Valeo Financial Advisors LLC Raises Position in Broadcom Inc. $AVGO

Valeo Financial Advisors LLC increased its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 2,171.0% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,378,356 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,317,661 shares during the period. Broadcom makes up approximately 1.2% of Valeo Financial Advisors LLC’s holdings, making the stock its 16th largest holding. Valeo Financial Advisors LLC’s holdings in Broadcom were worth $379,944,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nuveen LLC acquired a new stake in Broadcom during the 1st quarter valued at $6,649,117,000. Price T Rowe Associates Inc. MD boosted its position in Broadcom by 37.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer’s stock valued at $10,968,270,000 after buying an additional 17,985,046 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Broadcom by 16.7% in the first quarter. Goldman Sachs Group Inc. now owns 31,854,414 shares of the semiconductor manufacturer’s stock worth $5,333,384,000 after acquiring an additional 4,550,647 shares in the last quarter. Deutsche Bank AG lifted its stake in shares of Broadcom by 36.9% in the first quarter. Deutsche Bank AG now owns 15,758,895 shares of the semiconductor manufacturer’s stock worth $2,638,512,000 after acquiring an additional 4,245,345 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in shares of Broadcom by 16.0% in the first quarter. Alliancebernstein L.P. now owns 29,513,814 shares of the semiconductor manufacturer’s stock worth $4,941,498,000 after acquiring an additional 4,077,910 shares in the last quarter. 76.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AVGO. Truist Financial lifted their price objective on Broadcom from $295.00 to $365.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Broadcom from $300.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Oppenheimer reiterated an “outperform” rating and set a $360.00 price objective (up from $325.00) on shares of Broadcom in a research note on Friday, September 5th. Mizuho upped their target price on shares of Broadcom from $355.00 to $410.00 and gave the company an “outperform” rating in a research note on Friday, September 12th. Finally, Barclays upped their target price on shares of Broadcom from $265.00 to $400.00 and gave the company an “overweight” 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 MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $357.22.

Broadcom Trading Down 5.9%

Shares of NASDAQ AVGO opened at $324.63 on Friday. The company has a market cap of $1.53 trillion, a price-to-earnings ratio of 82.81, a price-to-earnings-growth ratio of 1.91 and a beta of 1.20. Broadcom Inc. has a 12-month low of $138.10 and a 12-month 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’s 50 day simple moving average is $322.64 and its 200 day simple moving average is $262.37.

Broadcom (NASDAQ:AVGO) last issued its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $15.82 billion. During the same period last year, the company earned $1.24 earnings per share. The firm’s revenue for the quarter was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. Equities research analysts expect that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

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

Insider Activity

In related news, insider Charlie B. Kawwas sold 3,893 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total value of $1,354,063.26. Following the sale, the insider directly owned 25,295 shares in the company, valued at $8,798,106.90. This trade represents a 13.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kirsten M. Spears sold 7,498 shares of the stock in a transaction 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 completion of the transaction, the chief financial officer directly owned 313,330 shares of the company’s stock, valued at approximately $108,932,307.80. The trade was a 2.34% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders acquired 3,550 shares of company stock worth $1,227,869 and sold 666,071 shares worth $225,623,008. Company insiders own 2.00% of the company’s stock.

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.