Broadcom Inc. $AVGO Shares Purchased by Belpointe Asset Management LLC

Key Points

• Belpointe Asset Management LLC increased its holdings in Broadcom by 53.0%, owning a total of 35,251 shares valued at approximately $5.9 million.
• Broadcom received significant endorsements from analysts, with three firms giving it a Strong Buy rating and a consensus target price of $351.92.
• The company recently announced a quarterly dividend of $0.59 per share, indicating a yield of 0.7% and a dividend payout ratio of 60.20%.

Belpointe Asset Management LLC raised its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 53.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,251 shares of the semiconductor manufacturer's stock after purchasing an additional 12,214 shares during the quarter. Belpointe Asset Management LLC's holdings in Broadcom were worth $5,902,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AVGO. Sunbeam Capital Management LLC purchased a new position in Broadcom during the 4th quarter valued at about $28,000. Vermillion Wealth Management Inc. purchased a new stake in Broadcom during the fourth quarter worth about $30,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Broadcom during the first quarter worth about $25,000. Cheviot Value Management LLC purchased a new position in shares of Broadcom in the first quarter valued at approximately $25,000. Finally, Inlight Wealth Management LLC acquired a new position in shares of Broadcom in the first quarter valued at approximately $26,000. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AVGO has been the topic of several recent research reports. Arete Research raised shares of Broadcom to a "strong-buy" rating in a research note on Monday, July 28th. Benchmark boosted their price target on shares of Broadcom from $315.00 to $385.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $340.00 price objective on shares of Broadcom in a research report on Wednesday, August 13th. Susquehanna lifted their price target on shares of Broadcom from $280.00 to $300.00 and gave the stock a "positive" rating in a research note on Friday, June 6th. Finally, KeyCorp boosted their target price on Broadcom from $330.00 to $400.00 and gave the stock an "overweight" rating in a research note on Friday, September 5th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $351.92.

Insider Activity at Broadcom

In other Broadcom news, Director Justine Page sold 800 shares of Broadcom stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $307.46, for a total value of $245,968.00. Following the transaction, the director directly owned 23,782 shares in the company, valued at approximately $7,312,013.72. This trade represents a 3.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Hock E. Tan sold 40,000 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $268.29, for a total value of $10,731,600.00. Following the sale, the chief executive officer owned 482,836 shares of the company's stock, valued at $129,540,070.44. This trade represents a 7.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold 820,516 shares of company stock worth $214,757,657 in the last ninety days. Company insiders own 2.00% of the company's stock.

Broadcom Trading Down 2.6%

Shares of Broadcom stock opened at $336.67 on Wednesday. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $356.34. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. The company has a market capitalization of $1.58 trillion, a P/E ratio of 85.89, a PEG ratio of 1.89 and a beta of 1.16. The company's fifty day moving average is $294.92 and its two-hundred day moving average is $238.95.

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

Broadcom Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd will be given 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 dividend payout ratio (DPR) 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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