Broadcom Inc. $AVGO Shares Bought by JGP Wealth Management LLC

JGP Wealth Management LLC increased its holdings in Broadcom Inc. (NASDAQ:AVGO) by 6.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,471 shares of the semiconductor manufacturer’s stock after purchasing an additional 201 shares during the quarter. JGP Wealth Management LLC’s holdings in Broadcom were worth $957,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Barnes Dennig Private Wealth Management LLC acquired a new position in Broadcom in the 1st quarter worth about $25,000. Cheviot Value Management LLC acquired a new position in Broadcom in the 1st quarter worth about $25,000. Inlight Wealth Management LLC acquired a new position in Broadcom in the 1st quarter worth about $26,000. Sawyer & Company Inc raised its holdings in Broadcom by 62.1% in the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 36 shares during the period. Finally, Legend Financial Advisors Inc. acquired a new position in Broadcom in the 2nd quarter worth about $28,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on AVGO shares. Morgan Stanley set a $409.00 price target on Broadcom and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft set a $400.00 price objective on Broadcom and gave the stock a “buy” rating in a research note on Tuesday, October 14th. Weiss Ratings lowered Broadcom from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Hsbc Global Res upgraded Broadcom from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 24th. Finally, Barclays set a $450.00 price objective on Broadcom and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $372.33.

Insiders Place Their Bets

In related news, CEO Hock E. Tan sold 100,000 shares of the 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 completion of the transaction, the chief executive officer directly owned 725,638 shares in the company, valued at approximately $246,412,152.04. This represents a 12.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Henry Samueli sold 368,797 shares of the 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 $12,746,821,463.94. The trade was a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety 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.

Broadcom Price Performance

AVGO stock opened at $349.24 on Tuesday. 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 business has a 50 day simple moving average of $328.64 and a 200-day simple moving average of $271.47. The firm has a market capitalization of $1.65 trillion, a PE ratio of 89.09, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $374.23.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.03. The business 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%.The business’s revenue was up 22.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. Equities research analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were given a $0.59 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. Broadcom’s dividend payout ratio is 60.20%.

About Broadcom

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.