Woodard & Co. Asset Management Group Inc. ADV Has $3.78 Million Stock Position in Broadcom Inc. $AVGO

Woodard & Co. Asset Management Group Inc. ADV raised its position in Broadcom Inc. (NASDAQ:AVGO) by 2.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,705 shares of the semiconductor manufacturer’s stock after acquiring an additional 300 shares during the period. Broadcom comprises approximately 0.7% of Woodard & Co. Asset Management Group Inc. ADV’s holdings, making the stock its 29th largest holding. Woodard & Co. Asset Management Group Inc. ADV’s holdings in Broadcom were worth $3,778,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of AVGO. Brighton Jones LLC raised its holdings 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 worth $6,882,000 after buying an additional 5,322 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings 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 worth $1,854,000 after buying an additional 756 shares in the last quarter. GAMMA Investing LLC raised its holdings 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 worth $17,276,000 after buying an additional 8,672 shares in the last quarter. SOL Capital Management CO acquired a new position in shares of Broadcom in the 1st quarter worth approximately $943,000. Finally, Pure Financial Advisors LLC raised its holdings in shares of Broadcom by 22.5% in the 1st quarter. Pure Financial Advisors LLC now owns 10,127 shares of the semiconductor manufacturer’s stock worth $1,696,000 after buying an additional 1,860 shares in the last quarter. 76.43% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Broadcom

In other news, insider Mark David Brazeal sold 16,558 shares of the firm’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total value of $5,755,726.38. Following the transaction, the insider directly owned 329,302 shares in the company, valued at $114,468,668.22. This trade represents a 4.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Hock E. Tan sold 148,154 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief executive officer owned 825,998 shares in the company, valued at $278,088,746.66. This represents a 15.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders purchased 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,464,248. 2.00% of the stock is currently owned by corporate insiders.

Broadcom Stock Up 2.9%

Shares of AVGO opened at $354.13 on Friday. The firm has a market capitalization of $1.67 trillion, a price-to-earnings ratio of 90.34, a PEG ratio of 1.94 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 fifty day moving average price is $331.47 and its two-hundred day moving average price is $275.11. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $374.23.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.03. The firm had revenue of $15.95 billion for 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 quarterly revenue was up 22.0% compared to the same quarter last year. During the same period last year, the company earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. On average, analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Monday, September 22nd. Broadcom’s dividend payout ratio (DPR) is presently 60.20%.

Analyst Upgrades and Downgrades

AVGO has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft set a $400.00 target price on Broadcom and gave the stock a “buy” rating in a report on Tuesday, October 14th. Wells Fargo & Company increased their price target on Broadcom from $255.00 to $345.00 and gave the stock an “equal weight” rating in a research report on Friday, September 5th. TD Cowen increased their price target on Broadcom from $355.00 to $370.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Citigroup restated a “buy” rating and set a $415.00 price target (up from $350.00) on shares of Broadcom in a research report on Tuesday, October 14th. Finally, Arete Research upgraded Broadcom to a “strong-buy” rating in a research report on Monday, July 28th. Three investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $372.52.

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.