McGlone Suttner Wealth Management Inc. Increases Holdings in Broadcom Inc. $AVGO

Key Points

• McGlone Suttner Wealth Management Inc. increased its holdings in Broadcom Inc. by 15.1%, owning 7,215 shares valued at approximately $1.99 million as of the latest filing.
• Multiple institutional investors are showing increased interest, with PARUS FINANCE UK Ltd raising its position by 175.3% in Q1, now holding 100,578 shares valued at about $16.84 million.
• Recent insider trading includes CEO Hock E. Tan selling 148,154 shares for approximately $49.88 million, reducing his ownership by 15.21%, while insiders sold a total of $78.57 million worth of shares in the last 90 days.

McGlone Suttner Wealth Management Inc. increased its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 15.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,215 shares of the semiconductor manufacturer's stock after purchasing an additional 947 shares during the quarter. McGlone Suttner Wealth Management Inc.'s holdings in Broadcom were worth $1,989,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in AVGO. PARUS FINANCE UK Ltd raised its position in shares of Broadcom by 175.3% during the first quarter. PARUS FINANCE UK Ltd now owns 100,578 shares of the semiconductor manufacturer's stock valued at $16,840,000 after buying an additional 64,038 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in Broadcom by 27.9% during the first quarter. Geneos Wealth Management Inc. now owns 64,130 shares of the semiconductor manufacturer's stock valued at $10,737,000 after acquiring an additional 13,978 shares in the last quarter. Keener Financial Planning LLC increased its holdings in Broadcom by 34.8% in 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 last quarter. Diversify Wealth Management LLC lifted its stake in Broadcom by 5.6% in the 1st quarter. Diversify Wealth Management LLC now owns 38,016 shares of the semiconductor manufacturer's stock worth $6,365,000 after purchasing an additional 2,016 shares in the last quarter. Finally, Acorns Advisers LLC boosted its holdings in shares of Broadcom by 24.3% during the 1st quarter. Acorns Advisers LLC now owns 4,184 shares of the semiconductor manufacturer's stock valued at $701,000 after purchasing an additional 818 shares during the last quarter. 76.43% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Mark David Brazeal sold 16,558 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the transaction, the insider owned 329,302 shares of the company's stock, valued at approximately $114,468,668.22. This represents a 4.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Hock E. Tan sold 148,154 shares of the firm's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $336.67, for a total value of $49,879,007.18. Following the transaction, the chief executive officer owned 825,998 shares in the company, valued at approximately $278,088,746.66. This represents a 15.21% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders bought 3,550 shares of company stock worth $1,227,869 and sold 240,274 shares worth $78,571,804. 2.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AVGO shares. Erste Group Bank raised Broadcom from a "hold" rating to a "buy" rating in a report on Thursday, June 5th. Barclays raised their price target on Broadcom from $265.00 to $400.00 and gave the company an "overweight" rating in a report on Friday, September 5th. Piper Sandler upped their price objective on Broadcom from $315.00 to $375.00 and gave the stock an "overweight" rating in a report on Friday, September 5th. KeyCorp increased their target price on Broadcom from $330.00 to $400.00 and gave the company an "overweight" rating in a research report on Friday, September 5th. Finally, Oppenheimer restated an "outperform" rating and issued a $360.00 price target (up previously from $325.00) on shares of Broadcom in a research report on Friday, September 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $356.48.

Broadcom Trading Up 0.0%

Shares of AVGO opened at $338.94 on Wednesday. The firm has a market capitalization of $1.60 trillion, a price-to-earnings ratio of 86.46, a PEG ratio of 1.87 and a beta of 1.16. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $374.23. The company has a 50-day moving average of $310.48 and a 200 day moving average of $249.83.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $15.82 billion. During the same period last year, the company posted $1.24 earnings per share. The company's quarterly revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. On average, research analysts expect 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 given a dividend of $0.59 per share. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. Broadcom's payout ratio is 60.20%.

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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