Pinnacle Wealth Planning Services Inc. Boosts Holdings in Broadcom Inc. $AVGO

Pinnacle Wealth Planning Services Inc. boosted its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 7.4% in the first quarter, HoldingsChannel reports. The fund owned 16,883 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,163 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in Broadcom were worth $2,827,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. PARUS FINANCE UK Ltd lifted its position in Broadcom by 175.3% during the first quarter. PARUS FINANCE UK Ltd now owns 100,578 shares of the semiconductor manufacturer’s stock valued at $16,840,000 after acquiring an additional 64,038 shares during the last quarter. Keener Financial Planning LLC lifted its position in Broadcom by 34.8% during the first quarter. Keener Financial Planning LLC now owns 890 shares of the semiconductor manufacturer’s stock valued at $149,000 after acquiring an additional 230 shares during the last quarter. Diversify Wealth Management LLC lifted its position in Broadcom by 5.6% during the first quarter. Diversify Wealth Management LLC now owns 38,016 shares of the semiconductor manufacturer’s stock valued at $6,365,000 after acquiring an additional 2,016 shares during the last quarter. OMNI 360 Wealth Inc. lifted its position in Broadcom by 51.6% during the first quarter. OMNI 360 Wealth Inc. now owns 2,980 shares of the semiconductor manufacturer’s stock valued at $499,000 after acquiring an additional 1,014 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its position in Broadcom by 1.3% during the first quarter. Gamco Investors INC. ET AL now owns 54,406 shares of the semiconductor manufacturer’s stock valued at $9,109,000 after acquiring an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on AVGO. Morgan Stanley set a $338.00 target price on shares of Broadcom and gave the company an “overweight” rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. raised their price target on shares of Broadcom from $250.00 to $325.00 and gave the stock an “overweight” rating in a report on Friday, June 6th. KeyCorp raised their price target on shares of Broadcom from $315.00 to $330.00 and gave the stock an “overweight” rating in a report on Tuesday, July 8th. Cowen reaffirmed a “buy” rating on shares of Broadcom in a report on Friday, June 6th. Finally, Bank of America raised their price target on shares of Broadcom from $240.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, June 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $301.79.

Broadcom Stock Down 3.6%

NASDAQ:AVGO opened at $297.39 on Friday. The firm has a market capitalization of $1.40 trillion, a P/E ratio of 111.38, a PEG ratio of 2.19 and a beta of 1.15. Broadcom Inc. has a 1-year low of $134.90 and a 1-year high of $317.35. The company’s fifty day moving average price is $287.74 and its 200-day moving average price is $234.68. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.08 and a quick ratio of 0.98.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings data on Thursday, June 5th. The semiconductor manufacturer reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.01. The firm had revenue of $15 billion for the quarter, compared to analyst estimates of $14.98 billion. Broadcom had a net margin of 22.64% and a return on equity of 35.49%. The business’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $10.96 earnings per share. Broadcom has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 20th were paid a $0.59 dividend. The ex-dividend date was Friday, June 20th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.8%. Broadcom’s dividend payout ratio is presently 88.39%.

Insider Transactions at Broadcom

In related news, Director Justine Page sold 800 shares of the firm’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $307.46, for a total transaction of $245,968.00. Following the sale, the director owned 23,782 shares in the company, valued at approximately $7,312,013.72. This trade represents a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Hock E. Tan sold 40,000 shares of the firm’s stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $268.29, for a total transaction of $10,731,600.00. Following the sale, the chief executive officer owned 482,836 shares in the company, valued at approximately $129,540,070.44. This represents a 7.65% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 830,516 shares of company stock valued at $217,286,457. 2.00% of the stock is owned by corporate insiders.

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.