Bogart Wealth LLC Sells 39,490 Shares of Broadcom Inc. $AVGO

Bogart Wealth LLC cut its position in Broadcom Inc. (NASDAQ:AVGO) by 51.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in AVGO. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Broadcom in the first quarter valued at $25,000. Cheviot Value Management LLC bought a new stake in shares of Broadcom in the 1st quarter valued at about $25,000. Sawyer & Company Inc lifted its stake in shares of Broadcom by 62.1% in the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 36 shares during the last quarter. Legend Financial Advisors Inc. bought a new position in Broadcom during the 2nd quarter valued at approximately $28,000. Finally, Wood Tarver Financial Group LLC raised its position in Broadcom by 342.5% during the 1st quarter. Wood Tarver Financial Group LLC now owns 177 shares of the semiconductor manufacturer’s stock valued at $30,000 after purchasing an additional 137 shares during the last quarter. 76.43% of the stock is currently owned by institutional investors.

Broadcom Trading Up 2.9%

AVGO opened at $354.13 on Friday. The firm has a market cap 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. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $374.23. 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 stock has a 50-day moving average of $331.47 and a 200 day moving average of $275.94.

Broadcom (NASDAQ:AVGO) last released 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. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The company had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.82 billion. During the same quarter last year, the business 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. As a group, research analysts forecast that Broadcom Inc. will post 5.38 EPS for the current 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 dividend yield of 0.7%. The ex-dividend date was Monday, September 22nd. Broadcom’s payout ratio is 60.20%.

Wall Street Analysts Forecast Growth

AVGO has been the subject of several research reports. Macquarie initiated coverage on Broadcom in a research report on Monday, September 15th. They issued an “outperform” rating and a $420.00 target price for the company. Weiss Ratings upgraded Broadcom from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Evercore ISI raised their price target on Broadcom from $342.00 to $403.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 15th. Morgan Stanley set a $409.00 price target on Broadcom and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Finally, Piper Sandler raised their target price on Broadcom from $315.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. Three investment 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, Broadcom presently has a consensus rating of “Buy” and an average target price of $372.52.

Insider Buying and Selling at Broadcom

In other Broadcom news, Director Henry Samueli sold 368,797 shares of the business’s stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the completion of the transaction, the director owned 37,722,534 shares in the company, valued at $12,746,821,463.94. The trade was a 0.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Mark David Brazeal sold 16,558 shares of Broadcom stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the sale, the insider directly owned 329,302 shares of the company’s stock, valued at $114,468,668.22. This represents a 4.79% decrease in their position. The disclosure for this sale can be found here. Over the last ninety 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. 2.00% of the stock is currently owned by corporate insiders.

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.