Keudell Morrison Wealth Management Lowers Stock Position in Broadcom Inc. $AVGO

Keudell Morrison Wealth Management reduced its stake in Broadcom Inc. (NASDAQ:AVGO) by 3.5% during the second quarter, HoldingsChannel reports. The firm owned 4,260 shares of the semiconductor manufacturer’s stock after selling 154 shares during the period. Keudell Morrison Wealth Management’s holdings in Broadcom were worth $1,174,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Global Strategic Investment Solutions LLC raised its stake in shares of Broadcom by 2.7% during the second quarter. Global Strategic Investment Solutions LLC now owns 3,396 shares of the semiconductor manufacturer’s stock worth $936,000 after acquiring an additional 89 shares in the last quarter. Fortitude Advisory Group L.L.C. raised its stake in shares of Broadcom by 2.7% during the second quarter. Fortitude Advisory Group L.L.C. now owns 13,332 shares of the semiconductor manufacturer’s stock worth $3,675,000 after acquiring an additional 349 shares in the last quarter. IVC Wealth Advisors LLC raised its stake in shares of Broadcom by 6.4% during the second quarter. IVC Wealth Advisors LLC now owns 3,673 shares of the semiconductor manufacturer’s stock worth $1,012,000 after acquiring an additional 221 shares in the last quarter. Beacon Financial Advisory LLC raised its stake in shares of Broadcom by 2.0% during the second quarter. Beacon Financial Advisory LLC now owns 4,224 shares of the semiconductor manufacturer’s stock worth $1,164,000 after acquiring an additional 82 shares in the last quarter. Finally, Kickstand Ventures LLC. raised its stake in shares of Broadcom by 22.2% during the second quarter. Kickstand Ventures LLC. now owns 2,834 shares of the semiconductor manufacturer’s stock worth $781,000 after acquiring an additional 515 shares in the last quarter. 76.43% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Henry Samueli sold 368,797 shares of Broadcom stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $337.91, for a total value of $124,620,194.27. Following the sale, the director owned 37,722,534 shares in the company, 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, insider Mark David Brazeal sold 16,558 shares of Broadcom stock in a transaction on Wednesday, September 17th. The shares were 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 in the company, valued at approximately $114,468,668.22. This trade represents a 4.79% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 3,550 shares of company stock valued at $1,227,869 and have sold 666,071 shares valued at $225,623,008. 2.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Wells Fargo & Company lifted their price target on shares of Broadcom from $255.00 to $345.00 and gave the stock an “equal weight” rating in a research note on Friday, September 5th. Mizuho lifted their price target on shares of Broadcom from $355.00 to $410.00 and gave the stock an “outperform” rating in a research note on Friday, September 12th. Truist Financial lifted their price target on shares of Broadcom from $295.00 to $365.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Oppenheimer restated an “outperform” rating and issued a $360.00 target price (up previously from $325.00) on shares of Broadcom in a report on Friday, September 5th. Finally, Morgan Stanley raised their target price on shares of Broadcom from $338.00 to $357.00 and gave the stock an “overweight” rating in a report on Tuesday, September 2nd. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $357.22.

Broadcom Stock Down 5.9%

Shares of Broadcom stock opened at $324.63 on Friday. The stock has a market capitalization of $1.53 trillion, a price-to-earnings ratio of 82.81, a P/E/G ratio of 1.91 and a beta of 1.20. The company’s 50 day moving average price is $322.64 and its 200-day moving average price is $262.37. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $374.23. 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 (NASDAQ:AVGO) last released 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. The business had revenue of $15.95 billion for the quarter, compared to analysts’ expectations of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The firm’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. Equities research analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

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

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.