Boomfish Wealth Group LLC Has $2.81 Million Stock Position in Broadcom Inc. $AVGO

Key Points

• Boomfish Wealth Group LLC significantly increased its holdings in Broadcom Inc. by 88.8% in the 2nd quarter, now owning **10,205 shares** valued at approximately $2.81 million.
• Several analysts have recently raised their price targets for Broadcom, with HSBC upgrading the stock to a "buy" rating and setting a target of **$400.00**.
• Insider trading activity included Director Henry Samueli selling over 368,000 shares for approximately $124.6 million, representing a decrease in their ownership.

Boomfish Wealth Group LLC increased its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 88.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,205 shares of the semiconductor manufacturer's stock after purchasing an additional 4,800 shares during the quarter. Broadcom makes up about 1.6% of Boomfish Wealth Group LLC's investment portfolio, making the stock its 25th biggest holding. Boomfish Wealth Group LLC's holdings in Broadcom were worth $2,813,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Weaver Capital Management LLC boosted its stake in shares of Broadcom by 0.8% during the 2nd quarter. Weaver Capital Management LLC now owns 42,231 shares of the semiconductor manufacturer's stock worth $11,641,000 after buying an additional 332 shares during the last quarter. Edge Financial Advisors LLC grew its stake in Broadcom by 6.9% in the second quarter. Edge Financial Advisors LLC now owns 1,663 shares of the semiconductor manufacturer's stock valued at $444,000 after purchasing an additional 108 shares in the last quarter. MFA Wealth Services grew its stake in Broadcom by 1.6% in the second quarter. MFA Wealth Services now owns 4,762 shares of the semiconductor manufacturer's stock valued at $1,313,000 after purchasing an additional 76 shares in the last quarter. Leo Wealth LLC grew its stake in Broadcom by 51.1% in the second quarter. Leo Wealth LLC now owns 15,716 shares of the semiconductor manufacturer's stock valued at $4,321,000 after purchasing an additional 5,313 shares in the last quarter. Finally, Lokken Investment Group LLC boosted its holdings in shares of Broadcom by 2.4% in the 2nd quarter. Lokken Investment Group LLC now owns 10,267 shares of the semiconductor manufacturer's stock valued at $2,830,000 after buying an additional 242 shares during the last quarter. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. HSBC raised Broadcom from a "hold" rating to a "buy" rating and set a $400.00 price objective for the company in a report on Tuesday, June 24th. Argus raised their target price on shares of Broadcom from $285.00 to $375.00 and gave the company a "buy" rating in a research note on Monday, September 8th. Mizuho set a $430.00 price target on Broadcom in a report on Monday. Arete Research upgraded Broadcom to a "strong-buy" rating in a research note on Monday, July 28th. Finally, Rosenblatt Securities upped their price objective on Broadcom from $340.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, September 5th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, Broadcom currently has an average rating of "Buy" and an average price target of $370.07.

Insiders Place Their Bets

In other news, Director Henry Samueli sold 368,797 shares of the company's stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total value of $124,620,194.27. Following the completion of the transaction, the director owned 37,722,534 shares of the company's stock, valued at $12,746,821,463.94. This represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Kirsten M. Spears sold 7,498 shares of the company's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $347.66, for a total transaction of $2,606,754.68. Following the completion of the transaction, the chief financial officer owned 313,330 shares of the company's stock, valued at approximately $108,932,307.80. This trade represents a 2.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 3,550 shares of company stock worth $1,227,869 and have sold 664,471 shares worth $225,184,128. 2.00% of the stock is currently owned by company insiders.

Broadcom Price Performance

Shares of NASDAQ AVGO opened at $344.13 on Wednesday. The stock has a market capitalization of $1.63 trillion, a PE ratio of 87.79, a P/E/G ratio of 1.98 and a beta of 1.20. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. The business has a fifty day moving average price of $324.84 and a two-hundred day moving average price of $265.45. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $374.23.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating the consensus estimate 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 analysts' expectations of $15.82 billion. During the same period in the previous year, the company earned $1.24 EPS. The business'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, equities analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were issued a $0.59 dividend. 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 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.

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