Bordeaux Wealth Advisors LLC Acquires 423 Shares of Broadcom Inc. $AVGO

Bordeaux Wealth Advisors LLC boosted its holdings in Broadcom Inc. (NASDAQ:AVGO) by 9.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 4,982 shares of the semiconductor manufacturer’s stock after buying an additional 423 shares during the period. Bordeaux Wealth Advisors LLC’s holdings in Broadcom were worth $1,373,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AVGO. Brighton Jones LLC lifted its position in Broadcom by 21.8% in the 4th quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock valued at $6,882,000 after acquiring an additional 5,322 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Broadcom by 10.4% during the 4th 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 during the period. Spear Holdings RSC Ltd bought a new position in shares of Broadcom during the 1st quarter valued at $66,748,000. NTV Asset Management LLC lifted its holdings in shares of Broadcom by 59.7% during the 1st quarter. NTV Asset Management LLC now owns 2,391 shares of the semiconductor manufacturer’s stock valued at $400,000 after buying an additional 894 shares during the period. Finally, Stratos Wealth Advisors LLC lifted its holdings in shares of Broadcom by 20.0% during the 1st quarter. Stratos Wealth Advisors LLC now owns 7,733 shares of the semiconductor manufacturer’s stock valued at $1,295,000 after buying an additional 1,289 shares during the period. 76.43% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Broadcom news, insider Mark David Brazeal sold 16,558 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total value of $5,755,726.38. Following the completion of the sale, the insider owned 329,302 shares in the company, valued at approximately $114,468,668.22. This represents a 4.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Justine Page sold 800 shares of the stock in a transaction 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 owned 22,182 shares of the company’s stock, valued at $7,767,027.30. The trade was a 3.48% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have bought 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,464,248. 2.00% of the stock is currently owned by corporate insiders.

Broadcom Trading Up 2.0%

NASDAQ:AVGO opened at $358.98 on Thursday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. The firm has a market capitalization of $1.70 trillion, a price-to-earnings ratio of 91.58, a price-to-earnings-growth ratio of 1.42 and a beta of 1.19. Broadcom Inc. has a one year low of $138.10 and a one year high of $386.48. The business has a fifty day moving average price of $342.93 and a 200-day moving average price of $287.25.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 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 analyst estimates of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.Broadcom’s revenue was up 22.0% on a year-over-year basis. During the same period in the prior year, the business 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 year.

Broadcom Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were paid 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 dividend payout ratio is presently 60.20%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AVGO. Weiss Ratings raised Broadcom from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. Benchmark increased their price target on Broadcom from $315.00 to $385.00 and gave the company a “buy” rating in a report on Friday, September 5th. Piper Sandler increased their price target on Broadcom from $315.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, September 5th. Truist Financial increased their price target on Broadcom from $295.00 to $365.00 and gave the company a “buy” rating in a report on Friday, September 5th. Finally, Sanford C. Bernstein increased their price target on Broadcom from $295.00 to $400.00 and gave the company an “outperform” rating in a report on Friday, September 5th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $372.52.

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.