Broadcom Inc. $AVGO Position Raised by Cerro Pacific Wealth Advisors LLC

Cerro Pacific Wealth Advisors LLC raised its stake in Broadcom Inc. (NASDAQ:AVGO) by 2.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 19,678 shares of the semiconductor manufacturer’s stock after buying an additional 540 shares during the quarter. Broadcom makes up about 1.5% of Cerro Pacific Wealth Advisors LLC’s investment portfolio, making the stock its 19th largest holding. Cerro Pacific Wealth Advisors LLC’s holdings in Broadcom were worth $5,424,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Broadcom during the first quarter worth approximately $25,000. Cheviot Value Management LLC acquired a new position in shares of Broadcom during the first quarter valued at $25,000. Inlight Wealth Management LLC acquired a new position in shares of Broadcom during the first quarter valued at $26,000. Sawyer & Company Inc increased its holdings in shares of Broadcom by 62.1% during the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 36 shares during the period. Finally, Legend Financial Advisors Inc. bought a new position in Broadcom in the 2nd quarter valued at about $28,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Broadcom Stock Performance

AVGO opened at $349.33 on Friday. The firm has a market cap of $1.65 trillion, a PE ratio of 89.11, a P/E/G ratio of 1.99 and a beta of 1.20. 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 business has a fifty day simple moving average of $327.73 and a 200-day simple moving average of $268.57. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $374.23.

Broadcom (NASDAQ:AVGO) last announced 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. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The business had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.82 billion. During the same period in the prior year, the business posted $1.24 earnings per share. Broadcom’s revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities analysts predict that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, September 22nd. Broadcom’s dividend payout ratio (DPR) is 60.20%.

Insiders Place Their Bets

In other news, CFO Kirsten M. Spears sold 7,498 shares of the stock in a transaction on Wednesday, September 17th. The stock was 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 owned 313,330 shares in the company, valued at $108,932,307.80. This represents a 2.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mark David Brazeal sold 16,558 shares of the stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total value of $5,755,726.38. Following the completion of the sale, the insider owned 329,302 shares of the company’s stock, valued at $114,468,668.22. The trade was a 4.79% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 3,550 shares of company stock valued at $1,227,869 and sold 665,271 shares valued at $225,464,248. 2.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AVGO. Weiss Ratings lowered shares of Broadcom from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Piper Sandler boosted their target price on Broadcom from $315.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. Wall Street Zen upgraded Broadcom from a “hold” rating to a “buy” rating in a research report on Saturday, September 6th. Mizuho set a $430.00 price target on Broadcom in a research report on Monday. Finally, KeyCorp set a $460.00 target price on Broadcom in a research note on Monday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $372.33.

Broadcom Company 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.