Parkwoods Wealth Partners LLC Takes Position in Broadcom Inc. $AVGO

Key Points

• Parkwoods Wealth Partners LLC has acquired a new position in Broadcom, purchasing 1,065 shares valued at approximately $294,000. This investment reflects growing interest from institutional investors in Broadcom's stock.
• Several analysts have raised their price targets for Broadcom, with KeyCorp setting a new target of $420.00, indicating strong confidence in the company's performance and growth potential.
• Broadcom reported earnings of $1.69 per share in its recent quarterly results, outperforming analyst expectations, with a year-over-year revenue increase of 22.0%, highlighting its ongoing financial strength.

Parkwoods Wealth Partners LLC bought a new stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,065 shares of the semiconductor manufacturer's stock, valued at approximately $294,000.

Other hedge funds have also modified their holdings of the company. PARUS FINANCE UK Ltd raised its position in shares of Broadcom by 175.3% in 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. increased its position in Broadcom by 27.9% during the first quarter. Geneos Wealth Management Inc. now owns 64,130 shares of the semiconductor manufacturer's stock worth $10,737,000 after purchasing an additional 13,978 shares during the last quarter. Asio Capital LLC increased its position in Broadcom by 2.0% during the second quarter. Asio Capital LLC now owns 54,459 shares of the semiconductor manufacturer's stock worth $15,012,000 after purchasing an additional 1,089 shares during the last quarter. Keener Financial Planning LLC increased its position in Broadcom by 34.8% during the first quarter. Keener Financial Planning LLC now owns 890 shares of the semiconductor manufacturer's stock worth $149,000 after purchasing an additional 230 shares during the last quarter. Finally, Diversify Wealth Management LLC increased its position in Broadcom by 5.6% during the first 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 during the last quarter. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on AVGO shares. KeyCorp restated an "overweight" rating and set a $420.00 price objective (up from $400.00) on shares of Broadcom in a research report on Tuesday, September 30th. Morgan Stanley raised their price objective on shares of Broadcom from $338.00 to $357.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 2nd. Evercore ISI restated an "outperform" rating and set a $342.00 price objective (up from $304.00) on shares of Broadcom in a research report on Thursday, September 4th. UBS Group raised their price objective on shares of Broadcom from $290.00 to $345.00 and gave the stock a "buy" rating in a research report on Monday, August 25th. Finally, Wall Street Zen raised shares of Broadcom from a "hold" rating to a "buy" rating in a research note on Saturday, September 6th. Three analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $357.22.

Broadcom Stock Up 0.1%

Shares of Broadcom stock opened at $338.37 on Monday. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $374.23. The company has a 50 day moving average of $318.43 and a 200 day moving average of $258.24. 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 has a market capitalization of $1.60 trillion, a P/E ratio of 86.32, a P/E/G ratio of 1.87 and a beta of 1.20.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (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 company had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.82 billion. During the same quarter in the previous year, the firm earned $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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, September 22nd. Broadcom's payout ratio is currently 60.20%.

Insider Buying and Selling at Broadcom

In other news, insider Charlie B. Kawwas sold 3,893 shares of the business's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the completion of 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kirsten M. Spears sold 7,498 shares of the business'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 sale, the chief financial officer owned 313,330 shares of the company's stock, valued at $108,932,307.80. This represents a 2.34% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 3,550 shares of company stock worth $1,227,869 and have sold 666,071 shares worth $225,623,008. 2.00% of the stock is owned by corporate insiders.

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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