Fort Sheridan Advisors LLC Purchases 684 Shares of Broadcom Inc. (NASDAQ:AVGO)

12 Jul 2025, 13:42 by Amy Steele · The Cerbat Gem

Fort Sheridan Advisors LLC increased its position in Broadcom Inc. (NASDAQ:AVGO – Free Report) by 9.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,242 shares of the semiconductor manufacturer’s stock after purchasing an additional 684 shares during the period. Fort Sheridan Advisors LLC’s holdings in Broadcom were worth $1,380,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. SlateStone Wealth LLC boosted its stake in Broadcom by 0.3% in the 4th quarter. SlateStone Wealth LLC now owns 13,832 shares of the semiconductor manufacturer’s stock worth $3,207,000 after purchasing an additional 47 shares in the last quarter. True Wealth Design LLC boosted its stake in Broadcom by 7.2% in the 4th quarter. True Wealth Design LLC now owns 712 shares of the semiconductor manufacturer’s stock worth $165,000 after purchasing an additional 48 shares in the last quarter. Samalin Investment Counsel LLC boosted its stake in Broadcom by 1.0% in the 4th quarter. Samalin Investment Counsel LLC now owns 4,983 shares of the semiconductor manufacturer’s stock worth $1,155,000 after purchasing an additional 50 shares in the last quarter. Mizuho Bank Ltd. boosted its stake in Broadcom by 7.1% in the 4th quarter. Mizuho Bank Ltd. now owns 750 shares of the semiconductor manufacturer’s stock worth $174,000 after purchasing an additional 50 shares in the last quarter. Finally, American Financial Advisors LLC boosted its stake in Broadcom by 3.8% in the 1st quarter. American Financial Advisors LLC now owns 1,432 shares of the semiconductor manufacturer’s stock worth $240,000 after purchasing an additional 52 shares in the last quarter. Institutional investors own 76.43% of the company’s stock.

Broadcom Price Performance

NASDAQ AVGO opened at $274.38 on Friday. Broadcom Inc. has a 12 month low of $128.50 and a 12 month high of $281.18. The stock has a market cap of $1.29 trillion, a price-to-earnings ratio of 102.76, a PEG ratio of 1.96 and a beta of 1.12. The company’s 50 day moving average is $246.70 and its two-hundred day moving average is $218.87. The company has a current ratio of 1.08, a quick ratio of 0.98 and a debt-to-equity ratio of 0.89.

Broadcom (NASDAQ:AVGO – Get Free Report) last released its earnings results on Thursday, June 5th. The semiconductor manufacturer reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.01. Broadcom had a net margin of 22.64% and a return on equity of 35.49%. The company had revenue of $15 billion for the quarter, compared to analysts’ expectations of $14.98 billion. During the same quarter last year, the business earned $10.96 EPS. The firm’s revenue was up 20.2% compared to the same quarter last year. As a group, research analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom announced that its Board of Directors has initiated a share repurchase plan on Monday, April 7th that authorizes the company to buyback $10.00 billion in shares. This buyback authorization authorizes the semiconductor manufacturer to repurchase up to 1.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Broadcom Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 20th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date was Friday, June 20th. Broadcom’s payout ratio is 88.39%.

Insider Activity at Broadcom

In other Broadcom news, CEO Hock E. Tan sold 40,000 shares of the stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $268.29, for a total transaction of $10,731,600.00. Following the completion of the sale, the chief executive officer directly owned 482,836 shares of the company’s stock, valued at $129,540,070.44. This trade represents a 7.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kirsten M. Spears sold 36,350 shares of the stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $261.27, for a total transaction of $9,497,164.50. Following the sale, the chief financial officer directly owned 325,587 shares of the company’s stock, valued at approximately $85,066,115.49. This trade represents a 10.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 829,716 shares of company stock worth $216,933,761 in the last 90 days. Insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on AVGO shares. Morgan Stanley upped their target price on shares of Broadcom from $260.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, June 6th. Wall Street Zen upgraded shares of Broadcom from a “hold” rating to a “buy” rating in a research note on Saturday, July 5th. Rosenblatt Securities upped their target price on shares of Broadcom from $223.00 to $340.00 and gave the company a “buy” rating in a research note on Friday, June 6th. Erste Group Bank upgraded shares of Broadcom from a “hold” rating to a “buy” rating in a research note on Thursday, June 5th. Finally, HSBC upgraded shares of Broadcom from a “hold” rating to a “buy” rating and set a $400.00 target price on the stock in a research note on Tuesday, June 24th. One investment analyst has rated the stock with a hold rating, twenty-seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Broadcom currently has a consensus rating of “Buy” and an average target price of $290.21.

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