Greenwich Wealth Management LLC Sells 1,785 Shares of Broadcom Inc. $AVGO

Key Points

• Greenwich Wealth Management reduced its Broadcom stake by 11.5% in the second quarter, selling 1,785 shares and retaining 13,708 shares valued at approximately $5.18 million. Institutional investors collectively own 76.43% of Broadcom.
• Wall Street remains broadly bullish: 37 analysts rate the stock a Buy and one rates it a Strong Buy, contributing to a “Moderate Buy” consensus and an average price target of $527.20.
• Broadcom exceeded quarterly earnings and revenue expectations, reporting $3.32 in EPS and $29.59 billion in revenue, with revenue up 85.5% year over year. The company also declared a quarterly dividend of $0.65 per share.

Greenwich Wealth Management LLC lowered its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 11.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 13,708 shares of the semiconductor manufacturer's stock after selling 1,785 shares during the period. Greenwich Wealth Management LLC's holdings in Broadcom were worth $5,178,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in AVGO. Networth Advisors LLC raised its holdings in shares of Broadcom by 546.2% in the 1st quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer's stock valued at $26,000 after purchasing an additional 71 shares in the last quarter. Core Capital Management & Research inc. acquired a new position in shares of Broadcom during the second quarter worth $31,000. Harborfront Financial Group LLC purchased a new position in Broadcom in the second quarter valued at $38,000. Cherry Tree Wealth Management LLC increased its holdings in Broadcom by 44.9% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 129 shares of the semiconductor manufacturer's stock valued at $45,000 after buying an additional 40 shares during the last quarter. Finally, Godfrey Financial Associates Inc. acquired a new stake in Broadcom in the fourth quarter valued at $56,000. Institutional investors and hedge funds own 76.43% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AVGO. Rosenblatt Securities assumed coverage on Broadcom in a report on Thursday, September 3rd. They set a "buy" rating and a $600.00 price target for the company. Oppenheimer reissued an "outperform" rating and set a $535.00 target price (up from $450.00) on shares of Broadcom in a research report on Thursday, June 4th. Morgan Stanley reissued an "overweight" rating and set a $505.00 target price (up from $502.00) on shares of Broadcom in a research report on Thursday, September 3rd. Fox Advisors upgraded Broadcom to an "outperform" rating in a research note on Thursday, September 3rd. Finally, TD Cowen reaffirmed a "buy" rating and issued a $475.00 price target (down from $500.00) on shares of Broadcom in a report on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Broadcom has an average rating of "Moderate Buy" and an average price target of $527.20.

Broadcom Stock Performance

NASDAQ AVGO traded up $6.14 on Tuesday, reaching $355.71. The stock had a trading volume of 10,126,808 shares, compared to its average volume of 25,130,479. The stock has a market cap of $1.70 trillion, a P/E ratio of 45.41 and a beta of 1.44. Broadcom Inc. has a 12-month low of $289.96 and a 12-month high of $495.00. The business's 50-day moving average price is $375.79 and its 200 day moving average price is $380.50. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.29 and a current ratio of 2.50.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.22 by $0.10. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The business had revenue of $29.59 billion for the quarter, compared to analyst estimates of $29.24 billion. During the same period last year, the firm posted $1.69 earnings per share. The company's revenue for the quarter was up 85.5% compared to the same quarter last year. As a group, equities analysts expect that Broadcom Inc. will post 10.36 earnings per share for the current year.

Broadcom Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be paid a $0.65 dividend. The ex-dividend date is Monday, September 21st. This represents a $2.60 dividend on an annualized basis and a yield of 0.7%. Broadcom's payout ratio is currently 33.21%.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Analysts continue to raise their valuation expectations for Broadcom, with one report citing an average price target of $527.20. This implies substantial upside from recent trading levels and supports bullish sentiment. Broadcom Average Target Price Analysts Raise Broadcom Price Targets
• Positive Sentiment: Broadcom’s long record of dividend increases remains attractive to income-oriented investors. The company has raised its dividend for 15 consecutive years, while fiscal 2026 free cash flow through three quarters had already exceeded all of fiscal 2025, potentially supporting another increase in December. Broadcom Dividend Growth
• Positive Sentiment: Commentary describes AVGO as a relatively attractive semiconductor value, while its custom AI-chip business continues to position the company as a key beneficiary of hyperscaler infrastructure spending. Broadcom Semiconductor Bargain
• Neutral Sentiment: Broadcom is attracting heightened attention from investors, but the report offers no new fundamental information or specific catalyst. Broadcom Investor Attention
• Negative Sentiment: Broadcom has significantly lagged Marvell this year despite both benefiting from custom AI-chip demand. That relative underperformance may raise concerns about near-term momentum and investor preference for faster-growing peers. Marvell Versus Broadcom

Insiders Place Their Bets

In other news, Director Gayla Delly sold 1,890 shares of the company's stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $385.38, for a total value of $728,368.20. Following the completion of the sale, the director directly owned 31,326 shares of the company's stock, valued at approximately $12,072,413.88. This represents a 5.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark Brazeal sold 25,000 shares of the stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $401.33, for a total transaction of $10,033,250.00. Following the sale, the insider owned 194,989 shares of the company's stock, valued at $78,254,935.37. This trade represents a 11.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 51,890 shares of company stock worth $20,241,368. 1.90% of the stock is currently owned by company insiders.

Broadcom Company Profile

Broadcom Inc NASDAQ: AVGO is a global technology company that designs, develops, and supplies semiconductor and infrastructure software products. Its semiconductor solutions support wired and wireless communications, data center networking, broadband access, storage, industrial applications, and other markets.

The company's semiconductor portfolio includes networking and switching products, custom application-specific integrated circuits, wireless connectivity components, radio-frequency devices, optical components, and storage-related solutions.

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