Broadcom Inc. $AVGO Position Lessened by Bingham Private Wealth LLC

Bingham Private Wealth LLC lessened its holdings in Broadcom Inc. (NASDAQ:AVGO) by 2.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,959 shares of the semiconductor manufacturer’s stock after selling 237 shares during the period. Broadcom accounts for approximately 2.8% of Bingham Private Wealth LLC’s portfolio, making the stock its 4th largest holding. Bingham Private Wealth LLC’s holdings in Broadcom were worth $3,021,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Hardy Reed LLC increased its stake in Broadcom by 1.3% in the second quarter. Hardy Reed LLC now owns 10,178 shares of the semiconductor manufacturer’s stock valued at $2,806,000 after acquiring an additional 127 shares during the last quarter. MADDEN SECURITIES Corp increased its stake in Broadcom by 24.9% in the second quarter. MADDEN SECURITIES Corp now owns 17,458 shares of the semiconductor manufacturer’s stock valued at $4,812,000 after acquiring an additional 3,483 shares during the last quarter. Trueblood Wealth Management LLC increased its stake in Broadcom by 0.9% in the second quarter. Trueblood Wealth Management LLC now owns 6,110 shares of the semiconductor manufacturer’s stock valued at $1,684,000 after acquiring an additional 53 shares during the last quarter. Bennett Associates Wealth Management increased its stake in Broadcom by 29.6% in the second quarter. Bennett Associates Wealth Management now owns 2,375 shares of the semiconductor manufacturer’s stock valued at $655,000 after acquiring an additional 542 shares during the last quarter. Finally, Waycross Investment Management Co bought a new position in Broadcom in the second quarter valued at $320,000. Institutional investors own 76.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on AVGO. Deutsche Bank Aktiengesellschaft increased their target price on Broadcom from $300.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, September 5th. HSBC raised Broadcom from a “hold” rating to a “buy” rating and set a $400.00 target price on the stock in a research note on Tuesday, June 24th. Rosenblatt Securities increased 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. TD Cowen raised their price objective on Broadcom from $355.00 to $370.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Finally, Citigroup raised their price objective on Broadcom from $315.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $357.22.

Broadcom Price Performance

AVGO stock opened at $324.63 on Friday. The firm has a 50 day moving average price of $322.64 and a 200-day moving average price of $262.95. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $374.23. The firm has a market capitalization of $1.53 trillion, a price-to-earnings ratio of 82.81, a PEG ratio of 1.80 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.

Broadcom (NASDAQ:AVGO) last released its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.03. The firm 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%. The business’s revenue was up 22.0% on a year-over-year basis. During the same period last year, the business earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. Equities research analysts forecast that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were given a dividend of $0.59 per share. 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 dividend payout ratio (DPR) is 60.20%.

Insider Activity at Broadcom

In related news, CFO Kirsten M. Spears sold 7,498 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $347.66, for a total transaction of $2,606,754.68. Following the completion of the sale, the chief financial officer owned 313,330 shares of the company’s stock, valued at $108,932,307.80. This trade represents a 2.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Charlie B. Kawwas sold 3,893 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider directly owned 25,295 shares of the company’s stock, valued at $8,798,106.90. This trade represents a 13.34% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 3,550 shares of company stock valued at $1,227,869 and have sold 666,071 shares valued at $225,623,008. 2.00% of the stock is currently owned by insiders.

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.