Marion Wealth Management Has $1.03 Million Position in Broadcom Inc. $AVGO

Marion Wealth Management raised its position in Broadcom Inc. (NASDAQ:AVGO) by 15.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,744 shares of the semiconductor manufacturer’s stock after purchasing an additional 501 shares during the quarter. Marion Wealth Management’s holdings in Broadcom were worth $1,032,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in AVGO. Sawyer & Company Inc grew its holdings in Broadcom by 62.1% during the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 36 shares during the last quarter. PFS Partners LLC raised its stake in shares of Broadcom by 38.4% during the second quarter. PFS Partners LLC now owns 137 shares of the semiconductor manufacturer’s stock valued at $38,000 after acquiring an additional 38 shares during the last quarter. Costello Asset Management INC lifted its holdings in shares of Broadcom by 1.5% during the second quarter. Costello Asset Management INC now owns 2,528 shares of the semiconductor manufacturer’s stock worth $697,000 after purchasing an additional 38 shares during the period. Carson Advisory Inc. grew its stake in shares of Broadcom by 2.0% in the second quarter. Carson Advisory Inc. now owns 2,023 shares of the semiconductor manufacturer’s stock worth $558,000 after purchasing an additional 39 shares during the last quarter. Finally, Prairie Wealth Advisors Inc. increased its holdings in Broadcom by 0.6% in the second quarter. Prairie Wealth Advisors Inc. now owns 7,285 shares of the semiconductor manufacturer’s stock valued at $2,008,000 after purchasing an additional 40 shares during the period. 76.43% of the stock is currently owned by institutional investors.

Broadcom Price Performance

Shares of AVGO opened at $349.43 on Friday. The firm has a market cap of $1.65 trillion, a PE ratio of 89.14, a price-to-earnings-growth ratio of 1.43 and a beta of 1.19. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $386.48. The business’s 50 day moving average price is $344.91 and its two-hundred day moving average price is $289.00. 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 released 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 company had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.82 billion. During the same quarter in the previous year, the business posted $1.24 EPS. Broadcom’s revenue for the quarter was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. On average, equities analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

The business 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. The ex-dividend date was Monday, September 22nd. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. Broadcom’s dividend payout ratio is currently 60.20%.

Insider Activity

In related 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 transaction, the insider directly owned 329,302 shares of the company’s stock, valued at approximately $114,468,668.22. This represents a 4.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kirsten M. Spears sold 7,498 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $347.66, for a total value of $2,606,754.68. Following the completion of the sale, the chief financial officer directly owned 313,330 shares of the company’s stock, valued at $108,932,307.80. This trade represents a 2.34% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety 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. 2.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AVGO has been the topic of several recent research reports. TD Cowen lifted their target price on Broadcom from $355.00 to $370.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Weiss Ratings upgraded Broadcom from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 24th. KeyCorp set a $460.00 target price on Broadcom in a report on Monday, October 13th. Bank of America increased their target price on shares of Broadcom from $300.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Finally, UBS Group set a $415.00 price target on shares of Broadcom and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Three research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price 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.