Financial Advocates Investment Management Sells 9,463 Shares of Broadcom Inc. $AVGO

Financial Advocates Investment Management decreased its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 47.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 10,503 shares of the semiconductor manufacturer’s stock after selling 9,463 shares during the period. Financial Advocates Investment Management’s holdings in Broadcom were worth $2,895,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC grew its stake in shares of Broadcom by 21.8% during the fourth quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock worth $6,882,000 after purchasing an additional 5,322 shares during the period. Revolve Wealth Partners LLC boosted its holdings in Broadcom by 10.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock worth $1,854,000 after buying an additional 756 shares during the last quarter. United Bank grew its position in shares of Broadcom by 76.5% during the 1st quarter. United Bank now owns 2,339 shares of the semiconductor manufacturer’s stock worth $392,000 after buying an additional 1,014 shares during the period. University of Texas Texas AM Investment Management Co. increased its stake in shares of Broadcom by 12.8% in the 1st quarter. University of Texas Texas AM Investment Management Co. now owns 36,297 shares of the semiconductor manufacturer’s stock valued at $6,077,000 after acquiring an additional 4,124 shares during the last quarter. Finally, Galvin Gaustad & Stein LLC raised its position in shares of Broadcom by 73.7% in the 1st quarter. Galvin Gaustad & Stein LLC now owns 2,564 shares of the semiconductor manufacturer’s stock valued at $429,000 after acquiring an additional 1,088 shares during the period. 76.43% of the stock is owned by institutional investors.

Insider Activity

In other Broadcom news, CEO Hock E. Tan sold 100,000 shares of the business’s stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $339.58, for a total transaction of $33,958,000.00. Following the sale, the chief executive officer directly owned 725,638 shares of the company’s stock, valued at $246,412,152.04. The trade was a 12.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Henry Samueli sold 368,797 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director owned 37,722,534 shares of the company’s stock, valued at $12,746,821,463.94. The trade was a 0.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders purchased 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,483,192. Corporate insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AVGO shares. Deutsche Bank Aktiengesellschaft set a $400.00 price objective on shares of Broadcom and gave the company a “buy” rating in a report on Tuesday, October 14th. Arete Research upgraded shares of Broadcom to a “strong-buy” rating in a research report on Monday, July 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Broadcom in a research note on Wednesday, November 19th. KeyCorp set a $460.00 target price on Broadcom in a research note on Monday, October 13th. Finally, Morgan Stanley set a $409.00 price target on Broadcom and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Three research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $374.21.

Broadcom Stock Up 11.1%

NASDAQ:AVGO opened at $377.96 on Tuesday. The stock has a 50-day simple moving average of $348.43 and a 200 day simple moving average of $302.46. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $386.48. The company has a market cap of $1.78 trillion, a PE ratio of 96.42, a PEG ratio of 1.16 and a beta of 1.19. 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 issued its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.03. The company had revenue of $15.95 billion during 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 business’s quarterly revenue was up 22.0% on a year-over-year basis. During the same period last year, the business earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. On average, sell-side analysts expect that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.6%. The ex-dividend date was Monday, September 22nd. Broadcom’s payout ratio is presently 60.20%.

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.