Triad Wealth Partners LLC Has $2.32 Million Stake in Broadcom Inc. $AVGO

Key Points

• Triad Wealth Partners LLC increased its stake in Broadcom Inc. by 42.7%, owning 13,863 shares valued at approximately $2.32 million as of its latest filing.
• Broadcom reported $1.58 earnings per share for the latest quarter, surpassing analysts' expectations and achieving a 20.2% year-over-year revenue growth.
• The company declared a quarterly dividend of $0.59 per share, reflecting an annualized yield of 0.8% with a dividend payout ratio of 88.39%.

Triad Wealth Partners LLC lifted its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 42.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,863 shares of the semiconductor manufacturer's stock after buying an additional 4,145 shares during the quarter. Triad Wealth Partners LLC's holdings in Broadcom were worth $2,321,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Silvant Capital Management LLC grew its position in shares of Broadcom by 2.4% during the first quarter. Silvant Capital Management LLC now owns 271,575 shares of the semiconductor manufacturer's stock worth $45,470,000 after buying an additional 6,386 shares in the last quarter. RB Capital Management LLC lifted its stake in Broadcom by 2.5% during the first quarter. RB Capital Management LLC now owns 30,942 shares of the semiconductor manufacturer's stock worth $5,181,000 after purchasing an additional 753 shares during the last quarter. CreativeOne Wealth LLC lifted its stake in Broadcom by 4.0% during the first quarter. CreativeOne Wealth LLC now owns 110,540 shares of the semiconductor manufacturer's stock worth $18,508,000 after purchasing an additional 4,260 shares during the last quarter. Ieq Capital LLC lifted its stake in Broadcom by 12.7% during the first quarter. Ieq Capital LLC now owns 466,189 shares of the semiconductor manufacturer's stock worth $78,054,000 after purchasing an additional 52,467 shares during the last quarter. Finally, Warwick Investment Management Inc. lifted its stake in Broadcom by 17.1% during the first quarter. Warwick Investment Management Inc. now owns 3,717 shares of the semiconductor manufacturer's stock worth $622,000 after purchasing an additional 543 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company's stock.

Insider Transactions at Broadcom

In other news, CFO Kirsten M. Spears sold 36,350 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly owned 325,587 shares in the company, valued at $85,066,115.49. The trade was a 10.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Hock E. Tan sold 40,000 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $268.29, for a total value of $10,731,600.00. Following the transaction, the chief executive officer owned 482,836 shares of the company's stock, valued at approximately $129,540,070.44. This trade represents a 7.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 830,516 shares of company stock worth $217,286,457. 2.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. UBS Group raised their price objective on Broadcom from $290.00 to $345.00 and gave the stock a "buy" rating in a research note on Monday, August 25th. Erste Group Bank upgraded Broadcom from a "hold" rating to a "buy" rating in a research note on Thursday, June 5th. Rosenblatt Securities raised their target price on Broadcom from $223.00 to $340.00 and gave the company a "buy" rating in a research note on Friday, June 6th. KeyCorp boosted their price target on shares of Broadcom from $315.00 to $330.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Finally, HSBC raised shares of Broadcom from a "hold" rating to a "buy" rating and set a $400.00 price target for the company in a report on Tuesday, June 24th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $301.79.

Broadcom Trading Down 3.6%

NASDAQ AVGO traded down $11.26 on Friday, hitting $297.39. 21,581,160 shares of the company were exchanged, compared to its average volume of 17,621,516. The company's 50 day moving average price is $287.74 and its 200-day moving average price is $234.68. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.08 and a quick ratio of 0.98. The firm has a market capitalization of $1.40 trillion, a P/E ratio of 111.38, a price-to-earnings-growth ratio of 2.19 and a beta of 1.15. Broadcom Inc. has a twelve month low of $134.90 and a twelve month high of $317.35.

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

Broadcom Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 20th were paid a $0.59 dividend. The ex-dividend date of this dividend was Friday, June 20th. This represents a $2.36 annualized dividend and a dividend yield of 0.8%. Broadcom's 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.