Wealth Management Partners LLC Has $3.02 Million Stock Holdings in Broadcom Inc. $AVGO

Wealth Management Partners LLC lifted its holdings in Broadcom Inc. (NASDAQ:AVGO) by 6.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,027 shares of the semiconductor manufacturer’s stock after buying an additional 663 shares during the period. Broadcom comprises approximately 1.1% of Wealth Management Partners LLC’s portfolio, making the stock its 20th biggest position. Wealth Management Partners LLC’s holdings in Broadcom were worth $3,023,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Nuveen LLC acquired a new stake in Broadcom during the first quarter valued at $6,649,117,000. Price T Rowe Associates Inc. MD boosted its position in Broadcom by 37.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer’s stock valued at $10,968,270,000 after purchasing an additional 17,985,046 shares during the last quarter. GAMMA Investing LLC boosted its position in Broadcom by 18,179.3% during the first quarter. GAMMA Investing LLC now owns 17,276,164 shares of the semiconductor manufacturer’s stock valued at $2,892,548,000 after purchasing an additional 17,181,652 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Broadcom by 16.7% during the first quarter. Goldman Sachs Group Inc. now owns 31,854,414 shares of the semiconductor manufacturer’s stock valued at $5,333,384,000 after purchasing an additional 4,550,647 shares during the last quarter. Finally, Deutsche Bank AG boosted its position in Broadcom by 36.9% during the first quarter. Deutsche Bank AG now owns 15,758,895 shares of the semiconductor manufacturer’s stock valued at $2,638,512,000 after purchasing an additional 4,245,345 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

Broadcom Stock Performance

Shares of Broadcom stock opened at $338.79 on Tuesday. The firm has a fifty day moving average of $309.32 and a two-hundred day moving average of $249.20. The stock has a market capitalization of $1.60 trillion, a price-to-earnings ratio of 86.43, a PEG ratio of 1.91 and a beta of 1.16. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $374.23. 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 EPS for the quarter, beating the consensus estimate of $1.66 by $0.03. The company had revenue of $15.95 billion during the quarter, compared to analysts’ expectations of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The business’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities research analysts predict that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

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

Insiders Place Their Bets

In related news, insider Charlie B. Kawwas sold 3,893 shares of the company’s stock in a transaction 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 sale, the insider owned 25,295 shares in the company, valued at $8,798,106.90. This represents a 13.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Hock E. Tan sold 148,154 shares of the company’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $336.67, for a total transaction of $49,879,007.18. Following the completion of the sale, the chief executive officer owned 825,998 shares of the company’s stock, valued at approximately $278,088,746.66. This represents a 15.21% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 3,550 shares of company stock worth $1,227,869 and have sold 714,172 shares worth $204,311,160. Corporate insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on AVGO shares. Susquehanna lifted their price objective on Broadcom from $280.00 to $300.00 and gave the company a “positive” rating in a research report on Friday, June 6th. Wall Street Zen raised Broadcom from a “hold” rating to a “buy” rating in a research report on Saturday, September 6th. Benchmark boosted their price target on Broadcom from $315.00 to $385.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Citigroup boosted their price target on Broadcom from $315.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $360.00 price target (up previously from $325.00) on shares of Broadcom in a research report on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Broadcom has a consensus rating of “Buy” and an average target price of $356.48.

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.