Hidden Cove Wealth Management LLC Boosts Holdings in Broadcom Inc. $AVGO

Key Points

• Hidden Cove Wealth Management LLC increased its holdings in Broadcom Inc. by 26.5% in the second quarter, owning a total of 4,191 shares valued at approximately $1,155,000.
• Broadcom recently reported positive earnings, with $1.69 EPS exceeding analyst expectations of $1.66, and a revenue of $15.95 billion, up 22.0% year-over-year.
• The company announced a quarterly dividend of $0.59, with an ex-dividend date set for September 22, 2025.

Hidden Cove Wealth Management LLC grew its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 26.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,191 shares of the semiconductor manufacturer's stock after purchasing an additional 878 shares during the quarter. Broadcom accounts for about 0.8% of Hidden Cove Wealth Management LLC's holdings, making the stock its 22nd biggest holding. Hidden Cove Wealth Management LLC's holdings in Broadcom were worth $1,155,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Sawyer & Company Inc boosted its stake 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 during the period. Waddell & Associates LLC raised its holdings in Broadcom by 2.1% in the first quarter. Waddell & Associates LLC now owns 2,091 shares of the semiconductor manufacturer's stock valued at $350,000 after acquiring an additional 43 shares in the last quarter. Luts & Greenleigh Group Inc. raised its holdings in Broadcom by 1.3% in the second quarter. Luts & Greenleigh Group Inc. now owns 3,405 shares of the semiconductor manufacturer's stock valued at $939,000 after acquiring an additional 44 shares in the last quarter. Challenger Wealth Management raised its holdings in Broadcom by 1.3% in the first quarter. Challenger Wealth Management now owns 3,504 shares of the semiconductor manufacturer's stock valued at $587,000 after acquiring an additional 45 shares in the last quarter. Finally, High Net Worth Advisory Group LLC raised its holdings in Broadcom by 1.7% in the second quarter. High Net Worth Advisory Group LLC now owns 2,671 shares of the semiconductor manufacturer's stock valued at $736,000 after acquiring an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 76.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Arete Research raised shares of Broadcom to a "strong-buy" rating in a report on Monday, July 28th. Wall Street Zen raised shares of Broadcom from a "hold" rating to a "buy" rating in a report on Saturday, September 6th. Piper Sandler raised their price objective on shares of Broadcom from $315.00 to $375.00 and gave the stock an "overweight" rating in a report on Friday, September 5th. Evercore ISI reissued an "outperform" rating and set a $342.00 price objective (up previously from $304.00) on shares of Broadcom in a report on Thursday, September 4th. Finally, Cowen reissued a "buy" rating on shares of Broadcom in a report on Friday, June 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $356.48.

Insider Transactions at Broadcom

In related news, CFO Kirsten M. Spears sold 7,498 shares of Broadcom stock in a transaction on 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 transaction, the chief financial officer directly owned 313,330 shares in the company, valued at $108,932,307.80. This trade represents a 2.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Hock E. Tan sold 148,154 shares of the business's stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $336.67, for a total transaction of $49,879,007.18. Following the sale, the chief executive officer owned 825,998 shares in the company, valued at $278,088,746.66. The trade was a 15.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders bought 3,550 shares of company stock worth $1,227,869 and sold 297,274 shares worth $101,002,814. Corporate insiders own 2.00% of the company's stock.

Broadcom Stock Performance

Shares of AVGO opened at $336.10 on Friday. The company's 50 day simple moving average is $312.64 and its 200-day simple moving average is $251.49. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $374.23. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. The firm has a market cap of $1.59 trillion, a PE ratio of 85.74, a price-to-earnings-growth ratio of 1.88 and a beta of 1.16.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted 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 net margin of 31.59% and a return on equity of 36.60%. The firm 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 posted $1.24 EPS. Broadcom's quarterly revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities analysts predict that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

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 given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, September 22nd. Broadcom's dividend payout ratio (DPR) is 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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