Broadcom Inc. $AVGO Shares Bought by BIP Wealth LLC

BIP Wealth LLC lifted its stake in Broadcom Inc. (NASDAQ:AVGO) by 2.9% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 6,495 shares of the semiconductor manufacturer’s stock after acquiring an additional 180 shares during the quarter. BIP Wealth LLC’s holdings in Broadcom were worth $1,790,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of AVGO. Brighton Jones LLC boosted its position in shares of Broadcom by 21.8% in the fourth 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 period. Revolve Wealth Partners LLC boosted its holdings in Broadcom by 10.4% in the fourth 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. Golden State Wealth Management LLC boosted its holdings in Broadcom by 6.4% in the first quarter. Golden State Wealth Management LLC now owns 15,852 shares of the semiconductor manufacturer’s stock valued at $2,654,000 after purchasing an additional 954 shares during the last quarter. Pictet North America Advisors SA increased its position in shares of Broadcom by 89.6% in the 1st quarter. Pictet North America Advisors SA now owns 24,857 shares of the semiconductor manufacturer’s stock worth $4,162,000 after purchasing an additional 11,746 shares during the last quarter. Finally, Harbour Trust & Investment Management Co increased its position in shares of Broadcom by 18.0% in the 1st quarter. Harbour Trust & Investment Management Co now owns 2,185 shares of the semiconductor manufacturer’s stock worth $366,000 after purchasing an additional 333 shares during the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on AVGO shares. Arete Research upgraded Broadcom to a “strong-buy” rating in a research report on Monday, July 28th. Morgan Stanley set a $409.00 target price on Broadcom and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Benchmark raised their target price on Broadcom from $315.00 to $385.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Bank of America raised their target price on Broadcom from $300.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Finally, TD Cowen raised their target price on Broadcom from $355.00 to $370.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Three equities research 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 company’s stock. According to data from MarketBeat.com, Broadcom presently has an average rating of “Buy” and a consensus price target of $372.52.

Broadcom Stock Down 2.5%

Shares of AVGO stock opened at $376.47 on Friday. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $386.48. The stock has a market cap of $1.78 trillion, a PE ratio of 96.04, a price-to-earnings-growth ratio of 2.17 and a beta of 1.20. The business’s fifty day moving average is $337.79 and its 200-day moving average is $281.31. 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 (NASDAQ:AVGO) last issued its quarterly earnings results 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. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The company had revenue of $15.95 billion for the quarter, compared to analysts’ expectations of $15.82 billion. During the same period last year, the firm earned $1.24 EPS. The firm’s revenue for the quarter was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. Equities analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.36 annualized dividend and a dividend yield of 0.6%. Broadcom’s dividend payout ratio (DPR) is currently 60.20%.

Insider Buying and Selling at Broadcom

In other news, CEO Hock E. Tan sold 100,000 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The stock was 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 of the company’s stock, valued at $246,412,152.04. This trade represents a 12.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Henry Samueli sold 368,797 shares of the firm’s stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total value of $124,620,194.27. Following the sale, the director directly owned 37,722,534 shares of the company’s stock, valued at approximately $12,746,821,463.94. This represents a 0.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, 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 insiders.

Broadcom Company 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.