Integrity Investment Advisors LLC Trims Position in Broadcom Inc. $AVGO

Integrity Investment Advisors LLC lessened its stake in Broadcom Inc. (NASDAQ:AVGO) by 6.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,676 shares of the semiconductor manufacturer’s stock after selling 191 shares during the period. Broadcom accounts for about 0.6% of Integrity Investment Advisors LLC’s holdings, making the stock its 28th biggest position. Integrity Investment Advisors LLC’s holdings in Broadcom were worth $738,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Sawyer & Company Inc grew its position in Broadcom by 62.1% in the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 36 shares during the last quarter. Longfellow Investment Management Co. LLC acquired a new position in Broadcom during the 2nd quarter worth approximately $27,000. Legend Financial Advisors Inc. purchased a new stake in shares of Broadcom in the second quarter valued at approximately $28,000. LGT Financial Advisors LLC acquired a new position in Broadcom during the second quarter worth $31,000. Finally, New England Capital Financial Advisors LLC purchased a new position in Broadcom in the second quarter worth $31,000. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AVGO has been the topic of a number of recent analyst reports. Weiss Ratings raised shares of Broadcom from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday. Morgan Stanley set a $409.00 target price on shares of Broadcom and gave the company an “overweight” rating in a report on Tuesday, October 14th. Truist Financial lifted their price target on shares of Broadcom from $295.00 to $365.00 and gave the company a “buy” rating in a research report on Friday, September 5th. KeyCorp set a $460.00 price target on Broadcom in a report on Monday, October 13th. Finally, UBS Group set a $415.00 price objective on Broadcom and gave the stock a “buy” rating in a report on Tuesday, October 14th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $377.61.

Insider Buying and Selling at Broadcom

In other Broadcom news, CEO Hock E. Tan sold 148,154 shares of Broadcom stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $336.67, for a total value of $49,879,007.18. Following the transaction, the chief executive officer owned 825,998 shares in the company, valued at $278,088,746.66. This trade represents a 15.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Henry Samueli sold 368,797 shares of the company’s stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total value of $124,620,194.27. Following the sale, the director owned 37,722,534 shares of the company’s stock, valued at approximately $12,746,821,463.94. The trade was a 0.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders bought 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,483,192. Insiders own 2.00% of the company’s stock.

Broadcom Price Performance

NASDAQ:AVGO opened at $397.57 on Thursday. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $399.87. The firm has a market cap of $1.88 trillion, a price-to-earnings ratio of 101.42, a price-to-earnings-growth ratio of 1.31 and a beta of 1.19. The company’s 50-day moving average is $349.96 and its two-hundred day moving average is $304.36. 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 (NASDAQ:AVGO) last announced its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, beating 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 business had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $15.82 billion. During the same quarter in the prior year, the firm posted $1.24 earnings per share. The company’s quarterly revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. Research analysts expect that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Monday, September 22nd. Broadcom’s dividend payout ratio (DPR) is presently 60.20%.

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.