MBL Wealth LLC Has $2.20 Million Stock Holdings in Broadcom Inc. $AVGO

Key Points

• MBL Wealth LLC increased its holdings in Broadcom Inc. by 24.8%, acquiring an additional 2,612 shares, bringing its total to 13,129 shares valued at approximately $2.20 million.
• CEO Hock E. Tan sold over 117,000 shares of Broadcom, marking a 10.40% decrease in his position, while CFO Kirsten M. Spears also reduced her stake by 13.46% through a similar transaction.
• The latest earnings report indicated an EPS of $1.69, exceeding expectations, with revenue rising 22% year-over-year to $15.95 billion.

MBL Wealth LLC boosted its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 24.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,129 shares of the semiconductor manufacturer's stock after acquiring an additional 2,612 shares during the period. MBL Wealth LLC's holdings in Broadcom were worth $2,198,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Broadcom in the 1st quarter valued at approximately $25,000. Cheviot Value Management LLC acquired a new position in shares of Broadcom in the 1st quarter worth approximately $25,000. Inlight Wealth Management LLC acquired a new position in shares of Broadcom in the 1st quarter worth approximately $26,000. Sunbeam Capital Management LLC acquired a new position in shares of Broadcom in the 4th quarter worth approximately $28,000. Finally, Vermillion Wealth Management Inc. acquired a new position in shares of Broadcom in the 4th quarter worth approximately $30,000. 76.43% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Hock E. Tan sold 117,758 shares of the firm's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $252.91, for a total value of $29,782,175.78. Following the completion of the transaction, the chief executive officer owned 1,014,152 shares in the company, valued at $256,489,182.32. This trade represents a 10.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kirsten M. Spears sold 56,310 shares of the firm's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $251.75, for a total value of $14,176,042.50. Following the completion of the transaction, the chief financial officer owned 361,937 shares of the company's stock, valued at $91,117,639.75. The trade was a 13.46% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 820,516 shares of company stock worth $214,757,657. 2.00% of the stock is currently owned by insiders.

Broadcom Stock Performance

Shares of Broadcom stock opened at $357.81 on Wednesday. The company has a market capitalization of $1.68 trillion, a PE ratio of 91.60, a PEG ratio of 1.89 and a beta of 1.16. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $356.34. 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's fifty day simple moving average is $294.92 and its 200 day simple moving average is $238.95.

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

Broadcom Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd will be issued 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 is Monday, September 22nd. Broadcom's dividend payout ratio is 60.20%.

Wall Street Analyst Weigh In

AVGO has been the topic of several recent analyst reports. Piper Sandler boosted their target price on Broadcom from $315.00 to $375.00 and gave the stock an "overweight" rating in a report on Friday, September 5th. Oppenheimer reissued an "outperform" rating and issued a $360.00 target price (up from $325.00) on shares of Broadcom in a report on Friday, September 5th. Susquehanna boosted their target price on Broadcom from $280.00 to $300.00 and gave the stock a "positive" rating in a report on Friday, June 6th. Wall Street Zen raised Broadcom from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Erste Group Bank raised Broadcom from a "hold" rating to a "buy" rating in a report on Thursday, June 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $351.92.

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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