Broadcom Inc. $AVGO is Nicola Wealth Management LTD.'s 10th Largest Position

Key Points

• Nicola Wealth Management LTD. increased its investment in Broadcom Inc. by 18.2% in the first quarter, making it the firm's 10th largest position with a total value of approximately $21.57 million.
• Broadcom reported earnings per share of $1.69 for the last quarter, surpassing analyst expectations, and its revenue increased by 22.0% year-over-year.
• Analysts maintain a positive outlook on Broadcom, with a consensus price target of $351.92 and several firms assigning a "buy" or "overweight" rating, indicating expected growth.

Nicola Wealth Management LTD. boosted its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 18.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 128,800 shares of the semiconductor manufacturer's stock after acquiring an additional 19,800 shares during the period. Broadcom accounts for 2.1% of Nicola Wealth Management LTD.'s portfolio, making the stock its 10th largest holding. Nicola Wealth Management LTD.'s holdings in Broadcom were worth $21,565,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of AVGO. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Broadcom in the first quarter worth about $25,000. Cheviot Value Management LLC purchased a new stake in shares of Broadcom in the first quarter worth about $25,000. Inlight Wealth Management LLC purchased a new stake in shares of Broadcom in the first quarter worth about $26,000. Sunbeam Capital Management LLC purchased a new stake in shares of Broadcom in the fourth quarter worth about $28,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in shares of Broadcom in the fourth quarter worth about $30,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Broadcom Stock Down 2.7%

Shares of NASDAQ AVGO opened at $359.63 on Friday. 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 company has a market cap of $1.69 trillion, a P/E ratio of 91.74, a PEG ratio of 2.04 and a beta of 1.16. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $374.23. The firm has a 50-day simple moving average of $298.61 and a two-hundred day simple moving average of $240.90.

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

Broadcom Dividend Announcement

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

Insiders Place Their Bets

In other Broadcom news, Director Henry Samueli sold 473,898 shares of the business's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $265.33, for a total value of $125,739,356.34. Following the completion of the sale, the director directly owned 38,188,575 shares of the company's stock, valued at $10,132,574,604.75. The trade was a 1.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Justine Page sold 800 shares of the company's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $307.46, for a total transaction of $245,968.00. Following the completion of the transaction, the director owned 23,782 shares in the company, valued at $7,312,013.72. This represents a 3.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 3,550 shares of company stock valued at $1,227,869 and have sold 702,758 shares valued at $184,975,481. 2.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. The Goldman Sachs Group reiterated a "buy" rating and issued a $340.00 target price on shares of Broadcom in a research report on Wednesday, August 13th. Wells Fargo & Company boosted their target price on Broadcom from $255.00 to $345.00 and gave the stock an "equal weight" rating in a research report on Friday, September 5th. Cowen reiterated a "buy" rating on shares of Broadcom in a research report on Friday, June 6th. Barclays boosted their target price on Broadcom from $265.00 to $400.00 and gave the stock an "overweight" rating in a research report on Friday, September 5th. Finally, JPMorgan Chase & Co. lifted their price target on Broadcom from $325.00 to $400.00 and gave the stock an "overweight" rating in a research report on Friday, September 5th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $351.92.

Broadcom 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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