Centerpoint Advisory Group Boosts Holdings in Broadcom Inc. $AVGO

Centerpoint Advisory Group lifted its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 8.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,591 shares of the semiconductor manufacturer’s stock after acquiring an additional 650 shares during the period. Broadcom accounts for about 2.1% of Centerpoint Advisory Group’s investment portfolio, making the stock its 16th largest position. Centerpoint Advisory Group’s holdings in Broadcom were worth $2,368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the stock. Trivest Advisors Ltd acquired a new position in Broadcom during the second quarter worth approximately $155,742,000. Resona Asset Management Co. Ltd. increased its holdings in shares of Broadcom by 5.4% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 1,500,590 shares of the semiconductor manufacturer’s stock worth $412,102,000 after buying an additional 76,679 shares during the last quarter. Atlantic Union Bankshares Corp raised its position in shares of Broadcom by 22.3% in the 2nd quarter. Atlantic Union Bankshares Corp now owns 192,864 shares of the semiconductor manufacturer’s stock worth $53,162,000 after buying an additional 35,160 shares during the period. Asahi Life Asset Management CO. LTD. boosted its holdings in Broadcom by 40.2% in the second quarter. Asahi Life Asset Management CO. LTD. now owns 9,590 shares of the semiconductor manufacturer’s stock valued at $2,643,000 after acquiring an additional 2,750 shares during the last quarter. Finally, SP Asset Management LLC boosted its holdings in Broadcom by 1.4% in the second quarter. SP Asset Management LLC now owns 10,772 shares of the semiconductor manufacturer’s stock valued at $2,969,000 after acquiring an additional 144 shares during the last quarter. 76.43% of the stock is owned by institutional investors and hedge funds.

Broadcom Price Performance

Shares of NASDAQ AVGO opened at $349.43 on Monday. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $386.48. The business has a 50 day moving average price of $344.91 and a two-hundred day moving average price of $290.63. The firm has a market cap of $1.65 trillion, a PE ratio of 89.14, a price-to-earnings-growth ratio of 1.41 and a beta of 1.19.

Broadcom (NASDAQ:AVGO) last released its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating the consensus estimate of $1.66 by $0.03. The company had revenue of $15.95 billion during 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 was up 22.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Sell-side 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. Stockholders 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 annualized dividend and a dividend yield of 0.7%. Broadcom’s payout ratio is presently 60.20%.

Analyst Ratings Changes

Several equities research analysts have issued reports on AVGO shares. The Goldman Sachs Group reiterated a “buy” rating and set a $340.00 price objective on shares of Broadcom in a research note on Wednesday, August 13th. Oppenheimer reiterated an “outperform” rating and issued a $360.00 price target (up from $325.00) on shares of Broadcom in a report on Friday, September 5th. Arete Research upgraded Broadcom to a “strong-buy” rating in a research note on Monday, July 28th. Barclays set a $450.00 target price on Broadcom and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Finally, Argus upped their price target on Broadcom from $285.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, September 8th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $372.52.

Insiders Place Their Bets

In other news, insider Charlie B. Kawwas sold 3,893 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Hock E. Tan sold 100,000 shares of Broadcom stock in a transaction dated 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 transaction, the chief executive officer owned 725,638 shares of the company’s stock, valued at $246,412,152.04. This trade represents a 12.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In 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. Company insiders own 2.00% of the company’s stock.

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.