913 Shares in Broadcom Inc. $AVGO Bought by WealthCare Investment Partners LLC

Key Points

• WealthCare Investment Partners LLC acquired 913 shares of Broadcom Inc. for approximately $251,000 during the second quarter, as detailed in their recent 13F filing.
• Broadcom reported a quarterly EPS of $1.69, exceeding analysts' estimates, with revenues reaching $15.95 billion, marking a 22% increase compared to the previous year.
• The company announced a quarterly dividend of $0.59 per share, resulting in an annualized yield of 0.6%, with the ex-dividend date set for September 22nd.

WealthCare Investment Partners LLC bought a new position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 913 shares of the semiconductor manufacturer's stock, valued at approximately $251,000.

Several other large investors have also added to or reduced their stakes in AVGO. Barnes Dennig Private Wealth Management LLC acquired a new position in Broadcom during the first quarter worth $25,000. Cheviot Value Management LLC acquired a new position in Broadcom during the first quarter worth $25,000. Inlight Wealth Management LLC acquired a new position in Broadcom during the first quarter worth $26,000. Sunbeam Capital Management LLC acquired a new position in Broadcom during the fourth quarter worth $28,000. Finally, Vermillion Wealth Management Inc. acquired a new position in Broadcom during the fourth quarter worth $30,000. Institutional investors and hedge funds own 76.43% of the company's stock.

Broadcom Price Performance

NASDAQ:AVGO opened at $364.09 on Tuesday. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $374.23. The firm has a market cap of $1.72 trillion, a price-to-earnings ratio of 92.88, a P/E/G ratio of 1.99 and a beta of 1.16. The firm's 50-day simple moving average is $302.11 and its 200 day simple moving average is $243.65. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings results 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 net margin of 31.59% and a return on equity of 36.60%. The business had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. During the same period last year, the firm earned $1.24 earnings per share. Broadcom's revenue for the quarter was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. As a group, sell-side analysts predict 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 will be paid on Tuesday, September 30th. Investors of record on Monday, September 22nd will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Monday, September 22nd. Broadcom's dividend payout ratio (DPR) is currently 60.20%.

Insider Buying and Selling at Broadcom

In other Broadcom news, CFO Kirsten M. Spears sold 56,310 shares of the firm's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $251.75, for a total value of $14,176,042.50. Following the transaction, the chief financial officer directly owned 361,937 shares of the company's stock, valued at $91,117,639.75. This trade represents a 13.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Henry Samueli sold 473,898 shares of the firm's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $265.33, for a total transaction of $125,739,356.34. Following the completion of the transaction, the director directly owned 38,188,575 shares in the company, valued at approximately $10,132,574,604.75. This represents a 1.23% 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 850,112 shares valued at $234,654,209. 2.00% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently commented on AVGO shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of Broadcom from $300.00 to $350.00 and gave the stock a "buy" rating in a report on Friday, September 5th. Macquarie started coverage on shares of Broadcom in a report on Monday. They issued an "outperform" rating and a $420.00 target price on the stock. Piper Sandler lifted their price target on Broadcom from $315.00 to $375.00 and gave the stock an "overweight" rating in a report on Friday, September 5th. Citigroup boosted their price target on Broadcom from $315.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $340.00 price target on shares of Broadcom in a research report on Wednesday, August 13th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Broadcom has a consensus rating of "Buy" and a consensus target price of $356.48.

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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