Westwood Wealth Management Raises Stock Position in Broadcom Inc. $AVGO

Westwood Wealth Management increased its position in Broadcom Inc. (NASDAQ:AVGO) by 2.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 59,900 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,150 shares during the quarter. Broadcom makes up 4.3% of Westwood Wealth Management’s holdings, making the stock its 6th largest position. Westwood Wealth Management’s holdings in Broadcom were worth $10,029,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Broadcom by 1.3% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,226,587 shares of the semiconductor manufacturer’s stock valued at $205,367,000 after purchasing an additional 15,440 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Broadcom by 45.8% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 832,524 shares of the semiconductor manufacturer’s stock valued at $139,390,000 after purchasing an additional 261,422 shares during the period. Haverford Trust Co raised its holdings in shares of Broadcom by 4.2% in the 1st quarter. Haverford Trust Co now owns 22,312 shares of the semiconductor manufacturer’s stock valued at $3,736,000 after purchasing an additional 897 shares during the period. Crescent Park Management L.P. raised its holdings in shares of Broadcom by 0.7% in the 1st quarter. Crescent Park Management L.P. now owns 210,581 shares of the semiconductor manufacturer’s stock valued at $35,258,000 after purchasing an additional 1,508 shares during the period. Finally, Sax Wealth Advisors LLC raised its holdings in shares of Broadcom by 42.3% in the 1st quarter. Sax Wealth Advisors LLC now owns 7,953 shares of the semiconductor manufacturer’s stock valued at $1,332,000 after purchasing an additional 2,365 shares during the period. 76.43% of the stock is owned by institutional investors.

Insider Activity at Broadcom

In other news, Director Henry Samueli sold 473,898 shares of the firm’s stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $265.33, for a total transaction of $125,739,356.34. Following the transaction, the director directly owned 38,188,575 shares of the company’s stock, valued at approximately $10,132,574,604.75. This trade represents a 1.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Charlie B. Kawwas sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $252.88, for a total transaction of $2,528,800.00. Following the transaction, the insider directly owned 789,784 shares in the company, valued at $199,720,577.92. This represents a 1.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 830,516 shares of company stock valued at $217,286,457. 2.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on AVGO shares. Mizuho upped their target price on shares of Broadcom from $315.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, July 16th. HSBC raised shares of Broadcom from a “hold” rating to a “buy” rating and set a $400.00 target price on the stock in a report on Tuesday, June 24th. Piper Sandler upped their target price on shares of Broadcom from $300.00 to $315.00 and gave the company an “overweight” rating in a report on Friday. KeyCorp upped their target price on shares of Broadcom from $315.00 to $330.00 and gave the company an “overweight” rating in a report on Tuesday, July 8th. Finally, Bank of America increased their price target on shares of Broadcom from $240.00 to $300.00 and gave the company a “buy” rating in a report on Friday, June 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $298.67.

Broadcom Stock Up 1.5%

Broadcom stock opened at $294.00 on Friday. The stock has a market cap of $1.38 trillion, a P/E ratio of 110.11, a P/E/G ratio of 2.06 and a beta of 1.15. The company has a quick ratio of 0.98, a current ratio of 1.08 and a debt-to-equity ratio of 0.89. Broadcom Inc. has a twelve month low of $134.90 and a twelve month high of $317.35. The company’s 50-day moving average price is $282.85 and its two-hundred day moving average price is $232.33.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings results on Thursday, June 5th. The semiconductor manufacturer reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.01. The firm had revenue of $15 billion for the quarter, compared to analysts’ expectations of $14.98 billion. Broadcom had a net margin of 22.64% and a return on equity of 35.49%. The business’s revenue was up 20.2% on a year-over-year basis. During the same period in the prior year, the firm earned $10.96 EPS. Broadcom has set its Q3 2025 guidance at EPS. As a group, analysts expect that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 20th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Friday, June 20th. This represents a $2.36 annualized dividend and a dividend yield of 0.8%. Broadcom’s dividend payout ratio (DPR) is currently 88.39%.

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.