ZWJ Investment Counsel Inc. Sells 25,060 Shares of Broadcom Inc. $AVGO

ZWJ Investment Counsel Inc. lowered its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 6.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 358,065 shares of the semiconductor manufacturer's stock after selling 25,060 shares during the period. Broadcom accounts for 3.7% of ZWJ Investment Counsel Inc.'s holdings, making the stock its 3rd largest holding. ZWJ Investment Counsel Inc.'s holdings in Broadcom were worth $98,701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in AVGO. Brighton Jones LLC boosted its position in Broadcom by 21.8% in the fourth quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer's stock valued at $6,882,000 after buying an additional 5,322 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Broadcom by 10.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer's stock worth $1,854,000 after purchasing an additional 756 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Broadcom by 9.2% during the first quarter. GAMMA Investing LLC now owns 103,184 shares of the semiconductor manufacturer's stock worth $17,276,000 after purchasing an additional 8,672 shares during the period. Sanibel Captiva Trust Company Inc. lifted its holdings in shares of Broadcom by 1.4% during the first quarter. Sanibel Captiva Trust Company Inc. now owns 96,877 shares of the semiconductor manufacturer's stock worth $16,220,000 after purchasing an additional 1,325 shares during the period. Finally, Petredis Investment Advisors LLC lifted its holdings in shares of Broadcom by 2.0% during the first quarter. Petredis Investment Advisors LLC now owns 60,162 shares of the semiconductor manufacturer's stock worth $10,073,000 after purchasing an additional 1,156 shares during the period. Institutional investors and hedge funds own 76.43% of the company's stock.

Broadcom Trading Up 2.7%

AVGO opened at $345.50 on Thursday. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $374.23. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. The company has a market cap of $1.63 trillion, a P/E ratio of 88.14, a price-to-earnings-growth ratio of 1.86 and a beta of 1.20. The company has a fifty day moving average price of $320.89 and a two-hundred day moving average price of $260.37.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted 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 net margin of 31.59% and a return on equity of 36.60%. The firm had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.82 billion. During the same period in the previous year, the firm posted $1.24 earnings per share. The business's revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. Analysts predict that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

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

Analyst Upgrades and Downgrades

AVGO has been the topic of a number of recent research reports. Macquarie initiated coverage on shares of Broadcom in a report on Monday, September 15th. They set an "outperform" rating and a $420.00 price target on the stock. Weiss Ratings lowered shares of Broadcom from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday. KeyCorp reiterated an "overweight" rating and set a $420.00 price target (up previously from $400.00) on shares of Broadcom in a report on Tuesday, September 30th. Mizuho lifted their price target on shares of Broadcom from $355.00 to $410.00 and gave the stock an "outperform" rating in a report on Friday, September 12th. Finally, Arete Research upgraded shares of Broadcom to a "strong-buy" rating in a report on Monday, July 28th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Broadcom presently has a consensus rating of "Buy" and an average target price of $357.22.

Insider Transactions at Broadcom

In other news, Director Henry Samueli sold 368,797 shares of the business's stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the completion of the sale, the director directly owned 37,722,534 shares of the company's stock, valued at $12,746,821,463.94. The trade was a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Hock E. Tan sold 100,000 shares of the business's stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $339.58, for a total transaction of $33,958,000.00. Following the sale, the chief executive officer directly owned 725,638 shares of the company's stock, valued at approximately $246,412,152.04. The trade was a 12.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders purchased 3,550 shares of company stock valued at $1,227,869 and sold 666,071 shares valued at $225,623,008. 2.00% of the stock is currently owned by company 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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