WestHill Financial Advisors Inc. Buys New Shares in Broadcom Inc. $AVGO

Key Points

• WestHill Financial Advisors Inc. has acquired a new stake in Broadcom Inc., purchasing 827 shares valued at approximately $228,000.
• Broadcom's insider transactions included a significant sale by Director Henry Samueli, who sold 473,898 shares for over $125 million, reducing his stake by 1.23%.
• Analyst upgrades include Arete Research, which upgraded Broadcom to a "strong-buy" rating, and Wells Fargo raising its price target to $345.00, contributing to a consensus "Buy" rating with a target price of $356.48.

WestHill Financial Advisors Inc. bought a new stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 827 shares of the semiconductor manufacturer's stock, valued at approximately $228,000.

A number of other large investors also recently modified their holdings of the company. Waddell & Associates LLC lifted its stake in shares of Broadcom by 2.1% during the 1st quarter. Waddell & Associates LLC now owns 2,091 shares of the semiconductor manufacturer's stock valued at $350,000 after buying an additional 43 shares in the last quarter. Challenger Wealth Management lifted its stake in shares of Broadcom by 1.3% during the 1st quarter. Challenger Wealth Management now owns 3,504 shares of the semiconductor manufacturer's stock valued at $587,000 after buying an additional 45 shares in the last quarter. Martingale Asset Management L P increased its holdings in Broadcom by 1.3% in the 1st quarter. Martingale Asset Management L P now owns 3,876 shares of the semiconductor manufacturer's stock valued at $649,000 after acquiring an additional 48 shares during the last quarter. Wescott Financial Advisory Group LLC increased its holdings in Broadcom by 3.8% in the 1st quarter. Wescott Financial Advisory Group LLC now owns 1,326 shares of the semiconductor manufacturer's stock valued at $222,000 after acquiring an additional 48 shares during the last quarter. Finally, Monterey Private Wealth Inc. increased its holdings in Broadcom by 1.8% in the 1st quarter. Monterey Private Wealth Inc. now owns 2,780 shares of the semiconductor manufacturer's stock valued at $465,000 after acquiring an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 76.43% of the company's stock.

Insider Transactions at Broadcom

In other news, Director Henry Samueli sold 473,898 shares of the company's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $265.33, for a total value of $125,739,356.34. Following the completion of the sale, the director owned 38,188,575 shares of the company's stock, valued at approximately $10,132,574,604.75. This represents a 1.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Justine Page sold 800 shares of the company's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $307.46, for a total transaction of $245,968.00. Following the completion of the sale, the director directly owned 23,782 shares of the company's stock, valued at $7,312,013.72. The trade was a 3.25% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have bought 3,550 shares of company stock worth $1,227,869 and have sold 793,802 shares worth $220,478,166. 2.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

AVGO has been the topic of a number of research reports. Arete Research upgraded shares of Broadcom to a "strong-buy" rating in a report on Monday, July 28th. Wells Fargo & Company lifted their price target on shares of Broadcom from $255.00 to $345.00 and gave the company an "equal weight" rating in a report on Friday, September 5th. Redburn Atlantic initiated coverage on shares of Broadcom in a report on Wednesday, May 28th. They issued a "buy" rating and a $301.00 price target on the stock. Cantor Fitzgerald reiterated an "overweight" rating and issued a $300.00 price target on shares of Broadcom in a report on Friday, June 6th. Finally, Benchmark lifted their price target on shares of Broadcom from $315.00 to $385.00 and gave the company a "buy" rating in a report on Friday, September 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $356.48.

Broadcom Stock Performance

Shares of NASDAQ:AVGO opened at $360.00 on Wednesday. The company has a market capitalization of $1.70 trillion, a price-to-earnings ratio of 91.84, a PEG ratio of 2.01 and a beta of 1.16. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $374.23. The firm's 50-day moving average is $303.88 and its 200 day moving average is $244.46. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.03. The company 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 quarterly revenue was up 22.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Research analysts predict that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd will be 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 is Monday, September 22nd. Broadcom's dividend payout ratio is presently 60.20%.

About Broadcom

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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