Summit Place Financial Advisors LLC Has $2.55 Million Stake in Broadcom Inc. $AVGO

Summit Place Financial Advisors LLC increased its position in Broadcom Inc. (NASDAQ:AVGO) by 8.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,238 shares of the semiconductor manufacturer’s stock after buying an additional 716 shares during the quarter. Summit Place Financial Advisors LLC’s holdings in Broadcom were worth $2,546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Aberdeen Group plc boosted its holdings in shares of Broadcom by 1.3% during the 2nd quarter. Aberdeen Group plc now owns 4,322,454 shares of the semiconductor manufacturer’s stock worth $1,194,942,000 after buying an additional 55,918 shares in the last quarter. Bryant Woods Investment Advisors LLC raised its position in Broadcom by 13.1% in the 2nd quarter. Bryant Woods Investment Advisors LLC now owns 1,493 shares of the semiconductor manufacturer’s stock valued at $412,000 after buying an additional 173 shares during the last quarter. JFS Wealth Advisors LLC raised its position in Broadcom by 5.5% in the 2nd quarter. JFS Wealth Advisors LLC now owns 2,883 shares of the semiconductor manufacturer’s stock valued at $795,000 after buying an additional 150 shares during the last quarter. Greenwood Gearhart Inc. raised its position in Broadcom by 6.4% in the 2nd quarter. Greenwood Gearhart Inc. now owns 48,198 shares of the semiconductor manufacturer’s stock valued at $13,286,000 after buying an additional 2,902 shares during the last quarter. Finally, Strengthening Families & Communities LLC raised its position in Broadcom by 5.2% in the 2nd quarter. Strengthening Families & Communities LLC now owns 22,793 shares of the semiconductor manufacturer’s stock valued at $6,110,000 after buying an additional 1,126 shares during the last quarter. 76.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Hock E. Tan sold 100,000 shares of Broadcom stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $339.58, for a total value of $33,958,000.00. Following the completion of the sale, the chief executive officer owned 725,638 shares of the company’s stock, valued at approximately $246,412,152.04. This trade represents a 12.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 value of $1,354,063.26. Following the sale, the insider directly owned 25,295 shares in the company, valued at $8,798,106.90. This trade represents a 13.34% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have bought 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.

Broadcom Trading Up 0.8%

Shares of AVGO opened at $354.15 on Friday. The business has a 50-day moving average of $326.84 and a 200 day moving average of $267.33. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $374.23. The firm has a market cap of $1.67 trillion, a P/E ratio of 90.34, a price-to-earnings-growth ratio of 1.98 and a beta of 1.20. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.03. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The company had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.82 billion. During the same quarter last year, the firm posted $1.24 EPS. The firm’s revenue for the quarter was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. As a group, research analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

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

Analysts Set New Price Targets

AVGO has been the subject of a number of analyst reports. JPMorgan Chase & Co. increased their price target on Broadcom from $325.00 to $400.00 and gave the company an “overweight” rating in a research report on Friday, September 5th. Benchmark increased their price target on Broadcom from $315.00 to $385.00 and gave the company a “buy” rating in a research report on Friday, September 5th. The Goldman Sachs Group reissued a “buy” rating and issued a $340.00 price target on shares of Broadcom in a research report on Wednesday, August 13th. Sanford C. Bernstein increased their price target on Broadcom from $295.00 to $400.00 and gave the company an “outperform” rating in a research report on Friday, September 5th. Finally, KeyCorp set a $460.00 target price on Broadcom in a research note on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $372.33.

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.