M3 Advisory Group LLC Purchases 497 Shares of Broadcom Inc. $AVGO

M3 Advisory Group LLC boosted its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 9.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,633 shares of the semiconductor manufacturer’s stock after purchasing an additional 497 shares during the quarter. Broadcom comprises 1.1% of M3 Advisory Group LLC’s holdings, making the stock its 23rd biggest position. M3 Advisory Group LLC’s holdings in Broadcom were worth $1,553,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AVGO. Barnes Dennig Private Wealth Management LLC bought a new stake in Broadcom during the 1st quarter worth about $25,000. Cheviot Value Management LLC bought a new stake in Broadcom during the 1st quarter worth about $25,000. Inlight Wealth Management LLC bought a new stake in Broadcom during the 1st quarter worth about $26,000. Sawyer & Company Inc raised its holdings in Broadcom by 62.1% during 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. Finally, Legend Financial Advisors Inc. bought a new stake in shares of Broadcom in the 2nd quarter valued at about $28,000. 76.43% of the stock is owned by institutional investors.

Insider Activity

In other Broadcom news, Director Henry Samueli sold 368,797 shares of the company’s stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the completion of the transaction, the director owned 37,722,534 shares of the company’s stock, valued at $12,746,821,463.94. This represents a 0.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Charlie B. Kawwas sold 3,893 shares of the company’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 transaction, the insider directly owned 25,295 shares of the company’s stock, valued at approximately $8,798,106.90. This trade represents a 13.34% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,464,248. Insiders own 2.00% of the company’s stock.

Broadcom Price Performance

NASDAQ AVGO opened at $349.33 on Friday. The business has a 50 day simple moving average of $327.73 and a 200 day simple moving average of $269.24. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $374.23. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. The stock has a market cap of $1.65 trillion, a price-to-earnings ratio of 89.11, a PEG ratio of 1.97 and a beta of 1.20.

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, topping 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 business had revenue of $15.95 billion during the quarter, compared to analysts’ expectations of $15.82 billion. During the same period in the prior year, the business earned $1.24 EPS. Broadcom’s revenue for the quarter was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. Analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors 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 dividend payout ratio is presently 60.20%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on AVGO shares. Weiss Ratings cut Broadcom from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Citigroup reaffirmed a “buy” rating and issued a $415.00 price target (up from $350.00) on shares of Broadcom in a research note on Tuesday. TD Cowen upped their price target on Broadcom from $355.00 to $370.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Morgan Stanley set a $409.00 price target on Broadcom and gave the company an “overweight” rating in a research note on Tuesday. Finally, Rosenblatt Securities upped their price target on Broadcom from $340.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $372.33.

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.