West Michigan Advisors LLC Purchases 357 Shares of Broadcom Inc. $AVGO

West Michigan Advisors LLC grew its position in Broadcom Inc. (NASDAQ:AVGO) by 1.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,327 shares of the semiconductor manufacturer’s stock after acquiring an additional 357 shares during the period. Broadcom accounts for 1.7% of West Michigan Advisors LLC’s portfolio, making the stock its 11th largest holding. West Michigan Advisors LLC’s holdings in Broadcom were worth $6,154,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Moloney Securities Asset Management LLC increased its holdings in shares of Broadcom by 22.2% in the second quarter. Moloney Securities Asset Management LLC now owns 8,616 shares of the semiconductor manufacturer’s stock valued at $2,375,000 after purchasing an additional 1,567 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of Broadcom by 2.1% in the second quarter. Asset Management One Co. Ltd. now owns 2,099,793 shares of the semiconductor manufacturer’s stock valued at $578,808,000 after purchasing an additional 43,322 shares in the last quarter. AlTi Global Inc. increased its holdings in shares of Broadcom by 8.0% in the second quarter. AlTi Global Inc. now owns 24,944 shares of the semiconductor manufacturer’s stock valued at $6,901,000 after purchasing an additional 1,850 shares in the last quarter. GenTrust LLC increased its holdings in shares of Broadcom by 22.8% in the second quarter. GenTrust LLC now owns 1,536 shares of the semiconductor manufacturer’s stock valued at $423,000 after purchasing an additional 285 shares in the last quarter. Finally, Guardian Asset Advisors LLC increased its holdings in shares of Broadcom by 19.1% in the second quarter. Guardian Asset Advisors LLC now owns 1,464 shares of the semiconductor manufacturer’s stock valued at $404,000 after purchasing an additional 235 shares in the last quarter. Institutional investors own 76.43% of the company’s stock.

Insider Activity

In other news, CEO Hock E. Tan sold 100,000 shares of the business’s stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $339.58, for a total transaction of $33,958,000.00. Following the transaction, the chief executive officer directly owned 725,638 shares in the company, valued at $246,412,152.04. The trade was a 12.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Henry Samueli sold 368,797 shares of the business’s stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the transaction, the director owned 37,722,534 shares in the company, valued at $12,746,821,463.94. This represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders purchased 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,464,248. Corporate insiders own 2.00% of the company’s stock.

Broadcom Price Performance

Shares of AVGO stock opened at $385.98 on Thursday. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $386.48. The firm has a market capitalization of $1.82 trillion, a price-to-earnings ratio of 98.46, a price-to-earnings-growth ratio of 2.10 and a beta of 1.20. 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 firm has a fifty day moving average of $336.06 and a 200-day moving average of $280.64.

Broadcom (NASDAQ:AVGO) last announced its quarterly 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 company 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 firm’s revenue was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. On average, equities research analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders 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 yield of 0.6%. Broadcom’s payout ratio is 60.20%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Argus raised their price target on shares of Broadcom from $285.00 to $375.00 and gave the company a “buy” rating in a report on Monday, September 8th. Weiss Ratings raised shares of Broadcom from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. Arete Research raised shares of Broadcom to a “strong-buy” rating in a report on Monday, July 28th. Mizuho set a $435.00 price target on shares of Broadcom and gave the company an “outperform” rating in a report on Tuesday, October 21st. Finally, Macquarie assumed coverage on shares of Broadcom in a report on Monday, September 15th. They set an “outperform” rating and a $420.00 target price for the company. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned 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 a consensus target price of $372.52.

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.