McAdam LLC Sells 100 Shares of Broadcom Inc. $AVGO

McAdam LLC lowered its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 1.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 7,278 shares of the semiconductor manufacturer’s stock after selling 100 shares during the quarter. McAdam LLC’s holdings in Broadcom were worth $2,006,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Sawyer & Company Inc grew its holdings in Broadcom by 62.1% during the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 36 shares in the last quarter. Maseco LLP bought a new stake in Broadcom during the second quarter worth $34,000. Barnes Dennig Private Wealth Management LLC bought a new stake in Broadcom during the first quarter worth $25,000. Cheviot Value Management LLC bought a new stake in Broadcom during the first quarter worth $25,000. Finally, Inlight Wealth Management LLC bought a new stake in Broadcom during the first quarter worth $26,000. Institutional investors own 76.43% of the company’s stock.

Analyst Upgrades and Downgrades

AVGO has been the subject of several recent research reports. Argus upped their price target on Broadcom from $285.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, September 8th. Morgan Stanley upped their price objective on Broadcom from $338.00 to $357.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. Hsbc Global Res upgraded Broadcom from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 24th. UBS Group upped their price objective on Broadcom from $290.00 to $345.00 and gave the company a “buy” rating in a research note on Monday, August 25th. Finally, Cowen restated a “buy” rating on shares of Broadcom in a research note on Friday, June 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $356.48.

Broadcom Stock Down 0.5%

Shares of NASDAQ AVGO opened at $334.53 on Friday. Broadcom Inc. has a one year low of $138.10 and a one year high of $374.23. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. The business’s fifty day moving average price is $313.66 and its 200-day moving average price is $252.89. The stock has a market capitalization of $1.58 trillion, a PE ratio of 85.34, a P/E/G ratio of 1.85 and a beta of 1.16.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.03. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The firm had revenue of $15.95 billion for the quarter, compared to analysts’ expectations of $15.82 billion. During the same quarter in the prior year, the firm earned $1.24 EPS. The business’s revenue for the quarter was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. On average, equities research analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 22nd will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. Broadcom’s dividend payout ratio is 60.20%.

Insider Buying and Selling at Broadcom

In related news, insider Mark David Brazeal sold 16,558 shares of the stock in a transaction dated 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 sale, the insider owned 329,302 shares of the company’s stock, valued at approximately $114,468,668.22. This represents a 4.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kirsten M. Spears sold 7,498 shares of the stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total value of $2,606,754.68. Following the sale, the chief financial officer directly owned 313,330 shares in the company, valued at $108,932,307.80. This trade represents a 2.34% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have bought 3,550 shares of company stock worth $1,227,869 and have sold 666,071 shares worth $225,623,008. Company insiders own 2.00% of the company’s stock.

About Broadcom

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.