Clarendon Private LLC Has $3.02 Million Stock Position in Broadcom Inc. $AVGO

Clarendon Private LLC decreased its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 6.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,942 shares of the semiconductor manufacturer’s stock after selling 806 shares during the period. Broadcom comprises approximately 2.9% of Clarendon Private LLC’s holdings, making the stock its 7th largest position. Clarendon Private LLC’s holdings in Broadcom were worth $3,016,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Sawyer & Company Inc boosted its holdings in Broadcom by 62.1% in the 2nd 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. Legend Financial Advisors Inc. bought a new position in Broadcom in the 2nd quarter worth $28,000. Maseco LLP bought a new position in Broadcom in the 2nd quarter worth $34,000. PFS Partners LLC boosted its holdings in Broadcom by 38.4% in the 2nd 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. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in Broadcom in the 1st quarter worth $25,000. Institutional investors own 76.43% of the company’s stock.

Broadcom Stock Down 1.4%

Shares of NASDAQ AVGO opened at $349.33 on Friday. The firm’s 50-day moving average price is $327.73 and its 200-day moving average price is $269.24. 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 stock has a market capitalization of $1.65 trillion, a price-to-earnings ratio of 89.11, a P/E/G ratio of 1.97 and a beta of 1.20. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $374.23.

Broadcom (NASDAQ:AVGO) last announced 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 analysts’ expectations of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The business’s revenue was up 22.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. On average, equities research analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

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

Insider Activity

In other news, CEO Hock E. Tan sold 100,000 shares of the company’s stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $339.58, for a total transaction of $33,958,000.00. Following the sale, the chief executive officer directly owned 725,638 shares in the company, valued at approximately $246,412,152.04. This represents a 12.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charlie B. Kawwas sold 3,893 shares of the 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 completion of the sale, the insider directly owned 25,295 shares in the company, valued at $8,798,106.90. This trade represents a 13.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders bought 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,464,248. 2.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on AVGO shares. Rosenblatt Securities upped their target price on shares of Broadcom from $340.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, September 5th. HSBC raised shares of Broadcom from a “hold” rating to a “buy” rating and set a $400.00 target price for the company in a report on Tuesday, June 24th. Barclays set a $450.00 price objective on shares of Broadcom and gave the company an “overweight” rating in a report on Tuesday. Argus increased their price objective on shares of Broadcom from $285.00 to $375.00 and gave the company a “buy” rating in a report on Monday, September 8th. Finally, Macquarie assumed coverage on shares of Broadcom in a report on Monday, September 15th. They set an “outperform” rating and a $420.00 price objective for the company. Three investment 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. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $372.33.

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.