FSC Wealth Advisors LLC Purchases New Stake in Broadcom Inc. $AVGO

FSC Wealth Advisors LLC bought a new stake in Broadcom Inc. (NASDAQ:AVGO) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 268 shares of the semiconductor manufacturer’s stock, valued at approximately $74,000.

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

Broadcom Trading Up 4.1%

NASDAQ AVGO opened at $354.42 on Thursday. The firm’s fifty day moving average is $348.80 and its two-hundred day moving average is $298.58. Broadcom Inc. has a one year low of $138.10 and a one year high of $386.48. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. The firm has a market cap of $1.67 trillion, a PE ratio of 90.41, a P/E/G ratio of 1.17 and a beta of 1.19.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.03. The firm had revenue of $15.95 billion for 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% on a year-over-year basis. During the same quarter last year, the company posted $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. Analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

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

Wall Street Analysts Forecast Growth

AVGO has been the topic of a number of analyst reports. Wells Fargo & Company raised their price objective on shares of Broadcom from $255.00 to $345.00 and gave the company an “equal weight” rating in a report on Friday, September 5th. Benchmark increased their price objective on Broadcom from $315.00 to $385.00 and gave the company a “buy” rating in a report on Friday, September 5th. Argus upped their price target on Broadcom from $285.00 to $375.00 and gave the company a “buy” rating in a report on Monday, September 8th. TD Cowen increased their price target on shares of Broadcom from $355.00 to $370.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Finally, Piper Sandler lifted their price target on shares of Broadcom from $315.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, September 5th. Three equities 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 MarketBeat, Broadcom has a consensus rating of “Buy” and an average target price of $372.52.

Insider Buying and Selling

In other news, insider Mark David Brazeal sold 16,558 shares of Broadcom stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total value of $5,755,726.38. Following the sale, the insider owned 329,302 shares of the company’s stock, valued at $114,468,668.22. The trade was a 4.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Charlie B. Kawwas sold 3,893 shares of the stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the transaction, the insider directly owned 25,295 shares of the company’s stock, valued at $8,798,106.90. This represents a 13.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have acquired 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,483,192. Insiders own 2.00% of the company’s stock.

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.