Simplicity Wealth LLC Increases Stock Holdings in Broadcom Inc. $AVGO

Simplicity Wealth LLC lifted its stake in Broadcom Inc. (NASDAQ:AVGO) by 105.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 44,250 shares of the semiconductor manufacturer’s stock after purchasing an additional 22,710 shares during the quarter. Simplicity Wealth LLC’s holdings in Broadcom were worth $12,197,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Brown Miller Wealth Management LLC boosted its holdings in shares of Broadcom by 18.4% in the 2nd quarter. Brown Miller Wealth Management LLC now owns 23,155 shares of the semiconductor manufacturer’s stock worth $6,383,000 after purchasing an additional 3,602 shares during the period. Chemung Canal Trust Co. lifted its stake in shares of Broadcom by 30.5% during the 2nd quarter. Chemung Canal Trust Co. now owns 8,554 shares of the semiconductor manufacturer’s stock worth $2,358,000 after acquiring an additional 2,001 shares during the last quarter. OLD National Bancorp IN bought a new stake in shares of Broadcom during the 2nd quarter worth approximately $1,370,000. Olistico Wealth LLC lifted its stake in shares of Broadcom by 6.5% during the 2nd quarter. Olistico Wealth LLC now owns 11,461 shares of the semiconductor manufacturer’s stock worth $3,159,000 after acquiring an additional 695 shares during the last quarter. Finally, Sutton Place Investors LLC lifted its stake in shares of Broadcom by 25.2% during the 2nd quarter. Sutton Place Investors LLC now owns 3,845 shares of the semiconductor manufacturer’s stock worth $1,060,000 after acquiring an additional 775 shares during the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom Stock Down 0.1%

Shares of AVGO stock opened at $345.02 on Friday. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $374.23. The stock’s fifty day moving average price is $321.92 and its 200 day moving average price is $261.43. 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 cap of $1.63 trillion, a price-to-earnings ratio of 88.02, a price-to-earnings-growth ratio of 1.91 and a beta of 1.20.

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 return on equity of 36.60% and a net margin of 31.59%.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 previous year, the business 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. On average, research analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, September 22nd. Broadcom’s payout ratio is presently 60.20%.

Wall Street Analyst Weigh In

AVGO has been the subject of a number of research analyst reports. Macquarie initiated coverage on Broadcom in a research note on Monday, September 15th. They set an “outperform” rating and a $420.00 price target for the company. UBS Group raised their price target on Broadcom from $290.00 to $345.00 and gave the stock a “buy” rating in a research note on Monday, August 25th. Benchmark raised their price target on Broadcom from $315.00 to $385.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Mizuho raised their price target on Broadcom from $355.00 to $410.00 and gave the stock an “outperform” rating in a research note on Friday, September 12th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $340.00 target price on shares of Broadcom in a report on Wednesday, August 13th. Three research 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 stock currently has a consensus rating of “Buy” and a consensus target price of $357.22.

Insider Buying and Selling at Broadcom

In other Broadcom news, insider Mark David Brazeal sold 16,558 shares of the business’s stock in a transaction dated 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 owned 329,302 shares in the company, valued at approximately $114,468,668.22. The trade was a 4.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Hock E. Tan sold 100,000 shares of the business’s stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $339.58, for a total value of $33,958,000.00. Following the sale, the chief executive officer owned 725,638 shares in the company, valued at approximately $246,412,152.04. The trade was a 12.11% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have bought 3,550 shares of company stock worth $1,227,869 and have sold 666,071 shares worth $225,623,008. 2.00% of the stock is owned by company insiders.

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.