Broadcom Inc. $AVGO Shares Acquired by Kingsman Wealth Management Inc.

Key Points

• Kingsman Wealth Management Inc. increased its stake in Broadcom by 63.6%, owning a total of 3,370 shares valued at approximately $929,000.
• Numerous large institutional investors, including Vanguard Group and Price T Rowe Associates, have also expanded their holdings in Broadcom, reflecting strong confidence in the company.
• Broadcom's recent performance showed a 22% year-over-year revenue increase, with earnings per share surpassing analysts' estimates, further driving a positive outlook among Wall Street analysts.

Kingsman Wealth Management Inc. boosted its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 63.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,370 shares of the semiconductor manufacturer's stock after purchasing an additional 1,310 shares during the period. Broadcom makes up 0.6% of Kingsman Wealth Management Inc.'s portfolio, making the stock its 28th biggest position. Kingsman Wealth Management Inc.'s holdings in Broadcom were worth $929,000 at the end of the most recent quarter.

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

Insider Activity

In other Broadcom news, insider Charlie B. Kawwas sold 3,893 shares of the business's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the completion of the transaction, the insider directly owned 25,295 shares of the company's stock, valued at $8,798,106.90. The trade was a 13.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kirsten M. Spears sold 7,498 shares of the business's stock in a transaction dated 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 transaction, the chief financial officer directly owned 313,330 shares of the company's stock, valued at $108,932,307.80. The trade was a 2.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders acquired 3,550 shares of company stock worth $1,227,869 and sold 666,071 shares worth $225,623,008. Company insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

AVGO has been the subject of several recent analyst reports. Benchmark raised their price objective on shares of Broadcom from $315.00 to $385.00 and gave the stock a "buy" rating in a report on Friday, September 5th. Barclays raised their price objective on shares of Broadcom from $265.00 to $400.00 and gave the stock an "overweight" rating in a report on Friday, September 5th. UBS Group raised their price objective on shares of Broadcom from $290.00 to $345.00 and gave the stock a "buy" rating in a report on Monday, August 25th. Cantor Fitzgerald reissued an "overweight" rating and set a $300.00 price objective on shares of Broadcom in a report on Friday, June 6th. Finally, Wall Street Zen raised shares of Broadcom from a "hold" rating to a "buy" rating in a report on Saturday, September 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, Broadcom has an average rating of "Buy" and a consensus target price of $356.48.

Broadcom Trading Down 0.5%

Broadcom stock opened at $334.53 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. The firm has a 50-day moving average price of $313.66 and a two-hundred day moving average price of $252.89. The firm has a market capitalization of $1.58 trillion, a price-to-earnings ratio of 85.34, a PEG ratio of 1.85 and a beta of 1.16. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $374.23.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, beating 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%. Broadcom's revenue was up 22.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Sell-side analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd will be paid 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 is Monday, September 22nd. Broadcom's 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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