BXM Wealth LLC Has $3.97 Million Position in Broadcom Inc. $AVGO

BXM Wealth LLC decreased its position in Broadcom Inc. (NASDAQ:AVGO) by 6.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,396 shares of the semiconductor manufacturer’s stock after selling 1,017 shares during the quarter. Broadcom makes up 4.7% of BXM Wealth LLC’s portfolio, making the stock its 3rd biggest position. BXM Wealth LLC’s holdings in Broadcom were worth $3,968,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Stratos Wealth Advisors LLC grew its stake in shares of Broadcom by 8.0% in the second quarter. Stratos Wealth Advisors LLC now owns 8,352 shares of the semiconductor manufacturer’s stock worth $2,302,000 after acquiring an additional 619 shares during the last quarter. Private Trust Co. NA grew its stake in shares of Broadcom by 7.2% in the second quarter. Private Trust Co. NA now owns 48,479 shares of the semiconductor manufacturer’s stock worth $13,363,000 after acquiring an additional 3,262 shares during the last quarter. Angeles Wealth Management LLC grew its stake in shares of Broadcom by 23.0% in the second quarter. Angeles Wealth Management LLC now owns 19,329 shares of the semiconductor manufacturer’s stock worth $5,328,000 after acquiring an additional 3,617 shares during the last quarter. Vectors Research Management LLC purchased a new stake in shares of Broadcom in the second quarter worth $311,000. Finally, Applied Finance Capital Management LLC grew its stake in shares of Broadcom by 6.5% in the second quarter. Applied Finance Capital Management LLC now owns 42,695 shares of the semiconductor manufacturer’s stock worth $11,769,000 after acquiring an additional 2,587 shares during the last quarter. 76.43% of the stock is owned by hedge funds and other institutional investors.

Broadcom Stock Up 1.2%

AVGO stock opened at $344.29 on Friday. The company has a market cap of $1.63 trillion, a price-to-earnings ratio of 87.83, a P/E/G ratio of 1.92 and a beta of 1.20. 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 business’s 50-day moving average is $330.52 and its two-hundred day moving average is $273.74. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $374.23.

Broadcom (NASDAQ:AVGO) last announced its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.03. The business had revenue of $15.95 billion for the quarter, compared to analysts’ expectations of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The business’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same period last year, the firm posted $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. As a group, analysts forecast that Broadcom Inc. will post 5.38 earnings per share 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 given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, September 22nd. Broadcom’s dividend payout ratio (DPR) is presently 60.20%.

Insiders Place Their Bets

In other Broadcom news, CEO Hock E. Tan sold 148,154 shares of the firm’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 approximately $278,088,746.66. This trade represents a 15.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Charlie B. Kawwas sold 3,893 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider directly owned 25,295 shares in the company, valued at $8,798,106.90. The trade was a 13.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders bought 3,550 shares of company stock valued at $1,227,869 and sold 665,271 shares valued at $225,464,248. Company insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on AVGO shares. Citigroup reissued a “buy” rating and issued a $415.00 target price (up from $350.00) on shares of Broadcom in a research note on Tuesday, October 14th. Sanford C. Bernstein increased their target price 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 target price on Broadcom in a research note on Monday, October 13th. Oppenheimer reaffirmed an “outperform” rating and set a $360.00 price objective (up from $325.00) on shares of Broadcom in a research report on Friday, September 5th. Finally, Argus increased their price objective on Broadcom from $285.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, September 8th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Broadcom currently has a consensus rating of “Buy” and a consensus price target of $372.52.

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.