Montz Harcus Wealth Management LLC Lowers Stock Holdings in Broadcom Inc. $AVGO

Montz Harcus Wealth Management LLC trimmed its stake in Broadcom Inc. (NASDAQ:AVGO) by 4.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,492 shares of the semiconductor manufacturer’s stock after selling 121 shares during the period. Montz Harcus Wealth Management LLC’s holdings in Broadcom were worth $687,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Barnes Dennig Private Wealth Management LLC bought a new position in Broadcom in the first quarter worth approximately $25,000. Cheviot Value Management LLC bought a new position in Broadcom in the first quarter worth approximately $25,000. Inlight Wealth Management LLC bought a new position in Broadcom in the first quarter worth approximately $26,000. Sawyer & Company Inc raised its stake in Broadcom by 62.1% in the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 36 shares in the last quarter. Finally, Legend Financial Advisors Inc. bought a new position in Broadcom in the second quarter worth approximately $28,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on AVGO shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Broadcom in a research note on Saturday, September 27th. Benchmark increased their target price on shares of Broadcom from $315.00 to $385.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Sanford C. Bernstein increased their target price on shares of Broadcom from $295.00 to $400.00 and gave the company an “outperform” rating in a research report on Friday, September 5th. Citigroup increased their target price on shares of Broadcom from $315.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Finally, Rosenblatt Securities increased their target price on shares of Broadcom from $340.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Three research 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. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $357.22.

Broadcom Trading Up 0.3%

Shares of Broadcom stock opened at $336.41 on Wednesday. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $374.23. The firm has a market capitalization of $1.59 trillion, a price-to-earnings ratio of 85.82, a PEG ratio of 1.86 and a beta of 1.20. The firm’s 50 day simple moving average is $320.03 and its two-hundred day simple moving average is $259.78.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.03. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The business had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. During the same quarter in the prior year, the business posted $1.24 EPS. Broadcom’s revenue for the quarter was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. Analysts predict that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were paid a dividend of $0.59 per share. The ex-dividend date was Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. Broadcom’s dividend payout ratio is presently 60.20%.

Insider Buying and Selling at Broadcom

In other news, insider Charlie B. Kawwas sold 3,893 shares of the stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total value of $1,354,063.26. Following the sale, the insider owned 25,295 shares in the company, valued at $8,798,106.90. This represents a 13.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Hock E. Tan sold 148,154 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $336.67, for a total transaction of $49,879,007.18. Following the completion of the sale, the chief executive officer owned 825,998 shares in the company, valued at $278,088,746.66. The trade was a 15.21% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have acquired 3,550 shares of company stock worth $1,227,869 and have sold 666,071 shares worth $225,623,008. 2.00% of the stock is 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.