IVC Wealth Advisors LLC Purchases 221 Shares of Broadcom Inc. $AVGO

IVC Wealth Advisors LLC boosted its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 6.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,673 shares of the semiconductor manufacturer’s stock after acquiring an additional 221 shares during the period. IVC Wealth Advisors LLC’s holdings in Broadcom were worth $1,012,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of AVGO. Brighton Jones LLC raised 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 buying an additional 5,322 shares during the last quarter. Revolve Wealth Partners LLC raised 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 buying an additional 756 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Broadcom by 9.2% during the first quarter. GAMMA Investing LLC now owns 103,184 shares of the semiconductor manufacturer’s stock valued at $17,276,000 after buying an additional 8,672 shares during the last quarter. Noble Wealth Management PBC raised its position in shares of Broadcom by 9.7% during the first quarter. Noble Wealth Management PBC now owns 845 shares of the semiconductor manufacturer’s stock valued at $141,000 after buying an additional 75 shares during the last quarter. Finally, Rockland Trust Co. raised its position in shares of Broadcom by 17.1% during the first quarter. Rockland Trust Co. now owns 3,042 shares of the semiconductor manufacturer’s stock valued at $509,000 after buying an additional 445 shares during the last quarter. Institutional investors own 76.43% of the company’s stock.

Broadcom Stock Down 5.9%

Shares of AVGO opened at $324.63 on Friday. The firm has a market capitalization of $1.53 trillion, a P/E ratio of 82.81, a P/E/G ratio of 1.91 and a beta of 1.20. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $374.23. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. The firm has a fifty day moving average price of $322.64 and a 200-day moving average price of $262.37.

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 analysts’ consensus estimates of $1.66 by $0.03. The firm 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%. The business’s revenue was up 22.0% on a year-over-year basis. 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. Equities research analysts expect 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 was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were 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 was Monday, September 22nd. Broadcom’s payout ratio is currently 60.20%.

Wall Street Analysts Forecast Growth

AVGO has been the topic of several recent analyst reports. Mizuho lifted their price objective on shares of Broadcom from $355.00 to $410.00 and gave the company an “outperform” rating in a research report on Friday, September 12th. Argus raised their target price on shares of Broadcom from $285.00 to $375.00 and gave the company a “buy” rating in a report on Monday, September 8th. Weiss Ratings lowered shares of Broadcom from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Rosenblatt Securities raised their target price on shares of Broadcom from $340.00 to $400.00 and gave the company a “buy” rating in a report on Friday, September 5th. Finally, TD Cowen raised their target price on shares of Broadcom from $355.00 to $370.00 and gave the company a “buy” rating in a report on Friday, September 5th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have given 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 $357.22.

Insider Activity

In other news, insider Charlie B. Kawwas sold 3,893 shares of the business’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the completion of the sale, the insider directly owned 25,295 shares of the company’s stock, valued at approximately $8,798,106.90. The trade was a 13.34% 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 Henry Samueli sold 368,797 shares of Broadcom stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $337.91, for a total value of $124,620,194.27. Following the completion of the sale, the director owned 37,722,534 shares of the company’s stock, valued at $12,746,821,463.94. The trade was a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders bought 3,550 shares of company stock valued at $1,227,869 and sold 666,071 shares valued at $225,623,008. Company insiders own 2.00% of the company’s stock.

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.