Montag A & Associates Inc. Has $20.84 Million Position in Broadcom Inc. $AVGO

Montag A & Associates Inc. lowered its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 4.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,341 shares of the semiconductor manufacturer’s stock after selling 3,369 shares during the quarter. Broadcom comprises 1.0% of Montag A & Associates Inc.’s portfolio, making the stock its 26th largest holding. Montag A & Associates Inc.’s holdings in Broadcom were worth $20,843,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AVGO. Renasant Bank raised its position in shares of Broadcom by 29.6% in the first quarter. Renasant Bank now owns 7,096 shares of the semiconductor manufacturer’s stock valued at $2,196,000 after purchasing an additional 1,619 shares during the period. Aljian Capital Management LLC boosted its holdings in shares of Broadcom by 5.4% during the 1st quarter. Aljian Capital Management LLC now owns 26,146 shares of the semiconductor manufacturer’s stock worth $8,093,000 after buying an additional 1,337 shares during the period. McLaughlin Asset Management Inc. grew its stake in Broadcom by 2.0% in the 1st quarter. McLaughlin Asset Management Inc. now owns 10,303 shares of the semiconductor manufacturer’s stock valued at $3,189,000 after buying an additional 203 shares during the last quarter. American Capital Advisory LLC grew its stake in Broadcom by 4.1% in the 1st quarter. American Capital Advisory LLC now owns 1,359 shares of the semiconductor manufacturer’s stock valued at $421,000 after buying an additional 53 shares during the last quarter. Finally, Jackson Thornton Wealth Management LLC raised its holdings in Broadcom by 15.0% in the 1st quarter. Jackson Thornton Wealth Management LLC now owns 6,445 shares of the semiconductor manufacturer’s stock worth $1,995,000 after acquiring an additional 839 shares during the period. Institutional investors and hedge funds own 76.43% of the company’s stock.

Broadcom Stock Performance

AVGO stock traded down $1.14 during trading on Friday, reaching $399.97. 14,579,242 shares of the stock were exchanged, compared to its average volume of 26,802,910. Broadcom Inc. has a twelve month low of $269.58 and a twelve month high of $495.00. The company has a current ratio of 2.24, a quick ratio of 2.01 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $1.90 trillion, a P/E ratio of 66.66, a price-to-earnings-growth ratio of 0.70 and a beta of 1.45. The stock has a 50 day simple moving average of $405.29 and a 200-day simple moving average of $364.13.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings data on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.04. Broadcom had a return on equity of 41.61% and a net margin of 38.85%.The company had revenue of $22.19 billion during the quarter, compared to the consensus estimate of $22.13 billion. During the same quarter last year, the company earned $1.58 EPS. The company’s quarterly revenue was up 47.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Broadcom Inc. will post 10.24 earnings per share for the current year.

Broadcom Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 22nd were given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, June 22nd. Broadcom’s dividend payout ratio (DPR) is 43.33%.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s expanded Apple agreement, valued at more than $30 billion through 2031, strengthens visibility for revenue and highlights demand beyond AI chips. Why Broadcom Stock Rose Today
• Positive Sentiment: Analysts remain upbeat on Broadcom’s AI business, with Jefferies reiterating a Buy rating and a $550 price target as AI chip momentum improves. Broadcom’s (AVGO) AI Chip Momentum Keeps Wall Street Bullish
• Positive Sentiment: Broadcom is being viewed as a broader AI infrastructure winner because its networking products help connect large-scale AI systems, expanding the investment thesis beyond GPUs and custom chips. Broadcom stock’s latest catalyst targets Nvidia where it looks strongest
• Neutral Sentiment: Some coverage notes Broadcom’s near-$2 trillion market value and strong AI revenue growth, but also suggests much of the good news may already be reflected in the stock. Broadcom Is Less Than 5% From the $2 Trillion Club — and Apple Just Committed $30 Billion for More Chips
• Negative Sentiment: Erste Group downgraded Broadcom to Hold, citing valuation concerns, which may be limiting upside after the recent rally. Erste Group downgrades Broadcom to Hold citing valuation concerns

Analyst Ratings Changes

A number of research firms have weighed in on AVGO. KeyCorp reissued an “overweight” rating and set a $575.00 target price (up from $500.00) on shares of Broadcom in a research report on Thursday, June 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $515.00 price target (up from $430.00) on shares of Broadcom in a research report on Thursday, June 4th. Truist Financial boosted their price objective on Broadcom from $545.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, June 4th. Evercore restated an “outperform” rating and set a $582.00 target price on shares of Broadcom in a research note on Tuesday, May 19th. Finally, JPMorgan Chase & Co. upped their price target on Broadcom from $500.00 to $580.00 and gave the stock an “overweight” rating in a report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $493.24.

Insider Buying and Selling at Broadcom

In other news, insider Mark David Brazeal sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $379.19, for a total transaction of $9,479,750.00. Following the completion of the transaction, the insider directly owned 219,989 shares of the company’s stock, valued at approximately $83,417,628.91. This trade represents a 10.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Harry L. You bought 1,000 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were acquired at an average price of $373.57 per share, for a total transaction of $373,570.00. Following the completion of the transaction, the director owned 38,466 shares in the company, valued at $14,369,743.62. This represents a 2.67% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold 36,644 shares of company stock worth $13,982,964 over the last three months. 1.90% of the stock is currently owned by corporate insiders.

About Broadcom

Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company’s semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.

On the semiconductor side, Broadcom’s portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.