Wealthcare Advisory Partners LLC Buys 2,736 Shares of Broadcom Inc. $AVGO

Key Points

• Wealthcare Advisory Partners LLC increased its holdings in Broadcom Inc. by 6.0%, acquiring an additional 2,736 shares, bringing its total to 48,134 shares worth approximately $13.27 million.
• Insiders at Broadcom sold a significant number of shares recently, with one insider divesting 16,558 shares for over $5.75 million, representing a 4.79% decrease in their ownership.
• Broadcom recently reported a quarterly earnings beat with $1.69 EPS and revenue of $15.95 billion, surpassing analysts' expectations, and has set a current-year EPS estimate of **$5.38**.

Wealthcare Advisory Partners LLC raised its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 6.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,134 shares of the semiconductor manufacturer's stock after buying an additional 2,736 shares during the period. Wealthcare Advisory Partners LLC's holdings in Broadcom were worth $13,268,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in AVGO. Brighton Jones LLC increased its holdings 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 buying an additional 5,322 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of 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 last quarter. GAMMA Investing LLC grew its holdings in shares of Broadcom by 9.2% during the 1st quarter. GAMMA Investing LLC now owns 103,184 shares of the semiconductor manufacturer's stock valued at $17,276,000 after purchasing an additional 8,672 shares during the last quarter. Capital Advisory Group Advisory Services LLC grew its holdings in shares of Broadcom by 53.6% during the 1st quarter. Capital Advisory Group Advisory Services LLC now owns 2,365 shares of the semiconductor manufacturer's stock valued at $396,000 after purchasing an additional 825 shares during the last quarter. Finally, Noble Wealth Management PBC grew its holdings in shares of Broadcom by 9.7% during the 1st quarter. Noble Wealth Management PBC now owns 845 shares of the semiconductor manufacturer's stock valued at $141,000 after purchasing an additional 75 shares during the last quarter. Institutional investors own 76.43% of the company's stock.

Insider Transactions at Broadcom

In other news, insider Mark David Brazeal sold 16,558 shares of the firm's stock in a transaction dated 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 completion of the sale, the insider directly owned 329,302 shares of the company's stock, valued at approximately $114,468,668.22. This trade represents a 4.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Charlie B. Kawwas sold 3,893 shares of the firm's stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the completion of the sale, the insider directly owned 25,295 shares of the company's stock, valued at approximately $8,798,106.90. This represents a 13.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders bought 3,550 shares of company stock worth $1,227,869 and sold 666,071 shares worth $225,623,008. 2.00% of the stock is currently owned by company insiders.

Broadcom Trading Down 0.1%

Shares of AVGO opened at $345.02 on Friday. The stock has a market capitalization of $1.63 trillion, a P/E ratio of 88.02, a PEG ratio of 1.91 and a beta of 1.20. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. The firm has a fifty day simple moving average of $321.92 and a two-hundred day simple moving average of $261.43. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $374.23.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly 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 business had revenue of $15.95 billion during the quarter, compared to analysts' expectations of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The firm's revenue for the quarter was up 22.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. On average, research analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, September 22nd. Broadcom's dividend payout ratio (DPR) is currently 60.20%.

Wall Street Analyst Weigh In

AVGO has been the topic of several recent research reports. Arete Research raised shares of Broadcom to a "strong-buy" rating in a report on Monday, July 28th. Sanford C. Bernstein increased their target price on shares of Broadcom from $295.00 to $400.00 and gave the company an "outperform" rating in a report on Friday, September 5th. UBS Group increased their target price on shares of Broadcom from $290.00 to $345.00 and gave the company a "buy" rating in a report on Monday, August 25th. Mizuho increased their target price on shares of Broadcom from $355.00 to $410.00 and gave the company an "outperform" rating in a report on Friday, September 12th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and set a $340.00 target price on shares of Broadcom in a report on Wednesday, August 13th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $357.22.

Broadcom 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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