180 Wealth Advisors LLC Sells 2,273 Shares of Broadcom Inc. $AVGO

180 Wealth Advisors LLC decreased its holdings in Broadcom Inc. (NASDAQ:AVGO) by 3.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 61,974 shares of the semiconductor manufacturer’s stock after selling 2,273 shares during the quarter. Broadcom accounts for about 2.4% of 180 Wealth Advisors LLC’s investment portfolio, making the stock its 5th largest position. 180 Wealth Advisors LLC’s holdings in Broadcom were worth $17,083,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cheviot Value Management LLC acquired a new stake in Broadcom during the 1st quarter worth about $25,000. Sawyer & Company Inc raised its holdings 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 buying an additional 36 shares during the period. Legend Financial Advisors Inc. acquired a new stake in Broadcom during the 2nd quarter worth about $28,000. Wood Tarver Financial Group LLC raised its holdings in Broadcom by 342.5% during the 1st quarter. Wood Tarver Financial Group LLC now owns 177 shares of the semiconductor manufacturer’s stock worth $30,000 after buying an additional 137 shares during the period. Finally, LGT Financial Advisors LLC acquired a new stake in Broadcom during the 2nd quarter worth about $31,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Broadcom Price Performance

NASDAQ AVGO opened at $385.98 on Thursday. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $1.82 trillion, a PE ratio of 98.46, a price-to-earnings-growth ratio of 2.10 and a beta of 1.20. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $386.48. The company has a 50 day moving average price of $336.06 and a two-hundred day moving average price of $280.64.

Broadcom (NASDAQ:AVGO) last announced its quarterly 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. The company had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. Broadcom’s quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

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

Analysts Set New Price Targets

AVGO has been the topic of several recent analyst reports. TD Cowen boosted their price objective on Broadcom from $355.00 to $370.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Macquarie assumed coverage on Broadcom in a report on Monday, September 15th. They issued an “outperform” rating and a $420.00 target price on the stock. KeyCorp set a $460.00 price target on shares of Broadcom in a research report on Monday, October 13th. Citigroup restated a “buy” rating and set a $415.00 price target (up from $350.00) on shares of Broadcom in a report on Tuesday, October 14th. Finally, Morgan Stanley set a $409.00 price objective on shares of Broadcom and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Three analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $372.52.

Insider Activity

In other Broadcom news, CFO Kirsten M. Spears sold 7,498 shares of the stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.66, for a total transaction of $2,606,754.68. Following the transaction, the chief financial officer directly owned 313,330 shares of the company’s stock, valued at $108,932,307.80. This represents a 2.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Charlie B. Kawwas sold 3,893 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the transaction, the insider directly 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 SEC filing for this sale provides additional information. Over the last three months, insiders acquired 3,550 shares of company stock valued at $1,227,869 and sold 665,271 shares valued at $225,464,248. Corporate 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.