Broadcom Inc. $AVGO Stock Holdings Increased by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. lifted its holdings in Broadcom Inc. (NASDAQ:AVGO) by 9.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 284,839 shares of the semiconductor manufacturer’s stock after purchasing an additional 23,919 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Broadcom were worth $78,516,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Keyvantage Wealth LLC increased its stake in Broadcom by 21.5% during the 2nd quarter. Keyvantage Wealth LLC now owns 2,994 shares of the semiconductor manufacturer’s stock valued at $825,000 after buying an additional 530 shares during the period. Paragon Capital Management LLC bought a new position in shares of Broadcom in the second quarter valued at approximately $315,000. MJP Associates Inc. ADV increased its stake in shares of Broadcom by 6.9% during the second quarter. MJP Associates Inc. ADV now owns 6,841 shares of the semiconductor manufacturer’s stock valued at $1,886,000 after acquiring an additional 440 shares during the period. Cetera Investment Advisers increased its stake in shares of Broadcom by 5.9% during the second quarter. Cetera Investment Advisers now owns 1,171,952 shares of the semiconductor manufacturer’s stock valued at $323,049,000 after acquiring an additional 65,696 shares during the period. Finally, Fusion Capital LLC bought a new stake in Broadcom during the second quarter worth approximately $302,000. 76.43% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Broadcom

In other news, insider Charlie B. Kawwas sold 3,893 shares of the company’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total value of $1,354,063.26. Following the transaction, the insider owned 25,295 shares in the company, valued at $8,798,106.90. This represents a 13.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Hock E. Tan sold 100,000 shares of the stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $339.58, for a total transaction of $33,958,000.00. Following the completion of the sale, the chief executive officer directly owned 725,638 shares of the company’s stock, valued at $246,412,152.04. This trade represents a 12.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders bought 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.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft set a $400.00 price target on Broadcom and gave the company a “buy” rating in a research note on Tuesday, October 14th. Arete Research upgraded Broadcom to a “strong-buy” rating in a report on Monday, July 28th. Argus raised their target price on Broadcom from $285.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, September 8th. Macquarie started coverage on shares of Broadcom in a research report on Monday, September 15th. They issued an “outperform” rating and a $420.00 price target on the stock. Finally, UBS Group set a $415.00 price target on shares of Broadcom and gave the company a “buy” rating in a report on Tuesday, October 14th. Three equities research 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $372.52.

Broadcom Stock Up 0.1%

Shares of NASDAQ:AVGO opened at $342.65 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 company has a market cap of $1.62 trillion, a PE ratio of 87.41, a price-to-earnings-growth ratio of 1.37 and a beta of 1.19. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $386.48. The firm has a 50 day simple moving average of $349.03 and a 200 day simple moving average of $297.23.

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, topping the consensus estimate 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 analysts’ expectations of $15.82 billion. During the same period in the previous year, the company posted $1.24 EPS. The company’s quarterly revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. As a group, research analysts expect 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. Investors of record on Monday, September 22nd were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, September 22nd. Broadcom’s payout ratio is presently 60.20%.

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.