Allen Mooney & Barnes Investment Advisors LLC Sells 139 Shares of Broadcom Inc. $AVGO

Allen Mooney & Barnes Investment Advisors LLC cut its holdings in Broadcom Inc. (NASDAQ:AVGO) by 5.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,234 shares of the semiconductor manufacturer’s stock after selling 139 shares during the period. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Broadcom were worth $616,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sunbeam Capital Management LLC bought a new position in Broadcom in the 4th quarter worth approximately $28,000. Vermillion Wealth Management Inc. bought a new position in Broadcom in the 4th quarter worth approximately $30,000. Barnes Dennig Private Wealth Management LLC bought a new position in Broadcom in the 1st quarter worth approximately $25,000. Cheviot Value Management LLC bought a new position in Broadcom in the 1st quarter worth approximately $25,000. Finally, Inlight Wealth Management LLC bought a new position in Broadcom in the 1st quarter worth approximately $26,000. 76.43% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Gayla J. Delly sold 3,000 shares of Broadcom stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $265.13, for a total value of $795,390.00. Following the transaction, the director owned 33,352 shares in the company, valued at $8,842,615.76. This trade represents a 8.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kirsten M. Spears sold 56,310 shares of the business’s stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $251.75, for a total transaction of $14,176,042.50. Following the completion of the transaction, the chief financial officer owned 361,937 shares in the company, valued at $91,117,639.75. The trade was a 13.46% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 3,550 shares of company stock worth $1,227,869 and have sold 850,112 shares worth $234,654,209. 2.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AVGO shares. Wall Street Zen upgraded shares of Broadcom from a “hold” rating to a “buy” rating in a research note on Saturday, September 6th. Morgan Stanley increased their target price on shares of Broadcom from $338.00 to $357.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. JPMorgan Chase & Co. increased their target price on shares of Broadcom from $325.00 to $400.00 and gave the stock an “overweight” rating in a research note on Friday, September 5th. Arete Research upgraded shares of Broadcom to a “strong-buy” rating in a research note on Monday, July 28th. Finally, Cowen reiterated a “buy” rating on shares of Broadcom in a research note on Friday, June 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $354.04.

Broadcom Stock Performance

Broadcom stock opened at $359.87 on Monday. The stock has a market cap of $1.70 trillion, a P/E ratio of 91.80, a price-to-earnings-growth ratio of 1.99 and a beta of 1.16. The firm’s fifty day moving average price is $300.31 and its 200-day moving average price is $242.50. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $374.23. 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 earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.03. The company had revenue of $15.95 billion for 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 firm’s revenue was up 22.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. On average, equities research analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 22nd will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, September 22nd. Broadcom’s dividend payout ratio (DPR) is presently 60.20%.

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.