Spartan Planning & Wealth Management Acquires 2,913 Shares of Broadcom Inc. $AVGO

Spartan Planning & Wealth Management lifted its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 49.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,835 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,913 shares during the period. Broadcom comprises approximately 2.1% of Spartan Planning & Wealth Management’s investment portfolio, making the stock its 14th largest holding. Spartan Planning & Wealth Management’s holdings in Broadcom were worth $2,435,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. PARUS FINANCE UK Ltd raised its stake 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 purchasing an additional 64,038 shares during the period. Geneos Wealth Management Inc. increased its holdings in Broadcom by 27.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 64,130 shares of the semiconductor manufacturer’s stock worth $10,737,000 after acquiring an additional 13,978 shares during the last quarter. Keener Financial Planning LLC increased its holdings in Broadcom by 34.8% in the 1st quarter. Keener Financial Planning LLC now owns 890 shares of the semiconductor manufacturer’s stock worth $149,000 after acquiring an additional 230 shares during the last quarter. Diversify Wealth Management LLC increased its holdings in Broadcom by 5.6% in the 1st quarter. Diversify Wealth Management LLC now owns 38,016 shares of the semiconductor manufacturer’s stock worth $6,365,000 after acquiring an additional 2,016 shares during the last quarter. Finally, Acorns Advisers LLC increased its holdings in Broadcom by 24.3% in the 1st quarter. Acorns Advisers LLC now owns 4,184 shares of the semiconductor manufacturer’s stock worth $701,000 after acquiring an additional 818 shares during the last quarter. 76.43% of the stock is currently owned by institutional investors.

Insider Activity at Broadcom

In other news, Director Henry Samueli sold 368,797 shares of the business’s stock in a transaction dated 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 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charlie B. Kawwas sold 3,893 shares of the business’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total value of $1,354,063.26. Following the transaction, the insider directly owned 25,295 shares of the company’s stock, valued at $8,798,106.90. The trade was a 13.34% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 3,550 shares of company stock valued at $1,227,869 and have sold 666,071 shares valued at $225,623,008. Company insiders own 2.00% of the company’s stock.

Broadcom Stock Up 1.4%

AVGO stock opened at $338.18 on Friday. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $374.23. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $1.60 trillion, a PE ratio of 86.27, a PEG ratio of 1.85 and a beta of 1.20. The stock has a 50-day simple moving average of $317.47 and a two-hundred day simple moving average of $256.30.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data 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 return on equity of 36.60% and a net margin of 31.59%.The company had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.82 billion. During the same quarter in the previous year, the firm earned $1.24 earnings per share. Broadcom’s revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. On average, equities analysts predict that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AVGO. UBS Group lifted their price objective on Broadcom from $290.00 to $345.00 and gave the stock a “buy” rating in a report on Monday, August 25th. Barclays lifted their price objective on Broadcom from $265.00 to $400.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. Hsbc Global Res raised Broadcom from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 24th. HSBC raised Broadcom from a “hold” rating to a “buy” rating and set a $400.00 price objective for the company in a report on Tuesday, June 24th. Finally, Wells Fargo & Company lifted their price objective on Broadcom from $255.00 to $345.00 and gave the stock an “equal weight” rating in a report on Friday, September 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $357.22.

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.