Three Seasons Wealth LLC Increases Position in Broadcom Inc. $AVGO

Key Points

• Three Seasons Wealth LLC increased its stake in Broadcom Inc. by 75.3% during Q2, holding 2,103 shares worth $580,000 after purchasing an additional 903 shares.
• Broadcom reported earnings of $1.69 per share, surpassing estimates, with revenue of $15.95 billion, marking a 22% year-over-year increase.
• The company announced a quarterly dividend of $0.59 per share, set to be paid on September 30th, with a dividend yield of 0.7%.

Three Seasons Wealth LLC raised its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 75.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,103 shares of the semiconductor manufacturer's stock after acquiring an additional 903 shares during the quarter. Three Seasons Wealth LLC's holdings in Broadcom were worth $580,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Barnes Dennig Private Wealth Management LLC acquired a new position in Broadcom in the 1st quarter valued at approximately $25,000. Cheviot Value Management LLC bought a new position in shares of Broadcom in the 1st quarter worth about $25,000. Inlight Wealth Management LLC acquired a new position in Broadcom in the first quarter valued at approximately $26,000. Sawyer & Company Inc lifted its position in shares of 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 acquiring an additional 36 shares during the period. Finally, Sunbeam Capital Management LLC bought a new position in shares of Broadcom during the 4th quarter worth about $28,000. 76.43% of the stock is currently owned by institutional investors.

Insider Activity at Broadcom

In other Broadcom news, Director Harry L. You acquired 500 shares of the company's stock in a transaction on Wednesday, September 10th. The stock was acquired at an average cost of $363.38 per share, with a total value of $181,690.00. Following the purchase, the director directly owned 35,602 shares of the company's stock, valued at approximately $12,937,054.76. This represents a 1.42% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kirsten M. Spears sold 7,498 shares of the business's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $347.66, for a total value of $2,606,754.68. Following the transaction, the chief financial officer directly owned 313,330 shares in the company, valued at approximately $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 three months, 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.

Analysts Set New Price Targets

A number of equities analysts have issued reports on AVGO shares. Cowen reiterated a "buy" rating on shares of Broadcom in a research note on Friday, June 6th. Benchmark lifted their price objective on shares of Broadcom from $315.00 to $385.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. Piper Sandler increased their price target on Broadcom from $315.00 to $375.00 and gave the stock an "overweight" rating in a research note on Friday, September 5th. Erste Group Bank raised shares of Broadcom from a "hold" rating to a "buy" rating in a report on Thursday, June 5th. Finally, Mizuho raised their price objective on shares of Broadcom from $355.00 to $410.00 and gave the company an "outperform" rating in a research report on Friday, September 12th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Broadcom currently has an average rating of "Buy" and a consensus target price of $356.48.

Broadcom Stock Down 1.8%

Shares of AVGO traded down $6.15 on Monday, reaching $338.79. The stock had a trading volume of 28,599,739 shares, compared to its average volume of 26,467,146. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $374.23. The firm has a market capitalization of $1.60 trillion, a price-to-earnings ratio of 86.43, a price-to-earnings-growth ratio of 1.91 and a beta of 1.16. 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 company has a 50-day simple moving average of $308.05 and a 200-day simple moving average of $248.20.

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

Broadcom Announces Dividend

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

About Broadcom

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.