Arista Wealth Management LLC Makes New $7.50 Million Investment in Broadcom Inc. $AVGO

Key Points

• Arista Wealth Management LLC has made a new investment of approximately $7.50 million by acquiring 27,215 shares of Broadcom Inc. ($AVGO), which now constitutes about 1.0% of its portfolio.
• Broadcom recently received multiple analyst upgrades, with price targets raised to ranges between $375.00 and $420.00, highlighting strong confidence in the company's growth potential.
• Broadcom's quarterly earnings surpassed estimates with revenues of $15.95 billion and a net income margin of 31.59%, reflecting a 22.0% increase compared to the same quarter last year.

Arista Wealth Management LLC bought a new position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 27,215 shares of the semiconductor manufacturer's stock, valued at approximately $7,502,000. Broadcom makes up approximately 1.0% of Arista Wealth Management LLC's portfolio, making the stock its 19th largest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Broadcom by 0.4% during the first quarter. Vanguard Group Inc. now owns 477,220,137 shares of the semiconductor manufacturer's stock worth $79,900,968,000 after acquiring an additional 2,085,534 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Broadcom by 37.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer's stock valued at $10,968,270,000 after purchasing an additional 17,985,046 shares during the period. Nuveen LLC acquired a new stake in shares of Broadcom in the 1st quarter valued at about $6,649,117,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Broadcom by 2.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 35,243,467 shares of the semiconductor manufacturer's stock valued at $5,900,814,000 after purchasing an additional 842,088 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Broadcom by 3.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 33,852,310 shares of the semiconductor manufacturer's stock valued at $5,668,134,000 after purchasing an additional 1,043,948 shares during the period. 76.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AVGO shares. Piper Sandler lifted their price target on Broadcom from $315.00 to $375.00 and gave the company an "overweight" rating in a research note on Friday, September 5th. TD Cowen lifted their price target on Broadcom from $355.00 to $370.00 and gave the company a "buy" rating in a research note on Friday, September 5th. Macquarie started coverage on Broadcom in a research note on Monday, September 15th. They issued an "outperform" rating and a $420.00 price target on the stock. Morgan Stanley set a $409.00 price target on Broadcom and gave the company an "overweight" rating in a research note on Tuesday, October 14th. Finally, Evercore ISI lifted their price target on Broadcom from $342.00 to $403.00 and gave the company an "outperform" rating in a research note on Wednesday, October 15th. Three research 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. According to data from MarketBeat, Broadcom presently has a consensus rating of "Buy" and a consensus target price of $372.52.

Broadcom Price Performance

Shares of NASDAQ AVGO opened at $344.29 on Friday. The business's 50 day moving average price is $330.52 and its two-hundred day moving average price is $273.74. The company has a market cap of $1.63 trillion, a PE ratio of 87.83, a price-to-earnings-growth ratio of 1.92 and a beta of 1.20. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $374.23.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping analysts' consensus estimates of $1.66 by $0.03. The firm had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The business's revenue was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. On average, analysts predict that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, September 22nd. Broadcom's payout ratio is 60.20%.

Insider Activity

In other Broadcom news, insider Mark David Brazeal sold 16,558 shares of the business's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the transaction, the insider owned 329,302 shares of the company's stock, valued at $114,468,668.22. The trade was a 4.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kirsten M. Spears sold 7,498 shares of the business's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total value of $2,606,754.68. Following the transaction, the chief financial officer directly owned 313,330 shares in the company, valued at approximately $108,932,307.80. This trade represents a 2.34% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 3,550 shares of company stock valued at $1,227,869 and have sold 665,271 shares valued at $225,464,248. 2.00% of the stock is owned by corporate insiders.

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.

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