2,959 Shares in Broadcom Inc. $AVGO Bought by TriaGen Wealth Management LLC

Key Points

• TriaGen Wealth Management LLC has acquired 2,959 shares of Broadcom Inc. valued at approximately $816,000 during the second quarter.
• Broadcom recently declared a quarterly dividend of $0.59 per share, resulting in an annualized yield of 0.7% and a payout ratio of 60.20%.
• Broadcom beat earnings estimates with a reported $1.69 EPS for the last quarter, significantly higher than the consensus estimate of $1.66, and revenue increased by 22.0% year-over-year.

TriaGen Wealth Management LLC purchased a new position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,959 shares of the semiconductor manufacturer's stock, valued at approximately $816,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barnes Dennig Private Wealth Management LLC purchased a new stake in Broadcom during the 1st quarter worth $25,000. Cheviot Value Management LLC purchased a new stake in Broadcom during the 1st quarter worth $25,000. Inlight Wealth Management LLC purchased a new stake in Broadcom during the 1st quarter worth $26,000. Sawyer & Company Inc increased its stake in Broadcom by 62.1% during the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock worth $26,000 after buying an additional 36 shares during the period. Finally, Legend Financial Advisors Inc. purchased a new stake in Broadcom during the 2nd quarter worth $28,000. Hedge funds and other institutional investors own 76.43% of the company's stock.

Broadcom Trading Down 5.9%

NASDAQ AVGO opened at $324.63 on Monday. Broadcom Inc. has a one year low of $138.10 and a one year high of $374.23. The company has a 50-day simple moving average of $322.64 and a 200-day simple moving average of $263.58. 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 firm has a market capitalization of $1.53 trillion, a PE ratio of 82.81, a price-to-earnings-growth ratio of 1.80 and a beta of 1.20.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating the consensus estimate of $1.66 by $0.03. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The business had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.82 billion. During the same period in the previous year, the business posted $1.24 EPS. The company's quarterly revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. On average, equities analysts forecast 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. Stockholders of record on Monday, September 22nd were issued a $0.59 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. Broadcom's payout ratio is 60.20%.

Wall Street Analyst Weigh In

AVGO has been the topic of several analyst reports. Wall Street Zen raised shares of Broadcom from a "hold" rating to a "buy" rating in a research note on Saturday, September 6th. Mizuho raised their price objective on shares of Broadcom from $355.00 to $410.00 and gave the stock an "outperform" rating in a report on Friday, September 12th. The Goldman Sachs Group reissued a "buy" rating and set a $340.00 price objective on shares of Broadcom in a report on Wednesday, August 13th. Argus raised their price objective on shares of Broadcom from $285.00 to $375.00 and gave the stock a "buy" rating in a report on Monday, September 8th. Finally, Evercore ISI reissued an "outperform" rating and set a $342.00 price objective (up from $304.00) on shares of Broadcom in a report on Thursday, September 4th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $357.22.

Insiders Place Their Bets

In other news, insider Mark David Brazeal sold 16,558 shares of Broadcom stock in a transaction dated 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 transaction, the insider directly owned 329,302 shares of the company's stock, valued at approximately $114,468,668.22. The trade was a 4.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Henry Samueli sold 368,797 shares of the business's stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the transaction, the director directly owned 37,722,534 shares of the company's stock, valued at $12,746,821,463.94. The trade was a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders acquired 3,550 shares of company stock worth $1,227,869 and sold 664,471 shares worth $225,184,128. Corporate insiders own 2.00% of the company's stock.

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.

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