Northcape Wealth Management LLC Grows Stock Holdings in Broadcom Inc. $AVGO

Northcape Wealth Management LLC grew its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 184.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,561 shares of the semiconductor manufacturer’s stock after purchasing an additional 7,497 shares during the period. Northcape Wealth Management LLC’s holdings in Broadcom were worth $3,187,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of AVGO. Brighton Jones LLC raised its stake in shares of Broadcom by 21.8% during the fourth quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock worth $6,882,000 after acquiring an additional 5,322 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Broadcom by 10.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock valued at $1,854,000 after purchasing an additional 756 shares in the last quarter. Leavell Investment Management Inc. grew its holdings in shares of Broadcom by 11.9% during the 1st quarter. Leavell Investment Management Inc. now owns 19,978 shares of the semiconductor manufacturer’s stock valued at $3,345,000 after purchasing an additional 2,128 shares during the last quarter. Alps Advisors Inc. raised its position in Broadcom by 12.6% in the 1st quarter. Alps Advisors Inc. now owns 23,831 shares of the semiconductor manufacturer’s stock worth $3,990,000 after purchasing an additional 2,676 shares during the period. Finally, Financial Gravity Asset Management Inc. bought a new stake in Broadcom in the first quarter worth $35,000. 76.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AVGO has been the topic of a number of recent research reports. Bank of America raised their price objective on Broadcom from $300.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Deutsche Bank Aktiengesellschaft set a $400.00 target price on Broadcom and gave the company a “buy” rating in a report on Tuesday, October 14th. TD Cowen lifted their price target on Broadcom from $355.00 to $370.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Morgan Stanley set a $409.00 price objective on Broadcom and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Finally, Mizuho set a $435.00 target price on shares of Broadcom and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Three research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $372.52.

Broadcom Stock Down 1.7%

Shares of Broadcom stock opened at $349.43 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 company’s fifty day simple moving average is $344.91 and its two-hundred day simple moving average is $289.00. The company has a market cap of $1.65 trillion, a P/E ratio of 89.14, a PEG ratio of 1.43 and a beta of 1.19. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $386.48.

Broadcom (NASDAQ:AVGO) last posted its 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. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The firm had revenue of $15.95 billion during the quarter, compared to analysts’ expectations of $15.82 billion. During the same period last year, the company posted $1.24 EPS. The company’s quarterly revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. Research analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

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

Insider Activity

In related news, insider Mark David Brazeal sold 16,558 shares of the company’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total value of $5,755,726.38. Following the sale, the insider directly owned 329,302 shares of the company’s stock, valued at $114,468,668.22. This represents a 4.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Henry Samueli sold 368,797 shares of the stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total value of $124,620,194.27. Following the completion of the transaction, the director owned 37,722,534 shares of the company’s stock, valued at approximately $12,746,821,463.94. This trade represents a 0.97% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have bought 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,464,248. Insiders own 2.00% of the company’s stock.

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.