Bulltick Wealth Management LLC Has $6.87 Million Stock Position in Broadcom Inc. $AVGO

Bulltick Wealth Management LLC lifted its holdings in Broadcom Inc. (NASDAQ:AVGO) by 200.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,905 shares of the semiconductor manufacturer’s stock after purchasing an additional 16,603 shares during the period. Broadcom accounts for about 1.7% of Bulltick Wealth Management LLC’s investment portfolio, making the stock its 17th biggest holding. Bulltick Wealth Management LLC’s holdings in Broadcom were worth $6,865,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Cheviot Value Management LLC acquired a new position in shares of Broadcom during the 1st quarter valued at about $25,000. Sawyer & Company Inc lifted its holdings in Broadcom by 62.1% in the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 36 shares during the last quarter. Legend Financial Advisors Inc. bought a new stake in Broadcom during the second quarter worth approximately $28,000. LGT Financial Advisors LLC acquired a new position in Broadcom during the second quarter valued at approximately $31,000. Finally, New England Capital Financial Advisors LLC bought a new position in shares of Broadcom in the second quarter valued at approximately $31,000. 76.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Henry Samueli sold 368,797 shares of the company’s stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $337.91, for a total value of $124,620,194.27. Following the sale, the director owned 37,722,534 shares of the company’s stock, valued at $12,746,821,463.94. The trade was a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Kirsten M. Spears sold 7,498 shares of the stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total transaction of $2,606,754.68. Following the completion of the transaction, the chief financial officer directly owned 313,330 shares of the company’s stock, valued at $108,932,307.80. This trade represents a 2.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have acquired 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,483,192. Corporate insiders own 2.00% of the company’s stock.

Broadcom Stock Down 0.6%

AVGO stock opened at $340.50 on Wednesday. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $386.48. 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 company has a market cap of $1.61 trillion, a PE ratio of 86.86, a price-to-earnings-growth ratio of 1.37 and a beta of 1.19. The business’s 50-day simple moving average is $349.10 and its 200 day simple moving average is $298.19.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 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 firm had revenue of $15.95 billion during the quarter, compared to analysts’ expectations of $15.82 billion. During the same quarter in the prior year, the firm posted $1.24 EPS. The company’s revenue for the quarter was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. On average, research analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The firm 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. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, September 22nd. Broadcom’s payout ratio is 60.20%.

Analyst Ratings Changes

A number of analysts have recently weighed in on AVGO shares. Sanford C. Bernstein boosted their price objective on shares of Broadcom from $295.00 to $400.00 and gave the stock an “outperform” rating in a research note on Friday, September 5th. Rosenblatt Securities boosted their target price on shares of Broadcom from $340.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $340.00 price target on shares of Broadcom in a research report on Wednesday, August 13th. Piper Sandler lifted their price objective on Broadcom from $315.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, September 5th. Finally, Benchmark increased their target price on Broadcom from $315.00 to $385.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Three 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target 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.