Frazier Financial Advisors LLC Purchases 89 Shares of Broadcom Inc. $AVGO

Frazier Financial Advisors LLC lifted its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 19.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 553 shares of the semiconductor manufacturer’s stock after acquiring an additional 89 shares during the quarter. Frazier Financial Advisors LLC’s holdings in Broadcom were worth $152,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB raised its position in shares of Broadcom by 0.7% during the second quarter. Wilmington Savings Fund Society FSB now owns 74,165 shares of the semiconductor manufacturer’s stock worth $20,444,000 after acquiring an additional 518 shares during the last quarter. Founders Grove Wealth Partners LLC raised its position in shares of Broadcom by 50.4% during the second quarter. Founders Grove Wealth Partners LLC now owns 2,003 shares of the semiconductor manufacturer’s stock worth $552,000 after acquiring an additional 671 shares during the last quarter. Morningstar Investment Management LLC raised its position in shares of Broadcom by 32.9% during the second quarter. Morningstar Investment Management LLC now owns 64,316 shares of the semiconductor manufacturer’s stock worth $17,729,000 after acquiring an additional 15,918 shares during the last quarter. Harbour Trust & Investment Management Co raised its position in shares of Broadcom by 7.8% during the second quarter. Harbour Trust & Investment Management Co now owns 2,356 shares of the semiconductor manufacturer’s stock worth $649,000 after acquiring an additional 171 shares during the last quarter. Finally, Jordan Park Trust Co LLC bought a new stake in shares of Broadcom during the second quarter worth $219,000. Institutional investors own 76.43% of the company’s stock.

Broadcom Stock Down 0.0%

NASDAQ:AVGO opened at $349.24 on Tuesday. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $374.23. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. The stock has a market cap of $1.65 trillion, a price-to-earnings ratio of 89.09, a PEG ratio of 1.97 and a beta of 1.20. The stock has a 50-day moving average price of $328.64 and a two-hundred day moving average price of $271.47.

Broadcom (NASDAQ:AVGO) last posted its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the firm earned $1.24 earnings per share. The company’s revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were given 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 of this dividend was Monday, September 22nd. Broadcom’s dividend payout ratio is currently 60.20%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Oppenheimer restated an “outperform” rating and set a $360.00 target price (up previously from $325.00) on shares of Broadcom in a research report on Friday, September 5th. Sanford C. Bernstein lifted their price objective on Broadcom from $295.00 to $400.00 and gave the stock an “outperform” rating in a research note on Friday, September 5th. KeyCorp set a $460.00 price objective on Broadcom in a research note on Monday, October 13th. Bank of America lifted their price objective on Broadcom from $300.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Finally, JPMorgan Chase & Co. lifted their price objective on Broadcom from $325.00 to $400.00 and gave the stock an “overweight” rating in a research note on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $372.33.

Insider Activity at Broadcom

In other news, insider Charlie B. Kawwas sold 3,893 shares of the company’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the completion of the transaction, the insider directly owned 25,295 shares of the company’s stock, valued at $8,798,106.90. This represents a 13.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Hock E. Tan sold 148,154 shares of the company’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $336.67, for a total value of $49,879,007.18. Following the transaction, the chief executive officer directly owned 825,998 shares of the company’s stock, valued at $278,088,746.66. This represents a 15.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 3,550 shares of company stock valued at $1,227,869 and sold 665,271 shares valued at $225,464,248. 2.00% of the stock is currently owned by corporate 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.