Wealth Effects LLC Increases Stock Holdings in Broadcom Inc. (NASDAQ:AVGO)

Wealth Effects LLC boosted its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 11.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,499 shares of the semiconductor manufacturer's stock after buying an additional 1,437 shares during the quarter. Broadcom makes up 1.2% of Wealth Effects LLC's investment portfolio, making the stock its 12th largest holding. Wealth Effects LLC's holdings in Broadcom were worth $3,361,000 as of its most recent filing with the Securities and Exchange Commission.

• 3 Lean and Mean Stocks Generating Over $1M in Revenue Per Worker

Several other large investors have also bought and sold shares of AVGO. Perigon Wealth Management LLC lifted its position in shares of Broadcom by 45.4% during the 4th quarter. Perigon Wealth Management LLC now owns 152,491 shares of the semiconductor manufacturer's stock worth $34,983,000 after buying an additional 47,642 shares in the last quarter. Hutchens & Kramer Investment Management Group LLC grew its holdings in shares of Broadcom by 9.5% in the fourth quarter. Hutchens & Kramer Investment Management Group LLC now owns 1,541 shares of the semiconductor manufacturer's stock valued at $357,000 after acquiring an additional 134 shares in the last quarter. KFA Private Wealth Group LLC increased its position in shares of Broadcom by 2.5% during the fourth quarter. KFA Private Wealth Group LLC now owns 1,756 shares of the semiconductor manufacturer's stock valued at $407,000 after acquiring an additional 42 shares during the last quarter. VCI Wealth Management LLC bought a new stake in Broadcom during the fourth quarter worth $4,071,000. Finally, Matrix Asset Advisors Inc. NY purchased a new position in Broadcom in the fourth quarter worth $246,000. 76.43% of the stock is currently owned by institutional investors.

Insider Transactions at Broadcom

In other Broadcom news, Director Check Kian Low sold 48,000 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $235.35, for a total transaction of $11,296,800.00. Following the transaction, the director now directly owns 113,050 shares in the company, valued at $26,606,317.50. This trade represents a 29.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark David Brazeal sold 20,168 shares of Broadcom stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $238.79, for a total transaction of $4,815,916.72. Following the transaction, the insider now directly owns 321,660 shares in the company, valued at $76,809,191.40. This trade represents a 5.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 191,278 shares of company stock valued at $44,964,800. Insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

• Market Momentum: 3 Stocks Poised for Significant Breakouts

A number of research firms have recently commented on AVGO. Rosenblatt Securities reiterated a "buy" rating and set a $240.00 target price on shares of Broadcom in a research note on Wednesday, December 11th. Morgan Stanley lowered their price objective on shares of Broadcom from $265.00 to $246.00 and set an "overweight" rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. increased their target price on shares of Broadcom from $210.00 to $250.00 and gave the company an "overweight" rating in a research report on Friday, December 13th. Evercore ISI lifted their price target on shares of Broadcom from $201.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. Finally, TD Cowen increased their price objective on Broadcom from $210.00 to $240.00 and gave the company a "buy" rating in a report on Friday, December 13th. Three investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $225.04.

Check Out Our Latest Research Report on Broadcom

Broadcom Price Performance

• 3 Stocks to Benefit From China’s Rare Earth Export Ban on U.S.

Broadcom stock opened at $221.27 on Friday. The business has a 50-day simple moving average of $212.27 and a 200 day simple moving average of $181.58. Broadcom Inc. has a 52 week low of $117.43 and a 52 week high of $251.88. The stock has a market cap of $1.04 trillion, a price-to-earnings ratio of 180.48, a PEG ratio of 2.16 and a beta of 1.03. The company has a quick ratio of 1.07, a current ratio of 1.17 and a debt-to-equity ratio of 0.98.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its quarterly earnings data on Thursday, December 12th. The semiconductor manufacturer reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.03. The company had revenue of $14.05 billion for the quarter, compared to analysts' expectations of $14.07 billion. Broadcom had a net margin of 11.43% and a return on equity of 28.00%. Broadcom's revenue for the quarter was up 51.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.98 earnings per share. On average, research analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a dividend of $0.59 per share. The ex-dividend date was Monday, December 23rd. This represents a $2.36 annualized dividend and a dividend yield of 1.07%. This is a boost from Broadcom's previous quarterly dividend of $0.53. Broadcom's dividend payout ratio (DPR) is 192.50%.

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.

Featured Articles

• Five stocks we like better than Broadcom
• Technology Stocks Explained: Here's What to Know About Tech
• Nebius Group: Market Overreaction or Real AI Disruption?
• How to Invest in Tech Stocks and Top Tech Stocks to Consider
• The Best Way to Invest in Gold Is...
• How Technical Indicators Can Help You Find Oversold Stocks
• Why Nike Stock Could Be 2025’s Top Comeback Play

Want to see what other hedge funds are holding AVGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadcom Inc. (NASDAQ:AVGO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Broadcom Right Now?

Before you consider Broadcom, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Broadcom wasn't on the list.

While Broadcom currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here