Bogart Wealth LLC Has $10.22 Million Holdings in Broadcom Inc. $AVGO

Bogart Wealth LLC cut its position in Broadcom Inc. (NASDAQ:AVGO) by 51.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,076 shares of the semiconductor manufacturer’s stock after selling 39,490 shares during the quarter. Bogart Wealth LLC’s holdings in Broadcom were worth $10,220,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Financial Perspectives Inc raised its position in Broadcom by 1.0% in the second quarter. Financial Perspectives Inc now owns 33,038 shares of the semiconductor manufacturer’s stock valued at $9,107,000 after purchasing an additional 327 shares during the last quarter. Canvas Wealth Advisors LLC raised its position in Broadcom by 6.6% in the second quarter. Canvas Wealth Advisors LLC now owns 10,016 shares of the semiconductor manufacturer’s stock valued at $2,948,000 after purchasing an additional 616 shares during the last quarter. Schnieders Capital Management LLC raised its position in Broadcom by 59.2% in the second quarter. Schnieders Capital Management LLC now owns 14,518 shares of the semiconductor manufacturer’s stock valued at $4,002,000 after purchasing an additional 5,400 shares during the last quarter. Alan B Lancz & Associates Inc. raised its position in Broadcom by 5.4% in the second quarter. Alan B Lancz & Associates Inc. now owns 1,950 shares of the semiconductor manufacturer’s stock valued at $538,000 after purchasing an additional 100 shares during the last quarter. Finally, CORDA Investment Management LLC. bought a new position in Broadcom in the second quarter valued at about $1,363,000. 76.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Mizuho set a $435.00 target price on Broadcom and gave the company an “outperform” rating in a research report on Tuesday. Barclays set a $450.00 target price on Broadcom and gave the company an “overweight” rating in a research report on Tuesday, October 14th. KeyCorp set a $460.00 price objective on Broadcom in a research report on Monday, October 13th. Deutsche Bank Aktiengesellschaft set a $400.00 price objective on Broadcom and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Finally, JPMorgan Chase & Co. raised their price objective on Broadcom from $325.00 to $400.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. Three analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Broadcom currently has a consensus rating of “Buy” and a consensus target price of $372.52.

Insider Activity at Broadcom

In related news, CEO Hock E. Tan sold 148,154 shares of Broadcom stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $336.67, for a total transaction of $49,879,007.18. Following the sale, the chief executive officer directly owned 825,998 shares in the company, valued at approximately $278,088,746.66. This trade represents a 15.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Kirsten M. Spears sold 7,498 shares of Broadcom stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total value of $2,606,754.68. Following the sale, the chief financial officer owned 313,330 shares in the company, valued at $108,932,307.80. This trade represents a 2.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 3,550 shares of company stock valued at $1,227,869 and have sold 665,271 shares valued at $225,464,248. Corporate insiders own 2.00% of the company’s stock.

Broadcom Trading Up 2.9%

NASDAQ AVGO opened at $354.13 on Friday. The business has a 50 day simple moving average of $331.47 and a 200 day simple moving average of $275.94. Broadcom Inc. has a one year low of $138.10 and a one year high of $374.23. The stock has a market capitalization of $1.67 trillion, a P/E ratio of 90.34, a P/E/G ratio of 1.99 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 released its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 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 business had revenue of $15.95 billion during the quarter, compared to analysts’ expectations of $15.82 billion. During the same quarter last year, the firm posted $1.24 earnings per share. The firm’s revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. Research analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. Broadcom’s payout ratio is presently 60.20%.

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.