LifeGoal Wealth Advisors Acquires New Holdings in Broadcom Inc. $AVGO

Key Points

• LifeGoal Wealth Advisors acquired 1,137 shares of Broadcom Inc. (NASDAQ:AVGO), worth approximately $313,000, indicating growing interest from institutional investors.
• Broadcom's stock recently recorded a 0.1% increase and has impressive financials, including a market cap of $1.60 trillion and a P/E ratio of 86.32.
• The company announced a dividend of $0.59 per share, with a current annual yield of 0.7% and a payout ratio of 60.20%.

LifeGoal Wealth Advisors acquired a new stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,137 shares of the semiconductor manufacturer's stock, valued at approximately $313,000.

Other institutional investors also recently added to or reduced their stakes in the company. Barnes Dennig Private Wealth Management LLC purchased a new stake in Broadcom in the first quarter valued at about $25,000. Cheviot Value Management LLC purchased a new stake in Broadcom in the first quarter valued at about $25,000. Inlight Wealth Management LLC purchased a new stake in Broadcom in the first quarter valued at about $26,000. Sawyer & Company Inc raised its stake in 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 buying an additional 36 shares during the last quarter. Finally, Legend Financial Advisors Inc. purchased a new stake in Broadcom in the second quarter valued at about $28,000. Institutional investors own 76.43% of the company's stock.

Broadcom Stock Up 0.1%

Shares of AVGO stock opened at $338.37 on Friday. The stock has a 50 day moving average of $318.43 and a 200 day moving average of $257.34. 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 stock has a market cap of $1.60 trillion, a P/E ratio of 86.32, a P/E/G ratio of 1.87 and a beta of 1.20. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $374.23.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $15.82 billion. During the same period last year, the business earned $1.24 earnings per share. 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, sell-side analysts expect that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were issued a $0.59 dividend. 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 Upgrades and Downgrades

A number of equities research analysts have commented on AVGO shares. Macquarie started coverage on Broadcom in a research note on Monday, September 15th. They issued an "outperform" rating and a $420.00 price target for the company. Bank of America raised their price objective on Broadcom from $300.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. Susquehanna raised their price objective on Broadcom from $280.00 to $300.00 and gave the stock a "positive" rating in a research note on Friday, June 6th. Piper Sandler raised their price objective on Broadcom from $315.00 to $375.00 and gave the stock an "overweight" rating in a research note on Friday, September 5th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Broadcom in a research note on Saturday, September 27th. Three research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $357.22.

Insider Buying and Selling

In other Broadcom news, Director Henry Samueli sold 368,797 shares of the firm's stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total value of $124,620,194.27. Following the sale, the director directly owned 37,722,534 shares of the company's stock, valued at approximately $12,746,821,463.94. This trade represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Hock E. Tan sold 100,000 shares of Broadcom stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $339.58, for a total value of $33,958,000.00. Following the completion of the sale, the chief executive officer directly owned 725,638 shares in the company, valued at $246,412,152.04. This represents a 12.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 3,550 shares of company stock valued at $1,227,869 and sold 666,071 shares valued at $225,623,008. 2.00% of the stock is currently owned by company 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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