Fountainhead AM LLC Sells 307 Shares of Broadcom Inc. $AVGO

Fountainhead AM LLC lessened its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 2.3% in the second quarter, Holdings Channel.com reports. The fund owned 12,963 shares of the semiconductor manufacturer’s stock after selling 307 shares during the period. Fountainhead AM LLC’s holdings in Broadcom were worth $3,573,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. boosted its position in Broadcom by 2.4% during the 2nd quarter. Assetmark Inc. now owns 1,703,487 shares of the semiconductor manufacturer’s stock valued at $469,566,000 after acquiring an additional 39,466 shares in the last quarter. PARUS FINANCE UK Ltd lifted its stake in shares of Broadcom by 175.3% in the 1st quarter. PARUS FINANCE UK Ltd now owns 100,578 shares of the semiconductor manufacturer’s stock valued at $16,840,000 after purchasing an additional 64,038 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Broadcom by 27.9% during the first quarter. Geneos Wealth Management Inc. now owns 64,130 shares of the semiconductor manufacturer’s stock valued at $10,737,000 after purchasing an additional 13,978 shares in the last quarter. Ethic Inc. grew its stake in Broadcom by 1.6% in the second quarter. Ethic Inc. now owns 329,339 shares of the semiconductor manufacturer’s stock worth $88,708,000 after purchasing an additional 5,249 shares during the period. Finally, Asio Capital LLC raised its holdings in Broadcom by 2.0% in the second quarter. Asio Capital LLC now owns 54,459 shares of the semiconductor manufacturer’s stock worth $15,012,000 after purchasing an additional 1,089 shares in the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AVGO. Bank of America upped their target price on shares of Broadcom from $300.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. KeyCorp set a $460.00 price objective on shares of Broadcom in a research note on Monday, October 13th. Mizuho set a $435.00 target price on shares of Broadcom and gave the company an “outperform” rating in a research note on Tuesday, October 21st. Rosenblatt Securities lifted their target price on shares of Broadcom from $340.00 to $400.00 and gave the company a “buy” rating in a report on Friday, September 5th. Finally, Barclays set a $450.00 price target on Broadcom and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. 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 stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $372.52.

Broadcom Price Performance

Shares of AVGO opened at $339.98 on Friday. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $386.48. The company has a market capitalization of $1.61 trillion, a P/E ratio of 86.73, a price-to-earnings-growth ratio of 1.43 and a beta of 1.19. The firm has a 50 day moving average of $348.93 and a 200 day moving average of $293.71. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86.

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

Broadcom Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, September 22nd. Broadcom’s dividend payout ratio (DPR) is presently 60.20%.

Insiders Place Their Bets

In other Broadcom news, insider Charlie B. Kawwas sold 3,893 shares of the company’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kirsten M. Spears sold 7,498 shares of Broadcom stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total transaction of $2,606,754.68. Following the completion of the sale, the chief financial officer owned 313,330 shares of the company’s stock, valued at $108,932,307.80. This represents a 2.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have bought 3,550 shares of company stock worth $1,227,869 and have sold 664,471 shares worth $225,218,280. Corporate insiders own 2.00% of the company’s stock.

Broadcom 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.