Broadcom Inc. $AVGO is Westwood Wealth Management’s 5th Largest Position

Westwood Wealth Management lowered its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 0.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 59,375 shares of the semiconductor manufacturer’s stock after selling 525 shares during the period. Broadcom makes up approximately 5.5% of Westwood Wealth Management’s investment portfolio, making the stock its 5th largest position. Westwood Wealth Management’s holdings in Broadcom were worth $16,367,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the company. Elm Partners Management LLC purchased a new stake in shares of Broadcom during the 2nd quarter worth $222,000. Triglav Investments D.O.O. lifted its holdings in Broadcom by 32.8% during the 2nd quarter. Triglav Investments D.O.O. now owns 213,185 shares of the semiconductor manufacturer’s stock worth $58,765,000 after buying an additional 52,616 shares during the last quarter. Jessup Wealth Management Inc acquired a new position in shares of Broadcom during the 2nd quarter worth about $243,000. Welch & Forbes LLC increased its stake in Broadcom by 17.6% in the second quarter. Welch & Forbes LLC now owns 204,891 shares of the semiconductor manufacturer’s stock valued at $56,478,000 after purchasing an additional 30,733 shares during the last quarter. Finally, Plato Investment Management Ltd boosted its holdings in shares of Broadcom by 29.9% in the 2nd quarter. Plato Investment Management Ltd now owns 104,984 shares of the semiconductor manufacturer’s stock valued at $28,833,000 after buying an additional 24,148 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom Stock Performance

Shares of NASDAQ AVGO opened at $355.59 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. The firm’s 50-day moving average price is $343.86 and its two-hundred day moving average price is $287.73. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $386.48. The stock has a market capitalization of $1.68 trillion, a P/E ratio of 90.71, a P/E/G ratio of 1.45 and a beta of 1.19.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, beating 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 last year, the firm posted $1.24 EPS. Broadcom’s quarterly revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. As a group, sell-side analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current 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 paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, September 22nd. Broadcom’s payout ratio is currently 60.20%.

Insiders Place Their Bets

In related news, insider Charlie B. Kawwas sold 3,893 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total value of $1,354,063.26. Following the completion of the transaction, the insider owned 25,295 shares of the company’s stock, valued at approximately $8,798,106.90. This trade represents a 13.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Henry Samueli sold 368,797 shares of Broadcom stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $337.91, for a total value of $124,620,194.27. Following the transaction, the director owned 37,722,534 shares in the company, valued at $12,746,821,463.94. This represents a 0.97% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have acquired 3,550 shares of company stock valued at $1,227,869 and have sold 665,271 shares valued at $225,464,248. Corporate insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

AVGO has been the topic of a number of recent research reports. Citigroup reissued a “buy” rating and issued a $415.00 target price (up previously from $350.00) on shares of Broadcom in a report on Tuesday, October 14th. Truist Financial lifted their price objective on Broadcom from $295.00 to $365.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Deutsche Bank Aktiengesellschaft set a $400.00 price target on shares of Broadcom and gave the company a “buy” rating in a research report on Tuesday, October 14th. Morgan Stanley set a $409.00 target price on shares of Broadcom and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Finally, Piper Sandler upped their price objective on Broadcom from $315.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Broadcom currently has a consensus rating of “Buy” and a consensus price target of $372.52.

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.