2,483 Shares in Broadcom Inc. $AVGO Purchased by WBI Investments LLC

Key Points

• WBI Investments LLC has purchased a new stake in Broadcom Inc., acquiring 2,483 shares valued at approximately $416,000 in the 1st quarter.
• Institutional investors and hedge funds collectively own 76.43% of Broadcom's stock, indicating significant institutional interest.
• Broadcom's recent quarterly earnings showed a strong performance with a 22.0% year-on-year revenue increase, reporting $15.95 billion compared to an estimated $15.82 billion.

WBI Investments LLC purchased a new stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,483 shares of the semiconductor manufacturer's stock, valued at approximately $416,000.

Several other large investors have also recently added to or reduced their stakes in the company. Waddell & Associates LLC raised its holdings in Broadcom by 2.1% in the 1st quarter. Waddell & Associates LLC now owns 2,091 shares of the semiconductor manufacturer's stock valued at $350,000 after acquiring an additional 43 shares in the last quarter. Challenger Wealth Management raised its holdings in Broadcom by 1.3% in the 1st quarter. Challenger Wealth Management now owns 3,504 shares of the semiconductor manufacturer's stock valued at $587,000 after acquiring an additional 45 shares in the last quarter. True Wealth Design LLC raised its holdings in Broadcom by 7.2% in the 4th quarter. True Wealth Design LLC now owns 712 shares of the semiconductor manufacturer's stock valued at $165,000 after acquiring an additional 48 shares in the last quarter. Wescott Financial Advisory Group LLC raised its holdings in Broadcom by 3.8% in the 1st quarter. Wescott Financial Advisory Group LLC now owns 1,326 shares of the semiconductor manufacturer's stock valued at $222,000 after acquiring an additional 48 shares in the last quarter. Finally, Martingale Asset Management L P raised its holdings in Broadcom by 1.3% in the 1st quarter. Martingale Asset Management L P now owns 3,876 shares of the semiconductor manufacturer's stock valued at $649,000 after acquiring an additional 48 shares in the last quarter. Institutional investors and hedge funds own 76.43% of the company's stock.

Insider Activity

In other news, insider Mark David Brazeal sold 50,000 shares of the business's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $253.28, for a total value of $12,664,000.00. Following the sale, the insider directly owned 415,956 shares in the company, valued at $105,353,335.68. The trade was a 10.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Hock E. Tan sold 40,000 shares of the business's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $262.17, for a total value of $10,486,800.00. Following the completion of the sale, the chief executive officer owned 974,152 shares in the company, valued at approximately $255,393,429.84. This trade represents a 3.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders purchased 3,550 shares of company stock valued at $1,227,869 and sold 702,758 shares valued at $184,975,481. Insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on AVGO. UBS Group upped their price target on Broadcom from $290.00 to $345.00 and gave the company a "buy" rating in a report on Monday, August 25th. Sanford C. Bernstein upped their price objective on Broadcom from $295.00 to $400.00 and gave the company an "outperform" rating in a research note on Friday, September 5th. Hsbc Global Res upgraded Broadcom from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, June 24th. JPMorgan Chase & Co. upped their price objective on Broadcom from $325.00 to $400.00 and gave the company an "overweight" rating in a research note on Friday, September 5th. Finally, Mizuho upped their price objective on Broadcom from $320.00 to $355.00 and gave the company an "outperform" rating in a research note on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Broadcom has an average rating of "Buy" and a consensus target price of $351.92.

Broadcom Stock Down 2.7%

Shares of AVGO opened at $359.63 on Friday. The firm has a market capitalization of $1.69 trillion, a price-to-earnings ratio of 91.74, a PEG ratio of 2.04 and a beta of 1.16. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. The business's fifty day moving average price is $298.61 and its two-hundred day moving average price is $240.90. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $374.23.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $15.82 billion. During the same period last year, the company earned $1.24 EPS. The business's quarterly revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. On average, analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd will be issued a dividend of $0.59 per share. The ex-dividend date is Monday, September 22nd. This represents a $2.36 annualized dividend and a yield of 0.7%. Broadcom's payout ratio is currently 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.

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