Compton Wealth Advisory Group LLC Decreases Position in Broadcom Inc. $AVGO

Key Points

• Compton Wealth Advisory Group LLC sold 814 shares of Broadcom Inc., reducing its holdings by 2.3% to a total of 34,739 shares, valued at approximately $9.58 million.
• Insider trading activity includes CEO Hock E. Tan selling 148,154 shares at an average price of $336.67, representing a 15.21% decrease in ownership.
• Analysts have boosted price targets for Broadcom, with several firms setting targets between $300.00 and $400.00, reflecting a consensus "Buy" rating.

Compton Wealth Advisory Group LLC cut its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 2.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 34,739 shares of the semiconductor manufacturer's stock after selling 814 shares during the period. Broadcom comprises approximately 2.4% of Compton Wealth Advisory Group LLC's holdings, making the stock its 12th largest position. Compton Wealth Advisory Group LLC's holdings in Broadcom were worth $9,576,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Sawyer & Company Inc grew its stake in Broadcom by 62.1% in the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock worth $26,000 after acquiring an additional 36 shares in the last quarter. Waddell & Associates LLC grew its position in shares of Broadcom by 2.1% in the first quarter. Waddell & Associates LLC now owns 2,091 shares of the semiconductor manufacturer's stock valued at $350,000 after purchasing an additional 43 shares during the period. Challenger Wealth Management raised its stake in Broadcom by 1.3% during the first quarter. Challenger Wealth Management now owns 3,504 shares of the semiconductor manufacturer's stock worth $587,000 after purchasing an additional 45 shares during the period. Wescott Financial Advisory Group LLC raised its stake in Broadcom by 3.8% during the first quarter. Wescott Financial Advisory Group LLC now owns 1,326 shares of the semiconductor manufacturer's stock worth $222,000 after purchasing an additional 48 shares during the period. Finally, Martingale Asset Management L P raised its stake in shares of Broadcom by 1.3% in the 1st quarter. Martingale Asset Management L P now owns 3,876 shares of the semiconductor manufacturer's stock valued at $649,000 after acquiring an additional 48 shares during the period. Hedge funds and other institutional investors own 76.43% of the company's stock.

Broadcom Stock Down 1.8%

Shares of NASDAQ AVGO traded down $6.15 during trading hours on Monday, hitting $338.79. The company had a trading volume of 28,599,739 shares, compared to its average volume of 29,009,098. The firm's 50 day moving average is $309.32 and its 200-day moving average is $249.20. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $374.23. The stock has a market capitalization of $1.60 trillion, a P/E ratio of 86.43, a price-to-earnings-growth ratio of 1.91 and a beta of 1.16. 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 released its quarterly earnings data 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 company had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.Broadcom's revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter last year, the business posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. On average, analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on AVGO shares. Piper Sandler upped their target price on shares of Broadcom from $315.00 to $375.00 and gave the company an "overweight" rating in a report on Friday, September 5th. Macquarie started coverage on shares of Broadcom in a research note on Monday, September 15th. They set an "outperform" rating and a $420.00 price target on the stock. Truist Financial lifted their price target on shares of Broadcom from $295.00 to $365.00 and gave the company a "buy" rating in a research report on Friday, September 5th. Morgan Stanley lifted their price target on shares of Broadcom from $338.00 to $357.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 2nd. Finally, Redburn Atlantic initiated coverage on shares of Broadcom in a report on Wednesday, May 28th. They set a "buy" rating and a $301.00 price target for the company. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $356.48.

Insider Activity

In other Broadcom news, insider Charlie B. Kawwas sold 3,893 shares of Broadcom stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the completion of the transaction, the insider owned 25,295 shares in the company, valued at approximately $8,798,106.90. The trade was a 13.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Hock E. Tan sold 148,154 shares of Broadcom stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $336.67, for a total value of $49,879,007.18. Following the transaction, the chief executive officer owned 825,998 shares in the company, valued at $278,088,746.66. This trade represents a 15.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders purchased 3,550 shares of company stock worth $1,227,869 and sold 790,522 shares worth $224,295,124. Company insiders own 2.00% of the company's stock.

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.