Eads & Heald Wealth Management Sells 907 Shares of Broadcom Inc. $AVGO

Eads & Heald Wealth Management reduced its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 7.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,605 shares of the semiconductor manufacturer’s stock after selling 907 shares during the period. Broadcom comprises 1.4% of Eads & Heald Wealth Management’s investment portfolio, making the stock its 14th biggest position. Eads & Heald Wealth Management’s holdings in Broadcom were worth $2,923,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Autumn Glory Partners LLC grew its position in shares of Broadcom by 7.5% during the 2nd quarter. Autumn Glory Partners LLC now owns 4,736 shares of the semiconductor manufacturer’s stock valued at $1,305,000 after acquiring an additional 331 shares during the period. Cullinan Associates Inc. grew its position in shares of Broadcom by 11.5% during the 2nd quarter. Cullinan Associates Inc. now owns 9,700 shares of the semiconductor manufacturer’s stock valued at $2,674,000 after acquiring an additional 1,000 shares during the period. Sendero Wealth Management LLC grew its position in shares of Broadcom by 61.6% during the 2nd quarter. Sendero Wealth Management LLC now owns 23,835 shares of the semiconductor manufacturer’s stock valued at $6,570,000 after acquiring an additional 9,086 shares during the period. Petros Family Wealth LLC lifted its stake in shares of Broadcom by 2.8% during the 2nd quarter. Petros Family Wealth LLC now owns 2,892 shares of the semiconductor manufacturer’s stock valued at $797,000 after buying an additional 78 shares in the last quarter. Finally, Valeo Financial Advisors LLC lifted its stake in shares of Broadcom by 2,171.0% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,378,356 shares of the semiconductor manufacturer’s stock valued at $379,944,000 after buying an additional 1,317,661 shares in the last quarter. 76.43% of the stock is owned by institutional investors.

Broadcom Stock Performance

NASDAQ AVGO opened at $324.63 on Friday. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $374.23. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. The stock has a market capitalization of $1.53 trillion, a PE ratio of 82.81, a P/E/G ratio of 1.91 and a beta of 1.20. The company’s 50 day simple moving average is $322.64 and its two-hundred day simple moving average is $262.37.

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 firm 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 business’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

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

Insider Transactions at Broadcom

In other news, CFO Kirsten M. Spears sold 7,498 shares of the stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.66, for a total value of $2,606,754.68. Following 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 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 the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the completion of the transaction, the insider directly owned 329,302 shares in the company, valued at $114,468,668.22. The trade was a 4.79% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 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 currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently commented on AVGO shares. KeyCorp restated an “overweight” rating and set a $420.00 price target (up from $400.00) on shares of Broadcom in a research note on Tuesday, September 30th. Oppenheimer restated an “outperform” rating and set a $360.00 price target (up from $325.00) on shares of Broadcom in a research note on Friday, September 5th. Wall Street Zen upgraded shares of Broadcom from a “hold” rating to a “buy” rating in a research note on Saturday, September 6th. Sanford C. Bernstein upped their price target on shares of Broadcom from $295.00 to $400.00 and gave the company an “outperform” rating in a research note on Friday, September 5th. Finally, Evercore ISI restated an “outperform” rating and set a $342.00 price target (up from $304.00) on shares of Broadcom in a research note on Thursday, September 4th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Broadcom presently has a consensus rating of “Buy” and a consensus target price of $357.22.

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.