Wealthspire Advisors LLC Raises Holdings in Broadcom Inc. $AVGO

Wealthspire Advisors LLC boosted its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 6.1% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 45,807 shares of the semiconductor manufacturer's stock after buying an additional 2,645 shares during the quarter. Wealthspire Advisors LLC's holdings in Broadcom were worth $12,627,000 as of its most recent filing with the SEC.

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Other hedge funds also recently bought and sold shares of the company. Sawyer & Company Inc boosted its stake in shares of Broadcom by 62.1% during the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock valued at $26,000 after acquiring an additional 36 shares during the last quarter. Legend Financial Advisors Inc. purchased a new position in Broadcom in the 2nd quarter valued at about $28,000. LGT Financial Advisors LLC acquired a new stake in shares of Broadcom during the 2nd quarter worth about $31,000. New England Capital Financial Advisors LLC purchased a new stake in shares of Broadcom during the second quarter worth about $31,000. Finally, Maseco LLP acquired a new position in shares of Broadcom in the second quarter valued at approximately $34,000. Hedge funds and other institutional investors own 76.43% of the company's stock.

Broadcom Stock Performance

Broadcom stock opened at $354.42 on Thursday. 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 12 month low of $138.10 and a 12 month high of $386.48. The company has a market cap of $1.67 trillion, a price-to-earnings ratio of 90.41, a price-to-earnings-growth ratio of 1.17 and a beta of 1.19. The stock's 50-day moving average is $348.80 and its 200-day moving average is $298.58.

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Broadcom (NASDAQ:AVGO - Get Free Report) last posted its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.66 by $0.03. The firm had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The company's revenue was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Equities analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, September 22nd. Broadcom's dividend payout ratio is 60.20%.

Insider Transactions at Broadcom

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In other Broadcom news, Director Justine Page sold 800 shares of the firm's stock in a transaction dated 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 directly owned 21,382 shares of the company's stock, valued at $7,080,435.48. This trade represents a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Henry Samueli sold 368,797 shares of the business's stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total value of $124,620,194.27. Following the transaction, the director owned 37,722,534 shares in the company, valued at approximately $12,746,821,463.94. This represents a 0.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders acquired 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,483,192. 2.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on AVGO. TD Cowen upped their price objective on shares of Broadcom from $355.00 to $370.00 and gave the company a "buy" rating in a research note on Friday, September 5th. Citigroup restated a "buy" rating and set a $415.00 price objective (up previously from $350.00) on shares of Broadcom in a report on Tuesday, October 14th. Argus upped their target price on Broadcom from $285.00 to $375.00 and gave the company a "buy" rating in a research note on Monday, September 8th. Macquarie started coverage on Broadcom in a research note on Monday, September 15th. They issued an "outperform" rating and a $420.00 price target on the stock. Finally, The Goldman Sachs Group reiterated a "buy" rating and set a $340.00 price objective on shares of Broadcom in a report on Wednesday, August 13th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $372.52.

Check Out Our Latest Analysis on AVGO

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.

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