Broadcom Inc. $AVGO Shares Sold by Wellington Shields Capital Management LLC

Wellington Shields Capital Management LLC trimmed its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 8.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,815 shares of the semiconductor manufacturer’s stock after selling 1,911 shares during the period. Broadcom makes up about 1.0% of Wellington Shields Capital Management LLC’s portfolio, making the stock its 21st biggest position. Wellington Shields Capital Management LLC’s holdings in Broadcom were worth $5,738,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. BCGM Wealth Management LLC acquired a new stake in shares of Broadcom in the second quarter worth $266,000. Astra Wealth Partners LLC boosted its holdings in Broadcom by 20.0% in the second quarter. Astra Wealth Partners LLC now owns 1,852 shares of the semiconductor manufacturer’s stock valued at $511,000 after purchasing an additional 309 shares during the last quarter. Machina Capital S.A.S. grew its position in Broadcom by 177.4% during the 2nd quarter. Machina Capital S.A.S. now owns 22,379 shares of the semiconductor manufacturer’s stock worth $6,169,000 after purchasing an additional 14,313 shares during the period. Westside Investment Management Inc. raised its stake in shares of Broadcom by 1.4% during the 2nd quarter. Westside Investment Management Inc. now owns 25,613 shares of the semiconductor manufacturer’s stock valued at $6,925,000 after buying an additional 359 shares during the last quarter. Finally, Hutchens & Kramer Investment Management Group LLC lifted its holdings in shares of Broadcom by 29.3% in the 2nd quarter. Hutchens & Kramer Investment Management Group LLC now owns 2,429 shares of the semiconductor manufacturer’s stock valued at $643,000 after buying an additional 551 shares during the period. 76.43% of the stock is owned by hedge funds and other institutional investors.

Broadcom Stock Performance

NASDAQ:AVGO opened at $349.43 on Friday. 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 stock has a market capitalization of $1.65 trillion, a PE ratio of 89.14, a P/E/G ratio of 1.43 and a beta of 1.19. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $386.48. The company has a fifty day moving average of $344.91 and a two-hundred day moving average of $289.00.

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. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The business had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. During the same quarter last year, the business earned $1.24 earnings per share. The company’s revenue for the quarter was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. As a group, research analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently commented on AVGO. Wells Fargo & Company raised their target price on Broadcom from $255.00 to $345.00 and gave the stock an “equal weight” rating in a report on Friday, September 5th. Citigroup reaffirmed a “buy” rating and set a $415.00 target price (up from $350.00) on shares of Broadcom in a report on Tuesday, October 14th. Barclays set a $450.00 target price on shares of Broadcom and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft set a $400.00 price target on shares of Broadcom and gave the company a “buy” rating in a research report on Tuesday, October 14th. Finally, Benchmark upped their price objective on shares of Broadcom from $315.00 to $385.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Three analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $372.52.

Insider Buying and Selling at Broadcom

In other Broadcom news, Director Henry Samueli sold 368,797 shares of the firm’s 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 transaction, the director owned 37,722,534 shares in the company, valued at approximately $12,746,821,463.94. This trade represents a 0.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Mark David Brazeal sold 16,558 shares of Broadcom stock in a transaction on 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 sale, the insider directly owned 329,302 shares in the company, valued at approximately $114,468,668.22. This trade represents a 4.79% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have acquired 3,550 shares of company stock valued at $1,227,869 and have sold 665,271 shares valued at $225,464,248. 2.00% of the stock is owned by insiders.

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.