Broadcom Inc. $AVGO Shares Purchased by Bulltick Wealth Management LLC

Bulltick Wealth Management LLC raised its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 200.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,905 shares of the semiconductor manufacturer’s stock after purchasing an additional 16,603 shares during the quarter. Broadcom comprises 1.7% of Bulltick Wealth Management LLC’s portfolio, making the stock its 17th largest holding. Bulltick Wealth Management LLC’s holdings in Broadcom were worth $6,865,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of AVGO. Vanguard Group Inc. grew its holdings in Broadcom by 0.4% during the first quarter. Vanguard Group Inc. now owns 477,220,137 shares of the semiconductor manufacturer’s stock worth $79,900,968,000 after acquiring an additional 2,085,534 shares during the period. Geode Capital Management LLC grew its stake in shares of Broadcom by 2.1% in the 2nd quarter. Geode Capital Management LLC now owns 108,610,718 shares of the semiconductor manufacturer’s stock worth $29,827,649,000 after purchasing an additional 2,226,585 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Broadcom by 37.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer’s stock worth $10,968,270,000 after purchasing an additional 17,985,046 shares in the last quarter. Nuveen LLC bought a new stake in shares of Broadcom in the 1st quarter worth approximately $6,649,117,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Broadcom by 2.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 35,243,467 shares of the semiconductor manufacturer’s stock valued at $5,900,814,000 after purchasing an additional 842,088 shares during the last quarter. Institutional investors own 76.43% of the company’s stock.

Analysts Set New Price Targets

AVGO has been the topic of several recent research reports. Mizuho set a $435.00 price target on shares of Broadcom and gave the stock an “outperform” rating in a research report on Tuesday, October 21st. Barclays set a $450.00 target price on Broadcom and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. KeyCorp set a $460.00 target price on Broadcom in a report on Monday, October 13th. Deutsche Bank Aktiengesellschaft set a $400.00 price target on Broadcom and gave the stock a “buy” rating in a research note on Tuesday, October 14th. Finally, TD Cowen upped their price objective on shares of Broadcom from $355.00 to $370.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $372.52.

Broadcom Stock Down 0.6%

Shares of Broadcom stock opened at $340.50 on Wednesday. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $386.48. The company has a market cap of $1.61 trillion, a P/E ratio of 86.86, a P/E/G ratio of 1.37 and a beta of 1.19. 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 stock has a 50-day moving average price of $349.10 and a 200 day moving average price of $298.19.

Broadcom (NASDAQ:AVGO) last released its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.03. The company 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 quarter in the previous year, the business posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. As a group, analysts expect that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

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

Insider Activity at Broadcom

In related news, insider Charlie B. Kawwas sold 3,893 shares of Broadcom stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Hock E. Tan sold 100,000 shares of the business’s stock in a transaction dated Tuesday, September 23rd. The shares were 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 in the company, valued at $246,412,152.04. This trade represents a 12.11% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have acquired 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,483,192. Corporate insiders own 2.00% of the company’s stock.

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.