Princeton Global Asset Management LLC Has $38.60 Million Stake in Broadcom Inc. $AVGO

Princeton Global Asset Management LLC decreased its position in Broadcom Inc. (NASDAQ:AVGO) by 2.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 116,986 shares of the semiconductor manufacturer’s stock after selling 2,515 shares during the period. Broadcom accounts for about 6.4% of Princeton Global Asset Management LLC’s investment portfolio, making the stock its biggest position. Princeton Global Asset Management LLC’s holdings in Broadcom were worth $38,595,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Breakthru Advisory Services LLC purchased a new stake in shares of Broadcom in the 3rd quarter worth approximately $1,307,000. U.S. Capital Wealth Advisors LLC raised its stake in Broadcom by 51.8% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 76,770 shares of the semiconductor manufacturer’s stock worth $25,327,000 after buying an additional 26,184 shares in the last quarter. Redhawk Wealth Advisors Inc. lifted its holdings in Broadcom by 9.1% during the third quarter. Redhawk Wealth Advisors Inc. now owns 10,886 shares of the semiconductor manufacturer’s stock worth $3,591,000 after buying an additional 909 shares during the period. Bay Harbor Wealth Management LLC boosted its position in Broadcom by 7.7% during the 3rd quarter. Bay Harbor Wealth Management LLC now owns 753 shares of the semiconductor manufacturer’s stock valued at $248,000 after acquiring an additional 54 shares in the last quarter. Finally, Peak Financial Management Inc. purchased a new position in shares of Broadcom in the 3rd quarter valued at $232,000. Institutional investors own 76.43% of the company’s stock.

Insider Transactions 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 stock was sold at an average price of $339.58, for a total value of $33,958,000.00. Following the completion of the transaction, the chief executive officer owned 725,638 shares in the company, valued at $246,412,152.04. This trade represents a 12.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Kirsten M. Spears sold 3,714 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $327.79, for a total value of $1,217,412.06. Following the sale, the chief financial officer owned 307,237 shares in the company, valued at approximately $100,709,216.23. The trade was a 1.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 863,577 shares of company stock worth $311,694,744 over the last 90 days. Insiders own 2.00% of the company’s stock.

Broadcom Stock Performance

AVGO opened at $340.36 on Friday. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $414.61. The company has a quick ratio of 1.58, a current ratio of 1.71 and a debt-to-equity ratio of 0.76. The company has a market cap of $1.61 trillion, a P/E ratio of 71.50, a price-to-earnings-growth ratio of 1.17 and a beta of 1.19. The firm’s 50-day moving average price is $362.98 and its 200-day moving average price is $321.10.

Broadcom (NASDAQ:AVGO) last released its earnings results on Thursday, December 11th. The semiconductor manufacturer reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.08. Broadcom had a net margin of 36.20% and a return on equity of 37.45%. The company had revenue of $18.02 billion during the quarter, compared to analysts’ expectations of $17.46 billion. During the same period last year, the business earned $1.42 EPS. Broadcom’s revenue for the quarter was up 28.2% on a year-over-year basis. As a group, equities analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.8%. This is a boost from Broadcom’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Monday, December 22nd. Broadcom’s dividend payout ratio is presently 49.58%.

Wall Street Analysts Forecast Growth

AVGO has been the subject of a number of analyst reports. KeyCorp restated an “overweight” rating and set a $500.00 price objective (up from $460.00) on shares of Broadcom in a research note on Friday, December 12th. Rosenblatt Securities boosted their target price on shares of Broadcom from $400.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. UBS Group set a $475.00 price target on shares of Broadcom and gave the company a “buy” rating in a report on Monday, December 15th. Macquarie started coverage on shares of Broadcom in a research report on Monday, September 15th. They issued an “outperform” rating and a $420.00 price objective on the stock. Finally, Wall Street Zen raised shares of Broadcom from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Three equities 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 stock presently has a consensus rating of “Buy” and a consensus target price of $436.33.

Key Stores Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Truist raised its price target to $510 and kept a buy stance, signaling big upside vs. current levels. AVGO: Broadcom price target raised by Truist
• Positive Sentiment: Company beat expectations and issued AI-related revenue commentary (large AI/XPU and networking opportunity), supporting a growth story tied to data-center demand. Broadcom soars past expectations with blockbuster results
• Positive Sentiment: Unusual options activity: traders bought ~323,615 call contracts, well above average, indicating speculative/hedged bullish bets on near-term upside.
• Positive Sentiment: Broadcom raised its quarterly dividend ~10% (new quarterly payment $0.65) — a sign of strong cash flow and shareholder returns. Broadcom stock just raised its dividend by 10%
• Neutral Sentiment: High-profile bullish coverage and commentary (Wall Street lists and media pieces) are amplifying interest but also raising expectations. Here’s why Wall Street is bullish on Broadcom stock (AVGO)
• Neutral Sentiment: Jim Cramer publicly said he isn’t very worried about Broadcom, which can calm retail sentiment but is not a fundamental driver. Jim Cramer says he is not that worried about Broadcom
• Negative Sentiment: Several insiders (including senior execs) have sold shares in recent filings — a potential overhang for sentiment even if sales may be for diversification/liquidity. Charlie Kawwas Sells 1,235 Shares of Broadcom
• Negative Sentiment: Sharp recent sell-off (~20% from pre-earnings levels) has created volatility and forced short-term selling pressure despite analysts raising targets. Broadcom Stock Crashes 20%—But Wall Street Sees It Soaring to $500

About Broadcom

Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company’s semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.

On the semiconductor side, Broadcom’s portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.