Envestnet Asset Management Inc. Acquires 234,108 Shares of Broadcom Inc. $AVGO

Envestnet Asset Management Inc. raised its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 3.4% in the second quarter, Holdings Channel.com reports. The firm owned 7,096,314 shares of the semiconductor manufacturer’s stock after buying an additional 234,108 shares during the period. Envestnet Asset Management Inc.’s holdings in Broadcom were worth $1,956,055,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in Broadcom by 21.8% during the 4th quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock valued at $6,882,000 after acquiring an additional 5,322 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Broadcom by 10.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock worth $1,854,000 after acquiring an additional 756 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in shares of Broadcom by 6.4% in the first quarter. Golden State Wealth Management LLC now owns 15,852 shares of the semiconductor manufacturer’s stock valued at $2,654,000 after purchasing an additional 954 shares during the last quarter. Sebold Capital Management Inc. lifted its position in shares of Broadcom by 72.5% during the first quarter. Sebold Capital Management Inc. now owns 1,742 shares of the semiconductor manufacturer’s stock valued at $292,000 after purchasing an additional 732 shares in the last quarter. Finally, Clark Asset Management LLC boosted its holdings in Broadcom by 33.6% during the first quarter. Clark Asset Management LLC now owns 2,131 shares of the semiconductor manufacturer’s stock worth $357,000 after purchasing an additional 536 shares during the last quarter. 76.43% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Broadcom news, Director Henry Samueli sold 368,797 shares of the business’s stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the sale, the director owned 37,722,534 shares of the company’s stock, valued at $12,746,821,463.94. The trade was a 0.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Charlie B. Kawwas sold 3,893 shares of the stock in a transaction 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 owned 25,295 shares in the company, valued at approximately $8,798,106.90. This represents a 13.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders bought 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,464,248. 2.00% of the stock is currently owned by corporate insiders.

Broadcom Trading Down 1.8%

Shares of AVGO opened at $369.63 on Friday. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $386.48. The business has a 50-day moving average of $339.31 and a 200 day moving average of $282.63. The firm has a market cap of $1.75 trillion, a P/E ratio of 94.29, a price-to-earnings-growth ratio of 2.12 and a beta of 1.20. 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 issued its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.03. The firm had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The company’s quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter last year, the business earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. As a group, research analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were issued a $0.59 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.36 annualized dividend and a yield of 0.6%. Broadcom’s dividend payout ratio (DPR) is 60.20%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AVGO shares. 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. Oppenheimer reaffirmed an “outperform” rating and issued a $360.00 target price (up from $325.00) on shares of Broadcom in a report on Friday, September 5th. UBS Group set a $415.00 price target on Broadcom and gave the company a “buy” rating in a research report on Tuesday, October 14th. JPMorgan Chase & Co. boosted their price objective on Broadcom from $325.00 to $400.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. Finally, Deutsche Bank Aktiengesellschaft set a $400.00 target price on Broadcom and gave the company a “buy” rating in a research report on Tuesday, October 14th. Three equities research 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $372.52.

About Broadcom

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.