16,032 Shares in Broadcom Inc. $AVGO Bought by St. Louis Financial Planners Asset Management LLC

Key Points

• St. Louis Financial Planners Asset Management LLC acquired 16,032 shares of Broadcom Inc. for approximately $4.4 million, representing 3.4% of their investment portfolio.
• Insider sales included Henry Samueli selling 473,898 shares valued at over $125 million, reducing his stake by 1.23%.
• Broadcom recently received multiple analyst upgrades, with Barclays raising its price target to $400 and maintaining an "overweight" rating.

St. Louis Financial Planners Asset Management LLC bought a new stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,032 shares of the semiconductor manufacturer's stock, valued at approximately $4,419,000. Broadcom makes up 3.4% of St. Louis Financial Planners Asset Management LLC's holdings, making the stock its 5th biggest position.

Several other institutional investors and hedge funds have also recently modified their holdings of AVGO. Sunbeam Capital Management LLC acquired a new stake in shares of Broadcom during the 4th quarter worth approximately $28,000. Vermillion Wealth Management Inc. purchased a new position in Broadcom in the fourth quarter worth approximately $30,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Broadcom in the first quarter worth approximately $25,000. Cheviot Value Management LLC purchased a new position in Broadcom in the first quarter worth approximately $25,000. Finally, Inlight Wealth Management LLC purchased a new position in Broadcom in the first quarter worth approximately $26,000. Institutional investors and hedge funds own 76.43% of the company's stock.

Broadcom Price Performance

AVGO traded down $0.41 during trading on Friday, reaching $344.94. 41,147,297 shares of the stock were exchanged, compared to its average volume of 27,762,164. The business's 50 day moving average price is $308.05 and its two-hundred day moving average price is $247.33. The company has a market capitalization of $1.63 trillion, a price-to-earnings ratio of 87.99, a P/E/G ratio of 1.91 and a beta of 1.16. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $374.23. 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 (NASDAQ:AVGO - Get Free Report) last posted 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 return on equity of 36.60% and a net margin of 31.59%.The firm had revenue of $15.95 billion during the quarter, compared to analysts' expectations of $15.82 billion. During the same quarter last year, the business posted $1.24 EPS. The firm's quarterly revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities research analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 22nd will be issued a $0.59 dividend. The ex-dividend date is Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. Broadcom's dividend payout ratio (DPR) is presently 60.20%.

Insider Transactions at Broadcom

In related news, CFO Kirsten M. Spears sold 36,350 shares of the stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $261.27, for a total transaction of $9,497,164.50. Following the completion of the sale, the chief financial officer owned 325,587 shares of the company's stock, valued at approximately $85,066,115.49. This represents a 10.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark David Brazeal sold 50,000 shares of the business's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $253.28, for a total transaction of $12,664,000.00. Following the sale, the insider owned 415,956 shares of the company's stock, valued at approximately $105,353,335.68. This represents a 10.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 3,550 shares of company stock valued at $1,227,869 and have sold 840,522 shares valued at $236,959,124. 2.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

AVGO has been the topic of several recent analyst reports. Evercore ISI reaffirmed an "outperform" rating and issued a $342.00 price target (up previously from $304.00) on shares of Broadcom in a research note on Thursday, September 4th. Hsbc Global Res upgraded shares of Broadcom from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 24th. Wells Fargo & Company increased their price objective on shares of Broadcom from $255.00 to $345.00 and gave the stock an "equal weight" rating in a research report on Friday, September 5th. TD Cowen boosted their target price on Broadcom from $355.00 to $370.00 and gave the company a "buy" rating in a research report on Friday, September 5th. Finally, Rosenblatt Securities lifted their target price on Broadcom from $340.00 to $400.00 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, twenty-nine have assigned a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $356.48.

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.