Castle Wealth Management LLC Buys 96 Shares of Broadcom Inc. $AVGO

Castle Wealth Management LLC lifted its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 0.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,930 shares of the semiconductor manufacturer’s stock after purchasing an additional 96 shares during the period. Broadcom accounts for 1.1% of Castle Wealth Management LLC’s holdings, making the stock its 29th biggest position. Castle Wealth Management LLC’s holdings in Broadcom were worth $3,013,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sawyer & Company Inc raised its stake in Broadcom by 62.1% in the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 36 shares during the period. Legend Financial Advisors Inc. bought a new stake in Broadcom in the 2nd quarter valued at $28,000. LGT Financial Advisors LLC bought a new stake in Broadcom in the 2nd quarter valued at $31,000. Maseco LLP bought a new stake in Broadcom in the 2nd quarter valued at $34,000. Finally, PFS Partners LLC raised its stake in Broadcom by 38.4% in the 2nd quarter. PFS Partners LLC now owns 137 shares of the semiconductor manufacturer’s stock valued at $38,000 after acquiring an additional 38 shares during the period. Institutional investors own 76.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AVGO. Macquarie began coverage on Broadcom in a research note on Monday, September 15th. They issued an “outperform” rating and a $420.00 price target on the stock. Benchmark increased their price target on Broadcom from $315.00 to $385.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Deutsche Bank Aktiengesellschaft set a $400.00 price target on Broadcom and gave the company a “buy” rating in a research note on Tuesday, October 14th. Sanford C. Bernstein increased their price target on Broadcom from $295.00 to $400.00 and gave the company an “outperform” rating in a research note on Friday, September 5th. Finally, Argus upped their price objective on Broadcom from $285.00 to $375.00 and gave the company a “buy” rating in a report on Monday, September 8th. Three analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $372.52.

Insider Activity at Broadcom

In other news, insider Charlie B. Kawwas sold 3,893 shares of the 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 sale, the insider directly owned 25,295 shares of the company’s stock, valued at approximately $8,798,106.90. This represents a 13.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Justine Page sold 800 shares of the stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $350.15, for a total value of $280,120.00. Following the sale, the director directly owned 22,182 shares in the company, valued at approximately $7,767,027.30. This trade represents a 3.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, 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.

Broadcom Stock Performance

Shares of NASDAQ AVGO opened at $372.97 on Wednesday. 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 stock’s fifty day moving average price is $334.16 and its two-hundred day moving average price is $279.21. Broadcom Inc. has a one year low of $138.10 and a one year high of $374.23. The firm has a market cap of $1.76 trillion, a price-to-earnings ratio of 95.15, a P/E/G ratio of 2.04 and a beta of 1.20.

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

Broadcom Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, September 22nd. Broadcom’s dividend payout ratio is 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.