GPS Wealth Strategies Group LLC Has $20.28 Million Stock Position in Broadcom Inc. $AVGO

GPS Wealth Strategies Group LLC grew its position in Broadcom Inc. (NASDAQ:AVGO) by 17.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,571 shares of the semiconductor manufacturer’s stock after purchasing an additional 11,041 shares during the quarter. Broadcom comprises approximately 2.3% of GPS Wealth Strategies Group LLC’s investment portfolio, making the stock its 9th biggest position. GPS Wealth Strategies Group LLC’s holdings in Broadcom were worth $20,280,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Ring Mountain Capital LLC lifted its holdings in Broadcom by 3.1% during the 2nd quarter. Ring Mountain Capital LLC now owns 18,156 shares of the semiconductor manufacturer’s stock worth $5,144,000 after purchasing an additional 551 shares during the last quarter. Blue Barn Wealth LLC increased its position in Broadcom by 18.2% during the 2nd quarter. Blue Barn Wealth LLC now owns 1,969 shares of the semiconductor manufacturer’s stock worth $543,000 after buying an additional 303 shares during the period. Ellevest Inc. lifted its holdings in shares of Broadcom by 21.7% during the second quarter. Ellevest Inc. now owns 4,398 shares of the semiconductor manufacturer’s stock worth $1,212,000 after buying an additional 783 shares in the last quarter. Artemis Wealth Advisors LLC bought a new stake in shares of Broadcom in the second quarter valued at about $7,029,000. Finally, TME Financial Inc. bought a new stake in shares of Broadcom in the second quarter valued at about $214,000. Institutional investors own 76.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. raised their price target on shares of Broadcom from $325.00 to $400.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. Oppenheimer reaffirmed an “outperform” rating and set a $360.00 target price (up from $325.00) on shares of Broadcom in a report on Friday, September 5th. Rosenblatt Securities lifted their price target on shares of Broadcom from $340.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Evercore ISI increased their price target on Broadcom from $342.00 to $403.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 15th. Finally, Morgan Stanley set a $409.00 price objective on Broadcom and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. 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 company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $372.52.

Insider Transactions at Broadcom

In related news, Director Henry Samueli sold 368,797 shares of Broadcom stock in a transaction that occurred 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 approximately $12,746,821,463.94. The trade was a 0.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Charlie B. Kawwas sold 3,893 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the transaction, the insider owned 25,295 shares of the company’s stock, valued at approximately $8,798,106.90. This represents a 13.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have purchased 3,550 shares of company stock valued at $1,227,869 and have sold 665,271 shares valued at $225,464,248. Insiders own 2.00% of the company’s stock.

Broadcom Stock Performance

Shares of NASDAQ:AVGO opened at $349.43 on Friday. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $386.48. The stock has a market capitalization of $1.65 trillion, a price-to-earnings 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 current ratio of 1.50 and a quick ratio of 1.37. The company’s 50 day simple moving average is $344.91 and its 200 day simple moving average is $289.83.

Broadcom (NASDAQ:AVGO) last released its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $15.82 billion. During the same period in the prior year, the company earned $1.24 earnings per share. The company’s quarterly revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. As a group, research analysts predict that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

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

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.