Beacon Pointe Advisors LLC Grows Stake in Broadcom Inc. $AVGO

Beacon Pointe Advisors LLC lifted its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 0.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 253,328 shares of the semiconductor manufacturer’s stock after purchasing an additional 953 shares during the period. Broadcom accounts for 0.7% of Beacon Pointe Advisors LLC’s investment portfolio, making the stock its 25th biggest holding. Beacon Pointe Advisors LLC’s holdings in Broadcom were worth $69,830,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Cheviot Value Management LLC purchased a new position in shares of Broadcom during the 1st quarter valued at $25,000. Sawyer & Company Inc raised its stake in Broadcom by 62.1% in the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 36 shares during the period. Longfellow Investment Management Co. LLC purchased a new stake in Broadcom during the second quarter valued at about $27,000. Legend Financial Advisors Inc. bought a new position in Broadcom during the second quarter worth about $28,000. Finally, LGT Financial Advisors LLC bought a new position in Broadcom during the second quarter worth about $31,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom Stock Performance

NASDAQ AVGO opened at $385.83 on Tuesday. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $403.00. The company has a fifty day moving average of $353.10 and a 200-day moving average of $308.39. The company has a market capitalization of $1.82 trillion, a P/E ratio of 98.43, a P/E/G ratio of 1.37 and a beta of 1.19. 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 (NASDAQ:AVGO) last released its earnings results 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 return on equity of 36.60% and a net margin of 31.59%.The business had revenue of $15.95 billion for the quarter, compared to analysts’ expectations of $15.82 billion. During the same quarter in the prior year, the firm earned $1.24 earnings per share. The firm’s revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities research analysts predict that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were given a $0.59 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 0.6%. Broadcom’s payout ratio is presently 60.20%.

Insider Buying and Selling

In other news, insider Charlie B. Kawwas sold 3,893 shares of the business’s stock in a transaction that occurred on 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 directly owned 25,295 shares in the company, valued at approximately $8,798,106.90. The trade was a 13.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Hock E. Tan sold 100,000 shares of the stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $339.58, for a total transaction of $33,958,000.00. Following the transaction, the chief executive officer directly owned 725,638 shares in the company, valued at approximately $246,412,152.04. This represents a 12.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have purchased 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,483,192. 2.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on AVGO shares. Raymond James Financial set a $420.00 price target on shares of Broadcom and gave the company an “outperform” rating in a research report on Thursday, November 20th. Barclays set a $450.00 target price on shares of Broadcom and gave the company an “overweight” rating in a report on Tuesday, October 14th. Sanford C. Bernstein increased their target price on Broadcom from $295.00 to $400.00 and gave the stock an “outperform” rating in a research report on Friday, September 5th. KeyCorp set a $460.00 price target on Broadcom in a research report on Monday, October 13th. Finally, Deutsche Bank Aktiengesellschaft set a $400.00 price objective on Broadcom and gave the company a “buy” rating in a research note on Tuesday, October 14th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Broadcom currently has an average rating of “Buy” and a consensus price target of $383.00.

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.