Avion Wealth Has $541,000 Position in Broadcom Inc. $AVGO

Avion Wealth boosted its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 32.4% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,965 shares of the semiconductor manufacturer’s stock after buying an additional 481 shares during the quarter. Avion Wealth’s holdings in Broadcom were worth $541,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. PARUS FINANCE UK Ltd lifted its stake in shares of Broadcom by 175.3% in the 1st quarter. PARUS FINANCE UK Ltd now owns 100,578 shares of the semiconductor manufacturer’s stock valued at $16,840,000 after purchasing an additional 64,038 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Broadcom by 27.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 64,130 shares of the semiconductor manufacturer’s stock valued at $10,737,000 after purchasing an additional 13,978 shares during the period. Asio Capital LLC lifted its stake in shares of Broadcom by 2.0% in the 2nd quarter. Asio Capital LLC now owns 54,459 shares of the semiconductor manufacturer’s stock valued at $15,012,000 after purchasing an additional 1,089 shares during the period. Keener Financial Planning LLC lifted its stake in shares of Broadcom by 34.8% in the 1st quarter. Keener Financial Planning LLC now owns 890 shares of the semiconductor manufacturer’s stock valued at $149,000 after purchasing an additional 230 shares during the period. Finally, Diversify Wealth Management LLC lifted its stake in shares of Broadcom by 5.6% in the 1st quarter. Diversify Wealth Management LLC now owns 38,016 shares of the semiconductor manufacturer’s stock valued at $6,365,000 after purchasing an additional 2,016 shares during the period. 76.43% of the stock is owned by institutional investors and hedge funds.

Broadcom Stock Up 3.0%

AVGO stock opened at $372.97 on Wednesday. The stock’s 50 day simple moving average is $334.16 and its 200 day simple moving average is $279.21. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $374.23. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. The company has a market cap of $1.76 trillion, a P/E ratio of 95.15, a price-to-earnings-growth ratio of 2.04 and a beta of 1.20.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings results 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 return on equity of 36.60% and a net margin of 31.59%.The business had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $15.82 billion. During the same period in the prior 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. On average, research analysts expect that Broadcom Inc. will post 5.38 earnings per share 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 issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Monday, September 22nd. Broadcom’s payout ratio is currently 60.20%.

Analyst Ratings Changes

AVGO has been the topic of a number of recent analyst reports. The Goldman Sachs Group reissued a “buy” rating and issued a $340.00 price objective on shares of Broadcom in a research note on Wednesday, August 13th. Wells Fargo & Company boosted their price objective on Broadcom from $255.00 to $345.00 and gave the company an “equal weight” rating in a research note on Friday, September 5th. Barclays set a $450.00 price objective on Broadcom and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Weiss Ratings raised Broadcom from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 24th. Finally, Citigroup reissued a “buy” rating and issued a $415.00 price objective (up from $350.00) on shares of Broadcom in a research note on Tuesday, October 14th. Three investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $372.52.

Insider Activity

In other Broadcom news, Director Henry Samueli sold 368,797 shares of the business’s stock in a transaction that occurred on 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 sale, the director directly owned 37,722,534 shares of the company’s stock, valued at approximately $12,746,821,463.94. The trade was a 0.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Hock E. Tan sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $339.58, for a total value of $33,958,000.00. Following the sale, the chief executive officer directly owned 725,638 shares of the company’s stock, valued at $246,412,152.04. This represents a 12.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders purchased 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,464,248. Company insiders own 2.00% of the company’s stock.

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.