Barnes Wealth Management Group Inc Sells 292 Shares of Broadcom Inc. $AVGO

Barnes Wealth Management Group Inc lowered its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 18.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,279 shares of the semiconductor manufacturer’s stock after selling 292 shares during the period. Barnes Wealth Management Group Inc’s holdings in Broadcom were worth $214,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barnes Dennig Private Wealth Management LLC bought a new stake in Broadcom in the 1st quarter valued at $25,000. Cheviot Value Management LLC bought a new stake in Broadcom in the 1st quarter valued at $25,000. Inlight Wealth Management LLC bought a new stake in Broadcom in the 1st quarter valued at $26,000. Sunbeam Capital Management LLC bought a new stake in Broadcom in the 4th quarter valued at $28,000. Finally, Vermillion Wealth Management Inc. bought a new stake in Broadcom in the 4th quarter valued at $30,000. Institutional investors own 76.43% of the company’s stock.

Broadcom Stock Performance

AVGO opened at $289.60 on Friday. The firm has a market cap of $1.36 trillion, a P/E ratio of 108.46, a price-to-earnings-growth ratio of 2.07 and a beta of 1.15. Broadcom Inc. has a 52-week low of $134.90 and a 52-week high of $317.35. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.98 and a current ratio of 1.08. The business’s fifty day moving average is $281.94 and its 200-day moving average is $231.84.

Broadcom (NASDAQ:AVGO) last released its earnings results on Thursday, June 5th. The semiconductor manufacturer reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.01. Broadcom had a return on equity of 35.49% and a net margin of 22.64%.The company had revenue of $15 billion for the quarter, compared to analyst estimates of $14.98 billion. During the same period in the prior year, the firm posted $10.96 EPS. Broadcom’s quarterly revenue was up 20.2% on a year-over-year basis. Broadcom has set its Q3 2025 guidance at EPS. Sell-side analysts expect 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 Monday, June 30th. Investors of record on Friday, June 20th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, June 20th. Broadcom’s dividend payout ratio is currently 88.39%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Truist Financial set a $295.00 price target on Broadcom and gave the company a “buy” rating in a research note on Friday, June 6th. HSBC raised Broadcom from a “hold” rating to a “buy” rating and set a $400.00 price objective on the stock in a report on Tuesday, June 24th. Susquehanna upped their price objective on Broadcom from $280.00 to $300.00 and gave the company a “positive” rating in a report on Friday, June 6th. Oppenheimer upped their price objective on Broadcom from $265.00 to $305.00 and gave the company an “outperform” rating in a report on Tuesday, July 15th. Finally, KeyCorp upped their price objective on Broadcom from $315.00 to $330.00 and gave the company an “overweight” rating in a report on Tuesday, July 8th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $295.96.

Insider Buying and Selling at Broadcom

In related news, Director Gayla J. Delly sold 3,000 shares of the company’s stock in a transaction 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 sale, the director directly owned 33,352 shares in the company, valued at $8,842,615.76. This represents a 8.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Henry Samueli sold 473,898 shares of the company’s stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $265.33, for a total value of $125,739,356.34. Following the sale, the director owned 38,188,575 shares of the company’s stock, valued at approximately $10,132,574,604.75. This represents a 1.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 830,516 shares of company stock worth $217,286,457 over the last quarter. 2.00% of the stock is currently owned by company insiders.

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.