HORAN Wealth LLC Makes New Investment in Broadcom Inc. $AVGO

HORAN Wealth LLC 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 47,902 shares of the semiconductor manufacturer’s stock, valued at approximately $13,204,000. Broadcom accounts for 4.0% of HORAN Wealth LLC’s portfolio, making the stock its 5th largest holding.

Several other large investors have also made changes to their positions in the business. Suncoast Equity Management acquired a new stake in shares of Broadcom in the second quarter worth $211,000. SouthState Corp lifted its position in Broadcom by 1.4% during the second quarter. SouthState Corp now owns 239,591 shares of the semiconductor manufacturer’s stock valued at $66,043,000 after purchasing an additional 3,378 shares during the period. Sienna Gestion boosted its holdings in Broadcom by 10.2% in the second quarter. Sienna Gestion now owns 153,329 shares of the semiconductor manufacturer’s stock valued at $38,588,000 after purchasing an additional 14,221 shares during the last quarter. Horan Securities Inc. grew its position in Broadcom by 9.1% during the 2nd quarter. Horan Securities Inc. now owns 4,463 shares of the semiconductor manufacturer’s stock worth $1,230,000 after purchasing an additional 371 shares during the period. Finally, Black Swift Group LLC acquired a new stake in Broadcom during the 2nd quarter worth about $318,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Broadcom

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 transaction, the director 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Hock E. Tan sold 148,154 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $336.67, for a total transaction of $49,879,007.18. Following the completion of the transaction, the chief executive officer directly owned 825,998 shares in the company, valued at $278,088,746.66. This represents a 15.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders bought 3,550 shares of company stock valued at $1,227,869 and sold 665,271 shares valued at $225,464,248. 2.00% of the stock is currently owned by company insiders.

Broadcom Stock Down 1.7%

Shares of AVGO opened at $349.43 on Monday. The firm has a market cap of $1.65 trillion, a P/E ratio of 89.14, a PEG ratio of 1.41 and a beta of 1.19. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $386.48. The stock’s 50 day moving average is $344.91 and its two-hundred day moving average is $290.63. 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 announced its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.03. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The business had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.82 billion. During the same period in the prior year, the company posted $1.24 EPS. The business’s quarterly revenue was up 22.0% on a year-over-year basis. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were given 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 yield of 0.7%. Broadcom’s dividend payout ratio is currently 60.20%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AVGO shares. Truist Financial boosted their price objective on Broadcom from $295.00 to $365.00 and gave the company a “buy” rating in a report on Friday, September 5th. Argus lifted their price target on Broadcom from $285.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, September 8th. TD Cowen boosted their price target on Broadcom from $355.00 to $370.00 and gave the company a “buy” rating in a report on Friday, September 5th. Mizuho set a $435.00 price objective on Broadcom and gave the stock an “outperform” rating in a research report on Tuesday, October 21st. Finally, Deutsche Bank Aktiengesellschaft set a $400.00 target price on shares of Broadcom and gave the company a “buy” rating in a report on Tuesday, October 14th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $372.52.

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.