Accel Wealth Management Decreases Stake in Broadcom Inc. $AVGO

Accel Wealth Management reduced its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 16.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 6,493 shares of the semiconductor manufacturer’s stock after selling 1,304 shares during the period. Accel Wealth Management’s holdings in Broadcom were worth $1,790,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Sawyer & Company Inc boosted its position in shares of Broadcom by 62.1% during the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 36 shares in the last quarter. Legend Financial Advisors Inc. purchased a new stake in shares of Broadcom during the 2nd quarter worth $28,000. Maseco LLP purchased a new stake in shares of Broadcom during the 2nd quarter worth $34,000. PFS Partners LLC boosted its position in shares of Broadcom by 38.4% during the 2nd quarter. PFS Partners LLC now owns 137 shares of the semiconductor manufacturer’s stock worth $38,000 after purchasing an additional 38 shares in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Broadcom during the 1st quarter worth $25,000. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Kirsten M. Spears sold 7,498 shares of the company’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.66, for a total transaction of $2,606,754.68. Following the completion of the transaction, the chief financial officer owned 313,330 shares of the company’s stock, valued at $108,932,307.80. This represents a 2.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Hock E. Tan sold 148,154 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $336.67, for a total transaction of $49,879,007.18. Following the transaction, the chief executive officer directly owned 825,998 shares of the company’s stock, valued at approximately $278,088,746.66. This represents a 15.21% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders bought 3,550 shares of company stock worth $1,227,869 and sold 666,071 shares worth $225,623,008. Company insiders own 2.00% of the company’s stock.

Broadcom Price Performance

NASDAQ:AVGO opened at $345.02 on Friday. The firm has a market cap of $1.63 trillion, a price-to-earnings ratio of 88.02, a price-to-earnings-growth ratio of 1.91 and a beta of 1.20. 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 company’s 50-day moving average is $321.92 and its two-hundred day moving average is $261.43. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $374.23.

Broadcom (NASDAQ:AVGO) last released its 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. The company had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The firm’s quarterly revenue was up 22.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Research analysts expect that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

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

Analyst Ratings Changes

Several research analysts have recently issued reports on AVGO shares. Rosenblatt Securities lifted their price target on Broadcom from $340.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Deutsche Bank Aktiengesellschaft lifted their price target on Broadcom from $300.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Macquarie started coverage on Broadcom in a research note on Monday, September 15th. They set an “outperform” rating and a $420.00 price target for the company. Wall Street Zen raised Broadcom from a “hold” rating to a “buy” rating in a research note on Saturday, September 6th. Finally, Piper Sandler lifted their price target on Broadcom from $315.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $357.22.

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.