Syntegra Private Wealth Group LLC Boosts Stock Holdings in Broadcom Inc. $AVGO

Syntegra Private Wealth Group LLC raised its holdings in Broadcom Inc. (NASDAQ:AVGO) by 15.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 12,713 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,665 shares during the period. Syntegra Private Wealth Group LLC’s holdings in Broadcom were worth $3,504,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. LGT Financial Advisors LLC purchased a new position in Broadcom during the second quarter valued at approximately $31,000. Triton Financial Group Inc purchased a new position in Broadcom during the second quarter valued at approximately $1,996,000. VCI Wealth Management LLC grew its stake in Broadcom by 4.2% during the second quarter. VCI Wealth Management LLC now owns 15,168 shares of the semiconductor manufacturer’s stock valued at $4,181,000 after acquiring an additional 611 shares in the last quarter. Klingman & Associates LLC grew its stake in Broadcom by 31.5% during the second quarter. Klingman & Associates LLC now owns 11,332 shares of the semiconductor manufacturer’s stock valued at $3,124,000 after acquiring an additional 2,712 shares in the last quarter. Finally, Pittenger & Anderson Inc. grew its stake in Broadcom by 0.4% during the second quarter. Pittenger & Anderson Inc. now owns 62,295 shares of the semiconductor manufacturer’s stock valued at $17,172,000 after acquiring an additional 220 shares in the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom Trading Up 2.9%

Shares of AVGO opened at $354.13 on Monday. The firm has a market cap of $1.67 trillion, a price-to-earnings ratio of 90.34, a PEG 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. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $374.23. The firm has a 50 day moving average price of $331.47 and a 200-day moving average price of $276.57.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.03. The firm had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The business’s quarterly revenue was up 22.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities research analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Monday, September 22nd. Broadcom’s dividend payout ratio is currently 60.20%.

Insider Activity at Broadcom

In related news, CEO Hock E. Tan sold 100,000 shares of the company’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $339.58, for a total transaction of $33,958,000.00. Following the completion of the sale, the chief executive officer directly owned 725,638 shares in the company, valued at $246,412,152.04. This represents a 12.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Justine Page sold 800 shares of the company’s stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $350.15, for a total transaction of $280,120.00. Following the completion of the transaction, the director owned 22,182 shares of the company’s stock, valued at $7,767,027.30. This trade represents a 3.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,464,248. 2.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently commented on AVGO. Barclays set a $450.00 price objective on shares of Broadcom and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Mizuho set a $435.00 price objective on shares of Broadcom and gave the company an “outperform” rating in a research note on Tuesday, October 21st. Argus boosted their price objective on shares of Broadcom from $285.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, September 8th. Weiss Ratings raised shares of Broadcom from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Finally, TD Cowen boosted their price target on shares of Broadcom from $355.00 to $370.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $372.52.

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.