Strait & Sound Wealth Management LLC Sells 150 Shares of Broadcom Inc. $AVGO

Strait & Sound Wealth Management LLC cut its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 2.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,068 shares of the semiconductor manufacturer’s stock after selling 150 shares during the quarter. Broadcom accounts for 0.8% of Strait & Sound Wealth Management LLC’s holdings, making the stock its 27th largest position. Strait & Sound Wealth Management LLC’s holdings in Broadcom were worth $1,948,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Interchange Capital Partners LLC boosted its position in shares of Broadcom by 5.1% during the 2nd quarter. Interchange Capital Partners LLC now owns 8,775 shares of the semiconductor manufacturer’s stock worth $2,444,000 after acquiring an additional 423 shares in the last quarter. Cabot Wealth Management Inc. acquired a new stake in shares of Broadcom during the 2nd quarter worth approximately $275,000. Brighton Jones LLC boosted its position in shares of Broadcom by 14.5% during the 2nd quarter. Brighton Jones LLC now owns 43,178 shares of the semiconductor manufacturer’s stock worth $11,902,000 after acquiring an additional 5,466 shares in the last quarter. Stegent Equity Advisors Inc. acquired a new stake in shares of Broadcom during the 2nd quarter worth approximately $996,000. Finally, MQS Management LLC acquired a new stake in shares of Broadcom during the 2nd quarter worth approximately $602,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Insider Buying and Selling at Broadcom

In other Broadcom news, Director Henry Samueli sold 368,797 shares of Broadcom stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $337.91, for a total value of $124,620,194.27. Following the completion of the sale, the director directly owned 37,722,534 shares of the company’s stock, valued at approximately $12,746,821,463.94. The trade was a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Charlie B. Kawwas sold 3,893 shares of Broadcom stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the completion of the sale, the insider directly owned 25,295 shares of the company’s stock, valued at approximately $8,798,106.90. This trade represents a 13.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have purchased 3,550 shares of company stock valued at $1,227,869 and have sold 665,271 shares valued at $225,464,248. Corporate insiders own 2.00% of the company’s stock.

Broadcom Price Performance

Shares of NASDAQ:AVGO opened at $369.63 on Friday. The firm has a market cap of $1.75 trillion, a PE ratio of 94.29, a price-to-earnings-growth ratio of 2.12 and a beta of 1.20. The firm’s fifty day moving average is $339.31 and its 200-day moving average is $282.63. 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 Inc. has a 52 week low of $138.10 and a 52 week high of $386.48.

Broadcom (NASDAQ:AVGO) last issued its quarterly 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 analyst estimates of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. Broadcom’s revenue was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. Sell-side analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Monday, September 22nd. Broadcom’s dividend payout ratio (DPR) is currently 60.20%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AVGO. Wells Fargo & Company increased their price target on shares of Broadcom from $255.00 to $345.00 and gave the stock an “equal weight” rating in a research report on Friday, September 5th. Weiss Ratings upgraded shares of Broadcom from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 24th. Evercore ISI increased their price target on shares of Broadcom from $342.00 to $403.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 15th. Oppenheimer reiterated an “outperform” rating and set a $360.00 price target (up previously from $325.00) on shares of Broadcom in a research report on Friday, September 5th. Finally, UBS Group set a $415.00 price target on shares of Broadcom and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Broadcom currently has a consensus rating of “Buy” and a consensus price target of $372.52.

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.