Joel Isaacson & Co. LLC Has $3.15 Million Stock Position in Broadcom Inc. $AVGO

Joel Isaacson & Co. LLC lowered its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 4.3% in the second quarter, Holdings Channel reports. The institutional investor owned 11,426 shares of the semiconductor manufacturer’s stock after selling 515 shares during the period. Joel Isaacson & Co. LLC’s holdings in Broadcom were worth $3,150,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. HTG Investment Advisors Inc. acquired a new stake in shares of Broadcom during the second quarter worth $231,000. CFM Wealth Partners LLC raised its stake in Broadcom by 97.8% in the second quarter. CFM Wealth Partners LLC now owns 7,257 shares of the semiconductor manufacturer’s stock valued at $2,001,000 after purchasing an additional 3,589 shares in the last quarter. Tyche Wealth Partners LLC raised its stake in Broadcom by 45.4% in the second quarter. Tyche Wealth Partners LLC now owns 5,775 shares of the semiconductor manufacturer’s stock valued at $1,592,000 after purchasing an additional 1,802 shares in the last quarter. KLP Kapitalforvaltning AS raised its stake in Broadcom by 4.2% in the second quarter. KLP Kapitalforvaltning AS now owns 1,626,680 shares of the semiconductor manufacturer’s stock valued at $448,394,000 after purchasing an additional 65,500 shares in the last quarter. Finally, Avantra Family Wealth Inc. raised its stake in Broadcom by 4.4% in the second quarter. Avantra Family Wealth Inc. now owns 7,461 shares of the semiconductor manufacturer’s stock valued at $2,057,000 after purchasing an additional 314 shares in the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

Insider Activity at Broadcom

In other news, insider Charlie B. Kawwas sold 3,893 shares of the business’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the sale, the insider directly owned 25,295 shares in the company, valued at approximately $8,798,106.90. The trade was a 13.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Kirsten M. Spears sold 7,498 shares of the business’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total value of $2,606,754.68. Following the sale, the chief financial officer owned 313,330 shares in the company, valued at approximately $108,932,307.80. This trade represents a 2.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 3,550 shares of company stock valued at $1,227,869 and sold 664,471 shares valued at $225,184,128. 2.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently commented on AVGO. Arete Research raised Broadcom to a “strong-buy” rating in a research note on Monday, July 28th. Macquarie began coverage on Broadcom in a research note on Monday, September 15th. They issued an “outperform” rating and a $420.00 price target for the company. Piper Sandler boosted their price target on Broadcom from $315.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. Wells Fargo & Company boosted their price target on Broadcom from $255.00 to $345.00 and gave the company an “equal weight” rating in a research note on Friday, September 5th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Broadcom from $300.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Three 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 data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $357.22.

Broadcom Stock Down 5.9%

Shares of NASDAQ AVGO opened at $324.63 on Monday. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. The company has a market cap of $1.53 trillion, a price-to-earnings ratio of 82.81, a PEG ratio of 1.80 and a beta of 1.20. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $374.23. The stock has a 50-day moving average price of $322.64 and a two-hundred day moving average price of $263.58.

Broadcom (NASDAQ:AVGO) last issued its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, topping the consensus estimate of $1.66 by $0.03. The firm had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The business’s quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. As a group, analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

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 dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, September 22nd. Broadcom’s payout ratio is 60.20%.

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.