Focus Partners Advisor Solutions LLC Buys 5,858 Shares of Broadcom Inc. $AVGO

Key Points

• Focus Partners Advisor Solutions LLC increased its stake in Broadcom Inc. by 9.0%, acquiring an additional 5,858 shares, bringing its total holdings to 71,110 shares worth approximately $11.9 million.
• Despite strong institutional interest, with 76.43% of the stock owned by institutional investors, Broadcom's stock price has recently experienced a 3.6% decline.
• Analysts remain optimistic, with multiple firms including Susquehanna and Truist Financial raising their price targets and maintaining a general consensus of a "Buy" rating for Broadcom shares.

Focus Partners Advisor Solutions LLC lifted its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 9.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 71,110 shares of the semiconductor manufacturer's stock after purchasing an additional 5,858 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Broadcom were worth $11,906,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PARUS FINANCE UK Ltd lifted its holdings in Broadcom by 175.3% during the first quarter. PARUS FINANCE UK Ltd now owns 100,578 shares of the semiconductor manufacturer's stock worth $16,840,000 after acquiring an additional 64,038 shares in the last quarter. Keener Financial Planning LLC lifted its holdings in Broadcom by 34.8% during the first quarter. Keener Financial Planning LLC now owns 890 shares of the semiconductor manufacturer's stock worth $149,000 after acquiring an additional 230 shares in the last quarter. Diversify Wealth Management LLC lifted its holdings in Broadcom by 5.6% during the first quarter. Diversify Wealth Management LLC now owns 38,016 shares of the semiconductor manufacturer's stock worth $6,365,000 after acquiring an additional 2,016 shares in the last quarter. OMNI 360 Wealth Inc. lifted its holdings in Broadcom by 51.6% during the first quarter. OMNI 360 Wealth Inc. now owns 2,980 shares of the semiconductor manufacturer's stock worth $499,000 after acquiring an additional 1,014 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its holdings in Broadcom by 1.3% during the first quarter. Gamco Investors INC. ET AL now owns 54,406 shares of the semiconductor manufacturer's stock worth $9,109,000 after acquiring an additional 700 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on AVGO shares. Susquehanna lifted their target price on Broadcom from $280.00 to $300.00 and gave the stock a "positive" rating in a report on Friday, June 6th. Truist Financial set a $295.00 price objective on shares of Broadcom and gave the stock a "buy" rating in a research report on Friday, June 6th. Barclays boosted their price objective on shares of Broadcom from $215.00 to $265.00 and gave the stock an "overweight" rating in a research report on Monday, June 9th. Benchmark boosted their price objective on shares of Broadcom from $255.00 to $315.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. Finally, Morgan Stanley set a $338.00 price objective on shares of Broadcom and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $301.79.

Insider Activity

In other Broadcom news, CFO Kirsten M. Spears sold 56,310 shares of the business's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $251.75, for a total transaction of $14,176,042.50. Following the transaction, the chief financial officer owned 361,937 shares of the company's stock, valued at $91,117,639.75. The trade was a 13.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark David Brazeal sold 50,000 shares of the business's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $253.28, for a total value of $12,664,000.00. Following the transaction, the insider directly owned 415,956 shares in the company, valued at approximately $105,353,335.68. This trade represents a 10.73% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 830,516 shares of company stock valued at $217,286,457. 2.00% of the stock is owned by insiders.

Broadcom Stock Down 3.6%

NASDAQ:AVGO opened at $297.39 on Monday. The firm has a market capitalization of $1.40 trillion, a price-to-earnings ratio of 111.38, a price-to-earnings-growth ratio of 2.11 and a beta of 1.16. Broadcom Inc. has a twelve month low of $134.90 and a twelve month high of $317.35. The stock's 50 day moving average price is $287.74 and its two-hundred day moving average price is $234.66. The company has a quick ratio of 0.98, a current ratio of 1.08 and a debt-to-equity ratio of 0.89.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The semiconductor manufacturer reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.01. The firm had revenue of $15 billion for the quarter, compared to analyst estimates of $14.98 billion. Broadcom had a return on equity of 35.49% and a net margin of 22.64%.The business's quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $10.96 EPS. Broadcom has set its Q3 2025 guidance at EPS. Equities research analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 20th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, June 20th. Broadcom's payout ratio is 88.39%.

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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