North Capital Inc. Purchases 200 Shares of Broadcom Inc. $AVGO

North Capital Inc. grew its position in Broadcom Inc. (NASDAQ:AVGO) by 7.3% in the second quarter, HoldingsChannel.com reports. The fund owned 2,940 shares of the semiconductor manufacturer’s stock after buying an additional 200 shares during the period. Broadcom comprises about 0.7% of North Capital Inc.’s portfolio, making the stock its 19th biggest holding. North Capital Inc.’s holdings in Broadcom were worth $810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Smart Money Group LLC lifted its stake in Broadcom by 7.4% in the 2nd quarter. Smart Money Group LLC now owns 4,674 shares of the semiconductor manufacturer’s stock valued at $1,289,000 after purchasing an additional 322 shares during the last quarter. Paulson Wealth Management Inc. raised its stake in Broadcom by 9.2% in the second quarter. Paulson Wealth Management Inc. now owns 6,378 shares of the semiconductor manufacturer’s stock valued at $1,758,000 after buying an additional 539 shares during the period. Atlas Legacy Advisors LLC raised its stake in Broadcom by 43.0% in the second quarter. Atlas Legacy Advisors LLC now owns 4,004 shares of the semiconductor manufacturer’s stock valued at $1,104,000 after buying an additional 1,204 shares during the period. Savant Capital LLC lifted its position in shares of Broadcom by 21.7% in the second quarter. Savant Capital LLC now owns 106,190 shares of the semiconductor manufacturer’s stock valued at $29,271,000 after buying an additional 18,914 shares during the last quarter. Finally, Mcrae Capital Management Inc. bought a new position in shares of Broadcom during the 2nd quarter worth approximately $276,000. 76.43% of the stock is owned by institutional investors.

Broadcom Price Performance

NASDAQ:AVGO opened at $358.39 on Tuesday. Broadcom Inc. has a 52 week low of $138.10 and a 52 week 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’s 50-day simple moving average is $346.13 and its 200 day simple moving average is $291.83. The firm has a market cap of $1.69 trillion, a price-to-earnings ratio of 91.43, a P/E/G ratio of 1.41 and a beta of 1.19.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $15.82 billion. During the same quarter in the previous year, the firm posted $1.24 EPS. The business’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 earnings per share for the current year.

Broadcom Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were given a dividend of $0.59 per share. The ex-dividend date of this dividend 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 currently 60.20%.

Insider Activity

In related news, CFO Kirsten M. Spears sold 7,498 shares of the firm’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total value of $2,606,754.68. Following the transaction, the chief financial officer owned 313,330 shares in the company, valued at approximately $108,932,307.80. This trade represents a 2.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark David Brazeal sold 16,558 shares of the business’s 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 completion of the transaction, the insider directly owned 329,302 shares of the company’s stock, valued at approximately $114,468,668.22. This trade represents a 4.79% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have purchased 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,464,248. Insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

AVGO has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price target on Broadcom from $255.00 to $345.00 and gave the company an “equal weight” rating in a research note on Friday, September 5th. Weiss Ratings downgraded shares of Broadcom from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. TD Cowen raised their target price on shares of Broadcom from $355.00 to $370.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Sanford C. Bernstein upped their price target on shares of Broadcom from $295.00 to $400.00 and gave the company an “outperform” rating in a research note on Friday, September 5th. Finally, Benchmark increased their price target on shares of Broadcom from $315.00 to $385.00 and gave the company a “buy” rating in a report on Friday, September 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Broadcom presently has an average rating of “Buy” and an average target price of $372.52.

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.