Mayflower Financial Advisors LLC Has $6.09 Million Position in Broadcom Inc. $AVGO

Mayflower Financial Advisors LLC lowered its holdings in Broadcom Inc. (NASDAQ:AVGO) by 1.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,105 shares of the semiconductor manufacturer’s stock after selling 242 shares during the quarter. Broadcom accounts for about 0.8% of Mayflower Financial Advisors LLC’s investment portfolio, making the stock its 25th biggest position. Mayflower Financial Advisors LLC’s holdings in Broadcom were worth $6,093,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AVGO. Golden Road Advisors LLC boosted its holdings in Broadcom by 3.8% during the second quarter. Golden Road Advisors LLC now owns 2,297 shares of the semiconductor manufacturer’s stock valued at $633,000 after purchasing an additional 85 shares in the last quarter. Analyst IMS Investment Management Services Ltd. lifted its position in shares of Broadcom by 1.9% during the 2nd quarter. Analyst IMS Investment Management Services Ltd. now owns 42,211 shares of the semiconductor manufacturer’s stock worth $11,636,000 after buying an additional 772 shares during the period. WNY Asset Management LLC boosted its stake in Broadcom by 5.0% in the 2nd quarter. WNY Asset Management LLC now owns 2,155 shares of the semiconductor manufacturer’s stock valued at $594,000 after buying an additional 102 shares in the last quarter. Whalen Wealth Management Inc. boosted its stake in Broadcom by 39.2% in the 2nd quarter. Whalen Wealth Management Inc. now owns 3,006 shares of the semiconductor manufacturer’s stock valued at $829,000 after buying an additional 847 shares in the last quarter. Finally, Wealth Management Associates Inc. grew its position in Broadcom by 0.5% in the second quarter. Wealth Management Associates Inc. now owns 10,367 shares of the semiconductor manufacturer’s stock valued at $2,858,000 after acquiring an additional 50 shares during the period. Institutional investors own 76.43% of the company’s stock.

Broadcom Price Performance

Shares of AVGO stock opened at $362.55 on Tuesday. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $386.48. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. The firm’s 50 day moving average is $340.67 and its 200-day moving average is $285.47. The firm has a market capitalization of $1.71 trillion, a price-to-earnings ratio of 92.49, a PEG ratio of 2.08 and a beta of 1.19.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data 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. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The firm had revenue of $15.95 billion during the quarter, compared to analysts’ expectations of $15.82 billion. During the same quarter in the previous year, the company posted $1.24 EPS. Broadcom’s revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. Sell-side analysts forecast that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were issued a $0.59 dividend. 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 currently 60.20%.

Insider Transactions at Broadcom

In other Broadcom news, insider Charlie B. Kawwas sold 3,893 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider directly owned 25,295 shares of the company’s stock, valued at approximately $8,798,106.90. The trade was a 13.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Hock E. Tan sold 100,000 shares of the company’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 transaction, the chief executive officer owned 725,638 shares in the company, valued at approximately $246,412,152.04. The trade was a 12.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders acquired 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.

Analysts Set New Price Targets

A number of brokerages have issued reports on AVGO. Truist Financial lifted their price objective on Broadcom from $295.00 to $365.00 and gave the company a “buy” rating in a report on Friday, September 5th. Rosenblatt Securities lifted their price target on shares of Broadcom from $340.00 to $400.00 and gave the company a “buy” rating in a report on Friday, September 5th. Deutsche Bank Aktiengesellschaft set a $400.00 price objective on shares of Broadcom and gave the stock a “buy” rating in a research note on Tuesday, October 14th. Benchmark lifted their target price on shares of Broadcom from $315.00 to $385.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Finally, UBS Group set a $415.00 target price on Broadcom and gave the stock a “buy” rating in a report on Tuesday, October 14th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $372.52.

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.