Broadcom Inc. $AVGO Shares Bought by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC grew its holdings in Broadcom Inc. (NASDAQ:AVGO) by 7.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,884 shares of the semiconductor manufacturer’s stock after acquiring an additional 423 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in Broadcom were worth $1,622,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Sawyer & Company Inc increased its stake in Broadcom by 62.1% during 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. Longfellow Investment Management Co. LLC purchased a new stake in shares of Broadcom during the second quarter valued at $27,000. Legend Financial Advisors Inc. purchased a new stake in shares of Broadcom during the second quarter valued at $28,000. LGT Financial Advisors LLC acquired a new position in shares of Broadcom in the 2nd quarter valued at $31,000. Finally, New England Capital Financial Advisors LLC purchased a new position in Broadcom in the 2nd quarter worth $31,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom Trading Up 1.3%

Broadcom stock opened at $402.89 on Friday. 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 firm has a market cap of $1.90 trillion, a PE ratio of 102.78, a P/E/G ratio of 1.35 and a beta of 1.19. The stock’s 50 day simple moving average is $352.16 and its two-hundred day simple moving average is $306.27. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $403.00.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) 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 firm had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $15.82 billion. During the same period in the prior year, the firm posted $1.24 earnings per share. The firm’s quarterly revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. Analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Monday, September 22nd. Broadcom’s payout ratio is currently 60.20%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft set a $400.00 price target on Broadcom and gave the company a “buy” rating in a research note on Tuesday, October 14th. Rosenblatt Securities upped their target price on Broadcom from $340.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Oppenheimer reiterated an “outperform” rating and issued a $360.00 price target (up previously from $325.00) on shares of Broadcom in a report on Friday, September 5th. Morgan Stanley set a $409.00 price objective on shares of Broadcom and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Finally, Citigroup reiterated a “buy” rating and issued a $415.00 price objective (up previously from $350.00) on shares of Broadcom in a research note on Tuesday, October 14th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $377.61.

Insider Buying and Selling

In other news, CFO Kirsten M. Spears sold 7,498 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total transaction of $2,606,754.68. Following the completion of the transaction, the chief financial officer directly owned 313,330 shares of the company’s stock, valued at $108,932,307.80. This represents a 2.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Henry Samueli sold 368,797 shares of Broadcom 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 completion of the sale, the director directly owned 37,722,534 shares in the company, valued at $12,746,821,463.94. This represents a 0.97% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, 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 owned by company insiders.

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.