Broadcom Inc. $AVGO Stock Position Raised by United Asset Strategies Inc.

United Asset Strategies Inc. grew its holdings in Broadcom Inc. (NASDAQ:AVGO) by 980.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,504 shares of the semiconductor manufacturer’s stock after buying an additional 102,996 shares during the quarter. Broadcom comprises 2.7% of United Asset Strategies Inc.’s investment portfolio, making the stock its 8th biggest holding. United Asset Strategies Inc.’s holdings in Broadcom were worth $31,287,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Sawyer & Company Inc increased its holdings in shares of Broadcom by 62.1% in the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 36 shares in the last quarter. Legend Financial Advisors Inc. acquired a new stake in shares of Broadcom in the second quarter valued at approximately $28,000. LGT Financial Advisors LLC acquired a new position in shares of Broadcom during the 2nd quarter worth approximately $31,000. Maseco LLP acquired a new stake in Broadcom during the 2nd quarter valued at $34,000. Finally, PFS Partners LLC raised its holdings in shares of Broadcom by 38.4% in the second quarter. PFS Partners LLC now owns 137 shares of the semiconductor manufacturer’s stock worth $38,000 after acquiring an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AVGO. KeyCorp set a $460.00 price objective on shares of Broadcom in a research note on Monday, October 13th. Deutsche Bank Aktiengesellschaft set a $400.00 price objective on Broadcom and gave the company a “buy” rating in a research note on Tuesday, October 14th. Bank of America upped their price target on shares of Broadcom from $300.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. The Goldman Sachs Group reissued a “buy” rating and set a $340.00 price target on shares of Broadcom in a research report on Wednesday, August 13th. Finally, TD Cowen boosted their price objective on shares of Broadcom from $355.00 to $370.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $372.52.

Insider Transactions at Broadcom

In related news, CFO Kirsten M. Spears sold 7,498 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total transaction of $2,606,754.68. Following the completion of the transaction, the chief financial officer owned 313,330 shares in the company, valued at $108,932,307.80. The trade was a 2.34% decrease in their position. The transaction 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 stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total value of $1,354,063.26. Following the completion of the sale, the insider directly owned 25,295 shares in the company, valued at $8,798,106.90. This represents a 13.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have purchased 3,550 shares of company stock valued at $1,227,869 and have sold 664,471 shares valued at $225,218,280. Insiders own 2.00% of the company’s stock.

Broadcom Stock Performance

AVGO stock opened at $342.46 on Friday. The stock’s 50 day simple moving average is $349.09 and its 200 day simple moving average is $295.48. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $386.48. The firm has a market cap of $1.62 trillion, a P/E ratio of 87.36, a P/E/G ratio of 1.38 and a beta of 1.19. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86.

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

Broadcom Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were paid a dividend of $0.59 per share. The ex-dividend date was Monday, September 22nd. This represents a $2.36 annualized dividend and a yield of 0.7%. Broadcom’s dividend 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.