Austin Wealth Management LLC Acquires 777 Shares of Broadcom Inc. $AVGO

Austin Wealth Management LLC raised its holdings in Broadcom Inc. (NASDAQ:AVGO) by 27.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,646 shares of the semiconductor manufacturer’s stock after purchasing an additional 777 shares during the quarter. Austin Wealth Management LLC’s holdings in Broadcom were worth $1,071,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Symphony Financial Services Inc. bought a new position in Broadcom in the second quarter valued at about $533,000. Bailard Inc. boosted its stake in shares of Broadcom by 70.5% in the 2nd quarter. Bailard Inc. now owns 112,044 shares of the semiconductor manufacturer’s stock valued at $30,885,000 after purchasing an additional 46,326 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Broadcom by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 108,610,718 shares of the semiconductor manufacturer’s stock valued at $29,827,649,000 after purchasing an additional 2,226,585 shares during the last quarter. Maple Capital Management Inc. increased its position in Broadcom by 22.8% during the 2nd quarter. Maple Capital Management Inc. now owns 1,542 shares of the semiconductor manufacturer’s stock worth $425,000 after purchasing an additional 286 shares in the last quarter. Finally, Accredited Investors Inc. lifted its stake in Broadcom by 5.9% in the 2nd quarter. Accredited Investors Inc. now owns 2,660 shares of the semiconductor manufacturer’s stock valued at $733,000 after purchasing an additional 148 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

Broadcom Stock Performance

NASDAQ:AVGO opened at $342.46 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $386.48. The company has a 50 day simple moving average of $349.09 and a two-hundred day simple moving average of $295.48. The company has a market capitalization of $1.62 trillion, a PE ratio of 87.36, a P/E/G ratio of 1.38 and a beta of 1.19.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS 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 company had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. During the same period in the prior year, the firm posted $1.24 EPS. The company’s quarterly revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. Research analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, September 22nd. Broadcom’s dividend payout ratio is presently 60.20%.

Insider Activity

In related news, Director Henry Samueli sold 368,797 shares of the stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the transaction, the director directly owned 37,722,534 shares of the company’s stock, valued at $12,746,821,463.94. This represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charlie B. Kawwas sold 3,893 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total value of $1,354,063.26. Following the completion of the sale, the insider owned 25,295 shares of the company’s stock, valued at approximately $8,798,106.90. This represents a 13.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders purchased 3,550 shares of company stock worth $1,227,869 and sold 664,471 shares worth $225,218,280. 2.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AVGO. Sanford C. Bernstein boosted their target price on shares of Broadcom from $295.00 to $400.00 and gave the stock an “outperform” rating in a research note on Friday, September 5th. Weiss Ratings restated a “hold (c+)” rating on shares of Broadcom in a research report on Thursday. Wells Fargo & Company upped their target price on Broadcom from $255.00 to $345.00 and gave the stock an “equal weight” rating in a report on Friday, September 5th. Evercore ISI lifted their price target on Broadcom from $342.00 to $403.00 and gave the company an “outperform” rating in a research note on Wednesday, October 15th. Finally, JPMorgan Chase & Co. upped their price objective on Broadcom from $325.00 to $400.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $372.52.

About Broadcom

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.