Sage Mountain Advisors LLC Has $22.24 Million Stock Position in Broadcom Inc. $AVGO

Sage Mountain Advisors LLC boosted its stake in Broadcom Inc. (NASDAQ:AVGO) by 5.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,680 shares of the semiconductor manufacturer’s stock after acquiring an additional 3,895 shares during the quarter. Broadcom accounts for 1.4% of Sage Mountain Advisors LLC’s portfolio, making the stock its 14th largest position. Sage Mountain Advisors LLC’s holdings in Broadcom were worth $22,240,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. PARUS FINANCE UK Ltd lifted its position in Broadcom by 175.3% in the 1st quarter. PARUS FINANCE UK Ltd now owns 100,578 shares of the semiconductor manufacturer’s stock valued at $16,840,000 after acquiring an additional 64,038 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Broadcom by 27.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 64,130 shares of the semiconductor manufacturer’s stock valued at $10,737,000 after acquiring an additional 13,978 shares in the last quarter. Asio Capital LLC lifted its position in Broadcom by 2.0% in the 2nd quarter. Asio Capital LLC now owns 54,459 shares of the semiconductor manufacturer’s stock valued at $15,012,000 after acquiring an additional 1,089 shares in the last quarter. Ethic Inc. lifted its position in Broadcom by 1.6% in the 2nd quarter. Ethic Inc. now owns 329,339 shares of the semiconductor manufacturer’s stock valued at $88,708,000 after acquiring an additional 5,249 shares in the last quarter. Finally, Keener Financial Planning LLC lifted its position in Broadcom by 34.8% during the 1st quarter. Keener Financial Planning LLC now owns 890 shares of the semiconductor manufacturer’s stock worth $149,000 after buying an additional 230 shares in the last quarter. 76.43% of the stock is owned by institutional investors.

Insider Activity at Broadcom

In related news, insider Mark David Brazeal sold 16,558 shares of the company’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total value of $5,755,726.38. Following the transaction, the insider owned 329,302 shares in the company, valued at approximately $114,468,668.22. This represents a 4.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Charlie B. Kawwas sold 3,893 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider owned 25,295 shares in the company, valued at approximately $8,798,106.90. This trade represents a 13.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders acquired 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,464,248. 2.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on AVGO. Argus boosted their price target on shares of Broadcom from $285.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, September 8th. UBS Group set a $415.00 price target on shares of Broadcom and gave the stock a “buy” rating in a research report on Tuesday, October 14th. 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. Deutsche Bank Aktiengesellschaft set a $400.00 price target on shares of Broadcom and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Finally, Oppenheimer reissued an “outperform” rating and set a $360.00 price target (up from $325.00) on shares of Broadcom in a research report on Friday, September 5th. Three research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Broadcom currently has an average rating of “Buy” and an average target price of $372.52.

Broadcom Stock Up 3.5%

Broadcom stock opened at $385.98 on Thursday. The firm has a market capitalization of $1.82 trillion, a PE ratio of 98.46, a P/E/G ratio of 2.10 and a beta of 1.20. The company’s 50-day moving average is $336.06 and its 200-day moving average is $280.64. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $386.48. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping the consensus estimate 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%. Broadcom’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Sell-side analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were paid a dividend of $0.59 per share. The ex-dividend date was Monday, September 22nd. This represents a $2.36 annualized dividend and a dividend yield of 0.6%. Broadcom’s payout ratio is currently 60.20%.

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.