Broadcom Inc. $AVGO Stake Boosted by WealthPLAN Partners LLC

WealthPLAN Partners LLC grew its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 26.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,329 shares of the semiconductor manufacturer's stock after acquiring an additional 1,526 shares during the period. WealthPLAN Partners LLC's holdings in Broadcom were worth $2,020,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Evernest Financial Advisors LLC grew its holdings in shares of Broadcom by 25.8% during the 2nd quarter. Evernest Financial Advisors LLC now owns 8,604 shares of the semiconductor manufacturer's stock valued at $2,372,000 after acquiring an additional 1,767 shares in the last quarter. Tower Wealth Partners Inc. grew its holdings in shares of Broadcom by 6.0% during the 2nd quarter. Tower Wealth Partners Inc. now owns 1,972 shares of the semiconductor manufacturer's stock valued at $544,000 after acquiring an additional 111 shares in the last quarter. Omnia Family Wealth LLC lifted its stake in shares of Broadcom by 14.1% in the 2nd quarter. Omnia Family Wealth LLC now owns 5,097 shares of the semiconductor manufacturer's stock valued at $1,405,000 after purchasing an additional 629 shares during the last quarter. Turtle Creek Wealth Advisors LLC lifted its stake in shares of Broadcom by 13.4% in the 2nd quarter. Turtle Creek Wealth Advisors LLC now owns 47,001 shares of the semiconductor manufacturer's stock valued at $12,956,000 after purchasing an additional 5,558 shares during the last quarter. Finally, WJ Wealth Management LLC lifted its stake in shares of Broadcom by 6.8% in the 2nd quarter. WJ Wealth Management LLC now owns 4,122 shares of the semiconductor manufacturer's stock valued at $1,136,000 after purchasing an additional 264 shares during the last quarter. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AVGO has been the subject of several analyst reports. Bank of America lifted their price objective on shares of Broadcom from $300.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, September 5th. TD Cowen lifted their price objective on shares of Broadcom from $355.00 to $370.00 and gave the company a "buy" rating in a research note on Friday, September 5th. JPMorgan Chase & Co. boosted their target price on shares of Broadcom from $325.00 to $400.00 and gave the stock an "overweight" rating in a research report on Friday, September 5th. KeyCorp set a $460.00 price target on shares of Broadcom in a report on Monday, October 13th. Finally, Wall Street Zen upgraded shares of Broadcom from a "hold" rating to a "buy" rating in a report on Saturday, September 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $372.52.

Broadcom Stock Down 0.7%

Shares of AVGO opened at $340.30 on Thursday. The company has a 50-day simple moving average of $329.86 and a 200-day simple moving average of $272.43. The firm has a market capitalization of $1.61 trillion, a P/E ratio of 86.81, a P/E/G ratio of 1.93 and a beta of 1.20. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. 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 announced its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating analysts' consensus estimates of $1.66 by $0.03. The business 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%. The firm's revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. On average, equities research analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, September 22nd. Broadcom's dividend payout ratio is 60.20%.

Insider Transactions at Broadcom

In related news, insider Charlie B. Kawwas sold 3,893 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total value of $1,354,063.26. Following the completion of the transaction, the insider owned 25,295 shares of the company's stock, valued at $8,798,106.90. This represents a 13.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Henry Samueli sold 368,797 shares of the stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the completion of the transaction, the director directly 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. Over the last three months, insiders have acquired 3,550 shares of company stock valued at $1,227,869 and have sold 665,271 shares valued at $225,464,248. 2.00% of the stock is currently owned by company insiders.

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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