Broadcom Inc. $AVGO Shares Sold by Slow Capital Inc.

Slow Capital Inc. cut its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 6.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 200,407 shares of the semiconductor manufacturer’s stock after selling 13,840 shares during the quarter. Broadcom comprises 6.8% of Slow Capital Inc.’s investment portfolio, making the stock its largest holding. Slow Capital Inc.’s holdings in Broadcom were worth $55,242,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of AVGO. Brighton Jones LLC increased its position in shares of Broadcom by 21.8% during the fourth quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock valued at $6,882,000 after purchasing an additional 5,322 shares during the period. Revolve Wealth Partners LLC increased its position in shares of Broadcom by 10.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock valued at $1,854,000 after purchasing an additional 756 shares during the period. GAMMA Investing LLC increased its position in shares of Broadcom by 9.2% during the first quarter. GAMMA Investing LLC now owns 103,184 shares of the semiconductor manufacturer’s stock valued at $17,276,000 after purchasing an additional 8,672 shares during the period. Vaughan Nelson Investment Management L.P. increased its position in shares of Broadcom by 1,023.7% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 252,450 shares of the semiconductor manufacturer’s stock valued at $42,267,000 after purchasing an additional 229,985 shares during the period. Finally, Grant Private Wealth Management Inc increased its position in shares of Broadcom by 5.8% during the first quarter. Grant Private Wealth Management Inc now owns 8,529 shares of the semiconductor manufacturer’s stock valued at $1,418,000 after purchasing an additional 467 shares during the period. 76.43% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Mark David Brazeal sold 16,558 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The stock was 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 in the company, valued at $114,468,668.22. This trade represents a 4.79% 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, insider Charlie B. Kawwas sold 3,893 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total value of $1,354,063.26. Following the completion of the transaction, the insider owned 25,295 shares in the company, valued at approximately $8,798,106.90. This represents a 13.34% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 3,550 shares of company stock valued at $1,227,869 and have sold 664,471 shares valued at $225,184,128. 2.00% of the stock is currently owned by insiders.

Broadcom Stock Performance

Shares of NASDAQ:AVGO opened at $324.63 on Monday. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $374.23. The firm has a market cap of $1.53 trillion, a PE ratio of 82.81, a price-to-earnings-growth ratio of 1.80 and a beta of 1.20. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. The business has a fifty day moving average of $322.64 and a 200-day moving average of $263.58.

Broadcom (NASDAQ:AVGO) last announced its 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 company had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.82 billion. During the same period last year, the company posted $1.24 earnings per share. The firm’s quarterly revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. On average, equities research analysts predict that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were paid a $0.59 dividend. 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 dividend payout ratio (DPR) is 60.20%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AVGO shares. Sanford C. Bernstein boosted their price objective on Broadcom from $295.00 to $400.00 and gave the company an “outperform” rating in a research report on Friday, September 5th. Oppenheimer reiterated an “outperform” rating and issued a $360.00 price target (up from $325.00) on shares of Broadcom in a research report on Friday, September 5th. Barclays upped their price target on Broadcom from $265.00 to $400.00 and gave the company an “overweight” rating in a research report on Friday, September 5th. Wall Street Zen upgraded Broadcom from a “hold” rating to a “buy” rating in a research report on Saturday, September 6th. Finally, Truist Financial upped their price target on Broadcom from $295.00 to $365.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $357.22.

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.