MGO Private Wealth LLC Takes Position in Broadcom Inc. $AVGO

Key Points

• MGO Private Wealth LLC purchased 792 shares of Broadcom Inc. valued at approximately $218,000, as reported in their Form 13F filing with the SEC.
• Broadcom's stock has received a consensus rating of "Buy" from analysts, with an average price target of $357.22, following recent upgrades and adjustments to price objectives.
• Insider activity showed significant selling, with Director Henry Samueli selling over 368,000 shares for over $124 million, indicating a potential shift in investor sentiment.

MGO Private Wealth LLC purchased a new stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 792 shares of the semiconductor manufacturer's stock, valued at approximately $218,000.

Several other hedge funds have also modified their holdings of the stock. Sawyer & Company Inc lifted its holdings 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 period. Legend Financial Advisors Inc. acquired a new position in Broadcom in the second quarter valued at approximately $28,000. Maseco LLP acquired a new position in Broadcom in the second quarter valued at approximately $34,000. PFS Partners LLC lifted its holdings in Broadcom by 38.4% in the second quarter. PFS Partners LLC now owns 137 shares of the semiconductor manufacturer's stock valued at $38,000 after buying an additional 38 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in Broadcom in the first quarter valued at approximately $25,000. 76.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AVGO has been the topic of several analyst reports. Benchmark increased their price objective on shares of Broadcom from $315.00 to $385.00 and gave the company a "buy" rating in a report on Friday, September 5th. Arete Research upgraded shares of Broadcom to a "strong-buy" rating in a report on Monday, July 28th. Weiss Ratings lowered shares of Broadcom from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft increased their target price on shares of Broadcom from $300.00 to $350.00 and gave the stock a "buy" rating in a report on Friday, September 5th. Finally, Rosenblatt Securities increased their target price on shares of Broadcom from $340.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, September 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Broadcom has an average rating of "Buy" and an average price target of $357.22.

Insider Buying and Selling at Broadcom

In related news, Director Henry Samueli sold 368,797 shares of the firm's stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the sale, the director directly owned 37,722,534 shares in the company, valued at $12,746,821,463.94. This trade represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Charlie B. Kawwas sold 3,893 shares of the firm's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the sale, the insider owned 25,295 shares in the company, valued at approximately $8,798,106.90. The trade was a 13.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 3,550 shares of company stock valued at $1,227,869 and sold 666,071 shares valued at $225,623,008. Insiders own 2.00% of the company's stock.

Broadcom Trading Down 0.1%

Shares of NASDAQ:AVGO opened at $345.02 on Friday. Broadcom Inc. has a 12 month low of $138.10 and a 12 month 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 company's fifty day simple moving average is $321.92 and its 200 day simple moving average is $261.43. The firm has a market cap of $1.63 trillion, a price-to-earnings ratio of 88.02, a PEG ratio of 1.91 and a beta of 1.20.

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 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 business posted $1.24 earnings per share. The firm'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, research analysts forecast that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

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