Broadcom Inc. $AVGO Stock Position Boosted by FRG Family Wealth Advisors LLC

FRG Family Wealth Advisors LLC grew its holdings in Broadcom Inc. (NASDAQ:AVGO) by 1.1% during the second quarter, HoldingsChannel reports. The fund owned 96,178 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,021 shares during the period. Broadcom accounts for about 4.6% of FRG Family Wealth Advisors LLC’s investment portfolio, making the stock its 4th biggest holding. FRG Family Wealth Advisors LLC’s holdings in Broadcom were worth $26,512,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Cheviot Value Management LLC purchased a new position in shares of Broadcom in the 1st quarter valued at about $25,000. Sawyer & Company Inc boosted its stake in Broadcom by 62.1% in the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 36 shares in the last quarter. Legend Financial Advisors Inc. acquired a new position in Broadcom in the second quarter valued at $28,000. Wood Tarver Financial Group LLC boosted its stake in Broadcom by 342.5% in the first quarter. Wood Tarver Financial Group LLC now owns 177 shares of the semiconductor manufacturer’s stock valued at $30,000 after acquiring an additional 137 shares in the last quarter. Finally, LGT Financial Advisors LLC acquired a new position in Broadcom in the second quarter valued at $31,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Insiders Place Their Bets

In other news, insider Charlie B. Kawwas sold 3,893 shares of the business’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the completion of the sale, the insider directly owned 25,295 shares of the company’s stock, valued at $8,798,106.90. The trade was a 13.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Henry Samueli sold 368,797 shares of the business’s stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the sale, the director directly owned 37,722,534 shares of the company’s stock, valued at $12,746,821,463.94. This represents a 0.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have bought 3,550 shares of company stock valued at $1,227,869 and have sold 665,271 shares valued at $225,464,248. Company insiders own 2.00% of the company’s stock.

Broadcom Stock Performance

Shares of AVGO stock opened at $362.55 on Tuesday. The stock has a fifty day moving average price of $340.67 and a 200 day moving average price of $285.47. The stock has a market cap of $1.71 trillion, a PE ratio of 92.49, a P/E/G ratio of 2.08 and a beta of 1.19. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $386.48. 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 quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.03. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The business had revenue of $15.95 billion during the quarter, compared to analysts’ expectations of $15.82 billion. During the same period last year, the company posted $1.24 EPS. The company’s revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. Sell-side analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have issued reports on AVGO. KeyCorp set a $460.00 price objective on shares of Broadcom in a research note on Monday, October 13th. Macquarie started coverage on shares of Broadcom in a research note on Monday, September 15th. They issued an “outperform” rating and a $420.00 price objective for the company. Sanford C. Bernstein increased their target price on shares of Broadcom from $295.00 to $400.00 and gave the stock an “outperform” rating in a research note on Friday, September 5th. Arete Research upgraded shares of Broadcom to a “strong-buy” rating in a research note on Monday, July 28th. Finally, Mizuho set a $435.00 target price on shares of Broadcom and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. Three research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Broadcom has a consensus 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.