IFP Advisors Inc Acquires 8,912 Shares of Broadcom Inc. $AVGO

Key Points

• IFP Advisors Inc increased its holdings in Broadcom Inc. by 16.7%, acquiring an additional 8,912 shares, bringing its total to 62,333 shares valued at approximately $17.2 million.
• Insider trading at Broadcom saw significant activity, with executives selling a total of 668,364 shares worth over $226 million in the last 90 days, while only acquiring 3,550 shares.
• Broadcom reported strong quarterly earnings of $1.69 EPS, exceeding analyst expectations and showing a 22% increase in revenue compared to the previous year.

IFP Advisors Inc lifted its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 16.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,333 shares of the semiconductor manufacturer's stock after buying an additional 8,912 shares during the period. IFP Advisors Inc's holdings in Broadcom were worth $17,195,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Financial Security Advisor Inc. boosted its position in shares of Broadcom by 2.8% during the second quarter. Financial Security Advisor Inc. now owns 5,738 shares of the semiconductor manufacturer's stock worth $1,582,000 after buying an additional 154 shares during the period. Lee Financial Co boosted its position in shares of Broadcom by 6.7% during the second quarter. Lee Financial Co now owns 23,449 shares of the semiconductor manufacturer's stock worth $6,464,000 after buying an additional 1,466 shares during the period. Callan Family Office LLC boosted its position in shares of Broadcom by 248.9% during the second quarter. Callan Family Office LLC now owns 144,923 shares of the semiconductor manufacturer's stock worth $39,948,000 after buying an additional 103,386 shares during the period. Blair William & Co. IL boosted its position in shares of Broadcom by 8.0% during the second quarter. Blair William & Co. IL now owns 934,447 shares of the semiconductor manufacturer's stock worth $257,580,000 after buying an additional 69,027 shares during the period. Finally, TFR Capital LLC. boosted its position in shares of Broadcom by 3.3% during the second quarter. TFR Capital LLC. now owns 21,945 shares of the semiconductor manufacturer's stock worth $6,049,000 after buying an additional 702 shares during the period. 76.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Broadcom

In related news, insider Charlie B. Kawwas sold 3,893 shares of Broadcom stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the completion of the sale, the insider directly owned 25,295 shares of the company's stock, valued at approximately $8,798,106.90. This trade represents a 13.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Kirsten M. Spears sold 7,498 shares of the firm's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total value of $2,606,754.68. Following the transaction, the chief financial officer owned 313,330 shares in the company, valued at approximately $108,932,307.80. This trade represents a 2.34% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 3,550 shares of company stock worth $1,227,869 and sold 664,471 shares worth $225,184,128. 2.00% of the stock is currently owned by company insiders.

Broadcom Stock Performance

AVGO opened at $344.13 on Wednesday. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $374.23. The stock has a market cap of $1.63 trillion, a price-to-earnings ratio of 87.79, a PEG ratio of 1.98 and a beta of 1.20. The business has a 50 day moving average of $324.84 and a 200-day moving average of $265.45. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.03. The business had revenue of $15.95 billion during the quarter, compared to analysts' expectations of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The firm's revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period last year, the firm posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. On average, equities research analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

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

Analyst Ratings Changes

Several research firms have recently weighed in on AVGO. Hsbc Global Res raised Broadcom from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, June 24th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $340.00 price objective on shares of Broadcom in a research report on Wednesday, August 13th. Arete Research raised Broadcom to a "strong-buy" rating in a research report on Monday, July 28th. Citigroup reissued a "buy" rating and set a $415.00 price target (up from $350.00) on shares of Broadcom in a research report on Tuesday. Finally, Wall Street Zen raised Broadcom from a "hold" rating to a "buy" rating in a research report on Saturday, September 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $370.07.

Broadcom 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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