Simplicity Wealth LLC Purchases 22,710 Shares of Broadcom Inc. $AVGO

Key Points

• Simplicity Wealth LLC increased its stake in Broadcom Inc. by 105.4%, purchasing an additional 22,710 shares to bring its total holdings to 44,250 shares, valued at approximately $12.2 million.
• Several analysts raised their target prices for Broadcom Inc. to as high as $420.00, with a majority of research analysts giving the stock an average rating of "Buy."
• Broadcom reported a revenue increase of 22% year-over-year and announced a quarterly dividend of $0.59 per share, reflecting a 0.7% yield for shareholders.

Simplicity Wealth LLC lifted its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 105.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,250 shares of the semiconductor manufacturer's stock after buying an additional 22,710 shares during the quarter. Simplicity Wealth LLC's holdings in Broadcom were worth $12,197,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in AVGO. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Broadcom in the first quarter worth about $25,000. Cheviot Value Management LLC bought a new position in shares of Broadcom in the first quarter worth about $25,000. Inlight Wealth Management LLC bought a new position in shares of Broadcom in the first quarter worth about $26,000. Sawyer & Company Inc raised its stake in shares of Broadcom by 62.1% in the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock worth $26,000 after buying an additional 36 shares during the period. Finally, Legend Financial Advisors Inc. bought a new position in shares of Broadcom in the second quarter worth about $28,000. Institutional investors own 76.43% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $340.00 price objective on shares of Broadcom in a research note on Wednesday, August 13th. Barclays increased their target price on Broadcom from $265.00 to $400.00 and gave the stock an "overweight" rating in a research report on Friday, September 5th. Sanford C. Bernstein increased their target price on Broadcom from $295.00 to $400.00 and gave the stock an "outperform" rating in a research report on Friday, September 5th. Rosenblatt Securities increased their target price on Broadcom from $340.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. Finally, KeyCorp reiterated an "overweight" rating and set a $420.00 target price (up previously from $400.00) on shares of Broadcom in a research report on Tuesday, September 30th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $357.22.

Broadcom Stock Performance

NASDAQ AVGO opened at $345.02 on Friday. The stock has a market capitalization of $1.63 trillion, a PE ratio of 88.02, a P/E/G ratio of 1.91 and a beta of 1.20. The business has a 50 day simple moving average of $321.92 and a two-hundred day simple moving average of $261.43. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $374.23.

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

Broadcom Announces Dividend

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

Insider Buying and Selling at Broadcom

In other Broadcom news, insider Mark David Brazeal sold 16,558 shares of the firm's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the completion of the transaction, the insider owned 329,302 shares in the company, valued at $114,468,668.22. This trade represents a 4.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Kirsten M. Spears sold 7,498 shares of Broadcom stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total value of $2,606,754.68. Following the completion of the transaction, the chief financial officer owned 313,330 shares of the company's stock, valued at approximately $108,932,307.80. This trade represents a 2.34% decrease in their position. The disclosure for this sale can be found here. Over the last three months, 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 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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