Gutierrez Wealth Advisory LLC Sells 734 Shares of Broadcom Inc. $AVGO

Key Points

• Gutierrez Wealth Advisory LLC reduced its stake in Broadcom Inc. by 23.1%, selling 734 shares, which now accounts for 0.5% of their total portfolio.
• Insider transactions include significant sell-offs, with insider Mark David Brazeal selling over 16,000 shares and Director Henry Samueli selling nearly 369,000 shares in recent months.
• Multiple analysts have raised their price targets for Broadcom, with Mizuho setting a new target of $410.00, reflecting a general bullish sentiment on the stock.

Gutierrez Wealth Advisory LLC trimmed its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 23.1% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 2,447 shares of the semiconductor manufacturer's stock after selling 734 shares during the quarter. Broadcom comprises about 0.5% of Gutierrez Wealth Advisory LLC's portfolio, making the stock its 27th biggest holding. Gutierrez Wealth Advisory LLC's holdings in Broadcom were worth $675,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of AVGO. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Broadcom during the 1st quarter worth $25,000. Cheviot Value Management LLC bought a new stake in shares of Broadcom during the 1st quarter worth $25,000. Inlight Wealth Management LLC bought a new stake in shares of Broadcom during the 1st quarter worth $26,000. Sawyer & Company Inc lifted its position in shares of Broadcom by 62.1% during the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock worth $26,000 after buying an additional 36 shares during the last quarter. Finally, Legend Financial Advisors Inc. bought a new stake in shares of Broadcom during the 2nd quarter worth $28,000. 76.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Broadcom

In related news, insider Mark David Brazeal sold 16,558 shares of the firm's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the completion of the sale, the insider owned 329,302 shares of the company's stock, valued at $114,468,668.22. This trade represents a 4.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Henry Samueli sold 368,797 shares of the firm's stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total value of $124,620,194.27. Following the sale, the director directly owned 37,722,534 shares of the company's stock, valued at $12,746,821,463.94. This represents a 0.97% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 3,550 shares of company stock valued at $1,227,869 and have sold 666,071 shares valued at $225,623,008. Company insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on AVGO shares. Benchmark upped their price objective on Broadcom from $315.00 to $385.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. JPMorgan Chase & Co. upped their target price on Broadcom from $325.00 to $400.00 and gave the stock an "overweight" rating in a report on Friday, September 5th. Barclays upped their target price on Broadcom from $265.00 to $400.00 and gave the stock an "overweight" rating in a report on Friday, September 5th. Wells Fargo & Company upped their target price on Broadcom from $255.00 to $345.00 and gave the stock an "equal weight" rating in a report on Friday, September 5th. Finally, Mizuho upped their target price on Broadcom from $355.00 to $410.00 and gave the stock an "outperform" rating in a report on Friday, September 12th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $357.22.

Broadcom Trading Down 0.1%

Shares of AVGO stock opened at $345.02 on Friday. The stock has a market cap of $1.63 trillion, a price-to-earnings ratio of 88.02, a PEG ratio of 1.91 and a beta of 1.20. The stock has a 50-day moving average of $321.92 and a 200-day moving average of $261.43. 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 1-year low of $138.10 and a 1-year high of $374.23.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued 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. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The company had revenue of $15.95 billion during the quarter, compared to analysts' expectations of $15.82 billion. During the same quarter in the prior year, the firm posted $1.24 earnings per share. The business's quarterly revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. On average, equities research analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.36 annualized dividend and a yield of 0.7%. Broadcom's dividend payout ratio (DPR) is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.