Heritage Oak Wealth Advisors LLC Purchases New Position in Broadcom Inc. $AVGO

Key Points

• Heritage Oak Wealth Advisors LLC acquired 802 shares of Broadcom Inc. (NASDAQ: AVGO) during the second quarter, valued at approximately $221,000.
• Broadcom recently reported earnings of $1.69 per share, surpassing analysts' expectations, with revenue of $15.95 billion, reflecting a 22% increase year-over-year.
• The company declared a quarterly dividend of $0.59 per share, with a payout ratio of 60.20%, and plans to distribute it on September 30th.

Heritage Oak Wealth Advisors LLC acquired a new stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 802 shares of the semiconductor manufacturer's stock, valued at approximately $221,000.

Other institutional investors have also modified their holdings of the company. Barnes Dennig Private Wealth Management LLC acquired a new stake in Broadcom in the first quarter worth about $25,000. Cheviot Value Management LLC purchased a new stake in Broadcom during the 1st quarter worth approximately $25,000. Inlight Wealth Management LLC purchased a new stake in shares of Broadcom in the first quarter valued at approximately $26,000. Sawyer & Company Inc grew its position in shares of Broadcom by 62.1% in the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock valued at $26,000 after purchasing an additional 36 shares in the last quarter. Finally, Wood Tarver Financial Group LLC grew its position in shares of Broadcom by 342.5% in the first quarter. Wood Tarver Financial Group LLC now owns 177 shares of the semiconductor manufacturer's stock valued at $30,000 after purchasing an additional 137 shares in the last quarter. 76.43% of the stock is owned by institutional investors.

Broadcom Price Performance

Shares of AVGO opened at $334.53 on Friday. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $374.23. The stock's 50 day moving average is $313.66 and its two-hundred day moving average is $252.49. The firm has a market capitalization of $1.58 trillion, a PE ratio of 85.34, a P/E/G ratio of 1.86 and a beta of 1.16. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly earnings data 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 return on equity of 36.60% and a net margin of 31.59%.The company had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. During the same quarter in the previous year, the company earned $1.24 EPS. The firm'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. Research analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. Broadcom's payout ratio is currently 60.20%.

Analysts Set New Price Targets

Several research analysts recently weighed in on AVGO shares. Cowen reiterated a "buy" rating on shares of Broadcom in a research report on Friday, June 6th. Mizuho increased their price objective on Broadcom from $355.00 to $410.00 and gave the company an "outperform" rating in a research note on Friday, September 12th. TD Cowen raised their price target on Broadcom from $355.00 to $370.00 and gave the company a "buy" rating in a research note on Friday, September 5th. UBS Group lifted their target price on Broadcom from $290.00 to $345.00 and gave the stock a "buy" rating in a research report on Monday, August 25th. Finally, JPMorgan Chase & Co. lifted their target price on Broadcom from $325.00 to $400.00 and gave the stock an "overweight" rating in a research report on Friday, September 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Broadcom currently has a consensus rating of "Buy" and a consensus target price of $356.48.

Insider Activity at Broadcom

In related news, Director Henry Samueli sold 368,797 shares of the company's stock in a transaction 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 sale, the director directly owned 37,722,534 shares of the company's stock, valued at approximately $12,746,821,463.94. This represents a 0.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kirsten M. Spears sold 7,498 shares of the company's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.66, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders bought 3,550 shares of company stock worth $1,227,869 and sold 666,071 shares worth $225,623,008. 2.00% of the stock is currently owned by corporate insiders.

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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