Vermillion & White Wealth Management Group LLC Purchases New Holdings in Broadcom Inc. $AVGO

Key Points

• Vermillion & White Wealth Management Group LLC acquired a new stake in Broadcom Inc., purchasing 2,931 shares worth approximately $491,000.
• Major institutional investors significantly increased their holdings in Broadcom during the first quarter, with PARUS FINANCE UK Ltd boosting its stake by 175.3%.
• Broadcom's stock has received multiple upgrades from analysts, with target prices rising, including a significant upgrade by HSBC to a $400 target price.

Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,931 shares of the semiconductor manufacturer's stock, valued at approximately $491,000.

Other institutional investors have also recently made changes to their positions in the company. Sunbeam Capital Management LLC purchased a new stake in shares of Broadcom during the fourth quarter valued at approximately $28,000. Vermillion Wealth Management Inc. purchased a new stake in shares of Broadcom during the fourth quarter valued at approximately $30,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Broadcom during the first quarter valued at approximately $25,000. Cheviot Value Management LLC purchased a new stake in shares of Broadcom during the first quarter valued at approximately $25,000. Finally, Inlight Wealth Management LLC bought a new position in Broadcom during the first quarter valued at approximately $26,000. Hedge funds and other institutional investors own 76.43% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on AVGO shares. The Goldman Sachs Group restated a "buy" rating and set a $340.00 price objective on shares of Broadcom in a research report on Wednesday, August 13th. Rosenblatt Securities increased their price objective on shares of Broadcom from $223.00 to $340.00 and gave the company a "buy" rating in a research report on Friday, June 6th. Susquehanna increased their price objective on shares of Broadcom from $280.00 to $300.00 and gave the company a "positive" rating in a research report on Friday, June 6th. Cowen restated a "buy" rating on shares of Broadcom in a research report on Friday, June 6th. Finally, Benchmark increased their price target on shares of Broadcom from $255.00 to $315.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $301.79.

Insiders Place Their Bets

In other Broadcom news, insider Charlie B. Kawwas sold 10,000 shares of Broadcom stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $252.88, for a total value of $2,528,800.00. Following the completion of the transaction, the insider directly owned 789,784 shares of the company's stock, valued at $199,720,577.92. This trade represents a 1.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Henry Samueli sold 473,898 shares of Broadcom stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $265.33, for a total transaction of $125,739,356.34. Following the completion of the transaction, the director directly owned 38,188,575 shares of the company's stock, valued at $10,132,574,604.75. The trade was a 1.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 830,516 shares of company stock worth $217,286,457. Insiders own 2.00% of the company's stock.

Broadcom Price Performance

AVGO traded down $11.26 during trading on Monday, hitting $297.39. 21,581,160 shares of the company traded hands, compared to its average volume of 17,630,644. The company has a market cap of $1.40 trillion, a PE ratio of 111.38, a P/E/G ratio of 2.11 and a beta of 1.16. The stock's 50-day simple moving average is $287.74 and its two-hundred day simple moving average is $234.66. Broadcom Inc. has a 1 year low of $134.90 and a 1 year high of $317.35. The company has a current ratio of 1.08, a quick ratio of 0.98 and a debt-to-equity ratio of 0.89.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted 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. The company had revenue of $15 billion during the quarter, compared to analysts' expectations of $14.98 billion. Broadcom had a net margin of 22.64% and a return on equity of 35.49%. Broadcom's quarterly revenue was up 20.2% on a year-over-year basis. During the same period last year, the company posted $10.96 earnings per share. Broadcom has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 20th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, June 20th. Broadcom's dividend payout ratio (DPR) 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.