Rollins Financial Advisors LLC Sells 3,266 Shares of Broadcom Inc. $AVGO

Key Points

• Rollins Financial Advisors LLC significantly reduced its stake in Broadcom Inc. by 63.3%, now holding 1,892 shares worth approximately $317,000.
• Broadcom reported earnings of $1.69 per share for the last quarter, exceeding estimates, with revenue reaching $15.95 billion, reflecting a 22.0% increase year-over-year.
• The company is set to pay a quarterly dividend of $0.59 per share on September 30th, after announcing a 60.20% dividend payout ratio.

Rollins Financial Advisors LLC decreased its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 63.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,892 shares of the semiconductor manufacturer's stock after selling 3,266 shares during the period. Rollins Financial Advisors LLC's holdings in Broadcom were worth $317,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Barnes Dennig Private Wealth Management LLC purchased a new position in Broadcom during the first quarter valued at approximately $25,000. Cheviot Value Management LLC purchased a new position in Broadcom during the first quarter valued at approximately $25,000. Inlight Wealth Management LLC purchased a new position in Broadcom during the first quarter valued at approximately $26,000. Sunbeam Capital Management LLC purchased a new position in Broadcom during the fourth quarter valued at approximately $28,000. Finally, Vermillion Wealth Management Inc. purchased a new position in Broadcom during the fourth quarter valued at approximately $30,000. Institutional investors own 76.43% of the company's stock.

Broadcom Trading Up 0.1%

Shares of Broadcom stock traded up $0.24 during trading on Friday, reaching $359.87. The company's stock had a trading volume of 31,929,014 shares, compared to its average volume of 25,328,086. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $374.23. The company has a market cap of $1.69 trillion, a price-to-earnings ratio of 91.80, a PEG ratio of 1.99 and a beta of 1.16. The firm's 50-day moving average is $300.31 and its two-hundred day moving average is $242.19. 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 - 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, beating the consensus estimate of $1.66 by $0.03. The business 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 for the quarter was up 22.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. On average, sell-side analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.36 annualized dividend and a yield of 0.7%. Broadcom's dividend payout ratio is presently 60.20%.

Insider Buying and Selling at Broadcom

In other Broadcom news, Director Gayla J. Delly sold 3,000 shares of the stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $265.13, for a total transaction of $795,390.00. Following the completion of the sale, the director owned 33,352 shares of the company's stock, valued at $8,842,615.76. This represents a 8.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Hock E. Tan sold 148,154 shares of the stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $336.67, for a total transaction of $49,879,007.18. Following the sale, the chief executive officer directly owned 825,998 shares of the company's stock, 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 ninety days, insiders have bought 3,550 shares of company stock worth $1,227,869 and have sold 850,912 shares worth $234,854,489. 2.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

AVGO has been the subject of several recent analyst reports. Mizuho boosted their price objective on shares of Broadcom from $355.00 to $410.00 and gave the company an "outperform" rating in a research note on Friday. Benchmark boosted their price objective on shares of Broadcom from $315.00 to $385.00 and gave the company a "buy" rating in a research note on Friday, September 5th. Barclays boosted their price objective on shares of Broadcom from $265.00 to $400.00 and gave the company an "overweight" rating in a research note on Friday, September 5th. Bank of America boosted their price target on shares of Broadcom from $300.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. Finally, Argus boosted their price target on shares of Broadcom from $285.00 to $375.00 and gave the stock a "buy" rating in a research note on Monday, September 8th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $354.04.

Broadcom Company 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.