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

Marietta Wealth Management LLC cut its holdings in Broadcom Inc. (NASDAQ:AVGO) by 1.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 66,057 shares of the semiconductor manufacturer’s stock after selling 641 shares during the period. Broadcom accounts for about 2.4% of Marietta Wealth Management LLC’s holdings, making the stock its 8th biggest position. Marietta Wealth Management LLC’s holdings in Broadcom were worth $18,209,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Broadcom during the 1st quarter worth $25,000. Cheviot Value Management LLC acquired a new stake in shares of Broadcom during the 1st quarter worth $25,000. Inlight Wealth Management LLC acquired a new stake in shares of Broadcom during the 1st quarter worth $26,000. Sawyer & Company Inc increased its holdings in shares of Broadcom by 62.1% during the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 36 shares during the last quarter. Finally, Legend Financial Advisors Inc. acquired a new stake in shares of Broadcom during the 2nd quarter worth $28,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on AVGO shares. Macquarie started coverage on Broadcom in a report on Monday, September 15th. They set an “outperform” rating and a $420.00 price objective for the company. Mizuho upped their price objective on Broadcom from $355.00 to $410.00 and gave the stock an “outperform” rating in a report on Friday, September 12th. Barclays upped 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 shares of Broadcom from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 24th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $340.00 price target on shares of Broadcom in a research report on Wednesday, August 13th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $357.22.

Broadcom Stock Down 0.1%

Shares of Broadcom stock opened at $345.02 on Friday. The company has a fifty day moving average price of $321.92 and a 200 day moving average price of $261.43. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $374.23. The stock has a market cap of $1.63 trillion, a price-to-earnings ratio of 88.02, a price-to-earnings-growth ratio of 1.91 and a beta of 1.20.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.03. The company had revenue of $15.95 billion during the quarter, compared to analysts’ expectations of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The firm’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Equities research analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

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

Insider Buying and Selling

In other Broadcom news, insider Charlie B. Kawwas sold 3,893 shares of the company’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total value of $1,354,063.26. Following the completion of the transaction, the insider directly owned 25,295 shares of the company’s stock, valued at $8,798,106.90. This represents a 13.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Hock E. Tan sold 148,154 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $336.67, for a total transaction of $49,879,007.18. Following the completion of the transaction, the chief executive officer directly owned 825,998 shares of the company’s stock, valued at approximately $278,088,746.66. The trade was a 15.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, 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.

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.