WealthPlan Investment Management LLC Has $4.62 Million Stock Position in Broadcom Inc. $AVGO

WealthPlan Investment Management LLC increased its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 28.4% in the second quarter, HoldingsChannel reports. The firm owned 16,757 shares of the semiconductor manufacturer’s stock after purchasing an additional 3,702 shares during the period. WealthPlan Investment Management LLC’s holdings in Broadcom were worth $4,619,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Broadcom during the 1st quarter worth about $25,000. Cheviot Value Management LLC acquired a new stake in shares of Broadcom during the 1st quarter worth about $25,000. Sawyer & Company Inc increased its position in shares of Broadcom by 62.1% during the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 36 shares in the last quarter. Legend Financial Advisors Inc. acquired a new stake in shares of Broadcom during the 2nd quarter worth about $28,000. Finally, Wood Tarver Financial Group LLC grew its holdings in Broadcom by 342.5% during the 1st quarter. Wood Tarver Financial Group LLC now owns 177 shares of the semiconductor manufacturer’s stock worth $30,000 after acquiring an additional 137 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

Insider Buying and Selling at Broadcom

In related news, insider Mark David Brazeal sold 16,558 shares of Broadcom stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the transaction, the insider owned 329,302 shares of the company’s stock, valued at $114,468,668.22. This trade represents a 4.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kirsten M. Spears sold 7,498 shares of Broadcom stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total transaction of $2,606,754.68. Following the transaction, the chief financial officer directly owned 313,330 shares in the company, valued at $108,932,307.80. The trade was a 2.34% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,464,248. 2.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on AVGO shares. Hsbc Global Res raised shares of Broadcom from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 24th. KeyCorp set a $460.00 price objective on shares of Broadcom in a report on Monday, October 13th. Rosenblatt Securities increased their price objective on shares of Broadcom from $340.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Mizuho set a $435.00 price objective on shares of Broadcom and gave the stock an “outperform” rating in a report on Tuesday. Finally, Barclays set a $450.00 price objective on shares of Broadcom and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Three 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $372.52.

Broadcom Stock Down 1.9%

Shares of NASDAQ AVGO opened at $342.66 on Wednesday. The firm has a market capitalization of $1.62 trillion, a PE ratio of 87.41, a price-to-earnings-growth ratio of 1.97 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 Inc. has a 1 year low of $138.10 and a 1 year high of $374.23. The firm’s 50-day moving average is $329.23 and its 200-day moving average is $271.96.

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

Broadcom Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were paid 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 yield of 0.7%. Broadcom’s dividend payout ratio (DPR) is presently 60.20%.

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.