Rede Wealth LLC Invests $619,000 in Broadcom Inc. $AVGO

Rede Wealth LLC bought a new position in shares of Broadcom Inc. (NASDAQ:AVGO) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,877 shares of the semiconductor manufacturer’s stock, valued at approximately $619,000.

Other large investors have also recently bought and sold shares of the company. Longfellow Investment Management Co. LLC bought a new stake in shares of Broadcom in the second quarter valued at about $27,000. Legend Financial Advisors Inc. bought a new position in Broadcom during the second quarter valued at about $28,000. Teachers Insurance & Annuity Association of America acquired a new position in Broadcom in the 2nd quarter valued at approximately $28,000. LGT Financial Advisors LLC bought a new stake in shares of Broadcom in the 2nd quarter worth approximately $31,000. Finally, New England Capital Financial Advisors LLC bought a new stake in shares of Broadcom in the 2nd quarter worth approximately $31,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom Trading Down 1.6%

Shares of AVGO stock opened at $320.12 on Monday. The company has a market capitalization of $1.52 trillion, a P/E ratio of 67.25, a P/E/G ratio of 1.06 and a beta of 1.21. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $414.61. The company has a quick ratio of 1.58, a current ratio of 1.71 and a debt-to-equity ratio of 0.76. The firm has a 50-day moving average price of $357.20 and a 200 day moving average price of $336.16.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.08. The company had revenue of $18.02 billion during the quarter, compared to analyst estimates of $17.46 billion. Broadcom had a net margin of 36.20% and a return on equity of 37.45%. The company’s revenue was up 28.2% on a year-over-year basis. During the same quarter last year, the business posted $1.42 earnings per share. Research analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, December 22nd. This is a positive change from Broadcom’s previous quarterly dividend of $0.59. Broadcom’s dividend payout ratio is presently 54.62%.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Large buying from high-profile investors supports demand: Cathie Wood’s ARK funds added over 143,000 AVGO shares, a vote of confidence that can buoy sentiment and flows. Cathie Wood Is Doubling Down on Broadcom Stock. Should You?
• Positive Sentiment: Analysts remain constructive — Broadcom has a consensus “Buy” rating from several street analysts, which helps support medium-term expectations. Broadcom Inc. (NASDAQ:AVGO) Receives Consensus Rating of “Buy” from Analysts
• Positive Sentiment: Industry tailwinds from TSMC and Meta AI spending bolster Broadcom’s long-term growth case as a “picks-and-shovels” supplier to AI infrastructure. Why Taiwan Semiconductor and Meta Could Be the Hidden Bull Case for Broadcom
• Neutral Sentiment: Coverage pieces highlighting Broadcom’s past shareholder returns and strategic moves (e.g., buyback and deal-driven value creation) provide context but are less likely to move the stock intraday. How Broadcom Stock Delivered $51 Billion In Shareholder Value
• Neutral Sentiment: Company commentary and market stories about connectivity expansion and forecasts suggest steady execution but don’t change near-term catalyst timing. Broadcom Inc (NASDAQ:AVGO) Nasdaq Today Signals Connectivity Expansion
• Neutral Sentiment: Macro/sector coverage (AI “picks-and-shovels” theme) is supportive but broad; timing of capex by large customers will ultimately determine revenue cadence. ORCL, MU and AVGO Forecast – Picks and Shovels of AI Look Strong
• Negative Sentiment: Operational/legal risk flagged by a lawsuit over Broadcom’s control of critical software: Fidelity settled a case alleging Broadcom threatened to cut access to software central to Fidelity’s systems — the episode highlights customer concentration and counterparty risk. Fidelity settles lawsuit over access to ‘business-critical’ Broadcom software
• Negative Sentiment: Some institutional selling and position trimming (e.g., Cypress Funds cutting its stake) increases supply pressure and can amplify short-term weakness. Cypress Funds Llc Cuts Broadcom Inc. Stake by 29K Shares
• Negative Sentiment: Technical/flow headwinds: the stock is below key moving averages and underperformed peers in recent sessions, which can pressure momentum and trigger additional selling. Broadcom Inc. stock underperforms Wednesday when compared to competitors

Insiders Place Their Bets

In other news, CEO Hock E. Tan sold 130,000 shares of the stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $326.02, for a total transaction of $42,382,600.00. Following the sale, the chief executive officer owned 595,638 shares in the company, valued at approximately $194,189,900.76. This represents a 17.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark David Brazeal sold 38,281 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $327.65, for a total value of $12,542,769.65. Following the completion of the sale, the insider owned 266,494 shares of the company’s stock, valued at approximately $87,316,759.10. This trade represents a 12.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 779,901 shares of company stock worth $284,069,237 in the last three months. Company insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AVGO. Rosenblatt Securities boosted their price objective on Broadcom from $400.00 to $440.00 and gave the company a “buy” rating in a research report on Tuesday, December 9th. Robert W. Baird set a $420.00 price target on shares of Broadcom in a report on Friday, December 12th. Bank of America increased their price objective on shares of Broadcom from $460.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Evercore ISI lifted their target price on shares of Broadcom from $342.00 to $403.00 and gave the company an “outperform” rating in a research report on Wednesday, October 15th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Broadcom in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Broadcom currently has a consensus rating of “Buy” and an average price target of $438.61.

Broadcom Profile

Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company’s semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.

On the semiconductor side, Broadcom’s portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.