Centurion Wealth Management LLC Acquires Shares of 1,766 Broadcom Inc. $AVGO

Centurion Wealth Management LLC acquired a new stake in shares of Broadcom Inc. (NASDAQ:AVGO) during the second quarter, Holdings Channel reports. The fund acquired 1,766 shares of the semiconductor manufacturer’s stock, valued at approximately $487,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. RB Capital Management LLC boosted its stake in Broadcom by 1.4% during the 2nd quarter. RB Capital Management LLC now owns 31,367 shares of the semiconductor manufacturer’s stock valued at $8,646,000 after acquiring an additional 425 shares during the last quarter. Trinity Financial Advisors LLC bought a new position in Broadcom during the 2nd quarter valued at $3,107,000. Arvest Investments Inc. bought a new position in Broadcom during the 2nd quarter valued at $1,464,000. TrueWealth Advisors LLC boosted its stake in Broadcom by 5.4% during the 2nd quarter. TrueWealth Advisors LLC now owns 2,110 shares of the semiconductor manufacturer’s stock valued at $582,000 after acquiring an additional 109 shares during the last quarter. Finally, McLean Asset Management Corp boosted its stake in Broadcom by 9.6% during the 2nd quarter. McLean Asset Management Corp now owns 3,013 shares of the semiconductor manufacturer’s stock valued at $813,000 after acquiring an additional 265 shares during the last quarter. 76.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AVGO has been the topic of a number of recent research reports. Rosenblatt Securities raised their price target on shares of Broadcom from $340.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Mizuho raised their price target on shares of Broadcom from $355.00 to $410.00 and gave the stock an “outperform” rating in a research report on Friday. Sanford C. Bernstein raised their price target on shares of Broadcom from $295.00 to $400.00 and gave the stock an “outperform” rating in a research report on Friday, September 5th. Benchmark raised their price target on shares of Broadcom from $315.00 to $385.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Finally, Oppenheimer restated an “outperform” rating and issued a $360.00 price target (up from $325.00) on shares of Broadcom in a research report on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $354.04.

Broadcom Stock Up 0.1%

AVGO stock opened at $359.87 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $374.23. The firm’s 50-day simple moving average is $300.31 and its 200 day simple moving average is $242.19. The stock has a market cap of $1.69 trillion, a PE ratio of 91.80, a price-to-earnings-growth ratio of 1.99 and a beta of 1.16.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings data 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 net margin of 31.59% and a return on equity of 36.60%. The business had revenue of $15.95 billion for the quarter, compared to analysts’ expectations of $15.82 billion. During the same quarter last year, the company earned $1.24 EPS. The company’s revenue for the quarter was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. As a group, sell-side analysts predict that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 22nd will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, September 22nd. Broadcom’s dividend payout ratio (DPR) is 60.20%.

Insiders Place Their Bets

In related news, CEO Hock E. Tan sold 148,154 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $336.67, for a total value of $49,879,007.18. Following the sale, the chief executive officer owned 825,998 shares of the company’s stock, valued at $278,088,746.66. This trade represents a 15.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gayla J. Delly sold 3,000 shares of the firm’s stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $265.13, for a total transaction of $795,390.00. Following the transaction, the director directly owned 33,352 shares in the company, valued at approximately $8,842,615.76. The trade was a 8.25% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 3,550 shares of company stock worth $1,227,869 and have sold 850,912 shares worth $234,854,489. 2.00% of the stock is currently owned by 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.