Archford Capital Strategies LLC Buys 1,681 Shares of Broadcom Inc. $AVGO

Archford Capital Strategies LLC grew its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 4.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,799 shares of the semiconductor manufacturer’s stock after buying an additional 1,681 shares during the quarter. Broadcom accounts for approximately 1.3% of Archford Capital Strategies LLC’s portfolio, making the stock its 15th largest holding. Archford Capital Strategies LLC’s holdings in Broadcom were worth $10,419,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sawyer & Company Inc grew its stake in shares of Broadcom by 62.1% during the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 36 shares during the last quarter. Legend Financial Advisors Inc. bought a new stake in shares of Broadcom in the second quarter worth about $28,000. Maseco LLP bought a new stake in shares of Broadcom in the second quarter worth about $34,000. PFS Partners LLC grew its stake in shares of Broadcom by 38.4% in the second quarter. PFS Partners LLC now owns 137 shares of the semiconductor manufacturer’s stock worth $38,000 after purchasing an additional 38 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Broadcom in the first quarter worth about $25,000. 76.43% of the stock is owned by institutional investors.

Broadcom Price Performance

AVGO stock opened at $338.18 on Friday. The firm has a 50 day moving average price of $317.47 and a 200-day moving average price of $256.30. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $374.23. The firm has a market capitalization of $1.60 trillion, a price-to-earnings ratio of 86.27, a PEG ratio of 1.85 and a beta of 1.20. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.03. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The company 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 business earned $1.24 EPS. The firm’s revenue for the quarter was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. Equities research analysts forecast that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

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

Insider Buying and Selling

In related news, Director Henry Samueli sold 368,797 shares of the business’s stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $337.91, for a total value of $124,620,194.27. Following the completion of the transaction, the director directly owned 37,722,534 shares in the company, valued at $12,746,821,463.94. The trade was a 0.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Charlie B. Kawwas sold 3,893 shares of the business’s 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 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 disclosure for this sale can be found here. Over the last 90 days, insiders bought 3,550 shares of company stock worth $1,227,869 and sold 666,071 shares worth $225,623,008. Insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Mizuho raised their target price on Broadcom from $355.00 to $410.00 and gave the stock an “outperform” rating in a research note on Friday, September 12th. Truist Financial raised 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. Susquehanna lifted their price objective on Broadcom from $280.00 to $300.00 and gave the company a “positive” rating in a research report on Friday, June 6th. TD Cowen lifted their price objective on Broadcom from $355.00 to $370.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Broadcom from $300.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $357.22.

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.