Focus Partners Wealth Purchases 313,404 Shares of Broadcom Inc. $AVGO

Focus Partners Wealth raised its position in Broadcom Inc. (NASDAQ:AVGO) by 46.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 983,561 shares of the semiconductor manufacturer’s stock after purchasing an additional 313,404 shares during the quarter. Focus Partners Wealth’s holdings in Broadcom were worth $164,678,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Flaharty Asset Management LLC bought a new position in Broadcom in the first quarter valued at about $137,000. Strive Asset Management LLC raised its position in shares of Broadcom by 41.6% during the first quarter. Strive Asset Management LLC now owns 1,396 shares of the semiconductor manufacturer’s stock worth $234,000 after acquiring an additional 410 shares during the last quarter. Integrity Alliance LLC. raised its position in shares of Broadcom by 914.4% during the first quarter. Integrity Alliance LLC. now owns 70,097 shares of the semiconductor manufacturer’s stock worth $11,736,000 after acquiring an additional 63,187 shares during the last quarter. SageView Advisory Group LLC raised its position in shares of Broadcom by 10.9% during the first quarter. SageView Advisory Group LLC now owns 24,119 shares of the semiconductor manufacturer’s stock worth $4,038,000 after acquiring an additional 2,363 shares during the last quarter. Finally, Game Plan Financial Advisors LLC raised its position in shares of Broadcom by 16.9% during the first quarter. Game Plan Financial Advisors LLC now owns 17,955 shares of the semiconductor manufacturer’s stock worth $3,006,000 after acquiring an additional 2,600 shares during the last quarter. 76.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on AVGO shares. Cowen restated a “buy” rating on shares of Broadcom in a research report on Friday, June 6th. The Goldman Sachs Group restated a “buy” rating and issued a $340.00 target price on shares of Broadcom in a report on Wednesday, August 13th. UBS Group boosted their target price on shares of Broadcom from $290.00 to $345.00 and gave the company a “buy” rating in a report on Monday, August 25th. Wells Fargo & Company boosted their target price on shares of Broadcom from $255.00 to $345.00 and gave the company an “equal weight” rating in a report on Friday, September 5th. Finally, Arete Research upgraded Broadcom to a “strong-buy” rating in a report on Monday, July 28th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $351.92.

Broadcom Trading Down 2.6%

NASDAQ AVGO opened at $336.67 on Wednesday. The company has a market cap of $1.58 trillion, a price-to-earnings ratio of 85.89, a P/E/G ratio of 1.89 and a beta of 1.16. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $356.34. The business has a 50 day moving average price of $294.92 and a 200-day moving average price of $238.95. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86.

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

Broadcom Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd will be issued a dividend of $0.59 per share. The ex-dividend date is Monday, September 22nd. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. Broadcom’s payout ratio is currently 60.20%.

Insider Activity

In other news, Director Henry Samueli sold 473,898 shares of the business’s stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $265.33, for a total transaction of $125,739,356.34. Following the completion of the sale, the director owned 38,188,575 shares in the company, valued at $10,132,574,604.75. The trade was a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Kirsten M. Spears sold 36,350 shares of the business’s stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $261.27, for a total value of $9,497,164.50. Following the sale, the chief financial officer owned 325,587 shares of the company’s stock, valued at approximately $85,066,115.49. This represents a 10.04% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 820,516 shares of company stock valued at $214,757,657. Corporate insiders own 2.00% of the company’s stock.

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.