Broadcom Inc. $AVGO Shares Bought by Leo Wealth LLC

Key Points

• Leo Wealth LLC increased its stake in Broadcom Inc. (NASDAQ: AVGO) by 51.1%, owning 15,716 shares valued at approximately $4.32 million after purchasing an additional 5,313 shares in the second quarter.
• In recent insider trading, Broadcom's CFO sold 7,498 shares while Director Henry Samueli sold 368,797 shares, indicating a decrease in their respective ownership stakes.
• Several analysts have set positive price targets for Broadcom, with ratings including "overweight" and a consensus target price of $370.07, reflecting strong confidence in the company's performance.

Leo Wealth LLC boosted its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 51.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,716 shares of the semiconductor manufacturer's stock after purchasing an additional 5,313 shares during the period. Leo Wealth LLC's holdings in Broadcom were worth $4,321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the stock. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Broadcom in the first quarter worth about $25,000. Cheviot Value Management LLC acquired a new position in shares of Broadcom during the 1st quarter worth approximately $25,000. Inlight Wealth Management LLC acquired a new position in shares of Broadcom during the 1st quarter worth approximately $26,000. Sawyer & Company Inc raised its stake in shares of Broadcom by 62.1% during the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock worth $26,000 after buying an additional 36 shares during the period. Finally, Legend Financial Advisors Inc. acquired a new position in Broadcom during the second quarter worth $28,000. Institutional investors and hedge funds own 76.43% of the company's stock.

Insider Buying and Selling at Broadcom

In other Broadcom news, CFO Kirsten M. Spears sold 7,498 shares of the firm's stock in a transaction 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 completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Henry Samueli sold 368,797 shares of the firm's stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the completion of the sale, the director owned 37,722,534 shares of the company's stock, valued at $12,746,821,463.94. This trade represents a 0.97% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 3,550 shares of company stock valued at $1,227,869 and have sold 664,471 shares valued at $225,184,128. 2.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently weighed in on AVGO. Morgan Stanley set a $409.00 price target on shares of Broadcom and gave the stock an "overweight" rating in a research report on Tuesday. JPMorgan Chase & Co. increased their target price on Broadcom from $325.00 to $400.00 and gave the company an "overweight" rating in a report on Friday, September 5th. Benchmark raised their target price on Broadcom from $315.00 to $385.00 and gave the company a "buy" rating in a research report on Friday, September 5th. Deutsche Bank Aktiengesellschaft set a $400.00 target price on Broadcom and gave the company a "buy" rating in a research report on Tuesday. Finally, Arete Research raised Broadcom to a "strong-buy" rating in a research note on Monday, July 28th. Three 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's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $370.07.

Broadcom Stock Performance

NASDAQ:AVGO opened at $344.13 on Wednesday. The company has a fifty day simple moving average of $324.84 and a two-hundred day simple moving average of $265.45. The company has a market cap of $1.63 trillion, a price-to-earnings ratio of 87.79, a price-to-earnings-growth ratio of 1.98 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 52 week low of $138.10 and a 52 week high of $374.23.

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

Broadcom Dividend Announcement

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

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