Broadcom Inc. $AVGO Holdings Increased by Kingsman Wealth Management Inc.

Kingsman Wealth Management Inc. grew its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 63.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,370 shares of the semiconductor manufacturer’s stock after buying an additional 1,310 shares during the quarter. Broadcom comprises 0.6% of Kingsman Wealth Management Inc.’s holdings, making the stock its 28th biggest position. Kingsman Wealth Management Inc.’s holdings in Broadcom were worth $929,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. AAFMAA Wealth Management & Trust LLC raised its position in shares of Broadcom by 2.6% during the 2nd quarter. AAFMAA Wealth Management & Trust LLC now owns 15,211 shares of the semiconductor manufacturer’s stock worth $4,193,000 after buying an additional 383 shares in the last quarter. Register Financial Advisors LLC raised its position in shares of Broadcom by 156.5% during the 2nd quarter. Register Financial Advisors LLC now owns 9,458 shares of the semiconductor manufacturer’s stock worth $2,607,000 after buying an additional 5,770 shares in the last quarter. Essex Financial Services Inc. raised its position in shares of Broadcom by 6.4% during the 2nd quarter. Essex Financial Services Inc. now owns 20,268 shares of the semiconductor manufacturer’s stock worth $5,587,000 after buying an additional 1,220 shares in the last quarter. Perigon Wealth Management LLC raised its holdings in shares of Broadcom by 0.9% in the 2nd quarter. Perigon Wealth Management LLC now owns 153,695 shares of the semiconductor manufacturer’s stock worth $42,366,000 after purchasing an additional 1,437 shares in the last quarter. Finally, Pacific Sage Partners LLC bought a new stake in shares of Broadcom in the 2nd quarter worth approximately $272,000. 76.43% of the stock is currently owned by institutional investors.

Broadcom Trading Down 0.5%

NASDAQ AVGO opened at $334.53 on Friday. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $374.23. 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 stock has a market cap of $1.58 trillion, a price-to-earnings ratio of 85.34, a PEG ratio of 1.85 and a beta of 1.16. The firm’s 50 day moving average price is $313.66 and its two-hundred day moving average price is $252.89.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings data 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 net margin of 31.59% and a return on equity of 36.60%. The firm had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $15.82 billion. During the same period in the previous year, the firm posted $1.24 earnings per share. The firm’s revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. Equities analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 22nd will be given a dividend of $0.59 per share. The ex-dividend date of this dividend 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%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on AVGO shares. Citigroup boosted their target price on shares of Broadcom from $315.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, September 5th. The Goldman Sachs Group reiterated a “buy” rating and issued a $340.00 target price on shares of Broadcom in a report on Wednesday, August 13th. Benchmark boosted their target price on shares of Broadcom from $315.00 to $385.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Truist Financial boosted their target price on shares of Broadcom from $295.00 to $365.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Finally, Barclays boosted their target price on shares of Broadcom from $265.00 to $400.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $356.48.

Insider Activity

In related news, Director Henry Samueli sold 368,797 shares of the business’s stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the transaction, the director directly owned 37,722,534 shares of the company’s stock, valued at approximately $12,746,821,463.94. The trade was a 0.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Mark David Brazeal sold 16,558 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the transaction, the insider directly owned 329,302 shares in the company, valued at $114,468,668.22. The trade was a 4.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders bought 3,550 shares of company stock valued at $1,227,869 and sold 666,071 shares valued at $225,623,008. Company insiders own 2.00% of the company’s stock.

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.