Pettyjohn Wood & White Inc. Has $5.16 Million Stock Holdings in Broadcom Inc. $AVGO

Pettyjohn Wood & White Inc. boosted its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 3.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 18,718 shares of the semiconductor manufacturer’s stock after buying an additional 550 shares during the period. Pettyjohn Wood & White Inc.’s holdings in Broadcom were worth $5,160,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in AVGO. Cheviot Value Management LLC acquired a new position in Broadcom in the 1st quarter worth $25,000. Sawyer & Company Inc lifted its holdings in shares of Broadcom by 62.1% in the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 36 shares in the last quarter. Legend Financial Advisors Inc. acquired a new position in shares of Broadcom during the second quarter worth about $28,000. LGT Financial Advisors LLC bought a new position in shares of Broadcom during the second quarter worth about $31,000. Finally, New England Capital Financial Advisors LLC acquired a new stake in Broadcom in the 2nd quarter valued at approximately $31,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Insider Activity at Broadcom

In other news, Director Justine Page sold 800 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $331.14, for a total value of $264,912.00. Following the transaction, the director owned 21,382 shares of the company’s stock, valued at approximately $7,080,435.48. This represents a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark David Brazeal sold 16,558 shares of the business’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total value of $5,755,726.38. Following the completion of the sale, the insider owned 329,302 shares of the company’s stock, valued at $114,468,668.22. This trade represents a 4.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have purchased 3,550 shares of company stock valued at $1,227,869 and have sold 665,271 shares valued at $225,483,192. Insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Broadcom in a research note on Wednesday. Barclays set a $450.00 price objective on shares of Broadcom and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $340.00 target price on shares of Broadcom in a research report on Wednesday, August 13th. Mizuho set a $435.00 price target on Broadcom and gave the company an “outperform” rating in a research report on Tuesday, October 21st. Finally, Citigroup reaffirmed a “buy” rating and set a $415.00 price target (up previously from $350.00) on shares of Broadcom in a research report on Tuesday, October 14th. Three investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $374.21.

Broadcom Stock Performance

AVGO opened at $340.20 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.50 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 $386.48. The business has a 50 day moving average of $348.15 and a 200-day moving average of $300.59. The stock has a market cap of $1.61 trillion, a price-to-earnings ratio of 86.79, a PEG ratio of 1.16 and a beta of 1.19.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, topping 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 analysts’ expectations of $15.82 billion. During the same period in the previous year, the business posted $1.24 earnings per share. 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. On average, 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 disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were given a dividend of $0.59 per share. The ex-dividend date was Monday, September 22nd. This represents a $2.36 annualized dividend and a yield of 0.7%. Broadcom’s dividend payout ratio (DPR) is 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.