Peterson Wealth Management Raises Stock Position in Broadcom Inc. $AVGO

Peterson Wealth Management lifted its position in Broadcom Inc. (NASDAQ:AVGO) by 2.2% during the first quarter, Holdings Channel reports. The institutional investor owned 8,425 shares of the semiconductor manufacturer’s stock after buying an additional 179 shares during the quarter. Broadcom comprises approximately 0.9% of Peterson Wealth Management’s investment portfolio, making the stock its 27th largest holding. Peterson Wealth Management’s holdings in Broadcom were worth $1,411,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Kondo Wealth Advisors Inc. grew its position in shares of Broadcom by 6.5% in the 1st quarter. Kondo Wealth Advisors Inc. now owns 1,282 shares of the semiconductor manufacturer’s stock worth $215,000 after buying an additional 78 shares during the last quarter. 1248 Management LLC grew its position in shares of Broadcom by 312.4% in the 1st quarter. 1248 Management LLC now owns 6,239 shares of the semiconductor manufacturer’s stock worth $1,045,000 after buying an additional 4,726 shares during the last quarter. First Long Island Investors LLC grew its position in shares of Broadcom by 8,264.5% in the 1st quarter. First Long Island Investors LLC now owns 76,117 shares of the semiconductor manufacturer’s stock worth $12,744,000 after buying an additional 75,207 shares during the last quarter. Nicola Wealth Management LTD. grew its position in shares of Broadcom by 18.2% in the 1st quarter. Nicola Wealth Management LTD. now owns 128,800 shares of the semiconductor manufacturer’s stock worth $21,565,000 after buying an additional 19,800 shares during the last quarter. Finally, First Hawaiian Bank grew its position in shares of Broadcom by 11.4% in the 1st quarter. First Hawaiian Bank now owns 38,372 shares of the semiconductor manufacturer’s stock worth $6,425,000 after buying an additional 3,936 shares during the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom Stock Performance

Shares of NASDAQ AVGO opened at $359.63 on Friday. 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 12 month low of $138.10 and a 12 month high of $374.23. The company has a 50 day simple moving average of $298.61 and a two-hundred day simple moving average of $240.90. The stock has a market cap of $1.69 trillion, a price-to-earnings ratio of 91.74, a PEG ratio of 2.04 and a beta of 1.16.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating 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 business had revenue of $15.95 billion during the quarter, compared to analysts’ expectations of $15.82 billion. During the same period in the previous year, the business posted $1.24 EPS. The business’s quarterly revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. As a group, analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, September 22nd. Broadcom’s payout ratio is presently 60.20%.

Insider Buying and Selling at Broadcom

In other Broadcom news, Director Justine Page sold 800 shares of Broadcom stock in a transaction that occurred 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 completion of the sale, the director directly owned 23,782 shares in the company, valued at approximately $7,312,013.72. The trade was a 3.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Harry L. You acquired 500 shares of the firm’s stock in a transaction on Wednesday, September 10th. The shares were acquired at an average price of $363.38 per share, with a total value of $181,690.00. Following the completion of the purchase, the director owned 35,602 shares in the company, valued at approximately $12,937,054.76. This trade represents a 1.42% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 3,550 shares of company stock worth $1,227,869 and sold 702,758 shares worth $184,975,481. 2.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

AVGO has been the topic of a number of analyst reports. Oppenheimer reaffirmed an “outperform” rating and issued a $360.00 price objective (up previously from $325.00) on shares of Broadcom in a research report on Friday, September 5th. Mizuho boosted their target price on shares of Broadcom from $320.00 to $355.00 and gave the stock an “outperform” rating in a research report on Friday, September 5th. Truist Financial boosted their target price on shares of Broadcom from $295.00 to $365.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Broadcom from $300.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Finally, TD Cowen boosted their target price on shares of Broadcom from $355.00 to $370.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $351.92.

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.