Broadcom Inc. $AVGO Shares Purchased by Wealthspire Advisors LLC

Wealthspire Advisors LLC grew its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 6.1% in the 2nd quarter, Holdings Channel reports. The fund owned 45,807 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,645 shares during the period. Wealthspire Advisors LLC’s holdings in Broadcom were worth $12,627,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Sawyer & Company Inc raised its position in shares of Broadcom by 62.1% in the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 36 shares in the last quarter. Legend Financial Advisors Inc. bought a new stake in shares of Broadcom in the second quarter worth $28,000. LGT Financial Advisors LLC acquired a new stake in Broadcom in the second quarter valued at $31,000. New England Capital Financial Advisors LLC bought a new position in Broadcom during the 2nd quarter valued at $31,000. Finally, Maseco LLP acquired a new position in Broadcom during the 2nd quarter worth $34,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AVGO. Deutsche Bank Aktiengesellschaft set a $400.00 target price on shares of Broadcom and gave the company a “buy” rating in a research note on Tuesday, October 14th. Evercore ISI increased their target price on Broadcom from $342.00 to $403.00 and gave the stock an “outperform” rating in a report on Wednesday, October 15th. Wells Fargo & Company lifted their target price on Broadcom from $255.00 to $345.00 and gave the stock an “equal weight” rating in a research report on Friday, September 5th. Macquarie initiated coverage on Broadcom in a research report on Monday, September 15th. They set an “outperform” rating and a $420.00 price target on the stock. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $340.00 price objective on shares of Broadcom in a report on Wednesday, August 13th. Three 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. According to data from MarketBeat, Broadcom currently has an average rating of “Buy” and an average target price of $372.52.

Broadcom Trading Up 4.1%

NASDAQ:AVGO opened at $354.42 on Thursday. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $386.48. The firm has a market capitalization of $1.67 trillion, a P/E ratio of 90.41, a P/E/G ratio of 1.17 and a beta of 1.19. 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 $348.80 and a 200 day simple moving average of $298.58.

Broadcom (NASDAQ:AVGO) last issued its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.03. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The firm had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. During the same period last year, the company earned $1.24 earnings per share. 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. Equities research analysts predict that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders 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 annualized dividend and a yield of 0.7%. Broadcom’s dividend payout ratio is 60.20%.

Insider Buying and Selling

In related news, insider Charlie B. Kawwas sold 3,893 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total value of $1,354,063.26. Following the sale, the insider directly owned 25,295 shares in the company, valued at $8,798,106.90. This trade represents a 13.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Hock E. Tan sold 100,000 shares of Broadcom stock in a transaction on Tuesday, September 23rd. The shares were 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 in the company, valued at $246,412,152.04. The trade was a 12.11% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have acquired 3,550 shares of company stock valued at $1,227,869 and have sold 665,271 shares valued at $225,483,192. 2.00% of the stock is owned by company insiders.

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.