Alaska Wealth Advisors Takes $635,000 Position in Broadcom Inc. $AVGO

Alaska Wealth Advisors purchased a new stake in Broadcom Inc. (NASDAQ:AVGO) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,302 shares of the semiconductor manufacturer’s stock, valued at approximately $635,000.

A number of other large investors have also modified their holdings of AVGO. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Broadcom in the first quarter worth about $25,000. Cheviot Value Management LLC acquired a new position in shares of Broadcom in the first quarter worth about $25,000. Sawyer & Company Inc raised its position 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 acquiring an additional 36 shares during the period. Legend Financial Advisors Inc. acquired a new position in shares of Broadcom during the 2nd quarter worth about $28,000. Finally, Wood Tarver Financial Group LLC raised its position in shares of Broadcom by 342.5% during the 1st quarter. Wood Tarver Financial Group LLC now owns 177 shares of the semiconductor manufacturer’s stock worth $30,000 after purchasing an additional 137 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Hock E. Tan sold 100,000 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer directly owned 725,638 shares in the company, valued at approximately $246,412,152.04. This trade represents a 12.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Justine Page sold 800 shares of the firm’s stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $350.15, for a total transaction of $280,120.00. Following the completion of the sale, the director owned 22,182 shares in the company, valued at $7,767,027.30. The trade was a 3.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, 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.

Analyst Ratings Changes

AVGO has been the subject of several research analyst reports. Macquarie initiated coverage on shares of Broadcom in a research report on Monday, September 15th. They set an “outperform” rating and a $420.00 price target for the company. Morgan Stanley set a $409.00 price objective on shares of Broadcom and gave the company an “overweight” rating in a report on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft set a $400.00 price objective on shares of Broadcom and gave the company a “buy” rating in a report on Tuesday, October 14th. Bank of America increased their price objective on shares of Broadcom from $300.00 to $400.00 and gave the company a “buy” rating in a report on Friday, September 5th. Finally, Arete Research raised shares of Broadcom to a “strong-buy” rating in a research note on Monday, July 28th. Three research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $372.52.

Broadcom Price Performance

Broadcom stock opened at $354.13 on Friday. The firm has a market cap of $1.67 trillion, a PE ratio of 90.34, a price-to-earnings-growth ratio of 1.99 and a beta of 1.20. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $374.23. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. The company’s 50 day moving average is $331.47 and its two-hundred day moving average is $275.94.

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, topping analysts’ consensus estimates of $1.66 by $0.03. The company had revenue of $15.95 billion for 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 firm’s quarterly revenue was up 22.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. On average, research analysts expect that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were issued a dividend of $0.59 per share. 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 60.20%.

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.