Broadcom Inc. $AVGO Holdings Boosted by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC raised its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 0.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 149,400 shares of the semiconductor manufacturer’s stock after buying an additional 182 shares during the period. Broadcom comprises 1.6% of Daymark Wealth Partners LLC’s portfolio, making the stock its 10th largest holding. Daymark Wealth Partners LLC’s holdings in Broadcom were worth $41,182,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AVGO. Vanguard Group Inc. lifted its position in Broadcom by 0.4% during the first quarter. Vanguard Group Inc. now owns 477,220,137 shares of the semiconductor manufacturer’s stock valued at $79,900,968,000 after purchasing an additional 2,085,534 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Broadcom by 37.8% in 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 buying an additional 17,985,046 shares during the period. Nuveen LLC purchased a new position in shares of Broadcom during the 1st quarter valued at about $6,649,117,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Broadcom by 2.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 35,243,467 shares of the semiconductor manufacturer’s stock valued at $5,900,814,000 after acquiring an additional 842,088 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Broadcom by 3.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 33,852,310 shares of the semiconductor manufacturer’s stock valued at $5,668,134,000 after acquiring an additional 1,043,948 shares during the period. 76.43% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Broadcom news, Director Henry Samueli sold 368,797 shares of Broadcom stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total value of $124,620,194.27. Following the sale, the director owned 37,722,534 shares of the company’s stock, valued at $12,746,821,463.94. The trade was a 0.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Justine Page sold 800 shares of the stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $350.15, for a total value of $280,120.00. Following the transaction, the director owned 22,182 shares of the company’s stock, valued at $7,767,027.30. This represents a 3.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have purchased 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,464,248. 2.00% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. KeyCorp set a $460.00 target price on shares of Broadcom in a research note on Monday, October 13th. Piper Sandler raised their price objective on shares of Broadcom from $315.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, September 5th. The Goldman Sachs Group restated a “buy” rating and set a $340.00 target price on shares of Broadcom in a research note on Wednesday, August 13th. Arete Research upgraded Broadcom to a “strong-buy” rating in a research note on Monday, July 28th. Finally, Sanford C. Bernstein raised their price target on Broadcom from $295.00 to $400.00 and gave the company an “outperform” rating in a report on Friday, September 5th. Three investment 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. According to data from MarketBeat, Broadcom has a consensus rating of “Buy” and a consensus price target of $372.52.

Broadcom Stock Performance

AVGO opened at $362.55 on Tuesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. The stock has a market capitalization of $1.71 trillion, a price-to-earnings ratio of 92.49, a PEG ratio of 2.08 and a beta of 1.19. The company has a fifty day moving average of $340.67 and a 200 day moving average of $285.47. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $386.48.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, topping the consensus estimate of $1.66 by $0.03. The business had revenue of $15.95 billion for the quarter, compared to analysts’ expectations of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The business’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. As a group, sell-side analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The company also recently declared 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. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, September 22nd. Broadcom’s dividend payout ratio (DPR) 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.