Signal Advisors Wealth LLC Buys 4,371 Shares of Broadcom Inc. $AVGO

Key Points

• Signal Advisors Wealth LLC increased its position in Broadcom Inc. by 83% during Q2, now holding 9,636 shares worth approximately $2.66 million after acquiring 4,371 additional shares.
• Broadcom recently reported a quarterly EPS of $1.69, beating analysts' estimates, and its revenue for the quarter was $15.95 billion, marking a 22% year-over-year increase.
• The company announced a quarterly dividend of $0.59 per share, representing an annualized dividend yield of 0.7%, with a dividend payout ratio of 60.20%.

Signal Advisors Wealth LLC increased its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 83.0% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,636 shares of the semiconductor manufacturer's stock after buying an additional 4,371 shares during the period. Signal Advisors Wealth LLC's holdings in Broadcom were worth $2,656,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Broadcom during the first quarter valued at $25,000. Cheviot Value Management LLC bought a new position in Broadcom in the 1st quarter worth about $25,000. Inlight Wealth Management LLC purchased a new stake in Broadcom during the 1st quarter valued at about $26,000. Sawyer & Company Inc increased its stake in Broadcom by 62.1% during the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock valued at $26,000 after purchasing an additional 36 shares in the last quarter. Finally, Sunbeam Capital Management LLC bought a new stake in Broadcom during the 4th quarter valued at about $28,000. Hedge funds and other institutional investors own 76.43% of the company's stock.

Broadcom Stock Performance

Shares of NASDAQ AVGO traded down $6.15 during midday trading on Monday, hitting $338.79. 28,599,739 shares of the stock traded hands, compared to its average volume of 29,009,098. The firm has a market capitalization of $1.60 trillion, a P/E ratio of 86.43, a PEG ratio of 1.91 and a beta of 1.16. Broadcom Inc. has a one year low of $138.10 and a one year high of $374.23. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. The firm has a 50-day moving average of $309.32 and a two-hundred day moving average of $249.20.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating analysts' consensus estimates of $1.66 by $0.03. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The company had revenue of $15.95 billion during the quarter, compared to analysts' expectations of $15.82 billion. During the same quarter in the prior year, the business earned $1.24 earnings per share. Broadcom's revenue for the quarter was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. On average, equities analysts forecast that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on AVGO shares. Bank of America increased their price target on shares of Broadcom from $300.00 to $400.00 and gave the company a "buy" rating in a report on Friday, September 5th. Macquarie began coverage on Broadcom in a research report on Monday, September 15th. They issued an "outperform" rating and a $420.00 price objective on the stock. Barclays lifted their target price on Broadcom from $265.00 to $400.00 and gave the stock an "overweight" rating in a report on Friday, September 5th. Argus upped their price target on Broadcom from $285.00 to $375.00 and gave the company a "buy" rating in a report on Monday, September 8th. Finally, Truist Financial increased their price objective on Broadcom from $295.00 to $365.00 and gave the company a "buy" rating in a research report on Friday, September 5th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $356.48.

Insider Transactions at Broadcom

In other Broadcom news, Director Henry Samueli sold 473,898 shares of the stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $265.33, for a total value of $125,739,356.34. Following the transaction, the director directly owned 38,188,575 shares in the company, valued at approximately $10,132,574,604.75. This trade represents a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kirsten M. Spears sold 36,350 shares of Broadcom stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $261.27, for a total transaction of $9,497,164.50. Following the transaction, the chief financial officer owned 325,587 shares in the company, valued at $85,066,115.49. This represents a 10.04% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 3,550 shares of company stock worth $1,227,869 and have sold 790,522 shares worth $224,295,124. Company insiders own 2.00% of the company's stock.

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.