Fourth Dimension Wealth LLC Purchases 1,714 Shares of Broadcom Inc. $AVGO

Fourth Dimension Wealth LLC lifted its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 571.3% during the second quarter, Holdings Channel.com reports. The firm owned 2,014 shares of the semiconductor manufacturer’s stock after buying an additional 1,714 shares during the quarter. Fourth Dimension Wealth LLC’s holdings in Broadcom were worth $555,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in AVGO. Cheviot Value Management LLC acquired a new stake in shares of Broadcom during the first quarter worth $25,000. Sawyer & Company Inc increased its position in Broadcom by 62.1% during the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 36 shares during the period. Legend Financial Advisors Inc. acquired a new stake in Broadcom in the 2nd quarter worth about $28,000. LGT Financial Advisors LLC bought a new stake in Broadcom in the 2nd quarter valued at about $31,000. Finally, Greenline Partners LLC acquired a new position in shares of Broadcom during the 1st quarter worth approximately $33,000. 76.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley set a $409.00 price target on shares of Broadcom and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Citigroup restated a “buy” rating and set a $415.00 price objective (up previously from $350.00) on shares of Broadcom in a research note on Tuesday, October 14th. Barclays set a $450.00 target price on Broadcom and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Rosenblatt Securities increased their target price on Broadcom from $340.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Finally, UBS Group set a $415.00 price target on Broadcom and gave the company a “buy” rating in a research note on Tuesday, October 14th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $372.52.

Insider Buying and Selling

In other Broadcom news, insider Mark David Brazeal sold 16,558 shares of the company’s stock in a transaction that occurred 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 transaction, the insider directly owned 329,302 shares in the company, valued at approximately $114,468,668.22. This represents a 4.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Charlie B. Kawwas sold 3,893 shares of the firm’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 transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. 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 owned by corporate insiders.

Broadcom Stock Down 1.7%

Shares of NASDAQ:AVGO opened at $349.43 on Friday. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $386.48. The company has a market capitalization of $1.65 trillion, a PE ratio of 89.14, a price-to-earnings-growth ratio of 1.41 and a beta of 1.19. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. The company has a fifty day moving average of $344.91 and a 200-day moving average of $289.83.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings data 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. The company 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%.Broadcom’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter last year, the business posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. On average, equities analysts predict that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

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

About Broadcom

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.