IMZ Advisory Inc Cuts Stock Holdings in Broadcom Inc. $AVGO

IMZ Advisory Inc decreased its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 5.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,105 shares of the semiconductor manufacturer’s stock after selling 120 shares during the quarter. Broadcom accounts for 0.2% of IMZ Advisory Inc’s portfolio, making the stock its 23rd largest position. IMZ Advisory Inc’s holdings in Broadcom were worth $596,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Barnes Dennig Private Wealth Management LLC purchased a new stake in Broadcom in the first quarter worth approximately $25,000. Cheviot Value Management LLC purchased a new stake in Broadcom in the first quarter worth approximately $25,000. Inlight Wealth Management LLC purchased a new stake in Broadcom in the first quarter worth approximately $26,000. Sawyer & Company Inc boosted its holdings in Broadcom by 62.1% in the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 36 shares during the last quarter. Finally, Legend Financial Advisors Inc. purchased a new stake in Broadcom in the second quarter worth approximately $28,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom Stock Up 9.9%

Shares of AVGO stock opened at $356.70 on Tuesday. The company has a market capitalization of $1.68 trillion, a price-to-earnings ratio of 90.99, a PEG ratio of 1.80 and a beta of 1.20. Broadcom Inc. has a one year low of $138.10 and a one year high of $374.23. The company’s fifty day moving average price is $323.82 and its 200-day moving average price is $264.90. 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 EPS for the quarter, beating the consensus estimate of $1.66 by $0.03. The firm had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The company’s revenue was up 22.0% on a year-over-year basis. During the same period last year, the firm earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Sell-side analysts expect that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders 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 dividend payout ratio (DPR) is presently 60.20%.

Wall Street Analyst Weigh In

AVGO has been the topic of several research reports. Arete Research upgraded shares of Broadcom to a “strong-buy” rating in a report on Monday, July 28th. Hsbc Global Res upgraded shares of Broadcom from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 24th. The Goldman Sachs Group reiterated a “buy” rating and issued a $340.00 price target on shares of Broadcom in a research report on Wednesday, August 13th. Piper Sandler increased their price target on shares of Broadcom from $315.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. Finally, Morgan Stanley increased their price target on shares of Broadcom from $338.00 to $357.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 2nd. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $359.44.

Insider Activity

In other Broadcom news, 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 value of $5,755,726.38. Following the sale, the insider directly owned 329,302 shares in the company, valued at approximately $114,468,668.22. The trade was a 4.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $124,620,194.27. Following the completion of the sale, the director owned 37,722,534 shares in the company, valued at approximately $12,746,821,463.94. This represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 3,550 shares of company stock worth $1,227,869 and sold 664,471 shares worth $225,184,128. Company insiders own 2.00% of the company’s stock.

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.