Broadcom Inc. $AVGO Shares Sold by Maridea Wealth Management LLC

Maridea Wealth Management LLC cut its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 54.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,579 shares of the semiconductor manufacturer’s stock after selling 3,075 shares during the quarter. Maridea Wealth Management LLC’s holdings in Broadcom were worth $711,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sawyer & Company Inc boosted its position in Broadcom by 62.1% during the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 36 shares during the last quarter. Maseco LLP acquired a new position in Broadcom during the second quarter worth about $34,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Broadcom during the first quarter worth about $25,000. Cheviot Value Management LLC acquired a new position in Broadcom during the first quarter worth about $25,000. Finally, Inlight Wealth Management LLC acquired a new position in Broadcom during the first quarter worth about $26,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Kirsten M. Spears sold 7,498 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $347.66, for a total transaction of $2,606,754.68. Following the sale, the chief financial officer directly owned 313,330 shares of the company’s stock, valued at $108,932,307.80. This represents a 2.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Henry Samueli sold 368,797 shares of the stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the completion of the sale, the director directly owned 37,722,534 shares in the company, valued at approximately $12,746,821,463.94. This represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 3,550 shares of company stock worth $1,227,869 and sold 666,071 shares worth $225,623,008. Corporate insiders own 2.00% of the company’s stock.

Broadcom Price Performance

Broadcom stock opened at $334.53 on Friday. The company’s 50 day simple moving average is $313.66 and its 200-day simple moving average is $252.89. The company has a market capitalization of $1.58 trillion, a price-to-earnings ratio of 85.34, a price-to-earnings-growth ratio of 1.85 and a beta of 1.16. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $374.23. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50.

Broadcom (NASDAQ:AVGO) last announced its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.03. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The firm had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $15.82 billion. During the same period in the prior year, the firm earned $1.24 EPS. The firm’s revenue for the quarter was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities research analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have weighed in on AVGO. Benchmark boosted their target price on shares of Broadcom from $315.00 to $385.00 and gave the company a “buy” rating in a report on Friday, September 5th. Bank of America boosted their target price on shares of Broadcom from $300.00 to $400.00 and gave the company a “buy” rating in a report on Friday, September 5th. Mizuho boosted their target price on shares of Broadcom from $355.00 to $410.00 and gave the company an “outperform” rating in a report on Friday, September 12th. Evercore ISI reiterated an “outperform” rating and issued a $342.00 target price (up from $304.00) on shares of Broadcom in a report on Thursday, September 4th. Finally, Truist Financial boosted their target price on shares of Broadcom from $295.00 to $365.00 and gave the company a “buy” rating in a report on Friday, September 5th. Three 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 stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $356.48.

Broadcom 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.