MFA Wealth Services Boosts Stake in Broadcom Inc. $AVGO

MFA Wealth Services boosted its holdings in Broadcom Inc. (NASDAQ:AVGO) by 1.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,762 shares of the semiconductor manufacturer’s stock after purchasing an additional 76 shares during the period. Broadcom comprises 1.0% of MFA Wealth Services’ portfolio, making the stock its 24th largest position. MFA Wealth Services’ holdings in Broadcom were worth $1,313,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in Broadcom by 21.8% during the 4th quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock valued at $6,882,000 after acquiring an additional 5,322 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in Broadcom by 10.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock valued at $1,854,000 after acquiring an additional 756 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Broadcom by 9.2% during the first quarter. GAMMA Investing LLC now owns 103,184 shares of the semiconductor manufacturer’s stock worth $17,276,000 after purchasing an additional 8,672 shares during the last quarter. Grimes & Company Inc. lifted its position in shares of Broadcom by 1.1% during the first quarter. Grimes & Company Inc. now owns 84,270 shares of the semiconductor manufacturer’s stock worth $14,109,000 after purchasing an additional 912 shares during the last quarter. Finally, Louisbourg Investments Inc. lifted its position in shares of Broadcom by 34.5% during the first quarter. Louisbourg Investments Inc. now owns 35,080 shares of the semiconductor manufacturer’s stock worth $5,873,000 after purchasing an additional 8,990 shares during the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom Stock Performance

AVGO opened at $344.13 on Wednesday. The business’s 50 day moving average is $324.84 and its 200-day moving average is $265.45. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. The stock has a market cap of $1.63 trillion, a PE ratio of 87.79, a price-to-earnings-growth ratio of 1.98 and a beta of 1.20. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $374.23.

Broadcom (NASDAQ:AVGO) last announced its earnings results 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 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 quarter 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, analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

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

Insider Activity

In other news, insider Charlie B. Kawwas sold 3,893 shares of the business’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total value of $1,354,063.26. Following the sale, the insider owned 25,295 shares of the company’s stock, valued at approximately $8,798,106.90. The trade was a 13.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Henry Samueli sold 368,797 shares of the business’s stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total value of $124,620,194.27. Following the completion of the sale, the director directly 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 disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 3,550 shares of company stock valued at $1,227,869 and have sold 664,471 shares valued at $225,184,128. 2.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AVGO. Wall Street Zen raised Broadcom from a “hold” rating to a “buy” rating in a report on Saturday, September 6th. KeyCorp set a $460.00 price objective on Broadcom in a research note on Monday. Citigroup restated a “buy” rating and set a $415.00 price objective (up from $350.00) on shares of Broadcom in a research note on Tuesday. Oppenheimer restated an “outperform” rating and issued a $360.00 price target (up from $325.00) on shares of Broadcom in a research report on Friday, September 5th. Finally, Argus raised their price target on shares of Broadcom from $285.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, September 8th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Broadcom has a consensus rating of “Buy” and a consensus price target of $370.07.

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.