Broadcom Inc. $AVGO Shares Sold by TFC Financial Management Inc.

TFC Financial Management Inc. lessened its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 6.2% in the second quarter, Holdings Channel reports. The firm owned 2,115 shares of the semiconductor manufacturer’s stock after selling 139 shares during the period. TFC Financial Management Inc.’s holdings in Broadcom were worth $583,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sawyer & Company Inc increased its position in Broadcom by 62.1% during the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 36 shares in the last quarter. Legend Financial Advisors Inc. acquired a new stake in Broadcom in the second quarter valued at approximately $28,000. Maseco LLP acquired a new stake in Broadcom in the second quarter valued at approximately $34,000. PFS Partners LLC grew its position in Broadcom by 38.4% in the second quarter. PFS Partners LLC now owns 137 shares of the semiconductor manufacturer’s stock valued at $38,000 after acquiring an additional 38 shares in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in Broadcom in the first quarter valued at approximately $25,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Broadcom Stock Performance

Shares of AVGO opened at $340.30 on Thursday. The business’s fifty day moving average price is $329.86 and its 200 day moving average price is $272.43. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $374.23. The stock has a market capitalization of $1.61 trillion, a PE ratio of 86.81, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20. 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 announced 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 for the quarter, compared to analysts’ expectations of $15.82 billion. During the same period last year, the business posted $1.24 earnings per share. The firm’s revenue for the quarter was up 22.0% on a year-over-year basis. 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were paid a dividend of $0.59 per share. The ex-dividend date was Monday, September 22nd. This represents a $2.36 annualized dividend and a yield of 0.7%. Broadcom’s dividend payout ratio (DPR) is 60.20%.

Analyst Ratings Changes

Several brokerages have issued reports on AVGO. TD Cowen increased their price objective on shares of Broadcom from $355.00 to $370.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Weiss Ratings downgraded shares of Broadcom from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Truist Financial increased their price objective on shares of Broadcom from $295.00 to $365.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Wall Street Zen raised shares of Broadcom from a “hold” rating to a “buy” rating in a research report on Saturday, September 6th. Finally, Macquarie began coverage on shares of Broadcom in a research report on Monday, September 15th. They issued an “outperform” rating and a $420.00 price objective for the company. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Broadcom presently has an average rating of “Buy” and a consensus price target of $372.52.

Insider Activity

In related news, insider Mark David Brazeal sold 16,558 shares of the firm’s stock in a transaction on 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 transaction, the insider directly owned 329,302 shares in the company, valued at $114,468,668.22. This trade represents a 4.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Charlie B. Kawwas sold 3,893 shares of the firm’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total value of $1,354,063.26. Following the completion of the sale, the insider owned 25,295 shares in the company, valued at $8,798,106.90. The trade was a 13.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders purchased 3,550 shares of company stock valued at $1,227,869 and sold 665,271 shares valued at $225,464,248. Company insiders own 2.00% of the company’s stock.

Broadcom Company 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.