Wealthquest Corp Makes New Investment in Broadcom Inc. $AVGO

Wealthquest Corp acquired a new stake in shares of Broadcom Inc. (NASDAQ:AVGO) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 898 shares of the semiconductor manufacturer’s stock, valued at approximately $248,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AVGO. Sawyer & Company Inc lifted 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 buying an additional 36 shares during the period. Longfellow Investment Management Co. LLC purchased a new position in Broadcom during the second quarter valued at approximately $27,000. Legend Financial Advisors Inc. acquired a new position in Broadcom in the second quarter valued at approximately $28,000. LGT Financial Advisors LLC purchased a new stake in Broadcom in the 2nd quarter worth approximately $31,000. Finally, New England Capital Financial Advisors LLC acquired a new stake in shares of Broadcom during the 2nd quarter worth approximately $31,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Insider Activity

In related news, Director Henry Samueli sold 368,797 shares of the company’s stock in a transaction dated 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 owned 37,722,534 shares of the company’s stock, valued at approximately $12,746,821,463.94. This represents a 0.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Charlie B. Kawwas sold 3,893 shares of the stock in a transaction dated 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 completion of the sale, the insider owned 25,295 shares of the company’s stock, valued at approximately $8,798,106.90. The trade was a 13.34% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders acquired 3,550 shares of company stock valued at $1,227,869 and sold 665,271 shares valued at $225,483,192. Insiders own 2.00% of the company’s stock.

Broadcom Price Performance

Shares of Broadcom stock opened at $402.89 on Friday. The stock has a market capitalization of $1.90 trillion, a P/E ratio of 102.78, a PEG ratio of 1.35 and a beta of 1.19. The business has a 50 day simple moving average of $352.16 and a two-hundred day simple moving average of $306.27. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $403.00. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37.

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

Broadcom Dividend Announcement

The firm 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. This represents a $2.36 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, September 22nd. Broadcom’s dividend payout ratio (DPR) is currently 60.20%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AVGO. Truist Financial boosted their target price on shares of Broadcom from $295.00 to $365.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Wall Street Zen lowered shares of Broadcom from a “buy” rating to a “hold” rating in a research note on Sunday, November 23rd. Raymond James Financial set a $420.00 target price on Broadcom and gave the company an “outperform” rating in a research report on Thursday, November 20th. 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, Mizuho set a $435.00 price objective on Broadcom and gave the company an “outperform” rating in a report on Tuesday, October 21st. Three analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $377.61.

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.