Twelve Points Wealth Management LLC Invests $251,000 in Broadcom Inc. $AVGO

Key Points

• Twelve Points Wealth Management LLC purchased 910 shares of Broadcom Inc., valued at approximately $251,000, marking a new investment in the semiconductor company during the 2nd quarter.
• Broadcom's Director Henry Samueli sold 368,797 shares, amounting to over $124 million, while overall insider trading showed a significant sell-off with more shares sold than bought in the last quarter.
• Broadcom's stock performance has seen price target upgrades, with analysts from KeyCorp and Sanford C. Bernstein raising their targets to as high as $400, indicating strong investor confidence in the company's future growth.

Twelve Points Wealth Management LLC acquired a new position in Broadcom Inc. (NASDAQ:AVGO - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 910 shares of the semiconductor manufacturer's stock, valued at approximately $251,000.

Several other institutional investors have also recently made changes to their positions in the stock. Brighton Jones LLC raised its stake 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 purchasing an additional 5,322 shares during the period. Revolve Wealth Partners LLC raised its stake in Broadcom by 10.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer's stock valued at $1,854,000 after purchasing an additional 756 shares during the period. Baker Tilly Wealth Management LLC raised its stake in Broadcom by 1.3% during the 1st quarter. Baker Tilly Wealth Management LLC now owns 8,298 shares of the semiconductor manufacturer's stock valued at $1,389,000 after purchasing an additional 110 shares during the period. Fiduciary Alliance LLC raised its stake in Broadcom by 12.1% during the 1st quarter. Fiduciary Alliance LLC now owns 30,988 shares of the semiconductor manufacturer's stock valued at $5,188,000 after purchasing an additional 3,349 shares during the period. Finally, Worth Asset Management LLC raised its stake in Broadcom by 505.3% during the 1st quarter. Worth Asset Management LLC now owns 13,915 shares of the semiconductor manufacturer's stock valued at $2,330,000 after purchasing an additional 11,616 shares during the period. Institutional investors own 76.43% of the company's stock.

Insider Activity at Broadcom

In related news, Director Henry Samueli sold 368,797 shares of the business's stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the completion of the transaction, the director owned 37,722,534 shares in the company, valued at $12,746,821,463.94. The trade was a 0.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark David Brazeal sold 16,558 shares of the business's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total value of $5,755,726.38. Following the transaction, the insider owned 329,302 shares of the company's stock, valued at approximately $114,468,668.22. The trade was a 4.79% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, 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 insiders.

Broadcom Stock Performance

NASDAQ AVGO opened at $327.90 on Tuesday. The company has a market cap of $1.55 trillion, a P/E ratio of 83.65, a P/E/G ratio of 1.85 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 business's 50 day moving average price is $314.46 and its 200-day moving average price is $254.25. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $374.23.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its 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 firm had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The company's revenue for the quarter was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Sell-side analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AVGO shares. KeyCorp lifted their target price on Broadcom from $330.00 to $400.00 and gave the company an "overweight" rating in a research note on Friday, September 5th. The Goldman Sachs Group reissued a "buy" rating and set a $340.00 target price on shares of Broadcom in a research note on Wednesday, August 13th. Truist Financial lifted their target price on Broadcom from $295.00 to $365.00 and gave the company a "buy" rating in a research note on Friday, September 5th. Sanford C. Bernstein lifted their target price on Broadcom from $295.00 to $400.00 and gave the company an "outperform" rating in a research note on Friday, September 5th. Finally, Oppenheimer restated an "outperform" rating and set a $360.00 price target (up previously from $325.00) on shares of Broadcom in a report on Friday, September 5th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Broadcom presently has an average rating of "Buy" and an average price target of $356.48.

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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