Horizon Family Wealth Inc. Sells 468 Shares of Broadcom Inc. $AVGO

Horizon Family Wealth Inc. lowered its position in Broadcom Inc. (NASDAQ:AVGO) by 9.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,390 shares of the semiconductor manufacturer’s stock after selling 468 shares during the quarter. Broadcom accounts for about 0.7% of Horizon Family Wealth Inc.’s holdings, making the stock its 27th largest position. Horizon Family Wealth Inc.’s holdings in Broadcom were worth $1,210,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of AVGO. Sawyer & Company Inc increased its holdings in Broadcom by 62.1% in the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 36 shares during the period. Legend Financial Advisors Inc. acquired a new stake in shares of Broadcom during the 2nd quarter valued at about $28,000. LGT Financial Advisors LLC bought a new stake in Broadcom in the second quarter valued at about $31,000. New England Capital Financial Advisors LLC acquired a new position in Broadcom in the second quarter worth about $31,000. Finally, Maseco LLP bought a new position in Broadcom during the second quarter worth about $34,000. 76.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Broadcom

In related news, CEO Hock E. Tan sold 148,154 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $336.67, for a total value of $49,879,007.18. Following the transaction, the chief executive officer owned 825,998 shares in the company, valued at $278,088,746.66. This trade represents a 15.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Henry Samueli sold 368,797 shares of the business’s stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total value of $124,620,194.27. Following the sale, the director directly owned 37,722,534 shares of the company’s stock, valued at $12,746,821,463.94. This represents a 0.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have acquired 3,550 shares of company stock valued at $1,227,869 and have sold 664,471 shares valued at $225,218,280. 2.00% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on AVGO shares. Piper Sandler upped their price objective on Broadcom from $315.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. Citigroup reiterated a “buy” rating and set a $415.00 price objective (up from $350.00) on shares of Broadcom in a research note on Tuesday, October 14th. Bank of America boosted their target price on shares of Broadcom from $300.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Broadcom in a research report on Thursday. Finally, JPMorgan Chase & Co. boosted their price target on shares of Broadcom from $325.00 to $400.00 and gave the company an “overweight” rating in a research report on Friday, September 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Broadcom presently has an average rating of “Buy” and an average target price of $372.52.

Broadcom Stock Up 0.1%

Shares of NASDAQ AVGO opened at $342.65 on Tuesday. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. The company has a market cap of $1.62 trillion, a price-to-earnings ratio of 87.41, a price-to-earnings-growth ratio of 1.37 and a beta of 1.19. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $386.48. The firm’s 50-day simple moving average is $349.03 and its 200 day simple moving average is $297.23.

Broadcom (NASDAQ:AVGO) last announced its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.03. The company had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The company’s revenue was up 22.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. On average, research analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were given 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 dividend yield of 0.7%. Broadcom’s payout ratio is presently 60.20%.

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.