1,164 Shares in Broadcom Inc. $AVGO Purchased by Bridgewealth Advisory Group LLC

Bridgewealth Advisory Group LLC acquired a new position in shares of Broadcom Inc. (NASDAQ:AVGO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,164 shares of the semiconductor manufacturer’s stock, valued at approximately $321,000.

A number of other institutional investors have also added to or reduced their stakes in AVGO. Brighton Jones LLC grew its holdings 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 worth $6,882,000 after purchasing an additional 5,322 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings 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 worth $1,854,000 after purchasing an additional 756 shares in the last quarter. Spear Holdings RSC Ltd purchased a new position in shares of Broadcom during the first quarter worth about $66,748,000. NTV Asset Management LLC grew its holdings in shares of Broadcom by 59.7% during the first quarter. NTV Asset Management LLC now owns 2,391 shares of the semiconductor manufacturer’s stock worth $400,000 after purchasing an additional 894 shares in the last quarter. Finally, Stratos Wealth Advisors LLC grew its holdings in shares of Broadcom by 20.0% during the first quarter. Stratos Wealth Advisors LLC now owns 7,733 shares of the semiconductor manufacturer’s stock worth $1,295,000 after purchasing an additional 1,289 shares in the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. TD Cowen boosted their price objective on Broadcom from $355.00 to $370.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Piper Sandler boosted their price objective on Broadcom from $315.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. Bank of America boosted their price objective on Broadcom from $300.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Wall Street Zen lowered Broadcom from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Finally, Truist Financial increased their price objective on Broadcom from $295.00 to $365.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Three research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Broadcom has a consensus rating of “Buy” and a consensus target price of $372.52.

Insider Buying and Selling at Broadcom

In related news, insider Mark David Brazeal sold 16,558 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the transaction, the insider directly owned 329,302 shares in the company, 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 is available through the SEC website. Also, insider Charlie B. Kawwas sold 3,893 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total value of $1,354,063.26. Following the transaction, the insider owned 25,295 shares in the company, valued at approximately $8,798,106.90. The trade was a 13.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders purchased 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,464,248. 2.00% of the stock is owned by insiders.

Broadcom Price Performance

AVGO opened at $358.98 on Thursday. The stock’s 50 day simple moving average is $342.93 and its 200 day simple moving average is $287.25. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $386.48. The firm has a market cap of $1.70 trillion, a price-to-earnings ratio of 91.58, a PEG ratio of 1.42 and a beta of 1.19.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.03. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The business had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. During the same period last year, the company earned $1.24 EPS. Broadcom’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, analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, September 22nd. Broadcom’s dividend payout ratio (DPR) is presently 60.20%.

Broadcom Company 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.