Pathway Financial Advisors LLC Lowers Stock Holdings in Broadcom Inc. $AVGO

Pathway Financial Advisors LLC lessened its stake in Broadcom Inc. (NASDAQ:AVGO) by 65.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,960 shares of the semiconductor manufacturer’s stock after selling 5,660 shares during the period. Pathway Financial Advisors LLC’s holdings in Broadcom were worth $816,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Barnes Dennig Private Wealth Management LLC purchased a new position in Broadcom in the 1st quarter valued at $25,000. Cheviot Value Management LLC purchased a new position in Broadcom during the 1st quarter worth $25,000. Inlight Wealth Management LLC acquired a new stake in shares of Broadcom in the 1st quarter worth $26,000. Sawyer & Company Inc lifted its stake in shares of Broadcom by 62.1% in the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 36 shares during the period. Finally, Legend Financial Advisors Inc. purchased a new stake in shares of Broadcom in the second quarter valued at about $28,000. 76.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AVGO. HSBC raised shares of Broadcom from a “hold” rating to a “buy” rating and set a $400.00 price target for the company in a report on Tuesday, June 24th. Weiss Ratings downgraded Broadcom from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Mizuho set a $430.00 price target on Broadcom in a report on Monday, October 13th. Argus lifted their price target on Broadcom from $285.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, September 8th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $360.00 price objective (up previously from $325.00) on shares of Broadcom in a research report on Friday, September 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Broadcom currently has an average rating of “Buy” and a consensus price target of $372.33.

Broadcom Stock Performance

AVGO opened at $349.33 on Friday. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $374.23. The stock has a market cap of $1.65 trillion, a P/E ratio of 89.11, a P/E/G ratio of 1.97 and a beta of 1.20. The stock’s 50 day simple moving average is $327.73 and its 200 day simple moving average is $269.24. 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 (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. The firm had revenue of $15.95 billion during the quarter, compared to analysts’ expectations of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.Broadcom’s revenue was up 22.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

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

Insider Transactions at Broadcom

In other Broadcom news, Director Justine Page sold 800 shares of the firm’s stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $350.15, for a total transaction of $280,120.00. Following the completion of the transaction, the director directly owned 22,182 shares in the company, valued at approximately $7,767,027.30. This trade represents a 3.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Hock E. Tan sold 100,000 shares of Broadcom 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 transaction, the chief executive officer 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,464,248. Insiders own 2.00% of the company’s stock.

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.