Broadcom Inc. $AVGO Shares Acquired by Meadow Creek Wealth Advisors LLC

Meadow Creek Wealth Advisors LLC boosted its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 5.8% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 17,746 shares of the semiconductor manufacturer’s stock after purchasing an additional 979 shares during the quarter. Broadcom accounts for about 3.3% of Meadow Creek Wealth Advisors LLC’s holdings, making the stock its 6th biggest position. Meadow Creek Wealth Advisors LLC’s holdings in Broadcom were worth $4,892,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC increased its position in shares of Broadcom by 21.8% in the fourth quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock worth $6,882,000 after acquiring an additional 5,322 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of Broadcom by 10.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock worth $1,854,000 after acquiring an additional 756 shares in the last quarter. Golden State Wealth Management LLC increased its position in shares of Broadcom by 6.4% in the first quarter. Golden State Wealth Management LLC now owns 15,852 shares of the semiconductor manufacturer’s stock worth $2,654,000 after acquiring an additional 954 shares in the last quarter. Convergence Financial LLC increased its position in shares of Broadcom by 2.3% in the first quarter. Convergence Financial LLC now owns 27,621 shares of the semiconductor manufacturer’s stock worth $4,625,000 after acquiring an additional 621 shares in the last quarter. Finally, Aljian Capital Management LLC increased its position in shares of Broadcom by 6.7% in the first quarter. Aljian Capital Management LLC now owns 24,065 shares of the semiconductor manufacturer’s stock worth $4,029,000 after acquiring an additional 1,512 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Broadcom

In related news, CEO Hock E. Tan sold 100,000 shares of the business’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 approximately $246,412,152.04. The trade was a 12.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Charlie B. Kawwas sold 3,893 shares of the business’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 completion of the sale, the insider 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders acquired 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,464,248. Company insiders own 2.00% of the company’s stock.

Broadcom Stock Up 2.2%

Shares of Broadcom stock opened at $362.05 on Tuesday. The firm has a market cap of $1.71 trillion, a price-to-earnings ratio of 92.36, a P/E/G ratio of 1.99 and a beta of 1.20. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $374.23. The stock has a 50-day simple moving average of $332.60 and a 200-day simple moving average of $277.81.

Broadcom (NASDAQ:AVGO) last posted 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 during the quarter, compared to analyst estimates of $15.82 billion. During the same period in the previous year, the company earned $1.24 EPS. The company’s revenue for the quarter was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. On average, equities research analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AVGO shares. KeyCorp set a $460.00 target price on shares of Broadcom in a research report on Monday, October 13th. Deutsche Bank Aktiengesellschaft set a $400.00 target price on Broadcom and gave the company a “buy” rating in a research note on Tuesday, October 14th. Arete Research raised Broadcom to a “strong-buy” rating in a research note on Monday, July 28th. Mizuho set a $435.00 target price on Broadcom and gave the company an “outperform” rating in a research note on Tuesday, October 21st. Finally, Rosenblatt Securities lifted their target price 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, thirty have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $372.52.

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.