Nwam LLC Grows Stock Holdings in Broadcom Inc. $AVGO

Nwam LLC increased its stake in Broadcom Inc. (NASDAQ:AVGO) by 1.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,368 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,399 shares during the period. Broadcom accounts for 2.4% of Nwam LLC’s portfolio, making the stock its 6th largest holding. Nwam LLC’s holdings in Broadcom were worth $29,094,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Assetmark Inc. lifted its position in Broadcom by 2.4% during the 2nd quarter. Assetmark Inc. now owns 1,703,487 shares of the semiconductor manufacturer’s stock valued at $469,566,000 after purchasing an additional 39,466 shares during the period. PARUS FINANCE UK Ltd grew its position in shares of Broadcom by 175.3% during the 1st quarter. PARUS FINANCE UK Ltd now owns 100,578 shares of the semiconductor manufacturer’s stock worth $16,840,000 after buying an additional 64,038 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of Broadcom by 27.9% during the first quarter. Geneos Wealth Management Inc. now owns 64,130 shares of the semiconductor manufacturer’s stock worth $10,737,000 after buying an additional 13,978 shares during the last quarter. Ethic Inc. raised its stake in shares of Broadcom by 1.6% during the second quarter. Ethic Inc. now owns 329,339 shares of the semiconductor manufacturer’s stock worth $88,708,000 after buying an additional 5,249 shares during the last quarter. Finally, Asio Capital LLC lifted its holdings in Broadcom by 2.0% in the second quarter. Asio Capital LLC now owns 54,459 shares of the semiconductor manufacturer’s stock valued at $15,012,000 after buying an additional 1,089 shares during the period. Institutional investors and hedge funds own 76.43% of the company’s stock.

Insider Activity at Broadcom

In related news, CEO Hock E. Tan sold 100,000 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $339.58, for a total transaction of $33,958,000.00. Following the sale, the chief executive officer directly owned 725,638 shares in the company, valued at $246,412,152.04. This trade represents a 12.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Henry Samueli sold 368,797 shares of the company’s stock in a transaction on Wednesday, September 24th. The stock was 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 directly owned 37,722,534 shares of the company’s stock, valued at approximately $12,746,821,463.94. The trade was a 0.97% 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 purchased 3,550 shares of company stock valued at $1,227,869 and have sold 664,471 shares valued at $225,218,280. 2.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on AVGO. Macquarie began coverage on shares of Broadcom in a report on Monday, September 15th. They set an “outperform” rating and a $420.00 target price for the company. Citigroup restated a “buy” rating and issued a $415.00 price target (up from $350.00) on shares of Broadcom in a research report on Tuesday, October 14th. Barclays set a $450.00 price objective on Broadcom and gave the company an “overweight” rating in a report on Tuesday, October 14th. Morgan Stanley set a $409.00 target price on Broadcom and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Finally, Deutsche Bank Aktiengesellschaft set a $400.00 target price on Broadcom and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Broadcom has an average rating of “Buy” and a consensus target price of $372.52.

Broadcom Stock Up 0.7%

Shares of Broadcom stock opened at $342.46 on Friday. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $386.48. The business has a 50-day moving average of $349.09 and a two-hundred day moving average of $294.75. The company has a market capitalization of $1.62 trillion, a P/E ratio of 87.36, a price-to-earnings-growth ratio of 1.37 and a beta of 1.19. 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 released its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $15.82 billion. During the same quarter in the previous year, the business posted $1.24 EPS. Broadcom’s revenue for the quarter was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities analysts predict that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

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

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.