Isthmus Partners LLC Sells 264 Shares of Broadcom Inc. $AVGO

Isthmus Partners LLC lowered its holdings in Broadcom Inc. (NASDAQ:AVGO) by 0.4% in the second quarter, Holdings Channel.com reports. The fund owned 63,610 shares of the semiconductor manufacturer’s stock after selling 264 shares during the quarter. Broadcom makes up 2.0% of Isthmus Partners LLC’s investment portfolio, making the stock its 6th largest position. Isthmus Partners LLC’s holdings in Broadcom were worth $17,534,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in AVGO. Cheviot Value Management LLC acquired a new position in Broadcom during the first quarter worth about $25,000. Sawyer & Company Inc grew its holdings in shares of 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 acquiring an additional 36 shares during the period. Longfellow Investment Management Co. LLC purchased a new position in Broadcom in the 2nd quarter valued at approximately $27,000. Legend Financial Advisors Inc. purchased a new position in Broadcom in the 2nd quarter valued at approximately $28,000. Finally, LGT Financial Advisors LLC purchased a new stake in Broadcom during the second quarter worth $31,000. 76.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on AVGO shares. Argus raised their price target on Broadcom from $285.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, September 8th. Deutsche Bank Aktiengesellschaft set a $400.00 target price on shares of Broadcom and gave the stock a “buy” rating in a research report on Tuesday, October 14th. The Goldman Sachs Group set a $435.00 price target on shares of Broadcom and gave the company a “buy” rating in a research report on Tuesday, November 25th. Morgan Stanley restated an “overweight” rating and set a $443.00 price objective (up from $409.00) on shares of Broadcom in a research report on Monday. Finally, UBS Group reaffirmed a “buy” rating and issued a $472.00 target price (up previously from $415.00) on shares of Broadcom in a research note on Monday. Three analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Broadcom has an average rating of “Buy” and a consensus price target of $383.00.

Broadcom Stock Down 4.3%

Shares of NASDAQ AVGO opened at $385.83 on Tuesday. The firm has a market cap of $1.82 trillion, a P/E ratio of 98.43, a price-to-earnings-growth ratio of 1.37 and a beta of 1.19. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $403.00. The firm’s 50 day moving average price is $353.10 and its 200 day moving average price is $308.39.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.03. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The company had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. During the same quarter in the prior year, the company posted $1.24 EPS. The business’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, sell-side analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current 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 $0.59 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.36 annualized dividend and a yield of 0.6%. Broadcom’s payout ratio is 60.20%.

Insider Activity at Broadcom

In other news, Director Henry Samueli sold 368,797 shares of the stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the transaction, the director directly owned 37,722,534 shares in the company, valued at $12,746,821,463.94. This represents a 0.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Kirsten M. Spears sold 7,498 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The shares were 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 approximately $108,932,307.80. The trade was a 2.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have acquired 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,483,192. 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.