Broadcom Inc. $AVGO Stock Position Lifted by Allworth Financial LP

Allworth Financial LP boosted its stake in Broadcom Inc. (NASDAQ:AVGO) by 15.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 370,837 shares of the semiconductor manufacturer’s stock after buying an additional 49,969 shares during the quarter. Allworth Financial LP’s holdings in Broadcom were worth $102,221,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Nuveen LLC bought a new position in Broadcom during the first quarter valued at approximately $6,649,117,000. Price T Rowe Associates Inc. MD raised its holdings in shares of 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 purchasing an additional 17,985,046 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Broadcom by 16.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 31,854,414 shares of the semiconductor manufacturer’s stock valued at $5,333,384,000 after purchasing an additional 4,550,647 shares during the last quarter. Deutsche Bank AG boosted its holdings in Broadcom by 36.9% in the first quarter. Deutsche Bank AG now owns 15,758,895 shares of the semiconductor manufacturer’s stock worth $2,638,512,000 after purchasing an additional 4,245,345 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in Broadcom by 16.0% in the first quarter. Alliancebernstein L.P. now owns 29,513,814 shares of the semiconductor manufacturer’s stock worth $4,941,498,000 after purchasing an additional 4,077,910 shares in the last quarter. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. KeyCorp set a $460.00 target price on Broadcom in a report on Monday, October 13th. Oppenheimer reissued an “outperform” rating and issued a $360.00 price target (up previously from $325.00) on shares of Broadcom in a research report on Friday, September 5th. Mizuho set a $435.00 price objective on shares of Broadcom and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. Truist Financial upped their price target on Broadcom from $295.00 to $365.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Broadcom from $325.00 to $400.00 and gave the stock an “overweight” rating in a research note on Friday, September 5th. Three 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $372.52.

Broadcom Price Performance

Shares of AVGO stock opened at $339.98 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $386.48. The firm has a fifty day moving average of $348.93 and a 200-day moving average of $293.71. The firm has a market capitalization of $1.61 trillion, a price-to-earnings ratio of 86.73, a price-to-earnings-growth ratio of 1.43 and a beta of 1.19.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings results 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. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The firm had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. During the same quarter in the previous year, the firm posted $1.24 earnings per share. The business’s revenue was up 22.0% on a year-over-year basis. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, September 22nd. Broadcom’s dividend payout ratio is currently 60.20%.

Insider Activity at Broadcom

In other news, CFO Kirsten M. Spears sold 7,498 shares of Broadcom stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $347.66, for a total value of $2,606,754.68. Following the sale, the chief financial officer directly owned 313,330 shares in the company, valued at $108,932,307.80. This trade represents a 2.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Henry Samueli sold 368,797 shares of the stock in a transaction on 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 of the company’s stock, valued at $12,746,821,463.94. The trade was a 0.97% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders purchased 3,550 shares of company stock worth $1,227,869 and sold 664,471 shares worth $225,218,280. Insiders own 2.00% of the company’s stock.

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.