Clearview Wealth Advisors LLC Takes $260,000 Position in Broadcom Inc. $AVGO

Key Points

• Clearview Wealth Advisors LLC has acquired a new stake in Broadcom Inc., purchasing 944 shares valued at approximately $260,000 during the 2nd quarter.
• Investment analysts have set new price targets for Broadcom, with a consensus target of $372.52 and numerous reports indicating significant upside potential for the stock.
• Insider transactions revealed that director Henry Samueli sold over 368,000 shares for approximately $124.6 million, affecting his ownership stake in the company.

Clearview Wealth Advisors LLC acquired a new stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 944 shares of the semiconductor manufacturer's stock, valued at approximately $260,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in AVGO. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Broadcom during the first quarter worth about $25,000. Cheviot Value Management LLC bought a new stake in shares of Broadcom during the first quarter worth about $25,000. Sawyer & Company Inc increased its position in shares of Broadcom by 62.1% during the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock worth $26,000 after acquiring an additional 36 shares in the last quarter. Legend Financial Advisors Inc. bought a new stake in shares of Broadcom during the second quarter worth about $28,000. Finally, Wood Tarver Financial Group LLC increased its position in shares of Broadcom by 342.5% during the first quarter. Wood Tarver Financial Group LLC now owns 177 shares of the semiconductor manufacturer's stock worth $30,000 after acquiring an additional 137 shares in the last quarter. 76.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on AVGO shares. Macquarie started coverage on shares of Broadcom in a research report on Monday, September 15th. They set an "outperform" rating and a $420.00 target price for the company. Morgan Stanley set a $409.00 target price on shares of Broadcom and gave the stock an "overweight" rating in a research report on Tuesday, October 14th. Sanford C. Bernstein increased their price objective on shares of Broadcom from $295.00 to $400.00 and gave the company an "outperform" rating in a research note on Friday, September 5th. Evercore ISI increased their price objective on shares of Broadcom from $342.00 to $403.00 and gave the company an "outperform" rating in a research note on Wednesday, October 15th. Finally, Bank of America increased 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. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Broadcom currently has a consensus rating of "Buy" and a consensus price target of $372.52.

Insider Activity

In other news, Director Henry Samueli sold 368,797 shares of the stock in a transaction that occurred on 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 transaction, the director directly owned 37,722,534 shares of the company's stock, valued at $12,746,821,463.94. This represents a 0.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark David Brazeal sold 16,558 shares of the stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the transaction, the insider directly owned 329,302 shares of the company's stock, valued at $114,468,668.22. This represents a 4.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,464,248. 2.00% of the stock is currently owned by insiders.

Broadcom Trading Down 0.7%

NASDAQ:AVGO opened at $340.30 on Thursday. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $374.23. The firm has a 50-day moving average price of $329.86 and a two-hundred day moving average price of $272.43. The firm has a market cap of $1.61 trillion, a price-to-earnings ratio of 86.81, a price-to-earnings-growth 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 (NASDAQ:AVGO - Get Free Report) last released its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share 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 firm had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.82 billion. During the same period in the prior year, the firm earned $1.24 EPS. The company's revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. On average, equities analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

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