Leslie Global Wealth LLC Makes New $443,000 Investment in Broadcom Inc. $AVGO

Key Points

• Leslie Global Wealth LLC has made a new investment of approximately $443,000 in Broadcom Inc., acquiring 2,646 shares during the first quarter of the year.
• A significant percentage of Broadcom's stock is owned by institutional investors and hedge funds, totaling 76.43%.
• Analysts have predominantly given Broadcom a "Buy" rating, with target prices ranging from $255.00 to $340.00, reflecting positive sentiment about the company's performance and outlook.

Leslie Global Wealth LLC acquired a new position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,646 shares of the semiconductor manufacturer's stock, valued at approximately $443,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AVGO. Barnes Dennig Private Wealth Management LLC acquired a new position in Broadcom during the first quarter worth $25,000. Cheviot Value Management LLC purchased a new stake in Broadcom in the first quarter valued at $25,000. Inlight Wealth Management LLC purchased a new stake in Broadcom in the first quarter valued at $26,000. Sunbeam Capital Management LLC purchased a new stake in Broadcom in the fourth quarter valued at $28,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in Broadcom in the fourth quarter valued at $30,000. Institutional investors and hedge funds own 76.43% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on AVGO. The Goldman Sachs Group restated a "buy" rating and issued a $340.00 target price on shares of Broadcom in a research report on Wednesday, August 13th. Benchmark lifted their target price on Broadcom from $255.00 to $315.00 and gave the company a "buy" rating in a research report on Friday, June 6th. Rosenblatt Securities lifted their target price on Broadcom from $223.00 to $340.00 and gave the company a "buy" rating in a research report on Friday, June 6th. Cantor Fitzgerald restated an "overweight" rating and issued a $300.00 target price on shares of Broadcom in a research report on Friday, June 6th. Finally, Evercore ISI restated an "outperform" rating and issued a $304.00 target price (up previously from $267.00) on shares of Broadcom in a research report on Friday, June 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $295.96.

Insider Activity at Broadcom

In other Broadcom news, Director Henry Samueli sold 473,898 shares of the company's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $265.33, for a total transaction of $125,739,356.34. Following the sale, the director owned 38,188,575 shares in the company, valued at $10,132,574,604.75. This represents a 1.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Hock E. Tan sold 40,000 shares of the company's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $268.29, for a total value of $10,731,600.00. Following the sale, the chief executive officer owned 482,836 shares in the company, valued at approximately $129,540,070.44. This trade represents a 7.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 830,516 shares of company stock worth $217,286,457 over the last quarter. 2.00% of the stock is currently owned by insiders.

Broadcom Price Performance

AVGO stock opened at $289.60 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.98 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $1.36 trillion, a PE ratio of 108.46, a P/E/G ratio of 2.07 and a beta of 1.15. Broadcom Inc. has a 12-month low of $134.90 and a 12-month high of $317.35. The business's fifty day moving average price is $281.94 and its 200 day moving average price is $231.84.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued 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. Broadcom had a return on equity of 35.49% and a net margin of 22.64%.The company had revenue of $15 billion for the quarter, compared to the consensus estimate of $14.98 billion. During the same quarter in the prior year, the business earned $10.96 EPS. Broadcom's revenue was up 20.2% on a year-over-year basis. Broadcom has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 20th were issued a dividend of $0.59 per share. The ex-dividend date was Friday, June 20th. This represents a $2.36 annualized dividend and a yield of 0.8%. Broadcom's dividend 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.

Want to see what other hedge funds are holding AVGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadcom Inc. (NASDAQ:AVGO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.