Broadcom Inc. $AVGO Stock Holdings Increased by Masso Torrence Wealth Management Inc.

Key Points

• Masso Torrence Wealth Management Inc. increased its stake in Broadcom by 8.7%, owning 25,714 shares valued at about $7.1 million, making it the 8th largest holding in their portfolio.
• Analysts have raised their price targets for Broadcom, with Bank of America and Barclays setting targets at $400, indicating strong confidence in the company's growth prospects.
• Broadcom's recent quarterly earnings showed a significant year-over-year revenue growth of 22%, reporting $15.95 billion in revenue and an EPS of $1.69, surpassing estimates.

Masso Torrence Wealth Management Inc. lifted its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 8.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,714 shares of the semiconductor manufacturer's stock after acquiring an additional 2,068 shares during the period. Broadcom accounts for approximately 3.3% of Masso Torrence Wealth Management Inc.'s portfolio, making the stock its 8th biggest holding. Masso Torrence Wealth Management Inc.'s holdings in Broadcom were worth $7,088,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in AVGO. Vanguard Group Inc. raised its position in shares of Broadcom by 0.4% in the first quarter. Vanguard Group Inc. now owns 477,220,137 shares of the semiconductor manufacturer's stock valued at $79,900,968,000 after buying an additional 2,085,534 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Broadcom by 37.8% in 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 during the period. Nuveen LLC acquired a new position in Broadcom in the 1st quarter valued at $6,649,117,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of 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 purchasing an additional 842,088 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of 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 purchasing an additional 1,043,948 shares during the period. Institutional investors and hedge funds own 76.43% of the company's stock.

Insider Activity

In other news, CFO Kirsten M. Spears sold 7,498 shares of Broadcom stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.66, for a total value of $2,606,754.68. Following the completion of the transaction, the chief financial officer directly owned 313,330 shares of the company's stock, valued at approximately $108,932,307.80. The trade was a 2.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Gayla J. Delly sold 3,000 shares of the business's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $265.13, for a total transaction of $795,390.00. Following the sale, the director directly owned 33,352 shares of the company's stock, valued at approximately $8,842,615.76. This represents a 8.25% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders purchased 3,550 shares of company stock valued at $1,227,869 and sold 240,274 shares valued at $78,571,804. Company insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

AVGO has been the subject of several analyst reports. Macquarie began coverage on Broadcom in a research note on Monday, September 15th. They issued an "outperform" rating and a $420.00 target price for the company. Bank of America upped 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. The Goldman Sachs Group reiterated a "buy" rating and set a $340.00 price objective on shares of Broadcom in a report on Wednesday, August 13th. Barclays boosted their target price on shares of Broadcom from $265.00 to $400.00 and gave the company an "overweight" rating in a report on Friday, September 5th. Finally, Morgan Stanley increased their price target on shares of Broadcom from $338.00 to $357.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $356.48.

Broadcom Stock Performance

Shares of AVGO stock opened at $338.94 on Wednesday. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $374.23. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. The firm has a market capitalization of $1.60 trillion, a P/E ratio of 86.46, a P/E/G ratio of 1.87 and a beta of 1.16. The company's fifty day moving average price is $310.48 and its two-hundred day moving average price is $249.83.

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

Broadcom Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 22nd will be paid a dividend of $0.59 per share. The ex-dividend date is Monday, September 22nd. This represents a $2.36 annualized dividend and a yield of 0.7%. Broadcom's dividend payout ratio (DPR) is 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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