Wealth Management Associates Inc. Reduces Stock Position in Broadcom Inc. $AVGO

Wealth Management Associates Inc. reduced its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 5.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,317 shares of the semiconductor manufacturer’s stock after selling 573 shares during the quarter. Wealth Management Associates Inc.’s holdings in Broadcom were worth $1,727,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in Broadcom by 21.8% in the 4th quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock worth $6,882,000 after purchasing an additional 5,322 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in Broadcom by 10.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock worth $1,854,000 after purchasing an additional 756 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its stake in Broadcom by 16.4% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 221,199 shares of the semiconductor manufacturer’s stock worth $51,283,000 after purchasing an additional 31,225 shares in the last quarter. Lighthouse Investment Partners LLC lifted its stake in Broadcom by 88.2% in the 4th quarter. Lighthouse Investment Partners LLC now owns 7,529 shares of the semiconductor manufacturer’s stock worth $1,746,000 after purchasing an additional 3,529 shares in the last quarter. Finally, Numerai GP LLC lifted its stake in Broadcom by 82.7% in the 4th quarter. Numerai GP LLC now owns 3,051 shares of the semiconductor manufacturer’s stock worth $707,000 after purchasing an additional 1,381 shares in the last quarter. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on AVGO. Erste Group Bank upgraded shares of Broadcom from a “hold” rating to a “buy” rating in a research note on Thursday, June 5th. Barclays increased their target price on shares of Broadcom from $265.00 to $400.00 and gave the stock an “overweight” rating in a research note on Friday, September 5th. Citigroup raised their price objective on shares of Broadcom from $315.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Cowen restated a “buy” rating on shares of Broadcom in a research report on Friday, June 6th. Finally, Mizuho raised their price objective on shares of Broadcom from $320.00 to $355.00 and gave the company an “outperform” rating in a research report on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $351.92.

Insider Buying and Selling

In related news, Director Gayla J. Delly sold 3,000 shares of Broadcom stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $265.13, for a total value of $795,390.00. Following the transaction, the director owned 33,352 shares in the company, valued at $8,842,615.76. This trade represents a 8.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark David Brazeal sold 50,000 shares of Broadcom stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $253.28, for a total transaction of $12,664,000.00. Following the completion of the transaction, the insider owned 415,956 shares in the company, valued at approximately $105,353,335.68. The trade was a 10.73% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 3,550 shares of company stock worth $1,227,869 and have sold 702,758 shares worth $184,975,481. 2.00% of the stock is owned by company insiders.

Broadcom Price Performance

Shares of NASDAQ:AVGO opened at $369.57 on Thursday. The stock has a market cap of $1.74 trillion, a PE ratio of 94.28, a PEG ratio of 1.86 and a beta of 1.16. The company’s fifty day moving average is $296.92 and its 200 day moving average is $239.85. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $372.97. 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 earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS 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 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 was up 22.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Research analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 22nd will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is 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.