RMR Wealth Builders Acquires 988 Shares of Broadcom Inc. $AVGO

Key Points

• RMR Wealth Builders increased its stake in Broadcom Inc. by 1.8%, acquiring 988 additional shares, bringing its total holdings to 56,001 shares worth approximately $15.4 million.
• Analysts have upgraded Broadcom's rating, with predictions of future growth reflected in boosted price targets, including a target of $400 set by JPMorgan Chase.
• Broadcom recently announced a quarterly dividend of $0.59, resulting in an annualized dividend yield of 0.7% with a payout ratio of 60.20%.

RMR Wealth Builders grew its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 1.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,001 shares of the semiconductor manufacturer's stock after acquiring an additional 988 shares during the period. Broadcom comprises approximately 1.4% of RMR Wealth Builders' holdings, making the stock its 18th largest position. RMR Wealth Builders' holdings in Broadcom were worth $15,437,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AVGO. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Broadcom during the 1st quarter valued at $25,000. Cheviot Value Management LLC purchased a new position in shares of Broadcom during the 1st quarter valued at $25,000. Inlight Wealth Management LLC purchased a new position in shares of Broadcom during the 1st quarter valued at $26,000. Sunbeam Capital Management LLC purchased a new position in shares of Broadcom during the 4th quarter valued at $28,000. Finally, Vermillion Wealth Management Inc. purchased a new position in shares of Broadcom during the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 76.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on AVGO shares. Erste Group Bank upgraded shares of Broadcom from a "hold" rating to a "buy" rating in a research note on Thursday, June 5th. Arete Research upgraded shares of Broadcom to a "strong-buy" rating in a research note on Monday, July 28th. UBS Group boosted their price target on shares of Broadcom from $290.00 to $345.00 and gave the stock a "buy" rating in a research note on Monday, August 25th. JPMorgan Chase & Co. boosted their price target on shares of Broadcom from $325.00 to $400.00 and gave the stock an "overweight" rating in a research note on Friday, September 5th. Finally, Citigroup boosted their price target on shares of Broadcom from $315.00 to $350.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $354.04.

Insider Transactions at Broadcom

In other news, Director Gayla J. Delly sold 3,000 shares of the business's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $265.13, for a total value of $795,390.00. Following the sale, the director directly owned 33,352 shares in the company, valued at $8,842,615.76. The trade was a 8.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Justine Page sold 800 shares of the company's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $307.46, for a total transaction of $245,968.00. Following the transaction, the director owned 23,782 shares in the company, valued at $7,312,013.72. The trade was a 3.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 3,550 shares of company stock worth $1,227,869 and sold 850,112 shares worth $234,654,209. Corporate insiders own 2.00% of the company's stock.

Broadcom Stock Performance

Broadcom stock opened at $359.87 on Monday. The company's 50-day moving average price is $300.31 and its 200-day moving average price is $242.50. Broadcom Inc. has a twelve month low of $138.10 and a twelve 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 has a market cap of $1.70 trillion, a PE ratio of 91.80, a price-to-earnings-growth ratio of 1.99 and a beta of 1.16.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share 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 firm had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $15.82 billion. During the same period in the previous year, the firm posted $1.24 EPS. The business's quarterly revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. On average, equities research analysts forecast that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders 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 dividend yield of 0.7%. Broadcom's payout ratio is 60.20%.

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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