Teamwork Financial Advisors LLC Sells 7,611 Shares of Broadcom Inc. $AVGO

Key Points

• Teamwork Financial Advisors LLC significantly reduced its stake in Broadcom Inc. by 51.6%, selling 7,611 shares during the second quarter, leaving them with 7,141 shares valued at approximately $1.97 million.
• Several institutional investors, including PARUS FINANCE UK Ltd and Geneos Wealth Management Inc., have increased their holdings in Broadcom, reflecting a strong interest in the company among large investors.
• Broadcom reported a net margin of 31.59% and a quarterly revenue of $15.95 billion, marking a 22% increase year-over-year, alongside an announced quarterly dividend of $0.59 per share.

Teamwork Financial Advisors LLC lessened its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 51.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,141 shares of the semiconductor manufacturer's stock after selling 7,611 shares during the period. Teamwork Financial Advisors LLC's holdings in Broadcom were worth $1,968,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. PARUS FINANCE UK Ltd increased its holdings in Broadcom by 175.3% during the 1st quarter. PARUS FINANCE UK Ltd now owns 100,578 shares of the semiconductor manufacturer's stock worth $16,840,000 after acquiring an additional 64,038 shares during the period. Geneos Wealth Management Inc. increased its holdings in Broadcom by 27.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 64,130 shares of the semiconductor manufacturer's stock worth $10,737,000 after acquiring an additional 13,978 shares during the period. Keener Financial Planning LLC increased its holdings in Broadcom by 34.8% during the 1st quarter. Keener Financial Planning LLC now owns 890 shares of the semiconductor manufacturer's stock worth $149,000 after acquiring an additional 230 shares during the period. Diversify Wealth Management LLC increased its holdings in Broadcom by 5.6% during the 1st quarter. Diversify Wealth Management LLC now owns 38,016 shares of the semiconductor manufacturer's stock worth $6,365,000 after acquiring an additional 2,016 shares during the period. Finally, Acorns Advisers LLC increased its holdings in Broadcom by 24.3% during the 1st quarter. Acorns Advisers LLC now owns 4,184 shares of the semiconductor manufacturer's stock worth $701,000 after acquiring an additional 818 shares during the period. Institutional investors own 76.43% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on AVGO. Cantor Fitzgerald reissued an "overweight" rating and issued a $300.00 price target on shares of Broadcom in a report on Friday, June 6th. Benchmark increased their price target on shares of Broadcom from $315.00 to $385.00 and gave the stock a "buy" rating in a report on Friday, September 5th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Broadcom from $300.00 to $350.00 and gave the stock a "buy" rating in a report on Friday, September 5th. Wells Fargo & Company increased their price target on shares of Broadcom from $255.00 to $345.00 and gave the stock an "equal weight" rating in a report on Friday, September 5th. Finally, Sanford C. Bernstein increased their price target on shares of Broadcom from $295.00 to $400.00 and gave the stock an "outperform" rating in a report on Friday, September 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $354.04.

Broadcom Price Performance

AVGO stock opened at $359.87 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $374.23. The firm's fifty day moving average is $300.31 and its 200 day moving average is $242.50. The firm has a market cap of $1.70 trillion, a P/E ratio of 91.80, a P/E/G ratio of 1.99 and a beta of 1.16.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating the consensus estimate of $1.66 by $0.03. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The company had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. During the same quarter last year, the firm earned $1.24 EPS. The firm's quarterly revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. Research analysts predict 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 850,112 shares worth $234,654,209. 2.00% of the stock is currently owned by corporate insiders.

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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