Broadcom Inc. $AVGO Shares Acquired by Winthrop Advisory Group LLC

Winthrop Advisory Group LLC grew its stake in Broadcom Inc. (NASDAQ:AVGO) by 1.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,798 shares of the semiconductor manufacturer’s stock after buying an additional 121 shares during the quarter. Winthrop Advisory Group LLC’s holdings in Broadcom were worth $1,874,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of AVGO. Brighton Jones LLC increased its stake in shares of Broadcom by 21.8% in the 4th quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock valued at $6,882,000 after purchasing an additional 5,322 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Broadcom by 10.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock valued at $1,854,000 after purchasing an additional 756 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Broadcom by 9.2% in the 1st quarter. GAMMA Investing LLC now owns 103,184 shares of the semiconductor manufacturer’s stock valued at $17,276,000 after purchasing an additional 8,672 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in shares of Broadcom by 1,023.7% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 252,450 shares of the semiconductor manufacturer’s stock valued at $42,267,000 after purchasing an additional 229,985 shares in the last quarter. Finally, Grant Private Wealth Management Inc increased its stake in shares of Broadcom by 5.8% in the 1st quarter. Grant Private Wealth Management Inc now owns 8,529 shares of the semiconductor manufacturer’s stock valued at $1,418,000 after purchasing an additional 467 shares in the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Hock E. Tan sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $339.58, for a total value of $33,958,000.00. Following the completion of the sale, the chief executive officer directly owned 725,638 shares in the company, valued at $246,412,152.04. This represents a 12.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mark David Brazeal sold 16,558 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The shares were 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 $114,468,668.22. This trade represents a 4.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 3,550 shares of company stock valued at $1,227,869 and sold 664,471 shares valued at $225,184,128. 2.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

AVGO has been the subject of several recent analyst reports. HSBC upgraded Broadcom from a “hold” rating to a “buy” rating and set a $400.00 price target for the company in a research note on Tuesday, June 24th. Wall Street Zen upgraded Broadcom from a “hold” rating to a “buy” rating in a research note on Saturday, September 6th. Truist Financial lifted their price target on Broadcom from $295.00 to $365.00 and gave the company a “buy” rating in a research note on Friday, September 5th. JPMorgan Chase & Co. boosted 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. Finally, Piper Sandler boosted 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. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $357.22.

Broadcom Price Performance

NASDAQ:AVGO opened at $324.63 on Monday. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $374.23. The stock has a 50 day moving average of $322.64 and a two-hundred day moving average of $263.58. 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 firm has a market cap of $1.53 trillion, a P/E ratio of 82.81, a price-to-earnings-growth ratio of 1.80 and a beta of 1.20.

Broadcom (NASDAQ:AVGO) last posted its quarterly 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. The business had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The business’s revenue was up 22.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. On average, analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

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

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.