Concord Asset Management LLC VA Raises Holdings in Broadcom Inc. $AVGO

Concord Asset Management LLC VA increased its position in Broadcom Inc. (NASDAQ:AVGO) by 5.0% in the 2nd quarter, Holdings Channel reports. The firm owned 31,261 shares of the semiconductor manufacturer’s stock after buying an additional 1,476 shares during the period. Broadcom makes up 1.3% of Concord Asset Management LLC VA’s holdings, making the stock its 18th biggest holding. Concord Asset Management LLC VA’s holdings in Broadcom were worth $8,617,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Total Clarity Wealth Management Inc. increased its position in Broadcom by 35.9% during the second quarter. Total Clarity Wealth Management Inc. now owns 2,406 shares of the semiconductor manufacturer’s stock worth $663,000 after buying an additional 635 shares during the period. Vest Financial LLC grew its position in shares of Broadcom by 24.2% during the second quarter. Vest Financial LLC now owns 91,690 shares of the semiconductor manufacturer’s stock worth $25,274,000 after acquiring an additional 17,880 shares during the last quarter. M.E. Allison & CO. Inc. increased its holdings in shares of Broadcom by 8.0% in the 2nd quarter. M.E. Allison & CO. Inc. now owns 9,521 shares of the semiconductor manufacturer’s stock valued at $2,625,000 after acquiring an additional 708 shares during the period. Welch Group LLC raised its position in Broadcom by 14.4% in the 2nd quarter. Welch Group LLC now owns 32,562 shares of the semiconductor manufacturer’s stock valued at $8,976,000 after purchasing an additional 4,098 shares during the last quarter. Finally, Cypress Capital Group boosted its stake in Broadcom by 2.0% during the 2nd quarter. Cypress Capital Group now owns 54,865 shares of the semiconductor manufacturer’s stock worth $15,124,000 after purchasing an additional 1,066 shares during the period. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom Stock Performance

Shares of AVGO stock opened at $349.33 on Monday. 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 50 day simple moving average of $327.73 and a 200-day simple moving average of $270.05. The company has a market cap of $1.65 trillion, a price-to-earnings ratio of 89.11, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $374.23.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.03. The firm had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The company’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. On average, equities analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were issued 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 was Monday, September 22nd. Broadcom’s dividend payout ratio (DPR) is currently 60.20%.

Wall Street Analyst Weigh In

A number of research firms have commented on AVGO. Wells Fargo & Company lifted their price objective on shares of Broadcom from $255.00 to $345.00 and gave the company an “equal weight” rating in a research note on Friday, September 5th. Truist Financial raised their price target on Broadcom from $295.00 to $365.00 and gave the stock a “buy” rating in a report on Friday, September 5th. HSBC raised Broadcom from a “hold” rating to a “buy” rating and set a $400.00 price objective for the company in a research note on Tuesday, June 24th. Arete Research raised Broadcom to a “strong-buy” rating in a report on Monday, July 28th. Finally, TD Cowen upped their price target on Broadcom from $355.00 to $370.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $372.33.

Insider Transactions at Broadcom

In other news, Director Justine Page sold 800 shares of Broadcom stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $350.15, for a total transaction of $280,120.00. Following the completion of the sale, the director directly owned 22,182 shares in the company, valued at approximately $7,767,027.30. This trade represents a 3.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Henry Samueli sold 368,797 shares of the business’s stock in a transaction that occurred 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 sale, the director directly owned 37,722,534 shares in the company, valued at $12,746,821,463.94. This trade represents a 0.97% decrease in their position. The disclosure for this sale can be found here. Over the last three months, 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.

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.