Broadcom Inc. $AVGO Stock Position Decreased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System lessened its stake in Broadcom Inc. (NASDAQ:AVGO) by 0.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 479,300 shares of the semiconductor manufacturer’s stock after selling 3,000 shares during the quarter. Broadcom comprises about 2.4% of Louisiana State Employees Retirement System’s holdings, making the stock its 6th largest holding. Louisiana State Employees Retirement System’s holdings in Broadcom were worth $132,119,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in 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 worth $26,000 after buying an additional 36 shares during the period. 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 worth $38,000 after buying an additional 38 shares during the period. Waddell & Associates LLC boosted its position in shares of 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 buying an additional 43 shares during the period. Luts & Greenleigh Group Inc. boosted its position in shares of 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 buying an additional 44 shares during the period. Finally, Challenger Wealth Management boosted its position in shares of 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 buying an additional 45 shares during the period. Institutional investors and hedge funds own 76.43% of the company’s stock.

Analyst Ratings Changes

AVGO has been the subject of several research analyst reports. Truist Financial raised their price target on Broadcom from $295.00 to $365.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Citigroup raised their price target on Broadcom from $315.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. UBS Group raised their price target on Broadcom from $290.00 to $345.00 and gave the stock a “buy” rating in a research report on Monday, August 25th. Oppenheimer reiterated an “outperform” rating and issued a $360.00 target price (up from $325.00) on shares of Broadcom in a report on Friday, September 5th. Finally, Weiss Ratings lowered Broadcom from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Broadcom presently has a consensus rating of “Buy” and an average price target of $357.22.

Broadcom Trading Down 5.9%

NASDAQ:AVGO opened at $324.63 on Monday. 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 stock has a fifty day moving average price of $322.64 and a 200 day moving average price of $263.58. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $374.23. 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 (NASDAQ:AVGO) last released its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.03. The firm had revenue of $15.95 billion during 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%.Broadcom’s revenue was up 22.0% compared to the same quarter last year. During the same period last year, the business posted $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. Sell-side analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

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

Insider Activity at Broadcom

In other Broadcom news, insider Mark David Brazeal sold 16,558 shares of Broadcom stock in a transaction dated 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 completion of the sale, the insider directly owned 329,302 shares of the company’s stock, valued at $114,468,668.22. The trade was a 4.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Hock E. Tan sold 100,000 shares of Broadcom stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $339.58, for a total value of $33,958,000.00. Following the sale, the chief executive officer directly owned 725,638 shares of the company’s stock, valued at $246,412,152.04. This trade represents a 12.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders bought 3,550 shares of company stock worth $1,227,869 and sold 664,471 shares worth $225,184,128. Corporate insiders own 2.00% of the company’s stock.

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.