Wealth Alliance Advisory Group LLC Buys 2,951 Shares of Broadcom Inc. $AVGO

Key Points

• Wealth Alliance Advisory Group LLC increased its stake in Broadcom Inc. by 17.4%, acquiring an additional 2,951 shares, bringing its total holdings to 19,956 shares valued at approximately $5.5 million.
• Analysts have recently upgraded Broadcom's stock ratings, with price targets ranging from $330.00 to $400.00, and a consensus buy rating from analysts.
• Broadcom has reported a 22% increase in revenue year-over-year and declared a quarterly dividend of $0.59, with payment scheduled for September 30th.

Wealth Alliance Advisory Group LLC raised its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 17.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,956 shares of the semiconductor manufacturer's stock after purchasing an additional 2,951 shares during the period. Broadcom accounts for approximately 1.0% of Wealth Alliance Advisory Group LLC's investment portfolio, making the stock its 23rd biggest position. Wealth Alliance Advisory Group LLC's holdings in Broadcom were worth $5,501,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of AVGO. Brighton Jones LLC raised its position in shares of Broadcom by 21.8% in the 4th quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer's stock worth $6,882,000 after acquiring an additional 5,322 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of Broadcom by 10.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer's stock worth $1,854,000 after acquiring an additional 756 shares in the last quarter. Bank Pictet & Cie Europe AG raised its position in shares of Broadcom by 16.4% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 221,199 shares of the semiconductor manufacturer's stock worth $51,283,000 after acquiring an additional 31,225 shares in the last quarter. Stuart Chaussee & Associates Inc. raised its position in shares of Broadcom by 113.6% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 470 shares of the semiconductor manufacturer's stock worth $109,000 after acquiring an additional 250 shares in the last quarter. Finally, Strive Asset Management LLC bought a new position in shares of Broadcom in the 4th quarter worth about $229,000. 76.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on AVGO. KeyCorp lifted their price objective on Broadcom from $330.00 to $400.00 and gave the stock an "overweight" rating in a research report on Friday, September 5th. TD Cowen lifted their price objective on Broadcom from $355.00 to $370.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. Wall Street Zen raised Broadcom from a "hold" rating to a "buy" rating in a research report on Saturday, September 6th. Erste Group Bank raised Broadcom from a "hold" rating to a "buy" rating in a research report on Thursday, June 5th. Finally, Citigroup lifted their price objective on Broadcom from $315.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Broadcom has a consensus rating of "Buy" and a consensus target price of $354.04.

Broadcom Stock Performance

Shares of Broadcom stock opened at $359.87 on Monday. Broadcom Inc. has a one year low of $138.10 and a one year high of $374.23. The firm has a market capitalization of $1.70 trillion, a price-to-earnings ratio of 91.80, a PEG ratio of 1.99 and a beta of 1.16. The business has a 50-day simple moving average of $300.31 and a 200 day simple moving average of $242.50. 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 (NASDAQ:AVGO - Get Free Report) last issued its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating 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 business had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.82 billion. During the same period in the previous year, the company posted $1.24 EPS. The firm's revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. On average, research analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd will be paid 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 60.20%.

Insider Buying and Selling at Broadcom

In other Broadcom news, insider Mark David Brazeal sold 50,000 shares of Broadcom stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $253.28, for a total transaction of $12,664,000.00. Following the completion of the transaction, the insider owned 415,956 shares in the company, valued at approximately $105,353,335.68. The trade was a 10.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Hock E. Tan sold 148,154 shares of Broadcom stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $336.67, for a total value of $49,879,007.18. Following the transaction, the chief executive officer owned 825,998 shares of the company's stock, valued at $278,088,746.66. This trade represents a 15.21% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have acquired 3,550 shares of company stock worth $1,227,869 and have sold 850,112 shares worth $234,654,209. Company insiders own 2.00% of the company's stock.

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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