Greenwood Capital Associates LLC Sells 8,095 Shares of Broadcom Inc. $AVGO

Greenwood Capital Associates LLC trimmed its holdings in Broadcom Inc. (NASDAQ:AVGO) by 14.6% during the second quarter, Holdings Channel reports. The institutional investor owned 47,459 shares of the semiconductor manufacturer’s stock after selling 8,095 shares during the period. Broadcom makes up 1.6% of Greenwood Capital Associates LLC’s portfolio, making the stock its 9th biggest holding. Greenwood Capital Associates LLC’s holdings in Broadcom were worth $13,082,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Broadcom in the 1st quarter valued at about $25,000. Cheviot Value Management LLC acquired a new position in shares of Broadcom in the 1st quarter valued at about $25,000. Inlight Wealth Management LLC acquired a new position in shares of Broadcom in the 1st quarter valued at about $26,000. Sawyer & Company Inc lifted its stake 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 purchasing an additional 36 shares in the last quarter. Finally, Legend Financial Advisors Inc. acquired a new position in shares of Broadcom in the 2nd quarter valued at about $28,000. 76.43% of the stock is owned by institutional investors and hedge funds.

Broadcom Price Performance

AVGO stock opened at $336.41 on Wednesday. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $374.23. 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 capitalization of $1.59 trillion, a PE ratio of 85.82, a P/E/G ratio of 1.86 and a beta of 1.20. The stock’s 50 day moving average is $320.03 and its two-hundred day moving average is $259.78.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.03. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The business had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.82 billion. During the same period in the previous year, the business earned $1.24 EPS. The business’s quarterly revenue was up 22.0% on a year-over-year basis. 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 company 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. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, September 22nd. Broadcom’s payout ratio is 60.20%.

Analyst Upgrades and Downgrades

AVGO has been the topic of several research analyst reports. Piper Sandler lifted 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. Barclays raised their target price on Broadcom from $265.00 to $400.00 and gave the company an “overweight” rating in a report on Friday, September 5th. Evercore ISI reiterated an “outperform” rating and set a $342.00 target price (up from $304.00) on shares of Broadcom in a report on Thursday, September 4th. JPMorgan Chase & Co. raised their target price on Broadcom from $325.00 to $400.00 and gave the company an “overweight” rating in a report on Friday, September 5th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $340.00 target price on shares of Broadcom in a report on Wednesday, August 13th. Three research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Broadcom has an average rating of “Buy” and an average price target of $357.22.

Insiders Place Their Bets

In other news, Director Henry Samueli sold 368,797 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the director directly owned 37,722,534 shares in the company, valued at approximately $12,746,821,463.94. The trade was a 0.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark David Brazeal sold 16,558 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total value of $5,755,726.38. Following the transaction, the insider owned 329,302 shares of the company’s stock, valued at $114,468,668.22. This represents a 4.79% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 3,550 shares of company stock worth $1,227,869 and sold 666,071 shares worth $225,623,008. Insiders own 2.00% of the company’s stock.

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.