Broadcom Inc. $AVGO Shares Purchased by Sax Wealth Advisors LLC

Key Points

• Sax Wealth Advisors LLC increased its stake in Broadcom Inc. by 42.3%, bringing their total ownership to 7,953 shares worth approximately $1.33 million as of the latest SEC filing.
• Broadcom received multiple upgrades from analysts, with HSBC raising its rating to "buy" and setting a price target of $400, while the average price target across analysts is $298.67.
• Insiders at Broadcom have sold a total of 830,516 shares in the last quarter, highlighting potential shifts in confidence among company leadership.

Sax Wealth Advisors LLC increased its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 42.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,953 shares of the semiconductor manufacturer's stock after acquiring an additional 2,365 shares during the period. Sax Wealth Advisors LLC's holdings in Broadcom were worth $1,332,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in AVGO. Brighton Jones LLC raised its holdings in Broadcom by 21.8% during the 4th quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer's stock valued at $6,882,000 after buying an additional 5,322 shares during the period. Revolve Wealth Partners LLC increased its position in Broadcom by 10.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer's stock valued at $1,854,000 after acquiring an additional 756 shares during the last quarter. Bank Pictet & Cie Europe AG increased its position in Broadcom by 16.4% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 221,199 shares of the semiconductor manufacturer's stock valued at $51,283,000 after acquiring an additional 31,225 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Broadcom in the fourth quarter valued at $602,000. Finally, Arkos Global Advisors lifted its holdings in shares of Broadcom by 2.2% in the 4th quarter. Arkos Global Advisors now owns 3,464 shares of the semiconductor manufacturer's stock worth $803,000 after acquiring an additional 73 shares during the last quarter. 76.43% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Charlie B. Kawwas sold 10,000 shares of the business's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $252.88, for a total value of $2,528,800.00. Following the completion of the sale, the insider owned 789,784 shares of the company's stock, valued at approximately $199,720,577.92. The trade was a 1.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Henry Samueli sold 473,898 shares of the business's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $265.33, for a total transaction of $125,739,356.34. Following the transaction, the director owned 38,188,575 shares in the company, valued at $10,132,574,604.75. The trade was a 1.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 830,516 shares of company stock worth $217,286,457. Insiders own 2.00% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on AVGO. Hsbc Global Res raised shares of Broadcom from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, June 24th. Barclays upped their target price on Broadcom from $215.00 to $265.00 and gave the company an "overweight" rating in a research note on Monday, June 9th. Rosenblatt Securities raised their price target on Broadcom from $223.00 to $340.00 and gave the stock a "buy" rating in a research note on Friday, June 6th. Wells Fargo & Company upped their price objective on Broadcom from $230.00 to $255.00 and gave the company an "equal weight" rating in a research report on Friday, June 6th. Finally, HSBC upgraded Broadcom from a "hold" rating to a "buy" rating and set a $400.00 target price on the stock in a research note on Tuesday, June 24th. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $301.79.

Broadcom Stock Performance

AVGO traded up $8.04 on Thursday, reaching $308.29. 8,042,240 shares of the stock were exchanged, compared to its average volume of 25,721,348. The company's 50-day moving average price is $285.64 and its 200 day moving average price is $233.74. The firm has a market capitalization of $1.45 trillion, a PE ratio of 115.43, a PEG ratio of 2.12 and a beta of 1.15. Broadcom Inc. has a fifty-two week low of $134.90 and a fifty-two week high of $317.35. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.08 and a quick ratio of 0.98.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The semiconductor manufacturer reported $1.58 EPS for the quarter, beating the consensus estimate of $1.57 by $0.01. Broadcom had a net margin of 22.64% and a return on equity of 35.49%. The company had revenue of $15 billion for the quarter, compared to analyst estimates of $14.98 billion. During the same period in the prior year, the company earned $10.96 earnings per share. The firm's revenue was up 20.2% on a year-over-year basis. Broadcom has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 20th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, June 20th. Broadcom's dividend payout ratio is presently 88.39%.

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.