Merit Financial Group LLC Has $56.74 Million Holdings in Broadcom Inc. $AVGO

Merit Financial Group LLC lifted its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 60.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 205,829 shares of the semiconductor manufacturer’s stock after buying an additional 77,265 shares during the period. Merit Financial Group LLC’s holdings in Broadcom were worth $56,737,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Sawyer & Company Inc lifted its stake in 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 during the last quarter. Legend Financial Advisors Inc. acquired a new stake in Broadcom in the 2nd quarter valued at about $28,000. Maseco LLP acquired a new stake in Broadcom in the 2nd quarter valued at about $34,000. PFS Partners LLC lifted its stake in Broadcom by 38.4% in the 2nd quarter. PFS Partners LLC now owns 137 shares of the semiconductor manufacturer’s stock valued at $38,000 after purchasing an additional 38 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in Broadcom in the 1st quarter valued at about $25,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AVGO has been the subject of several recent analyst reports. Argus raised their target price on shares of Broadcom from $285.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, September 8th. Citigroup raised their price objective on shares of Broadcom from $315.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. KeyCorp restated an “overweight” rating and set a $420.00 price objective (up from $400.00) on shares of Broadcom in a research report on Tuesday, September 30th. Evercore ISI restated an “outperform” rating and set a $342.00 price objective (up from $304.00) on shares of Broadcom in a research report on Thursday, September 4th. Finally, Mizuho raised their price objective on shares of Broadcom from $355.00 to $410.00 and gave the stock an “outperform” rating in a research report on Friday, September 12th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $357.22.

Broadcom Stock Down 5.9%

Shares of AVGO opened at $324.63 on Friday. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $374.23. The firm’s 50 day moving average is $322.64 and its 200-day moving average is $262.37. The stock has a market capitalization of $1.53 trillion, a PE ratio of 82.81, a P/E/G ratio of 1.91 and a beta of 1.20. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86.

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

Broadcom Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. Broadcom’s dividend payout ratio (DPR) is currently 60.20%.

Insider Activity at Broadcom

In other news, insider Charlie B. Kawwas sold 3,893 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The shares were 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 approximately $8,798,106.90. This trade represents a 13.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Henry Samueli sold 368,797 shares of the firm’s stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the transaction, the director directly owned 37,722,534 shares in the company, valued at $12,746,821,463.94. This represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders purchased 3,550 shares of company stock valued at $1,227,869 and sold 666,071 shares valued at $225,623,008. Company insiders own 2.00% of the company’s stock.

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.