Broadcom Inc. $AVGO Shares Bought by MJP Associates Inc. ADV

MJP Associates Inc. ADV increased its holdings in Broadcom Inc. (NASDAQ:AVGO) by 6.9% during the second quarter, Holdings Channel reports. The firm owned 6,841 shares of the semiconductor manufacturer’s stock after purchasing an additional 440 shares during the period. MJP Associates Inc. ADV’s holdings in Broadcom were worth $1,886,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Cetera Investment Advisers boosted its holdings in Broadcom by 5.9% during the second quarter. Cetera Investment Advisers now owns 1,171,952 shares of the semiconductor manufacturer’s stock worth $323,049,000 after buying an additional 65,696 shares in the last quarter. Fusion Capital LLC bought a new position in shares of Broadcom in the second quarter valued at $302,000. CWS Financial Advisors LLC acquired a new stake in shares of Broadcom during the 2nd quarter valued at $227,000. New England Capital Financial Advisors LLC bought a new stake in shares of Broadcom during the 2nd quarter worth $31,000. Finally, WealthShield Partners LLC boosted its stake in shares of Broadcom by 4.1% during the 2nd quarter. WealthShield Partners LLC now owns 19,481 shares of the semiconductor manufacturer’s stock worth $5,370,000 after acquiring an additional 761 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AVGO. Arete Research raised Broadcom to a “strong-buy” rating in a research report on Monday, July 28th. Wells Fargo & Company lifted their price target on Broadcom from $255.00 to $345.00 and gave the stock an “equal weight” rating in a research note on Friday, September 5th. Piper Sandler upped their price objective on shares of Broadcom from $315.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. Deutsche Bank Aktiengesellschaft set a $400.00 target price on shares of Broadcom and gave the stock a “buy” rating in a report on Tuesday, October 14th. Finally, TD Cowen lifted their target price on shares of Broadcom from $355.00 to $370.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Broadcom has an average rating of “Buy” and an average target price of $372.52.

Broadcom Price Performance

Shares of AVGO opened at $342.65 on Tuesday. The business’s 50-day moving average is $349.03 and its 200-day moving average is $297.23. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. The company has a market capitalization of $1.62 trillion, a price-to-earnings ratio of 87.41, a P/E/G ratio of 1.37 and a beta of 1.19. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $386.48.

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

Broadcom Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, September 22nd. Broadcom’s dividend payout ratio (DPR) is currently 60.20%.

Insider Activity

In other news, Director Henry Samueli sold 368,797 shares of the firm’s stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the completion of the sale, the director directly owned 37,722,534 shares of the company’s stock, valued at $12,746,821,463.94. This trade represents a 0.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Justine Page sold 800 shares of Broadcom stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $350.15, for a total value of $280,120.00. Following the sale, the director owned 22,182 shares of the company’s stock, valued at approximately $7,767,027.30. This represents a 3.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have acquired 3,550 shares of company stock valued at $1,227,869 and have sold 664,471 shares valued at $225,218,280. Company insiders own 2.00% of the company’s stock.

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.