Aaron Wealth Advisors LLC Increases Stake in Broadcom Inc. $AVGO

Key Points

• Aaron Wealth Advisors LLC increased its stake in Broadcom Inc. by 10.2%, owning 25,612 shares worth approximately $7,060,000.
• Broadcom reported an EPS of $1.69 for the quarter, surpassing estimates and showing a 22% year-over-year revenue growth.
• The company recently declared a quarterly dividend of $0.59, with a 0.7% dividend yield and a payout ratio of 60.20%.

Aaron Wealth Advisors LLC raised its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 10.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,612 shares of the semiconductor manufacturer's stock after purchasing an additional 2,371 shares during the quarter. Broadcom accounts for 0.7% of Aaron Wealth Advisors LLC's portfolio, making the stock its 23rd largest holding. Aaron Wealth Advisors LLC's holdings in Broadcom were worth $7,060,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AVGO. PARUS FINANCE UK Ltd raised its position in shares of Broadcom by 175.3% during the 1st quarter. PARUS FINANCE UK Ltd now owns 100,578 shares of the semiconductor manufacturer's stock valued at $16,840,000 after acquiring an additional 64,038 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Broadcom by 27.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 64,130 shares of the semiconductor manufacturer's stock worth $10,737,000 after buying an additional 13,978 shares during the last quarter. Keener Financial Planning LLC boosted its stake in shares of Broadcom by 34.8% during the 1st quarter. Keener Financial Planning LLC now owns 890 shares of the semiconductor manufacturer's stock worth $149,000 after buying an additional 230 shares during the last quarter. Diversify Wealth Management LLC lifted its stake in Broadcom by 5.6% in the 1st quarter. Diversify Wealth Management LLC now owns 38,016 shares of the semiconductor manufacturer's stock valued at $6,365,000 after purchasing an additional 2,016 shares during the last quarter. Finally, Acorns Advisers LLC lifted its stake in Broadcom by 24.3% in the 1st quarter. Acorns Advisers LLC now owns 4,184 shares of the semiconductor manufacturer's stock valued at $701,000 after purchasing an additional 818 shares during the last quarter. Institutional investors own 76.43% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on AVGO shares. Sanford C. Bernstein raised their target price on shares of Broadcom from $295.00 to $400.00 and gave the stock an "outperform" 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. Citigroup boosted their target price on shares of Broadcom from $315.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. Wells Fargo & Company upped 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. Finally, Rosenblatt Securities boosted their target price on shares of Broadcom from $340.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, September 5th. Three research 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 company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $356.48.

Insider Buying and Selling at Broadcom

In other news, CEO Hock E. Tan sold 148,154 shares of the company's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $336.67, for a total value of $49,879,007.18. Following the transaction, the chief executive officer directly owned 825,998 shares in the company, valued at approximately $278,088,746.66. This represents a 15.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Henry Samueli sold 473,898 shares of the company's stock in a transaction dated Wednesday, June 25th. The stock was 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 owned 38,188,575 shares in the company, valued at approximately $10,132,574,604.75. The trade was a 1.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 3,550 shares of company stock valued at $1,227,869 and have sold 794,602 shares valued at $220,766,166. 2.00% of the stock is currently owned by insiders.

Broadcom Stock Down 0.2%

NASDAQ AVGO traded down $0.82 during trading hours on Thursday, reaching $345.35. 24,609,775 shares of the company's stock traded hands, compared to its average volume of 27,276,284. The firm has a market cap of $1.63 trillion, a PE ratio of 88.10, a PEG ratio of 1.91 and a beta of 1.16. 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 Inc. has a 52-week low of $138.10 and a 52-week high of $374.23. The firm has a 50-day simple moving average of $306.64 and a 200 day simple moving average of $246.25.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced 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. The firm had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The business's revenue for the quarter was up 22.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. Sell-side analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current fiscal 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 paid a dividend of $0.59 per share. The ex-dividend date of this dividend 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 is presently 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.