AAFMAA Wealth Management & Trust LLC Grows Stock Holdings in Broadcom Inc. $AVGO

AAFMAA Wealth Management & Trust LLC grew its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 2.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 15,211 shares of the semiconductor manufacturer’s stock after acquiring an additional 383 shares during the period. Broadcom makes up approximately 1.7% of AAFMAA Wealth Management & Trust LLC’s portfolio, making the stock its 11th largest holding. AAFMAA Wealth Management & Trust LLC’s holdings in Broadcom were worth $4,193,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC increased its position in shares of Broadcom by 21.8% during the fourth quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock valued at $6,882,000 after acquiring an additional 5,322 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of Broadcom by 10.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock valued at $1,854,000 after acquiring an additional 756 shares in the last quarter. Bath Savings Trust Co increased its position in shares of Broadcom by 7.6% during the first quarter. Bath Savings Trust Co now owns 1,636 shares of the semiconductor manufacturer’s stock valued at $274,000 after acquiring an additional 116 shares in the last quarter. Retirement Wealth Solutions LLC increased its position in shares of Broadcom by 245.2% during the first quarter. Retirement Wealth Solutions LLC now owns 573 shares of the semiconductor manufacturer’s stock valued at $96,000 after acquiring an additional 407 shares in the last quarter. Finally, Doliver Advisors LP increased its position in shares of Broadcom by 0.7% during the first quarter. Doliver Advisors LP now owns 13,533 shares of the semiconductor manufacturer’s stock valued at $2,266,000 after acquiring an additional 93 shares in the last quarter. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on AVGO. TD Cowen raised their price target on shares of Broadcom from $355.00 to $370.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Benchmark raised their price target on shares of Broadcom from $315.00 to $385.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Evercore ISI reaffirmed an “outperform” rating and issued a $342.00 target price (up previously from $304.00) on shares of Broadcom in a research report on Thursday, September 4th. Truist Financial boosted their target price on shares of Broadcom from $295.00 to $365.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Finally, Bank of America raised their price target on Broadcom from $300.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Broadcom has an average rating of “Buy” and a consensus price target of $356.48.

Broadcom Trading Down 0.5%

Shares of AVGO stock opened at $334.53 on Friday. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $374.23. The firm has a fifty day moving average price of $313.66 and a 200-day moving average price of $252.89. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. The company has a market cap of $1.58 trillion, a price-to-earnings ratio of 85.34, a PEG ratio of 1.85 and a beta of 1.16.

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

Broadcom Dividend Announcement

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

Insider Activity

In related news, CFO Kirsten M. Spears sold 7,498 shares of the company’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.66, for a total value of $2,606,754.68. Following the completion of the transaction, the chief financial officer owned 313,330 shares of the company’s stock, valued at approximately $108,932,307.80. This represents a 2.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Henry Samueli sold 368,797 shares of the company’s stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the completion of the transaction, the director directly owned 37,722,534 shares of the company’s stock, valued at $12,746,821,463.94. This represents a 0.97% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 3,550 shares of company stock worth $1,227,869 and have sold 666,071 shares worth $225,623,008. 2.00% of the stock is currently owned by insiders.

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.