Broadcom Inc. $AVGO Shares Acquired by Quadrant Capital Group LLC

by · The Cerbat Gem

Quadrant Capital Group LLC increased its stake in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) by 17.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,723 shares of the semiconductor manufacturer’s stock after purchasing an additional 17,916 shares during the quarter. Broadcom accounts for 1.2% of Quadrant Capital Group LLC’s holdings, making the stock its 13th largest holding. Quadrant Capital Group LLC’s holdings in Broadcom were worth $33,553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Brighton Jones LLC lifted its position in shares of Broadcom by 21.8% during the 4th quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock worth $6,882,000 after purchasing an additional 5,322 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in Broadcom by 10.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock valued at $1,854,000 after buying an additional 756 shares in the last quarter. United Bank lifted its holdings in Broadcom by 76.5% during the 1st quarter. United Bank now owns 2,339 shares of the semiconductor manufacturer’s stock worth $392,000 after buying an additional 1,014 shares during the last quarter. Fiera Capital Corp boosted its stake in Broadcom by 1.1% in the first quarter. Fiera Capital Corp now owns 12,084 shares of the semiconductor manufacturer’s stock valued at $2,023,000 after acquiring an additional 137 shares in the last quarter. Finally, TCTC Holdings LLC grew its holdings in shares of Broadcom by 3.3% during the first quarter. TCTC Holdings LLC now owns 2,107 shares of the semiconductor manufacturer’s stock worth $353,000 after purchasing an additional 67 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

Broadcom Stock Performance

Shares of AVGO opened at $397.57 on Thursday. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $399.87. The stock has a market cap of $1.88 trillion, a P/E ratio of 101.42, a PEG ratio of 1.31 and a beta of 1.19. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. The company has a 50-day moving average of $349.96 and a two-hundred day moving average of $304.36.

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 (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.03. The firm 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%.The company’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. As a group, research analysts predict that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were paid 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 dividend yield of 0.6%. Broadcom’s dividend payout ratio (DPR) is presently 60.20%.

Insider Activity

In related news, insider Charlie B. Kawwas sold 3,893 shares of the business’s stock in a transaction dated 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Hock E. Tan sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $339.58, for a total transaction of $33,958,000.00. Following the sale, the chief executive officer directly owned 725,638 shares in the company, valued at $246,412,152.04. This represents a 12.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have bought 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 owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on AVGO shares. The Goldman Sachs Group set a $435.00 price target on Broadcom and gave the stock a “buy” rating in a research note on Tuesday. Mizuho set a $435.00 price objective on Broadcom and gave the stock an “outperform” rating in a report on Tuesday, October 21st. JPMorgan Chase & Co. raised their target price on Broadcom from $325.00 to $400.00 and gave the company an “overweight” rating in a report on Friday, September 5th. KeyCorp set a $460.00 price target on shares of Broadcom in a research note on Monday, October 13th. Finally, Citigroup reiterated a “buy” rating and issued a $415.00 price objective (up previously from $350.00) on shares of Broadcom in a research note on Tuesday, October 14th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Broadcom currently has a consensus rating of “Buy” and a consensus target price of $377.61.

Check Out Our Latest Research Report on Broadcom

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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