quarter, Holdings Channel.com reports. The fund purchased 777 shares of the semiconductor manufacturer’s stock, valued at approximately $214,000.

Other hedge funds have also recently modified their holdings of the company. FWG Holdings LLC raised its position in shares of Broadcom by 0.9% in the 2nd quarter. FWG Holdings LLC now owns 4,689 shares of the semiconductor manufacturer’s stock valued at $1,396,000 after purchasing an additional 44 shares during the last quarter. HFG Advisors Inc. acquired a new position in Broadcom during the 2nd quarter valued at approximately $259,000. Washburn Capital Management Inc. raised its holdings in shares of Broadcom by 4.3% in the second quarter. Washburn Capital Management Inc. now owns 5,674 shares of the semiconductor manufacturer’s stock worth $1,564,000 after buying an additional 235 shares during the last quarter. Sunburst Financial Group LLC lifted its stake in shares of Broadcom by 11.8% during the second quarter. Sunburst Financial Group LLC now owns 1,901 shares of the semiconductor manufacturer’s stock worth $524,000 after buying an additional 201 shares during the period. Finally, Cassaday & Co Wealth Management LLC grew its holdings in shares of Broadcom by 2.2% during the second quarter. Cassaday & Co Wealth Management LLC now owns 5,905 shares of the semiconductor manufacturer’s stock valued at $1,628,000 after buying an additional 125 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on AVGO shares. Benchmark raised their target price on Broadcom from $315.00 to $385.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. UBS Group set a $415.00 price objective on Broadcom and gave the company a “buy” rating in a report on Tuesday, October 14th. Wall Street Zen downgraded Broadcom from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Citigroup reiterated a “buy” rating and issued a $415.00 target price (up previously from $350.00) on shares of Broadcom in a research report on Tuesday, October 14th. Finally, Deutsche Bank Aktiengesellschaft set a $400.00 price target on shares of Broadcom and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $372.52.

Broadcom Stock Down 1.7%

Broadcom stock opened at $349.43 on Friday. The business’s 50-day moving average price is $344.91 and its 200 day moving average price is $289.83. 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 firm has a market cap of $1.65 trillion, a price-to-earnings ratio of 89.14, a price-to-earnings-growth ratio of 1.41 and a beta of 1.19. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $386.48.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings results 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 the consensus estimate of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.Broadcom’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. As a group, sell-side analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were issued a dividend of $0.59 per share. 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 60.20%.

Insider Activity at Broadcom

In other Broadcom news, insider Charlie B. Kawwas sold 3,893 shares of Broadcom stock in a transaction on Wednesday, September 17th. The shares were 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 owned 25,295 shares of the company’s stock, valued at approximately $8,798,106.90. The trade was a 13.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Henry Samueli sold 368,797 shares of the company’s stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the completion of the transaction, the director owned 37,722,534 shares of the company’s stock, valued at approximately $12,746,821,463.94. This trade represents a 0.97% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have acquired 3,550 shares of company stock valued at $1,227,869 and have sold 665,271 shares valued at $225,464,248. Corporate insiders own 2.00% of the company’s stock.

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.