Broadcom Inc. $AVGO Shares Bought by Woodward Diversified Capital LLC

Key Points

• Woodward Diversified Capital LLC increased its stake in Broadcom Inc. by 44.2% during Q2, now owning 6,453 shares valued at $1,779,000, making it the firm's 23rd largest holding.
• Broadcom's latest quarterly earnings report showed an EPS of $1.69, surpassing analyst expectations, while revenue increased by 22% year-over-year to $15.95 billion.
• Insiders have sold a significant number of shares recently, with total sales amounting to nearly $226 million, reflecting a 13.34% decrease for one insider's position.

Woodward Diversified Capital LLC grew its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 44.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,453 shares of the semiconductor manufacturer's stock after acquiring an additional 1,978 shares during the period. Broadcom comprises 0.9% of Woodward Diversified Capital LLC's portfolio, making the stock its 23rd largest holding. Woodward Diversified Capital LLC's holdings in Broadcom were worth $1,779,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. PARUS FINANCE UK Ltd lifted its holdings in shares of Broadcom by 175.3% in the 1st quarter. PARUS FINANCE UK Ltd now owns 100,578 shares of the semiconductor manufacturer's stock valued at $16,840,000 after buying an additional 64,038 shares during the period. Geneos Wealth Management Inc. raised its position in Broadcom by 27.9% in the first quarter. Geneos Wealth Management Inc. now owns 64,130 shares of the semiconductor manufacturer's stock worth $10,737,000 after acquiring an additional 13,978 shares in the last quarter. Asio Capital LLC lifted its holdings in Broadcom by 2.0% in the second quarter. Asio Capital LLC now owns 54,459 shares of the semiconductor manufacturer's stock valued at $15,012,000 after acquiring an additional 1,089 shares during the period. Keener Financial Planning LLC lifted its holdings in Broadcom by 34.8% in the first quarter. Keener Financial Planning LLC now owns 890 shares of the semiconductor manufacturer's stock valued at $149,000 after acquiring an additional 230 shares during the period. Finally, Diversify Wealth Management LLC boosted its position in shares of Broadcom by 5.6% during the 1st quarter. Diversify Wealth Management LLC now owns 38,016 shares of the semiconductor manufacturer's stock worth $6,365,000 after purchasing an additional 2,016 shares in the last quarter. 76.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Charlie B. Kawwas sold 3,893 shares of the business's stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the completion of the sale, the insider owned 25,295 shares in the company, valued at approximately $8,798,106.90. The trade was a 13.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark David Brazeal sold 16,558 shares of the 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 sale, the insider directly owned 329,302 shares of the company's stock, valued at approximately $114,468,668.22. This trade represents a 4.79% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 3,550 shares of company stock valued at $1,227,869 and have sold 666,071 shares valued at $225,623,008. 2.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on AVGO shares. Weiss Ratings reiterated a "buy (b-)" rating on shares of Broadcom in a report on Saturday, September 27th. Wall Street Zen raised Broadcom from a "hold" rating to a "buy" rating in a research note on Saturday, September 6th. Bank of America raised their price objective on Broadcom from $300.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, September 5th. Evercore ISI reiterated an "outperform" rating and set a $342.00 target price (up from $304.00) on shares of Broadcom in a research report on Thursday, September 4th. Finally, UBS Group upped their target price on Broadcom from $290.00 to $345.00 and gave the company a "buy" rating in a report on Monday, August 25th. Three investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Broadcom has a consensus rating of "Buy" and an average target price of $357.22.

Broadcom Trading Up 0.1%

Shares of AVGO stock opened at $338.37 on Monday. The firm's 50-day simple moving average is $318.43 and its 200-day simple moving average is $258.24. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $374.23. The firm has a market cap of $1.60 trillion, a P/E ratio of 86.32, a PEG ratio of 1.87 and a beta of 1.20.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued 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 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 for the quarter was up 22.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were issued a $0.59 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. Broadcom's dividend payout ratio (DPR) is presently 60.20%.

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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