FOCUS Wealth Advisors LLC Decreases Stock Holdings in Broadcom Inc. $AVGO

by · The Cerbat Gem

FOCUS Wealth Advisors LLC trimmed its position in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) by 5.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,060 shares of the semiconductor manufacturer’s stock after selling 290 shares during the period. FOCUS Wealth Advisors LLC’s holdings in Broadcom were worth $1,395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Waddell & Associates LLC grew its position in shares of Broadcom by 2.1% during the 1st quarter. Waddell & Associates LLC now owns 2,091 shares of the semiconductor manufacturer’s stock worth $350,000 after buying an additional 43 shares in the last quarter. Challenger Wealth Management grew its position in shares of Broadcom by 1.3% during the 1st quarter. Challenger Wealth Management now owns 3,504 shares of the semiconductor manufacturer’s stock worth $587,000 after buying an additional 45 shares in the last quarter. Martingale Asset Management L P grew its position in shares of Broadcom by 1.3% during the 1st quarter. Martingale Asset Management L P now owns 3,876 shares of the semiconductor manufacturer’s stock worth $649,000 after buying an additional 48 shares in the last quarter. Wescott Financial Advisory Group LLC grew its position in shares of Broadcom by 3.8% during the 1st quarter. Wescott Financial Advisory Group LLC now owns 1,326 shares of the semiconductor manufacturer’s stock worth $222,000 after buying an additional 48 shares in the last quarter. Finally, Monterey Private Wealth Inc. grew its position in shares of Broadcom by 1.8% during the 1st quarter. Monterey Private Wealth Inc. now owns 2,780 shares of the semiconductor manufacturer’s stock worth $465,000 after buying an additional 48 shares in the last quarter. Institutional investors own 76.43% of the company’s stock.

Broadcom Trading Down 3.8%

Shares of NASDAQ:AVGO opened at $346.17 on Thursday. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $374.23. The stock has a market cap of $1.63 trillion, a price-to-earnings ratio of 88.31, a PEG ratio of 1.99 and a beta of 1.16. 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 business has a 50-day moving average price of $305.24 and a 200-day moving average price of $245.16.

Broadcom (NASDAQ:AVGO – Get Free Report) last announced its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (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 firm had revenue of $15.95 billion during the quarter, compared to analysts’ expectations of $15.82 billion. During the same period last year, the business posted $1.24 earnings per share. The company’s revenue for the quarter was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. Equities analysts predict that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, September 22nd. Broadcom’s dividend payout ratio (DPR) is presently 60.20%.

Analyst Ratings Changes

A number of research firms have recently issued reports on AVGO. Wells Fargo & Company increased their price target on Broadcom from $255.00 to $345.00 and gave the stock an “equal weight” rating in a research report on Friday, September 5th. UBS Group increased their price target on Broadcom from $290.00 to $345.00 and gave the stock a “buy” rating in a research report on Monday, August 25th. JPMorgan Chase & Co. raised their price objective on Broadcom from $325.00 to $400.00 and gave the company an “overweight” rating in a research report on Friday, September 5th. Macquarie began coverage on Broadcom in a research report on Monday. They set an “outperform” rating and a $420.00 price objective on the stock. Finally, KeyCorp raised their price objective on Broadcom from $330.00 to $400.00 and gave the company an “overweight” rating in a research report on Friday, September 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Broadcom presently has an average rating of “Buy” and a consensus price target of $356.48.

Get Our Latest Stock Report on AVGO

Insider Activity at Broadcom

In related news, Director Gayla J. Delly sold 3,000 shares of Broadcom stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $265.13, for a total transaction of $795,390.00. Following the completion of the transaction, the director directly owned 33,352 shares in the company, valued at approximately $8,842,615.76. This trade represents a 8.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark David Brazeal sold 50,000 shares of Broadcom stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $253.28, for a total value of $12,664,000.00. Following the transaction, the insider owned 415,956 shares of the company’s stock, valued at approximately $105,353,335.68. This represents a 10.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders bought 3,550 shares of company stock valued at $1,227,869 and sold 794,602 shares valued at $220,766,166. Insiders own 2.00% of the company’s stock.

Broadcom Profile

(Free Report)

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.

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