Intrua Financial LLC Sells 394 Shares of Broadcom Inc. $AVGO

Intrua Financial LLC lowered its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 2.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,915 shares of the semiconductor manufacturer’s stock after selling 394 shares during the quarter. Intrua Financial LLC’s holdings in Broadcom were worth $2,330,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AVGO. Sunbeam Capital Management LLC bought a new position in shares of Broadcom during the 4th quarter worth approximately $28,000. Vermillion Wealth Management Inc. bought a new position in shares of Broadcom during the 4th quarter worth approximately $30,000. Barnes Dennig Private Wealth Management LLC bought a new position in Broadcom during the first quarter worth $25,000. Cheviot Value Management LLC bought a new stake in shares of Broadcom during the first quarter worth approximately $25,000. Finally, Inlight Wealth Management LLC acquired a new position in Broadcom in the 1st quarter valued at $26,000. 76.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AVGO has been the topic of a number of analyst reports. Cowen restated a “buy” rating on shares of Broadcom in a research report on Friday, June 6th. The Goldman Sachs Group restated a “buy” rating and issued a $340.00 target price on shares of Broadcom in a research report on Wednesday, August 13th. Wall Street Zen raised shares of Broadcom from a “hold” rating to a “buy” rating in a report on Saturday, September 6th. HSBC raised Broadcom from a “hold” rating to a “buy” rating and set a $400.00 price target for the company in a research note on Tuesday, June 24th. Finally, Redburn Atlantic assumed coverage on shares of Broadcom in a report on Wednesday, May 28th. They issued a “buy” rating and a $301.00 target price on the stock. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Broadcom currently has a consensus rating of “Buy” and an average target price of $351.92.

Insider Buying and Selling at Broadcom

In related news, Director Harry L. You purchased 500 shares of the business’s stock in a transaction dated Wednesday, September 10th. The stock was purchased at an average cost of $363.38 per share, with a total value of $181,690.00. Following the completion of the acquisition, the director directly owned 35,602 shares of the company’s stock, valued at approximately $12,937,054.76. The trade was a 1.42% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Hock E. Tan sold 40,000 shares of the firm’s stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $268.29, for a total value of $10,731,600.00. Following the completion of the transaction, the chief executive officer owned 482,836 shares of the company’s stock, valued at approximately $129,540,070.44. This represents a 7.65% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 3,550 shares of company stock valued at $1,227,869 and sold 702,758 shares valued at $184,975,481. 2.00% of the stock is owned by company insiders.

Broadcom Stock Performance

AVGO stock opened at $369.57 on Thursday. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $372.97. The firm has a market cap of $1.74 trillion, a PE ratio of 94.28, a P/E/G ratio of 1.86 and a beta of 1.16. The business has a 50 day moving average of $296.92 and a 200-day moving average of $239.85. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86.

Broadcom (NASDAQ:AVGO) last issued its quarterly 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 company had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The firm’s quarterly revenue was up 22.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. As a group, sell-side analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, September 22nd. Broadcom’s dividend payout ratio is currently 60.20%.

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.