Summit Wealth & Retirement Planning Inc. Buys 3,568 Shares of Broadcom Inc. $AVGO

Summit Wealth & Retirement Planning Inc. lifted its stake in Broadcom Inc. (NASDAQ:AVGO) by 127.0% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 6,378 shares of the semiconductor manufacturer’s stock after purchasing an additional 3,568 shares during the quarter. Broadcom comprises about 0.5% of Summit Wealth & Retirement Planning Inc.’s holdings, making the stock its 29th biggest position. Summit Wealth & Retirement Planning Inc.’s holdings in Broadcom were worth $1,758,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in Broadcom by 21.8% during the fourth quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock valued at $6,882,000 after purchasing an additional 5,322 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Broadcom by 10.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock worth $1,854,000 after purchasing an additional 756 shares in the last quarter. Edgestream Partners L.P. raised its position in shares of Broadcom by 88.6% during the 1st quarter. Edgestream Partners L.P. now owns 16,608 shares of the semiconductor manufacturer’s stock valued at $2,781,000 after purchasing an additional 7,803 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Broadcom by 10.6% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,792,601 shares of the semiconductor manufacturer’s stock valued at $467,565,000 after buying an additional 266,987 shares in the last quarter. Finally, Grey Fox Wealth Advisors LLC boosted its holdings in Broadcom by 54.4% in the 1st quarter. Grey Fox Wealth Advisors LLC now owns 1,488 shares of the semiconductor manufacturer’s stock worth $249,000 after buying an additional 524 shares during the period. 76.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Broadcom

In other news, Director Justine Page sold 800 shares of the firm’s stock in a transaction that occurred on Tuesday, October 14th. The stock was sold at an average price of $350.15, for a total value of $280,120.00. Following the completion of the sale, the director directly owned 22,182 shares of the company’s stock, valued at $7,767,027.30. This trade represents a 3.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Henry Samueli sold 368,797 shares of Broadcom stock in a transaction that occurred on Wednesday, September 24th. The stock was 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 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 SEC filing for this sale provides additional information. Over the last 90 days, insiders bought 3,550 shares of company stock valued at $1,227,869 and sold 665,271 shares valued at $225,464,248. 2.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on AVGO. TD Cowen raised their price target on Broadcom from $355.00 to $370.00 and gave the company a “buy” rating in a report on Friday, September 5th. Macquarie started coverage on Broadcom in a research note on Monday, September 15th. They set an “outperform” rating and a $420.00 target price on the stock. Barclays set a $450.00 price target on Broadcom and gave the stock an “overweight” rating in a report on Tuesday, October 14th. The Goldman Sachs Group restated a “buy” rating and issued a $340.00 price target on shares of Broadcom in a research note on Wednesday, August 13th. Finally, Benchmark lifted their price objective on shares of Broadcom from $315.00 to $385.00 and gave the company a “buy” rating in a research 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 given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $372.52.

Broadcom Price Performance

Broadcom stock opened at $351.96 on Wednesday. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $386.48. 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’s fifty day moving average is $347.20 and its 200 day moving average is $292.95. The company has a market cap of $1.66 trillion, a price-to-earnings ratio of 89.79, a PEG ratio of 1.45 and a beta of 1.19.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.03. The business had revenue of $15.95 billion during 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 revenue was up 22.0% on a year-over-year basis. During the same period last year, the company posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Sell-side analysts forecast 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. Shareholders of record on Monday, September 22nd were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, September 22nd. Broadcom’s payout ratio is presently 60.20%.

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.