Broadcom Inc. $AVGO Shares Sold by Foresight Capital Management Advisors Inc.

Foresight Capital Management Advisors Inc. lessened its position in Broadcom Inc. (NASDAQ:AVGO) by 5.1% in the second quarter, HoldingsChannel reports. The fund owned 20,429 shares of the semiconductor manufacturer’s stock after selling 1,094 shares during the quarter. Broadcom makes up approximately 3.3% of Foresight Capital Management Advisors Inc.’s holdings, making the stock its 7th largest holding. Foresight Capital Management Advisors Inc.’s holdings in Broadcom were worth $5,631,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Sawyer & Company Inc boosted its position in shares of Broadcom by 62.1% during the second 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 last quarter. PFS Partners LLC boosted its position in shares of Broadcom by 38.4% during the second quarter. PFS Partners LLC now owns 137 shares of the semiconductor manufacturer’s stock valued at $38,000 after buying an additional 38 shares during the last quarter. Waddell & Associates LLC lifted its holdings in Broadcom by 2.1% during the first quarter. Waddell & Associates LLC now owns 2,091 shares of the semiconductor manufacturer’s stock worth $350,000 after acquiring an additional 43 shares during the period. Luts & Greenleigh Group Inc. lifted its holdings in Broadcom by 1.3% during the second quarter. Luts & Greenleigh Group Inc. now owns 3,405 shares of the semiconductor manufacturer’s stock worth $939,000 after acquiring an additional 44 shares during the period. Finally, Challenger Wealth Management lifted its holdings in Broadcom by 1.3% during the first quarter. Challenger Wealth Management now owns 3,504 shares of the semiconductor manufacturer’s stock worth $587,000 after acquiring an additional 45 shares during the period. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AVGO. Citigroup lifted their price target on Broadcom from $315.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Piper Sandler lifted their price target on Broadcom from $315.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. Weiss Ratings lowered Broadcom from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Oppenheimer reiterated an “outperform” rating and set a $360.00 price target (up from $325.00) on shares of Broadcom in a report on Friday, September 5th. Finally, Wall Street Zen upgraded Broadcom from a “hold” rating to a “buy” rating in a report on Saturday, September 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $357.22.

Insider Buying and Selling

In other news, Director Henry Samueli sold 368,797 shares of Broadcom stock in a transaction 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Hock E. Tan sold 148,154 shares of Broadcom stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $336.67, for a total value of $49,879,007.18. Following the completion of the transaction, the chief executive officer owned 825,998 shares of the company’s stock, valued at approximately $278,088,746.66. This trade represents a 15.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders bought 3,550 shares of company stock valued at $1,227,869 and sold 666,071 shares valued at $225,623,008. 2.00% of the stock is owned by company insiders.

Broadcom Stock Performance

Shares of AVGO opened at $324.63 on Friday. The firm has a market cap of $1.53 trillion, a PE ratio of 82.81, a PEG ratio of 1.80 and a beta of 1.20. The stock’s fifty day moving average price is $322.64 and its two-hundred day moving average price is $262.95. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $374.23.

Broadcom (NASDAQ:AVGO) last issued its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 36.60% and a net margin of 31.59%.The business’s revenue was up 22.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. On average, equities research analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were given a $0.59 dividend. The ex-dividend date 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%.

About Broadcom

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.