Family Investment Center Inc. Purchases Shares of 1,654 Broadcom Inc. $AVGO

Family Investment Center Inc. acquired a new stake in shares of Broadcom Inc. (NASDAQ:AVGO) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,654 shares of the semiconductor manufacturer’s stock, valued at approximately $456,000.

Several other institutional investors also recently made changes to their positions in AVGO. Brighton Jones LLC grew its stake in shares of Broadcom by 21.8% during the 4th quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock valued at $6,882,000 after buying an additional 5,322 shares during the period. Revolve Wealth Partners LLC grew its stake 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. Fire Capital Management LLC purchased a new stake in shares of Broadcom during the 4th quarter valued at $1,490,000. Milestone Asset Management Group LLC purchased a new stake in shares of Broadcom during the 4th quarter valued at $581,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Broadcom by 9.5% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 206,671 shares of the semiconductor manufacturer’s stock valued at $34,603,000 after buying an additional 17,973 shares during the period. 76.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AVGO has been the subject of several research reports. Cantor Fitzgerald reissued an “overweight” rating and set a $300.00 price objective on shares of Broadcom in a research note on Friday, June 6th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $340.00 price target on shares of Broadcom in a research report on Wednesday, August 13th. Hsbc Global Res raised shares of Broadcom from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 24th. TD Cowen upped their price target on shares of Broadcom from $355.00 to $370.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Finally, UBS Group upped their price target on shares of Broadcom from $290.00 to $345.00 and gave the stock a “buy” rating in a research report on Monday, August 25th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $356.48.

Broadcom Stock Performance

Shares of AVGO stock opened at $336.10 on Friday. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $374.23. 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 $1.59 trillion, a P/E ratio of 85.74, a P/E/G ratio of 1.88 and a beta of 1.16. The company’s fifty day moving average price is $312.64 and its two-hundred day moving average price is $251.49.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS 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 firm had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. During the same quarter in the previous year, the business posted $1.24 EPS. The firm’s revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. On average, research analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

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

Insider Transactions at Broadcom

In related news, Director Harry L. You bought 2,050 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were acquired at an average price of $344.78 per share, for a total transaction of $706,799.00. Following the purchase, the director owned 34,102 shares in the company, valued at $11,757,687.56. This trade represents a 6.40% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Hock E. Tan sold 148,154 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $336.67, for a total transaction of $49,879,007.18. Following the completion of the sale, the chief executive officer owned 825,998 shares in the company, valued at approximately $278,088,746.66. This trade represents a 15.21% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 3,550 shares of company stock worth $1,227,869 and have sold 297,274 shares worth $101,002,814. 2.00% of the stock is owned by corporate 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.