Arbor Wealth Advisors LLC Takes Position in Broadcom Inc. $AVGO

Key Points

• Arbor Wealth Advisors LLC purchased a new stake in Broadcom Inc., acquiring 890 shares valued at approximately $245,000 during the second quarter.
• Insider trading activities revealed that Broadcom's CFO sold 36,350 shares valued over $9.4 million, resulting in a 10.04% decrease in their ownership.
• Analyst upgrades included multiple firms raising Broadcom's price targets, with Rosenblatt Securities increasing theirs from $340 to $400, reflecting a strong consensus buy rating for the stock.

Arbor Wealth Advisors LLC bought a new position in Broadcom Inc. (NASDAQ:AVGO - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 890 shares of the semiconductor manufacturer's stock, valued at approximately $245,000.

Several other hedge funds also recently bought and sold shares of AVGO. Sawyer & Company Inc increased its position in shares of Broadcom by 62.1% in the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock valued at $26,000 after acquiring an additional 36 shares during the last quarter. Sunbeam Capital Management LLC acquired a new position in shares of Broadcom during the 4th quarter worth approximately $28,000. Vermillion Wealth Management Inc. acquired a new stake in Broadcom in the fourth quarter valued at $30,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Broadcom in the first quarter valued at $25,000. Finally, Cheviot Value Management LLC acquired a new stake in Broadcom in the first quarter valued at $25,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Broadcom

In related news, Director Henry Samueli sold 473,898 shares of Broadcom stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $265.33, for a total value of $125,739,356.34. Following the transaction, the director owned 38,188,575 shares in the company, valued at approximately $10,132,574,604.75. This trade represents a 1.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kirsten M. Spears sold 36,350 shares of the firm's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $261.27, for a total value of $9,497,164.50. Following the sale, the chief financial officer owned 325,587 shares in the company, valued at approximately $85,066,115.49. The trade was a 10.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 3,550 shares of company stock worth $1,227,869 and have sold 840,522 shares worth $236,959,124. 2.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AVGO shares. Redburn Atlantic began coverage on Broadcom in a research note on Wednesday, May 28th. They issued a "buy" rating and a $301.00 price target on the stock. TD Cowen raised their price objective 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. Evercore ISI reiterated an "outperform" rating and issued a $342.00 price target (up previously from $304.00) on shares of Broadcom in a research note on Thursday, September 4th. Macquarie started coverage on Broadcom in a report on Monday, September 15th. They issued an "outperform" rating and a $420.00 price target on the stock. Finally, Barclays boosted their price objective on Broadcom from $265.00 to $400.00 and gave the company an "overweight" rating in a report on Friday, September 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Broadcom presently has a consensus rating of "Buy" and an average target price of $356.48.

Broadcom Trading Down 0.1%

AVGO traded down $0.41 on Friday, hitting $344.94. The company had a trading volume of 41,147,297 shares, compared to its average volume of 27,762,164. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $374.23. 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 company's fifty day moving average price is $308.05 and its 200 day moving average price is $247.33. The firm has a market cap of $1.63 trillion, a P/E ratio of 87.99, a PEG ratio of 1.91 and a beta of 1.16.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (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 company had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.82 billion. During the same quarter in the previous year, the firm earned $1.24 earnings per share. The firm's quarterly revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, September 22nd. Broadcom's dividend payout ratio (DPR) is 60.20%.

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.