Broadcom Inc. $AVGO Shares Sold by New Insight Wealth Advisors

Key Points

• New Insight Wealth Advisors reduced its stake in Broadcom Inc. by 14.0%, holding 7,360 shares worth $2,029,000 after selling 1,199 shares in the 2nd quarter.
• Broadcom's stock has a market cap of $1.58 trillion and reported a 22.0% year-over-year revenue increase, with quarterly earnings of $1.69 per share exceeding analysts' expectations.
• The company announced a quarterly dividend of $0.59 per share, contributing to an annualized yield of 0.7%, to be paid on September 30th.

New Insight Wealth Advisors cut its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 14.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 7,360 shares of the semiconductor manufacturer's stock after selling 1,199 shares during the period. Broadcom accounts for about 0.8% of New Insight Wealth Advisors' holdings, making the stock its 29th biggest position. New Insight Wealth Advisors' holdings in Broadcom were worth $2,029,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Falcon Wealth Planning raised its holdings in Broadcom by 16.4% in the 2nd quarter. Falcon Wealth Planning now owns 3,788 shares of the semiconductor manufacturer's stock valued at $1,044,000 after acquiring an additional 534 shares during the last quarter. Amarillo National Bank acquired a new position in Broadcom in the 2nd quarter valued at $237,000. Embree Financial Group raised its holdings in Broadcom by 11.7% in the 2nd quarter. Embree Financial Group now owns 2,189 shares of the semiconductor manufacturer's stock valued at $603,000 after acquiring an additional 230 shares during the last quarter. Beaumont Financial Advisors LLC raised its holdings in Broadcom by 13.3% in the 2nd quarter. Beaumont Financial Advisors LLC now owns 31,718 shares of the semiconductor manufacturer's stock valued at $8,743,000 after acquiring an additional 3,722 shares during the last quarter. Finally, Five Oceans Advisors raised its holdings in Broadcom by 0.9% in the 2nd quarter. Five Oceans Advisors now owns 8,371 shares of the semiconductor manufacturer's stock valued at $2,307,000 after acquiring an additional 71 shares during the last quarter. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom Stock Down 0.5%

Shares of Broadcom stock opened at $334.53 on Monday. The company has a fifty day moving average price of $313.66 and a 200 day moving average price of $253.32. 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 Inc. has a twelve month low of $138.10 and a twelve month high of $374.23. The stock has a market cap of $1.58 trillion, a price-to-earnings ratio of 85.34, a price-to-earnings-growth ratio of 1.85 and a beta of 1.16.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced 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 firm had revenue of $15.95 billion during 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% on a year-over-year basis. During the same period in the prior year, the company earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Equities research analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders 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 0.7%. The ex-dividend date of this dividend is Monday, September 22nd. Broadcom's dividend payout ratio is presently 60.20%.

Insider Buying and Selling

In other news, insider Charlie B. Kawwas sold 3,893 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the transaction, the insider owned 25,295 shares of the company's stock, valued at approximately $8,798,106.90. This trade represents a 13.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Hock E. Tan sold 148,154 shares of the stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $336.67, for a total transaction of $49,879,007.18. Following the transaction, the chief executive officer directly owned 825,998 shares in the company, valued at $278,088,746.66. The trade was a 15.21% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders bought 3,550 shares of company stock worth $1,227,869 and sold 666,071 shares worth $225,623,008. Corporate insiders own 2.00% of the company's stock.

Analyst Ratings Changes

AVGO has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price objective on Broadcom from $255.00 to $345.00 and gave the stock an "equal weight" rating in a report on Friday, September 5th. Barclays upped their price objective on Broadcom from $265.00 to $400.00 and gave the stock an "overweight" rating in a report on Friday, September 5th. HSBC upgraded Broadcom from a "hold" rating to a "buy" rating and set a $400.00 price objective for the company in a report on Tuesday, June 24th. Morgan Stanley upped 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. Finally, UBS Group upped 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 issued a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $356.48.

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.

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