WealthShield Partners LLC Acquires 761 Shares of Broadcom Inc. $AVGO

WealthShield Partners LLC lifted its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 4.1% during the second quarter, Holdings Channel.com reports. The firm owned 19,481 shares of the semiconductor manufacturer’s stock after acquiring an additional 761 shares during the quarter. WealthShield Partners LLC’s holdings in Broadcom were worth $5,370,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of AVGO. Cheviot Value Management LLC bought a new stake in shares of Broadcom in the 1st quarter valued at about $25,000. Sawyer & Company Inc lifted its stake in shares of Broadcom by 62.1% in the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 36 shares during the period. Legend Financial Advisors Inc. acquired a new position in shares of Broadcom in the second quarter worth approximately $28,000. LGT Financial Advisors LLC bought a new stake in Broadcom in the second quarter valued at approximately $31,000. Finally, Greenline Partners LLC bought a new stake in Broadcom in the first quarter valued at approximately $33,000. Institutional investors own 76.43% of the company’s stock.

Insiders Place Their Bets

In other Broadcom news, insider Mark David Brazeal sold 16,558 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total value of $5,755,726.38. Following the completion of the sale, the insider owned 329,302 shares of the company’s stock, valued at approximately $114,468,668.22. This trade represents a 4.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kirsten M. Spears sold 7,498 shares of the company’s stock in a transaction that occurred on 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. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have purchased 3,550 shares of company stock valued at $1,227,869 and have sold 664,471 shares valued at $225,218,280. Insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

AVGO has been the subject of several analyst reports. Morgan Stanley set a $409.00 price target on shares of Broadcom and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Wells Fargo & Company upped their price objective on shares of Broadcom from $255.00 to $345.00 and gave the company an “equal weight” rating in a research note on Friday, September 5th. Truist Financial lifted their target price on shares of Broadcom from $295.00 to $365.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Barclays set a $450.00 price target on shares of Broadcom and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Finally, Citigroup reiterated a “buy” rating and set a $415.00 price target (up from $350.00) on shares of Broadcom in a report on Tuesday, October 14th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Broadcom has an average rating of “Buy” and a consensus price target of $372.52.

Broadcom Stock Up 0.1%

Shares of NASDAQ AVGO opened at $342.65 on Tuesday. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. The firm has a market cap of $1.62 trillion, a PE ratio of 87.41, a P/E/G ratio of 1.37 and a beta of 1.19. The company’s fifty day simple moving average is $349.03 and its 200 day simple moving average is $297.23. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $386.48.

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, beating the consensus estimate of $1.66 by $0.03. The firm had revenue of $15.95 billion for 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. As a group, sell-side analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

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

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.