Harold Davidson & Associates Inc. Trims Stock Holdings in Broadcom Inc. $AVGO

Harold Davidson & Associates Inc. lowered its position in Broadcom Inc. (NASDAQ:AVGO) by 7.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,846 shares of the semiconductor manufacturer’s stock after selling 140 shares during the quarter. Harold Davidson & Associates Inc.’s holdings in Broadcom were worth $309,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AVGO. Waddell & Associates LLC raised its stake in shares of Broadcom by 2.1% during the first quarter. Waddell & Associates LLC now owns 2,091 shares of the semiconductor manufacturer’s stock worth $350,000 after purchasing an additional 43 shares during the last quarter. Challenger Wealth Management raised its stake in shares of Broadcom by 1.3% during the first quarter. Challenger Wealth Management now owns 3,504 shares of the semiconductor manufacturer’s stock worth $587,000 after purchasing an additional 45 shares during the last quarter. True Wealth Design LLC raised its stake in shares of Broadcom by 7.2% during the fourth quarter. True Wealth Design LLC now owns 712 shares of the semiconductor manufacturer’s stock worth $165,000 after purchasing an additional 48 shares during the last quarter. Wescott Financial Advisory Group LLC raised its stake in shares of Broadcom by 3.8% during the first quarter. Wescott Financial Advisory Group LLC now owns 1,326 shares of the semiconductor manufacturer’s stock worth $222,000 after purchasing an additional 48 shares during the last quarter. Finally, Martingale Asset Management L P raised its stake in shares of Broadcom by 1.3% during the first quarter. Martingale Asset Management L P now owns 3,876 shares of the semiconductor manufacturer’s stock worth $649,000 after purchasing an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom Stock Down 2.7%

Broadcom stock opened at $359.63 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. The firm has a market capitalization of $1.69 trillion, a price-to-earnings ratio of 91.74, a price-to-earnings-growth ratio of 2.04 and a beta of 1.16. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $374.23. The stock’s fifty day moving average is $298.61 and its two-hundred day moving average is $240.90.

Broadcom (NASDAQ:AVGO) last posted its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, beating 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 return on equity of 36.60% and a net margin of 31.59%.Broadcom’s revenue was up 22.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. Analysts predict that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd will be issued a $0.59 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.36 annualized dividend and a yield of 0.7%. Broadcom’s dividend payout ratio is 60.20%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on AVGO shares. TD Cowen upped their price target on Broadcom from $355.00 to $370.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. KeyCorp upped their price target on Broadcom from $330.00 to $400.00 and gave the stock an “overweight” rating in a research note on Friday, September 5th. Arete Research upgraded Broadcom to a “strong-buy” rating in a research note on Monday, July 28th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $300.00 price objective on shares of Broadcom in a research report on Friday, June 6th. Finally, Redburn Atlantic initiated coverage on Broadcom in a research report on Wednesday, May 28th. They issued a “buy” rating and a $301.00 price objective for the company. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $351.92.

Insider Buying and Selling

In other Broadcom news, Director Justine Page sold 800 shares of the company’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $307.46, for a total value of $245,968.00. Following the sale, the director owned 23,782 shares of the company’s stock, valued at approximately $7,312,013.72. This represents a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Harry L. You bought 500 shares of the stock in a transaction on Wednesday, September 10th. The stock was purchased at an average cost of $363.38 per share, for a total transaction of $181,690.00. Following the acquisition, the director directly owned 35,602 shares of the company’s stock, valued at $12,937,054.76. The trade was a 1.42% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 3,550 shares of company stock valued at $1,227,869 and have sold 702,758 shares valued at $184,975,481. 2.00% of the stock is currently owned by company insiders.

Broadcom Company 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.