Fifth Third Wealth Advisors LLC Purchases 8,640 Shares of Broadcom Inc. $AVGO

Key Points

• Fifth Third Wealth Advisors LLC increased its stake in Broadcom Inc. by 7.8%, acquiring an additional 8,640 shares, bringing its total holdings to 120,115 shares worth approximately $33.11 million.
• Broadcom's recent quarterly earnings surpassed estimates with a net income margin of 31.59% and revenue of $15.95 billion, showing a year-over-year increase of 22% in revenue.
• Broadcom's CEO, Hock E. Tan, sold 148,154 shares at an average price of $336.67, representing a 15.21% decrease in his ownership stake.

Fifth Third Wealth Advisors LLC lifted its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 7.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120,115 shares of the semiconductor manufacturer's stock after buying an additional 8,640 shares during the period. Broadcom comprises about 1.4% of Fifth Third Wealth Advisors LLC's investment portfolio, making the stock its 14th largest holding. Fifth Third Wealth Advisors LLC's holdings in Broadcom were worth $33,110,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC boosted its stake in shares of Broadcom by 21.8% during the 4th quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer's stock worth $6,882,000 after buying an additional 5,322 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in Broadcom by 10.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer's stock worth $1,854,000 after acquiring an additional 756 shares in the last quarter. GAMMA Investing LLC raised its holdings in Broadcom by 9.2% during the first quarter. GAMMA Investing LLC now owns 103,184 shares of the semiconductor manufacturer's stock worth $17,276,000 after acquiring an additional 8,672 shares in the last quarter. Inscription Capital LLC acquired a new position in shares of Broadcom during the 1st quarter worth approximately $133,000. Finally, ORG Wealth Partners LLC increased its position in shares of Broadcom by 1,211.9% during the 1st quarter. ORG Wealth Partners LLC now owns 879 shares of the semiconductor manufacturer's stock worth $148,000 after purchasing an additional 812 shares during the last quarter. 76.43% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Broadcom

In other Broadcom news, CEO Hock E. Tan sold 148,154 shares of Broadcom stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $336.67, for a total value of $49,879,007.18. Following the completion of the transaction, the chief executive officer directly owned 825,998 shares of the company's stock, valued at $278,088,746.66. The trade was a 15.21% decrease in their position. The sale 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 firm's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total value of $5,755,726.38. Following the completion of the transaction, the insider owned 329,302 shares in the company, valued at $114,468,668.22. The trade was a 4.79% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders acquired 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 Stock Down 1.4%

AVGO opened at $349.33 on Friday. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $374.23. The company has a market capitalization of $1.65 trillion, a P/E ratio of 89.11, a P/E/G ratio of 1.99 and a beta of 1.20. The stock has a fifty day moving average of $327.73 and a 200-day moving average of $268.57. 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 quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $15.82 billion. During the same period last year, the firm earned $1.24 earnings per share. Broadcom's revenue for the quarter 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 EPS for the current year.

Broadcom Dividend Announcement

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

Analyst Ratings Changes

Several research firms recently weighed in on AVGO. Argus raised their target price on shares of Broadcom from $285.00 to $375.00 and gave the company a "buy" rating in a research note on Monday, September 8th. Wells Fargo & Company increased their price target on shares of Broadcom from $255.00 to $345.00 and gave the company an "equal weight" rating in a research note on Friday, September 5th. Morgan Stanley set a $409.00 target price on shares of Broadcom and gave the company an "overweight" rating in a report on Tuesday. Evercore ISI upped their target price on shares of Broadcom from $342.00 to $403.00 and gave the company an "outperform" rating in a report on Wednesday. Finally, HSBC raised Broadcom from a "hold" rating to a "buy" rating and set a $400.00 price target on the stock in a research report on Tuesday, June 24th. Three equities 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 company's stock. According to data from MarketBeat.com, Broadcom has an average rating of "Buy" and a consensus target price of $372.33.

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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