Master S Wealth Management Inc. Makes New $370,000 Investment in Broadcom Inc. $AVGO

Key Points

• Master S Wealth Management Inc. invested $370,000 in Broadcom Inc. by acquiring 1,343 shares, making it the 26th largest position in their portfolio.
• Broadcom recently experienced a significant increase in institutional ownership, with 76.43% of its stock now held by institutions.
• Broadcom declared a quarterly dividend of $0.59 per share, resulting in an annualized yield of 0.7%, with a payout ratio of 60.20%.

Master S Wealth Management Inc. purchased a new stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,343 shares of the semiconductor manufacturer's stock, valued at approximately $370,000. Broadcom comprises approximately 0.2% of Master S Wealth Management Inc.'s investment portfolio, making the stock its 26th largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. PARUS FINANCE UK Ltd lifted its holdings in shares of Broadcom by 175.3% in the 1st quarter. PARUS FINANCE UK Ltd now owns 100,578 shares of the semiconductor manufacturer's stock worth $16,840,000 after acquiring an additional 64,038 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Broadcom by 27.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 64,130 shares of the semiconductor manufacturer's stock valued at $10,737,000 after buying an additional 13,978 shares during the period. Asio Capital LLC lifted its stake in Broadcom by 2.0% during the 2nd quarter. Asio Capital LLC now owns 54,459 shares of the semiconductor manufacturer's stock worth $15,012,000 after acquiring an additional 1,089 shares in the last quarter. Keener Financial Planning LLC boosted its holdings in Broadcom by 34.8% during the 1st quarter. Keener Financial Planning LLC now owns 890 shares of the semiconductor manufacturer's stock valued at $149,000 after acquiring an additional 230 shares during the period. Finally, Diversify Wealth Management LLC grew its position in Broadcom by 5.6% in the 1st quarter. Diversify Wealth Management LLC now owns 38,016 shares of the semiconductor manufacturer's stock valued at $6,365,000 after acquiring an additional 2,016 shares in the last quarter. 76.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Broadcom

In other news, Director Henry Samueli sold 368,797 shares of the 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kirsten M. Spears sold 7,498 shares of the firm's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 3,550 shares of company stock valued at $1,227,869 and have sold 665,271 shares valued at $225,464,248. 2.00% of the stock is currently owned by corporate insiders.

Broadcom Stock Performance

Shares of AVGO opened at $340.30 on Thursday. The company has a market capitalization of $1.61 trillion, a price-to-earnings ratio of 86.81, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $374.23. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. The stock has a 50 day moving average price of $329.86 and a 200 day moving average price of $272.43.

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

Broadcom Dividend Announcement

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

Analyst Ratings Changes

AVGO has been the topic of several research reports. Wells Fargo & Company increased their price target on shares of Broadcom from $255.00 to $345.00 and gave the stock an "equal weight" rating in a research report on Friday, September 5th. Citigroup reiterated a "buy" rating and issued a $415.00 price objective (up from $350.00) on shares of Broadcom in a research note on Tuesday, October 14th. Oppenheimer restated an "outperform" rating and set a $360.00 price target (up previously from $325.00) on shares of Broadcom in a report on Friday, September 5th. Macquarie initiated coverage on Broadcom in a research report on Monday, September 15th. They set an "outperform" rating and a $420.00 price objective for the company. Finally, UBS Group set a $415.00 target price on shares of Broadcom and gave the stock a "buy" rating in a research note on Tuesday, October 14th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $372.52.

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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