Broadcom Inc. $AVGO Shares Purchased by Wedbush Securities Inc.

Wedbush Securities Inc. increased its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 4.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 64,620 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,741 shares during the quarter. Broadcom makes up about 0.6% of Wedbush Securities Inc.’s investment portfolio, making the stock its 22nd largest position. Wedbush Securities Inc.’s holdings in Broadcom were worth $17,813,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in AVGO. Brighton Jones LLC grew its stake in shares of Broadcom by 21.8% in the 4th quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock valued at $6,882,000 after buying an additional 5,322 shares during the period. Revolve Wealth Partners LLC lifted its holdings in Broadcom by 10.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock valued at $1,854,000 after acquiring an additional 756 shares during the last quarter. Edgestream Partners L.P. grew its position in Broadcom by 88.6% in the first quarter. Edgestream Partners L.P. now owns 16,608 shares of the semiconductor manufacturer’s stock worth $2,781,000 after acquiring an additional 7,803 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Broadcom by 10.6% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,792,601 shares of the semiconductor manufacturer’s stock worth $467,565,000 after acquiring an additional 266,987 shares during the last quarter. Finally, Grey Fox Wealth Advisors LLC raised its position in Broadcom by 54.4% in the first quarter. Grey Fox Wealth Advisors LLC now owns 1,488 shares of the semiconductor manufacturer’s stock valued at $249,000 after purchasing an additional 524 shares during the period. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on AVGO shares. Argus increased their price target on Broadcom from $285.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, September 8th. Benchmark increased their target price on shares of Broadcom from $315.00 to $385.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Bank of America lifted their price target on shares of Broadcom from $300.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Weiss Ratings downgraded shares of Broadcom from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Finally, Mizuho set a $435.00 price objective on shares of Broadcom and gave the stock an “outperform” rating in a research report on Tuesday, October 21st. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $372.52.

Insider Transactions at Broadcom

In related news, CFO Kirsten M. Spears sold 7,498 shares of the business’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total transaction of $2,606,754.68. Following the completion of the transaction, the chief financial officer directly owned 313,330 shares of the company’s stock, valued at $108,932,307.80. The trade was a 2.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 sale, the insider owned 25,295 shares in the company, valued at approximately $8,798,106.90. This trade represents a 13.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders bought 3,550 shares of company stock valued at $1,227,869 and sold 665,271 shares valued at $225,464,248. 2.00% of the stock is currently owned by company insiders.

Broadcom Trading Down 1.8%

NASDAQ AVGO opened at $351.96 on Wednesday. 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 firm has a market cap of $1.66 trillion, a price-to-earnings ratio of 89.79, a PEG ratio of 1.45 and a beta of 1.19. The firm has a 50 day simple moving average of $347.20 and a 200-day simple moving average of $292.95. Broadcom Inc. has a one year low of $138.10 and a one year high of $386.48.

Broadcom (NASDAQ:AVGO) last announced its earnings results 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 the consensus estimate of $15.82 billion. During the same period in the prior year, the firm earned $1.24 EPS. The firm’s revenue for the quarter was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. Equities research analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

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

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.