Calamos Wealth Management LLC Purchases 28,498 Shares of Broadcom Inc. $AVGO

Calamos Wealth Management LLC lifted its position in Broadcom Inc. (NASDAQ:AVGO) by 16.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 201,249 shares of the semiconductor manufacturer’s stock after buying an additional 28,498 shares during the quarter. Broadcom comprises 2.3% of Calamos Wealth Management LLC’s investment portfolio, making the stock its 11th largest holding. Calamos Wealth Management LLC’s holdings in Broadcom were worth $55,474,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Nuveen LLC bought a new stake in Broadcom during the first quarter worth approximately $6,649,117,000. Price T Rowe Associates Inc. MD boosted its position in Broadcom by 37.8% during the first 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 during the period. Goldman Sachs Group Inc. boosted its position in Broadcom by 16.7% during the first quarter. Goldman Sachs Group Inc. now owns 31,854,414 shares of the semiconductor manufacturer’s stock worth $5,333,384,000 after purchasing an additional 4,550,647 shares during the period. Deutsche Bank AG boosted its position in Broadcom by 36.9% during the first quarter. Deutsche Bank AG now owns 15,758,895 shares of the semiconductor manufacturer’s stock worth $2,638,512,000 after purchasing an additional 4,245,345 shares during the period. Finally, Alliancebernstein L.P. boosted its position in Broadcom by 16.0% during the first quarter. Alliancebernstein L.P. now owns 29,513,814 shares of the semiconductor manufacturer’s stock worth $4,941,498,000 after purchasing an additional 4,077,910 shares during the period. Institutional investors own 76.43% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on AVGO. Piper Sandler upped their target price on Broadcom from $315.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. Evercore ISI upped their target price on Broadcom from $342.00 to $403.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 15th. JPMorgan Chase & Co. upped their target price on Broadcom from $325.00 to $400.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. The Goldman Sachs Group reissued a “buy” rating and issued a $340.00 price objective on shares of Broadcom in a research report on Wednesday, August 13th. Finally, Mizuho set a $435.00 price objective on Broadcom and gave the company an “outperform” rating in a research report on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $372.52.

Insider Buying and Selling

In other news, CFO Kirsten M. Spears sold 7,498 shares of the stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.66, for a total value of $2,606,754.68. Following the completion of the transaction, the chief financial officer owned 313,330 shares in the company, valued at approximately $108,932,307.80. This represents a 2.34% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Henry Samueli sold 368,797 shares of the stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the completion of the transaction, the director owned 37,722,534 shares of the company’s stock, valued at approximately $12,746,821,463.94. This represents a 0.97% decrease in their position. The disclosure for this sale can be found here. 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. Corporate insiders own 2.00% of the company’s stock.

Broadcom Stock Up 2.9%

AVGO opened at $354.13 on Friday. The company has a market capitalization of $1.67 trillion, a P/E ratio of 90.34, a P/E/G ratio of 1.99 and a beta of 1.20. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. The firm’s fifty day moving average price is $331.47 and its two-hundred day moving average price is $275.94. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $374.23.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.03. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The company had revenue of $15.95 billion during the quarter, compared to analysts’ expectations of $15.82 billion. During the same quarter in the prior year, the company posted $1.24 EPS. The business’s revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. On average, analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were paid a $0.59 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. Broadcom’s dividend payout ratio is currently 60.20%.

Broadcom Company 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.