StrongBox Wealth LLC Has $8.90 Million Stake in Broadcom Inc. $AVGO

StrongBox Wealth LLC increased its holdings in Broadcom Inc. (NASDAQ:AVGO) by 0.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 32,301 shares of the semiconductor manufacturer’s stock after acquiring an additional 165 shares during the quarter. Broadcom accounts for 3.4% of StrongBox Wealth LLC’s portfolio, making the stock its 8th largest position. StrongBox Wealth LLC’s holdings in Broadcom were worth $8,904,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Balefire LLC boosted its holdings in shares of Broadcom by 180.6% in the second quarter. Balefire LLC now owns 8,882 shares of the semiconductor manufacturer’s stock worth $2,448,000 after buying an additional 5,717 shares during the last quarter. Wolff Financial Management LLC purchased a new position in shares of Broadcom in the second quarter worth approximately $292,000. Krilogy Financial LLC boosted its holdings in shares of Broadcom by 42.8% in the second quarter. Krilogy Financial LLC now owns 28,259 shares of the semiconductor manufacturer’s stock worth $7,790,000 after buying an additional 8,468 shares during the last quarter. Fiduciary Alliance LLC boosted its holdings in shares of Broadcom by 13.4% in the second quarter. Fiduciary Alliance LLC now owns 35,136 shares of the semiconductor manufacturer’s stock worth $9,685,000 after buying an additional 4,148 shares during the last quarter. Finally, Bank of New Hampshire boosted its holdings in shares of Broadcom by 17.1% in the second quarter. Bank of New Hampshire now owns 7,753 shares of the semiconductor manufacturer’s stock worth $2,137,000 after buying an additional 1,134 shares during the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on AVGO shares. Sanford C. Bernstein raised their target price on shares of Broadcom from $295.00 to $400.00 and gave the stock an “outperform” rating in a research note on Friday, September 5th. Barclays raised their target price on shares of Broadcom from $265.00 to $400.00 and gave the stock an “overweight” rating in a research note on Friday, September 5th. Redburn Atlantic started coverage on shares of Broadcom in a research note on Wednesday, May 28th. They set a “buy” rating and a $301.00 target price on the stock. Oppenheimer restated an “outperform” rating and set a $360.00 target price (up previously from $325.00) on shares of Broadcom in a research note on Friday, September 5th. Finally, Susquehanna raised their target price on shares of Broadcom from $280.00 to $300.00 and gave the stock a “positive” rating in a research note on Friday, June 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $356.48.

Insider Activity at Broadcom

In other news, Director Gayla J. Delly sold 3,000 shares of the business’s stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $265.13, for a total transaction of $795,390.00. Following the completion of the sale, the director directly owned 33,352 shares of the company’s stock, valued at approximately $8,842,615.76. The trade was a 8.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Justine Page sold 800 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $360.00, for a total transaction of $288,000.00. Following the sale, the director directly owned 22,982 shares of the company’s stock, valued at $8,273,520. This represents a 3.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 3,550 shares of company stock valued at $1,227,869 and sold 794,602 shares valued at $220,766,166. 2.00% of the stock is currently owned by company insiders.

Broadcom Stock Down 3.8%

NASDAQ AVGO opened at $346.17 on Thursday. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. The company has a fifty day moving average of $305.24 and a two-hundred day moving average of $245.16. The firm has a market capitalization of $1.63 trillion, a price-to-earnings ratio of 88.31, a PEG ratio of 1.99 and a beta of 1.16. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $374.23.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, topping the consensus estimate of $1.66 by $0.03. The company had revenue of $15.95 billion during 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%. Broadcom’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. On average, analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

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

About Broadcom

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.