Crux Wealth Advisors Lowers Stock Holdings in Broadcom Inc. $AVGO

Crux Wealth Advisors lowered its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 43.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,082 shares of the semiconductor manufacturer’s stock after selling 5,472 shares during the quarter. Crux Wealth Advisors’ holdings in Broadcom were worth $1,952,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AVGO. Sawyer & Company Inc boosted its holdings in Broadcom by 62.1% in the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 36 shares in the last quarter. Legend Financial Advisors Inc. purchased a new stake in Broadcom in the 2nd quarter valued at approximately $28,000. Maseco LLP purchased a new stake in Broadcom in the 2nd quarter valued at approximately $34,000. PFS Partners LLC boosted its holdings in Broadcom by 38.4% in the 2nd quarter. PFS Partners LLC now owns 137 shares of the semiconductor manufacturer’s stock valued at $38,000 after purchasing an additional 38 shares in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC purchased a new stake in Broadcom in the 1st quarter valued at approximately $25,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom Trading Up 2.9%

Shares of Broadcom stock opened at $354.13 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $374.23. The company has a market capitalization of $1.67 trillion, a P/E ratio of 90.34, a P/E/G ratio of 1.94 and a beta of 1.20. The business has a 50 day moving average price of $331.47 and a 200 day moving average price of $275.11.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, topping 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 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 EPS. The company’s quarterly revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. Sell-side analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. TD Cowen lifted their price objective on Broadcom from $355.00 to $370.00 and gave the company a “buy” rating in a report on Friday, September 5th. UBS Group set a $415.00 price target on Broadcom and gave the stock a “buy” rating in a research note on Tuesday, October 14th. Morgan Stanley set a $409.00 price target on Broadcom and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Benchmark boosted their price target on Broadcom from $315.00 to $385.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Finally, Rosenblatt Securities boosted their price target on Broadcom from $340.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Broadcom presently has an average rating of “Buy” and an average price target of $372.52.

Insider Activity

In other Broadcom news, Director Henry Samueli sold 368,797 shares of the business’s stock in a transaction 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 completion of the transaction, the director directly owned 37,722,534 shares in the company, valued at approximately $12,746,821,463.94. The trade was a 0.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Hock E. Tan sold 148,154 shares of the business’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $336.67, for a total value of $49,879,007.18. Following the completion of the transaction, the chief executive officer owned 825,998 shares of the company’s stock, valued at $278,088,746.66. This trade represents a 15.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders acquired 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,464,248. 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.