Broadcom Inc. $AVGO Shares Sold by MBL Wealth LLC

MBL Wealth LLC cut its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 0.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,066 shares of the semiconductor manufacturer’s stock after selling 63 shares during the period. MBL Wealth LLC’s holdings in Broadcom were worth $3,602,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of AVGO. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Broadcom during the 1st quarter valued at about $25,000. Cheviot Value Management LLC acquired a new stake in shares of Broadcom during the 1st quarter valued at about $25,000. Inlight Wealth Management LLC acquired a new stake in Broadcom in the 1st quarter worth about $26,000. Sawyer & Company Inc boosted its holdings in Broadcom by 62.1% in 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 Broadcom in the 2nd quarter worth about $28,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AVGO. The Goldman Sachs Group reiterated a “buy” rating and issued a $340.00 price objective on shares of Broadcom in a report on Wednesday, August 13th. Morgan Stanley lifted their price objective on Broadcom from $338.00 to $357.00 and gave the stock an “overweight” rating in a report on Tuesday, September 2nd. Macquarie began coverage on Broadcom in a report on Monday, September 15th. They issued an “outperform” rating and a $420.00 price objective on the stock. Piper Sandler lifted their price objective on Broadcom from $315.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. Finally, UBS Group lifted their price objective on Broadcom from $290.00 to $345.00 and gave the stock a “buy” rating in a report on Monday, August 25th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $357.22.

Broadcom Trading Down 0.1%

AVGO opened at $345.02 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. The company’s 50 day simple moving average is $321.92 and its two-hundred day simple moving average is $261.43. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $374.23. The firm has a market capitalization 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 released its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.03. The business had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The business’s revenue was up 22.0% on a year-over-year basis. During the same period last year, the company posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Analysts expect that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

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

Insider Activity

In other news, CFO Kirsten M. Spears sold 7,498 shares of Broadcom 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 owned 313,330 shares of the company’s stock, valued at approximately $108,932,307.80. The trade was a 2.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Hock E. Tan sold 100,000 shares of Broadcom stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $339.58, for a total transaction of $33,958,000.00. Following the sale, the chief executive officer directly owned 725,638 shares in the company, valued at approximately $246,412,152.04. The trade was a 12.11% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have bought 3,550 shares of company stock worth $1,227,869 and have sold 666,071 shares worth $225,623,008. 2.00% of the stock is owned by corporate insiders.

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.