Mayflower Financial Advisors LLC Has $6.09 Million Stake in Broadcom Inc. $AVGO

Mayflower Financial Advisors LLC lowered its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 1.1% during the second quarter, Holdings Channel.com reports. The institutional investor owned 22,105 shares of the semiconductor manufacturer’s stock after selling 242 shares during the quarter. Broadcom comprises approximately 0.8% of Mayflower Financial Advisors LLC’s investment portfolio, making the stock its 25th largest position. Mayflower Financial Advisors LLC’s holdings in Broadcom were worth $6,093,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cheviot Value Management LLC bought a new stake in Broadcom in the first quarter valued at approximately $25,000. Sawyer & Company Inc grew its holdings in shares of 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. bought a new stake in shares of Broadcom in the 2nd quarter valued at $28,000. Wood Tarver Financial Group LLC raised its stake in Broadcom by 342.5% during the 1st quarter. Wood Tarver Financial Group LLC now owns 177 shares of the semiconductor manufacturer’s stock worth $30,000 after buying an additional 137 shares during the period. Finally, LGT Financial Advisors LLC bought a new position in Broadcom during the second quarter worth about $31,000. 76.43% of the stock is owned by institutional investors.

Insider Activity at Broadcom

In other news, insider Charlie B. Kawwas sold 3,893 shares of the stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total value of $1,354,063.26. Following the completion of the sale, the insider owned 25,295 shares of the company’s stock, valued at approximately $8,798,106.90. This represents a 13.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Mark David Brazeal sold 16,558 shares of the business’s 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 transaction, the insider owned 329,302 shares in the company, valued at approximately $114,468,668.22. The trade was a 4.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have purchased 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,464,248. 2.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on AVGO shares. Sanford C. Bernstein raised their price target on Broadcom from $295.00 to $400.00 and gave the stock an “outperform” rating in a research report on Friday, September 5th. Barclays set a $450.00 target price on shares of Broadcom and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Wells Fargo & Company upped their price target on shares of Broadcom from $255.00 to $345.00 and gave the company an “equal weight” rating in a report on Friday, September 5th. Evercore ISI upped their price target on shares of Broadcom from $342.00 to $403.00 and gave the company an “outperform” rating in a report on Wednesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft set a $400.00 price objective on shares of Broadcom and gave the stock a “buy” rating in a report on Tuesday, October 14th. Three investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $372.52.

Broadcom Stock Down 1.9%

Broadcom stock opened at $362.55 on Tuesday. The company has a fifty day simple moving average of $340.67 and a 200 day simple moving average of $285.47. 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 1-year low of $138.10 and a 1-year high of $386.48. The company has a market cap of $1.71 trillion, a P/E ratio of 92.49, a price-to-earnings-growth ratio of 2.08 and a beta of 1.19.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data 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 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 quarterly revenue was up 22.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Research analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

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

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.