Artemis Wealth Advisors LLC Buys New Position in Broadcom Inc. $AVGO

Artemis Wealth Advisors LLC purchased a new position in Broadcom Inc. (NASDAQ:AVGO) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 25,500 shares of the semiconductor manufacturer’s stock, valued at approximately $7,029,000. Broadcom accounts for about 0.8% of Artemis Wealth Advisors LLC’s portfolio, making the stock its 10th biggest position.

A number of other hedge funds have also added to or reduced their stakes in the stock. Nuveen LLC purchased a new position in shares of Broadcom during the first quarter valued at about $6,649,117,000. Price T Rowe Associates Inc. MD boosted its position in Broadcom by 37.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer’s stock valued at $10,968,270,000 after acquiring an additional 17,985,046 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Broadcom by 16.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 31,854,414 shares of the semiconductor manufacturer’s stock worth $5,333,384,000 after acquiring an additional 4,550,647 shares during the period. Deutsche Bank AG grew its holdings in shares of Broadcom by 36.9% during the 1st quarter. Deutsche Bank AG now owns 15,758,895 shares of the semiconductor manufacturer’s stock worth $2,638,512,000 after acquiring an additional 4,245,345 shares during the period. Finally, Alliancebernstein L.P. raised its position in shares of Broadcom by 16.0% in the 1st quarter. Alliancebernstein L.P. now owns 29,513,814 shares of the semiconductor manufacturer’s stock worth $4,941,498,000 after acquiring an additional 4,077,910 shares in the last quarter. 76.43% of the stock is owned by hedge funds and other institutional investors.

Broadcom Trading Down 1.7%

NASDAQ:AVGO opened at $349.43 on Friday. 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 business has a fifty day moving average price of $344.91 and a 200-day moving average price of $289.83. The firm has a market capitalization of $1.65 trillion, a price-to-earnings ratio of 89.14, a price-to-earnings-growth ratio of 1.41 and a beta of 1.19. Broadcom Inc. has a one year low of $138.10 and a one year high of $386.48.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.03. The firm had revenue of $15.95 billion for the quarter, compared to analysts’ expectations of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The business’s quarterly revenue was up 22.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Sell-side analysts forecast that Broadcom Inc. will post 5.38 EPS 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 $0.59 dividend. The ex-dividend date of this dividend 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 60.20%.

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 stock was sold at an average price of $339.58, for a total value 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Justine Page sold 800 shares of the company’s stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $350.15, for a total value of $280,120.00. Following the completion of the transaction, the director directly owned 22,182 shares of the company’s stock, valued at approximately $7,767,027.30. This trade represents a 3.48% decrease in their position. 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. Company insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft set a $400.00 price target on Broadcom and gave the company a “buy” rating in a research report on Tuesday, October 14th. Evercore ISI boosted their target price on shares of Broadcom from $342.00 to $403.00 and gave the company an “outperform” rating in a report on Wednesday, October 15th. Argus lifted their price target on shares of Broadcom from $285.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, September 8th. Macquarie initiated coverage on shares of Broadcom in a research note on Monday, September 15th. They set an “outperform” rating and a $420.00 price objective on the stock. Finally, Truist Financial raised their target price on shares of Broadcom from $295.00 to $365.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Broadcom has a consensus rating of “Buy” and an average price target 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.