Broadcom Inc. $AVGO is Redwood Wealth Management Group LLC’s 7th Largest Position

Redwood Wealth Management Group LLC boosted its position in Broadcom Inc. (NASDAQ:AVGO) by 1.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,240 shares of the semiconductor manufacturer’s stock after purchasing an additional 163 shares during the quarter. Broadcom comprises approximately 2.0% of Redwood Wealth Management Group LLC’s investment portfolio, making the stock its 7th largest position. Redwood Wealth Management Group LLC’s holdings in Broadcom were worth $4,477,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sawyer & Company Inc lifted its stake in shares of Broadcom by 62.1% in the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 36 shares in the last quarter. PFS Partners LLC grew its stake in Broadcom by 38.4% during the 2nd quarter. PFS Partners LLC now owns 137 shares of the semiconductor manufacturer’s stock valued at $38,000 after acquiring an additional 38 shares in the last quarter. Costello Asset Management INC grew its stake in Broadcom by 1.5% during the 2nd quarter. Costello Asset Management INC now owns 2,528 shares of the semiconductor manufacturer’s stock valued at $697,000 after acquiring an additional 38 shares in the last quarter. Prairie Wealth Advisors Inc. raised its holdings in Broadcom by 0.6% in the 2nd quarter. Prairie Wealth Advisors Inc. now owns 7,285 shares of the semiconductor manufacturer’s stock valued at $2,008,000 after acquiring an additional 40 shares during the last quarter. Finally, Waddell & Associates LLC boosted its holdings in shares of Broadcom by 2.1% during the 1st quarter. Waddell & Associates LLC now owns 2,091 shares of the semiconductor manufacturer’s stock worth $350,000 after purchasing an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom Stock Down 0.9%

Shares of AVGO opened at $355.59 on Friday. The company’s 50-day moving average price is $343.86 and its 200 day moving average price is $287.73. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $386.48. 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 $1.68 trillion, a P/E ratio of 90.71, a price-to-earnings-growth ratio of 1.45 and a beta of 1.19.

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

Broadcom Dividend Announcement

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. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. Broadcom’s payout ratio is presently 60.20%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wells Fargo & Company increased their price target on Broadcom from $255.00 to $345.00 and gave the company an “equal weight” rating in a report on Friday, September 5th. JPMorgan Chase & Co. upped their target price on Broadcom from $325.00 to $400.00 and gave the company an “overweight” rating in a report on Friday, September 5th. Citigroup reiterated a “buy” rating and set a $415.00 price target (up previously from $350.00) on shares of Broadcom in a report on Tuesday, October 14th. Oppenheimer reissued an “outperform” rating and set a $360.00 price target (up previously from $325.00) on shares of Broadcom in a research report on Friday, September 5th. Finally, Wall Street Zen lowered shares of Broadcom from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. 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 company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $372.52.

Insider Activity at Broadcom

In other news, 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 transaction of $49,879,007.18. Following the completion of the transaction, the chief executive officer directly owned 825,998 shares in the company, valued at $278,088,746.66. This trade represents a 15.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Mark David Brazeal sold 16,558 shares of Broadcom stock in a transaction 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 directly owned 329,302 shares of the company’s stock, valued at $114,468,668.22. The trade was a 4.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders acquired 3,550 shares of company stock valued at $1,227,869 and sold 665,271 shares valued at $225,464,248. 2.00% of the stock is currently owned by company insiders.

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.