Paragon Private Wealth Management LLC Buys 2,004 Shares of Broadcom Inc. $AVGO

Key Points

• Paragon Private Wealth Management LLC increased its stake in Broadcom Inc. by 21.4%, now holding 11,357 shares valued at approximately $1.9 million.
• Insider trading activity includes sales by Director Justine Page, who sold 800 shares for nearly $246,000, and Director Henry Samueli, who sold a significant 473,898 shares for over $125 million.
• Broadcom's stock has a 12-month high of $317.35 with an average analyst rating of "Buy" and a consensus price target of $301.79.

Paragon Private Wealth Management LLC raised its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 21.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,357 shares of the semiconductor manufacturer's stock after acquiring an additional 2,004 shares during the period. Broadcom comprises approximately 0.9% of Paragon Private Wealth Management LLC's portfolio, making the stock its 27th biggest holding. Paragon Private Wealth Management LLC's holdings in Broadcom were worth $1,902,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Federation des caisses Desjardins du Quebec grew its position in Broadcom by 0.5% during the first quarter. Federation des caisses Desjardins du Quebec now owns 431,993 shares of the semiconductor manufacturer's stock valued at $72,335,000 after acquiring an additional 2,151 shares during the last quarter. Unisphere Establishment grew its position in Broadcom by 15.0% during the first quarter. Unisphere Establishment now owns 967,600 shares of the semiconductor manufacturer's stock valued at $162,005,000 after acquiring an additional 126,400 shares during the last quarter. Dark Forest Capital Management LP bought a new position in Broadcom during the first quarter valued at approximately $5,667,000. Chiron Capital Management LLC grew its position in Broadcom by 5.5% during the first quarter. Chiron Capital Management LLC now owns 2,092 shares of the semiconductor manufacturer's stock valued at $350,000 after acquiring an additional 110 shares during the last quarter. Finally, Contour Asset Management LLC purchased a new stake in shares of Broadcom during the first quarter valued at approximately $45,290,000. 76.43% of the stock is currently owned by institutional investors.

Broadcom Trading Up 9.4%

AVGO stock traded up $28.79 on Friday, reaching $334.89. The company's stock had a trading volume of 78,318,626 shares, compared to its average volume of 17,635,120. The business has a fifty day simple moving average of $292.09 and a two-hundred day simple moving average of $237.25. Broadcom Inc. has a 12-month low of $134.90 and a 12-month high of $356.34. The firm has a market cap of $1.58 trillion, a PE ratio of 85.43, a PEG ratio of 2.17 and a beta of 1.16. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.98 and a current ratio of 1.08.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly 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 return on equity of 37.17% and a net margin of 31.59%.The company had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.82 billion. During the same quarter last year, the firm posted $1.24 earnings per share. The firm's 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 year.

Broadcom Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd will be issued a $0.59 dividend. The ex-dividend date is Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. Broadcom's dividend payout ratio is 88.39%.

Analyst Ratings Changes

AVGO has been the subject of a number of analyst reports. Wall Street Zen raised Broadcom from a "hold" rating to a "buy" rating in a research note on Saturday. Redburn Atlantic initiated coverage on Broadcom in a research note on Wednesday, May 28th. They set a "buy" rating and a $301.00 price objective for the company. Truist Financial increased their price objective on Broadcom from $295.00 to $365.00 and gave the company a "buy" rating in a research note on Friday. Bank of America increased their price objective on Broadcom from $300.00 to $400.00 and gave the company a "buy" rating in a research note on Friday. Finally, Hsbc Global Res raised Broadcom from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, June 24th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $351.00.

Insiders Place Their Bets

In other Broadcom news, insider Charlie B. Kawwas sold 10,000 shares of the stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $252.88, for a total value of $2,528,800.00. Following the completion of the transaction, the insider owned 789,784 shares in the company, valued at approximately $199,720,577.92. This represents a 1.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark David Brazeal sold 50,000 shares of the stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $253.28, for a total value of $12,664,000.00. Following the completion of the transaction, the insider owned 415,956 shares of the company's stock, valued at approximately $105,353,335.68. This trade represents a 10.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 830,516 shares of company stock valued at $217,286,457 in the last 90 days. Corporate insiders own 2.00% of the company's stock.

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.