Wescott Financial Advisory Group LLC Grows Stock Holdings in Broadcom Inc. $AVGO

Wescott Financial Advisory Group LLC increased its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 33.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,771 shares of the semiconductor manufacturer’s stock after acquiring an additional 445 shares during the quarter. Wescott Financial Advisory Group LLC’s holdings in Broadcom were worth $488,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cheviot Value Management LLC acquired a new position in Broadcom during the 1st quarter valued at about $25,000. Sawyer & Company Inc grew its stake in shares of 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 last quarter. Legend Financial Advisors Inc. acquired a new position in shares of Broadcom during the second quarter valued at about $28,000. LGT Financial Advisors LLC acquired a new position in shares of Broadcom during the second quarter valued at about $31,000. Finally, New England Capital Financial Advisors LLC purchased a new position in shares of Broadcom in the 2nd quarter valued at approximately $31,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Broadcom

In other news, CEO Hock E. Tan sold 100,000 shares of the company’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $339.58, for a total value of $33,958,000.00. Following the transaction, the chief executive officer owned 725,638 shares of the company’s stock, valued at $246,412,152.04. This represents a 12.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Charlie B. Kawwas sold 3,893 shares of the firm’s stock in a transaction dated 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 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 ownership of the stock. 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 worth $1,227,869 and have sold 665,271 shares worth $225,483,192. 2.00% of the stock is currently owned by corporate insiders.

Broadcom Stock Up 4.1%

Shares of AVGO opened at $354.42 on Thursday. 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 $1.67 trillion, a P/E ratio of 90.41, a PEG ratio of 1.17 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. The stock’s 50 day moving average is $348.80 and its two-hundred day moving average is $298.58.

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, topping analysts’ consensus estimates of $1.66 by $0.03. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The company had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. During the same quarter in the previous year, the company posted $1.24 earnings per share. The firm’s revenue for the quarter was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. Analysts predict that Broadcom Inc. will post 5.38 earnings per share 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 paid a $0.59 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. Broadcom’s dividend payout ratio is 60.20%.

Analysts Set New Price Targets

AVGO has been the subject of a number of research analyst reports. Truist Financial raised their price target on shares of Broadcom from $295.00 to $365.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Arete Research raised Broadcom to a “strong-buy” rating in a research report on Monday, July 28th. KeyCorp set a $460.00 target price on Broadcom in a research note on Monday, October 13th. JPMorgan Chase & Co. boosted their price target on Broadcom from $325.00 to $400.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. Finally, Wells Fargo & Company lifted their target price on Broadcom from $255.00 to $345.00 and gave the stock an “equal weight” rating in a report on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $372.52.

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.