Integrated Advisors Network LLC Sells 11,715 Shares of Broadcom Inc. $AVGO

Integrated Advisors Network LLC trimmed its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 17.7% during the 1st quarter, Holdings Channel reports. The fund owned 54,406 shares of the semiconductor manufacturer’s stock after selling 11,715 shares during the period. Broadcom comprises about 0.9% of Integrated Advisors Network LLC’s portfolio, making the stock its 16th largest position. Integrated Advisors Network LLC’s holdings in Broadcom were worth $16,839,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in AVGO. Sage Rhino Capital LLC raised its holdings in shares of Broadcom by 11.0% in the 1st quarter. Sage Rhino Capital LLC now owns 6,409 shares of the semiconductor manufacturer’s stock valued at $1,984,000 after purchasing an additional 636 shares in the last quarter. Shelton Wealth Management LLC lifted its position in shares of Broadcom by 124.8% in the 1st quarter. Shelton Wealth Management LLC now owns 3,660 shares of the semiconductor manufacturer’s stock worth $1,133,000 after purchasing an additional 2,032 shares during the period. Strata Wealth Advisors LLC boosted its stake in shares of Broadcom by 2.9% during the first quarter. Strata Wealth Advisors LLC now owns 2,546 shares of the semiconductor manufacturer’s stock valued at $788,000 after purchasing an additional 72 shares in the last quarter. Fischer Financial Services Inc. boosted its stake in shares of Broadcom by 1.2% during the first quarter. Fischer Financial Services Inc. now owns 24,935 shares of the semiconductor manufacturer’s stock valued at $7,718,000 after purchasing an additional 298 shares in the last quarter. Finally, Canvas Wealth Advisors LLC increased its holdings in Broadcom by 1.7% during the first quarter. Canvas Wealth Advisors LLC now owns 10,144 shares of the semiconductor manufacturer’s stock valued at $3,140,000 after buying an additional 170 shares during the period. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s expanded Apple agreement, valued at more than $30 billion through 2031, strengthens visibility for revenue and highlights demand beyond AI chips. Why Broadcom Stock Rose Today
• Positive Sentiment: Analysts remain upbeat on Broadcom’s AI business, with Jefferies reiterating a Buy rating and a $550 price target as AI chip momentum improves. Broadcom’s (AVGO) AI Chip Momentum Keeps Wall Street Bullish
• Positive Sentiment: Broadcom is being viewed as a broader AI infrastructure winner because its networking products help connect large-scale AI systems, expanding the investment thesis beyond GPUs and custom chips. Broadcom stock’s latest catalyst targets Nvidia where it looks strongest
• Neutral Sentiment: Some coverage notes Broadcom’s near-$2 trillion market value and strong AI revenue growth, but also suggests much of the good news may already be reflected in the stock. Broadcom Is Less Than 5% From the $2 Trillion Club — and Apple Just Committed $30 Billion for More Chips
• Negative Sentiment: Erste Group downgraded Broadcom to Hold, citing valuation concerns, which may be limiting upside after the recent rally. Erste Group downgrades Broadcom to Hold citing valuation concerns

Insider Activity at Broadcom

In related news, Director Harry L. You purchased 1,000 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were acquired at an average price of $373.57 per share, for a total transaction of $373,570.00. Following the purchase, the director owned 38,466 shares of the company’s stock, valued at $14,369,743.62. This trade represents a 2.67% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark David Brazeal sold 25,000 shares of the firm’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $379.19, for a total transaction of $9,479,750.00. Following the completion of the transaction, the insider directly owned 219,989 shares of the company’s stock, valued at approximately $83,417,628.91. This represents a 10.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 36,644 shares of company stock worth $13,982,964 in the last quarter. 1.90% of the stock is currently owned by company insiders.

Broadcom Trading Down 0.3%

Broadcom stock opened at $399.97 on Friday. The stock has a 50-day moving average of $405.29 and a two-hundred day moving average of $364.13. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.01 and a current ratio of 2.24. Broadcom Inc. has a one year low of $269.58 and a one year high of $495.00. The stock has a market cap of $1.90 trillion, a PE ratio of 66.66, a price-to-earnings-growth ratio of 0.70 and a beta of 1.45.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.04. Broadcom had a return on equity of 41.61% and a net margin of 38.85%.The business had revenue of $22.19 billion during the quarter, compared to the consensus estimate of $22.13 billion. During the same quarter last year, the company earned $1.58 earnings per share. The company’s quarterly revenue was up 47.9% on a year-over-year basis. On average, research analysts anticipate that Broadcom Inc. will post 10.24 EPS for the current fiscal year.

Broadcom Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, June 22nd. Broadcom’s payout ratio is currently 43.33%.

Analyst Ratings Changes

A number of equities analysts recently commented on AVGO shares. Zacks Research downgraded shares of Broadcom from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Oppenheimer reaffirmed an “outperform” rating and set a $535.00 target price (up from $450.00) on shares of Broadcom in a research report on Thursday, June 4th. Citigroup reiterated a “buy” rating on shares of Broadcom in a report on Thursday, June 4th. Royal Bank Of Canada boosted their price target on Broadcom from $360.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 4th. Finally, Morgan Stanley set a $502.00 price target on Broadcom and gave the stock an “overweight” rating in a research report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Broadcom currently has an average rating of “Moderate Buy” and a consensus target price of $493.24.

Broadcom Profile

Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company’s semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.

On the semiconductor side, Broadcom’s portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.