Brookwood Investment Group LLC Has $15.99 Million Holdings in Broadcom Inc. $AVGO

Brookwood Investment Group LLC raised its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 7.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 58,014 shares of the semiconductor manufacturer’s stock after purchasing an additional 4,047 shares during the quarter. Broadcom accounts for approximately 2.6% of Brookwood Investment Group LLC’s holdings, making the stock its 7th biggest position. Brookwood Investment Group LLC’s holdings in Broadcom were worth $15,992,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. PARUS FINANCE UK Ltd grew its stake in shares of Broadcom by 175.3% during the 1st quarter. PARUS FINANCE UK Ltd now owns 100,578 shares of the semiconductor manufacturer’s stock valued at $16,840,000 after purchasing an additional 64,038 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of Broadcom by 27.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 64,130 shares of the semiconductor manufacturer’s stock valued at $10,737,000 after acquiring an additional 13,978 shares during the period. Ethic Inc. grew its stake in shares of Broadcom by 1.6% during the 2nd quarter. Ethic Inc. now owns 329,339 shares of the semiconductor manufacturer’s stock valued at $88,708,000 after acquiring an additional 5,249 shares during the period. Asio Capital LLC grew its stake in shares of Broadcom by 2.0% during the 2nd quarter. Asio Capital LLC now owns 54,459 shares of the semiconductor manufacturer’s stock valued at $15,012,000 after acquiring an additional 1,089 shares during the period. Finally, Jacobsen Capital Management grew its stake in shares of Broadcom by 11.1% during the 2nd quarter. Jacobsen Capital Management now owns 9,248 shares of the semiconductor manufacturer’s stock valued at $2,549,000 after acquiring an additional 926 shares during the period. 76.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Broadcom

In other news, insider Mark David Brazeal sold 16,558 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the sale, the insider directly owned 329,302 shares of the company’s stock, valued at $114,468,668.22. This represents a 4.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Charlie B. Kawwas sold 3,893 shares of the company’s stock in a transaction that occurred on 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 directly owned 25,295 shares in the company, valued at $8,798,106.90. This trade represents a 13.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders bought 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,464,248. Insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AVGO shares. Wall Street Zen downgraded Broadcom from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Morgan Stanley set a $409.00 price objective on Broadcom and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Wells Fargo & Company boosted their price objective on Broadcom from $255.00 to $345.00 and gave the company an “equal weight” rating in a research note on Friday, September 5th. Arete Research upgraded Broadcom to a “strong-buy” rating in a research note on Monday, July 28th. Finally, Sanford C. Bernstein boosted their price objective on Broadcom from $295.00 to $400.00 and gave the company an “outperform” rating in a research note on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $372.52.

Broadcom Trading Down 1.8%

AVGO stock opened at $369.63 on Friday. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $386.48. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. The company has a market capitalization of $1.75 trillion, a price-to-earnings ratio of 94.29, a PEG ratio of 2.08 and a beta of 1.20. The business has a 50 day simple moving average of $339.31 and a two-hundred day simple moving average of $283.36.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.03. The business had revenue of $15.95 billion for the quarter, compared to analysts’ expectations of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The company’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Research analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, September 22nd. Broadcom’s dividend payout ratio is 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.