791 Shares in Broadcom Inc. $AVGO Purchased by Wealth Advisors Northwest LLC

Key Points

• Wealth Advisors Northwest LLC purchased 791 shares of Broadcom Inc. for approximately $218,000 in the second quarter, indicating continued institutional interest in the semiconductor company's stock.
• Several brokerages have recently increased their price targets for Broadcom, with Piper Sandler setting a new target of $375.00 and TD Cowen raising their target to $370.00, reflecting positive forecasts for the company.
• Broadcom reported a quarterly earnings per share of $1.69, exceeding expectations, and announced a quarterly dividend of $0.59, which represents a 0.7% yield.

Wealth Advisors Northwest LLC purchased a new position in Broadcom Inc. (NASDAQ:AVGO - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 791 shares of the semiconductor manufacturer's stock, valued at approximately $218,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of AVGO. Sawyer & Company Inc boosted its holdings in shares of Broadcom by 62.1% in the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock worth $26,000 after purchasing an additional 36 shares in the last quarter. PFS Partners LLC boosted its stake in Broadcom by 38.4% in the second quarter. PFS Partners LLC now owns 137 shares of the semiconductor manufacturer's stock worth $38,000 after buying an additional 38 shares in the last quarter. Waddell & Associates LLC grew its position in Broadcom by 2.1% during the first 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 during the last quarter. Luts & Greenleigh Group Inc. grew its position in Broadcom by 1.3% during the second quarter. Luts & Greenleigh Group Inc. now owns 3,405 shares of the semiconductor manufacturer's stock valued at $939,000 after acquiring an additional 44 shares during the last quarter. Finally, Challenger Wealth Management grew its position in Broadcom by 1.3% during the first 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 during the last quarter. Hedge funds and other institutional investors own 76.43% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AVGO. Piper Sandler upped their price objective on shares of Broadcom from $315.00 to $375.00 and gave the company an "overweight" rating in a research note on Friday, September 5th. Evercore ISI reaffirmed an "outperform" rating and issued a $342.00 price objective (up previously from $304.00) on shares of Broadcom in a research note on Thursday, September 4th. TD Cowen upped their price target on shares of Broadcom from $355.00 to $370.00 and gave the company a "buy" rating in a research report on Friday, September 5th. The Goldman Sachs Group restated a "buy" rating and set a $340.00 price target on shares of Broadcom in a research report on Wednesday, August 13th. Finally, Truist Financial increased their target price on Broadcom from $295.00 to $365.00 and gave the company a "buy" rating in a report on Friday, September 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Broadcom currently has an average rating of "Buy" and a consensus target price of $370.07.

Broadcom Stock Performance

Broadcom stock opened at $344.13 on Wednesday. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. The firm has a 50-day moving average of $324.84 and a 200-day moving average of $265.45. The firm has a market cap of $1.63 trillion, a P/E ratio of 87.79, a P/E/G ratio of 1.98 and a beta of 1.20. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $374.23.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.03. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The business 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 business's revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. Sell-side analysts expect that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, September 22nd. Broadcom's dividend payout ratio (DPR) is currently 60.20%.

Insider Transactions at Broadcom

In other news, insider Mark David Brazeal sold 16,558 shares of the firm's 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 sale, the insider directly owned 329,302 shares of the company's stock, valued at approximately $114,468,668.22. This trade represents a 4.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Charlie B. Kawwas sold 3,893 shares of the firm's stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the completion of the sale, the insider directly owned 25,295 shares of the company's stock, valued at approximately $8,798,106.90. This represents a 13.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders bought 3,550 shares of company stock worth $1,227,869 and sold 664,471 shares worth $225,184,128. 2.00% of the stock is currently owned by company insiders.

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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