Jackson Thornton Wealth Management LLC Buys 279 Shares of Broadcom Inc. $AVGO

Jackson Thornton Wealth Management LLC boosted its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 6.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,483 shares of the semiconductor manufacturer’s stock after buying an additional 279 shares during the period. Jackson Thornton Wealth Management LLC’s holdings in Broadcom were worth $1,218,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. DecisionMap Wealth Management LLC increased its position in Broadcom by 3.4% during the 2nd quarter. DecisionMap Wealth Management LLC now owns 3,490 shares of the semiconductor manufacturer’s stock valued at $962,000 after buying an additional 114 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Broadcom by 2.4% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 312,801 shares of the semiconductor manufacturer’s stock worth $86,220,000 after purchasing an additional 7,342 shares in the last quarter. Whittier Trust Co. increased its holdings in shares of Broadcom by 8.1% in the 2nd quarter. Whittier Trust Co. now owns 763,829 shares of the semiconductor manufacturer’s stock worth $210,541,000 after purchasing an additional 56,963 shares in the last quarter. Lafayette Investments Inc. increased its holdings in shares of Broadcom by 15.9% in the 2nd quarter. Lafayette Investments Inc. now owns 6,030 shares of the semiconductor manufacturer’s stock worth $1,662,000 after purchasing an additional 825 shares in the last quarter. Finally, Divergent Planning LLC bought a new stake in shares of Broadcom in the 2nd quarter worth $8,904,000. Institutional investors own 76.43% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Kirsten M. Spears sold 7,498 shares of the business’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total value of $2,606,754.68. Following the transaction, the chief financial officer directly owned 313,330 shares in the company, valued at $108,932,307.80. The trade was a 2.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark David Brazeal sold 16,558 shares of the business’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 transaction, the insider 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. Over the last ninety days, insiders bought 3,550 shares of company stock valued at $1,227,869 and sold 665,271 shares valued at $225,464,248. Insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

AVGO has been the subject of a number of research analyst reports. Macquarie initiated coverage on Broadcom in a report on Monday, September 15th. They issued an “outperform” rating and a $420.00 target price for the company. TD Cowen lifted their target price on Broadcom from $355.00 to $370.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Arete Research raised Broadcom to a “strong-buy” rating in a report on Monday, July 28th. Wall Street Zen lowered Broadcom from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $360.00 price objective (up previously from $325.00) on shares of Broadcom in a report on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Broadcom currently has an average rating of “Buy” and a consensus target price of $372.52.

Broadcom Price Performance

NASDAQ AVGO opened at $354.13 on Monday. The company has a market capitalization of $1.67 trillion, a PE ratio of 90.34, a price-to-earnings-growth ratio of 1.99 and a beta of 1.20. 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 business’s fifty day moving average is $331.47 and its 200 day moving average is $276.57. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $374.23.

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

Broadcom Dividend Announcement

The firm also recently disclosed 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 was Monday, September 22nd. Broadcom’s payout ratio is presently 60.20%.

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.