Broadcom Inc. $AVGO Stock Position Trimmed by Accelerate Investment Advisors LLC

Accelerate Investment Advisors LLC cut its position in Broadcom Inc. (NASDAQ:AVGO) by 9.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,770 shares of the semiconductor manufacturer’s stock after selling 283 shares during the quarter. Accelerate Investment Advisors LLC’s holdings in Broadcom were worth $764,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Broadcom by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 477,220,137 shares of the semiconductor manufacturer’s stock valued at $79,900,968,000 after buying an additional 2,085,534 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Broadcom by 37.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer’s stock valued at $10,968,270,000 after buying an additional 17,985,046 shares during the period. Nuveen LLC acquired a new position in Broadcom during the 1st quarter valued at about $6,649,117,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Broadcom by 2.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 35,243,467 shares of the semiconductor manufacturer’s stock valued at $5,900,814,000 after buying an additional 842,088 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Broadcom by 1.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 34,401,379 shares of the semiconductor manufacturer’s stock valued at $7,975,616,000 after buying an additional 581,704 shares during the period. 76.43% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Kirsten M. Spears sold 56,310 shares of the business’s stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $251.75, for a total transaction of $14,176,042.50. Following the transaction, the chief financial officer directly owned 361,937 shares of the company’s stock, valued at approximately $91,117,639.75. The trade was a 13.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Henry Samueli sold 473,898 shares of the business’s stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $265.33, for a total transaction of $125,739,356.34. Following the transaction, the director directly owned 38,188,575 shares in the company, valued at $10,132,574,604.75. The trade was a 1.23% 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 valued at $1,227,869 and sold 850,912 shares valued at $234,854,489. Company insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on AVGO. Argus raised their target price on shares of Broadcom from $285.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, September 8th. Morgan Stanley raised their target price on shares of Broadcom from $338.00 to $357.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. Evercore ISI reaffirmed an “outperform” rating and issued a $342.00 price objective (up previously from $304.00) on shares of Broadcom in a research note on Thursday, September 4th. Barclays lifted their price objective on shares of Broadcom from $265.00 to $400.00 and gave the stock an “overweight” rating in a research note on Friday, September 5th. Finally, Erste Group Bank raised shares of Broadcom from a “hold” rating to a “buy” rating in a research note on Thursday, June 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Broadcom has an average rating of “Buy” and a consensus target price of $354.04.

Broadcom Stock Performance

Broadcom stock opened at $359.87 on Friday. The firm’s 50 day simple moving average is $300.31 and its 200-day simple moving average is $242.19. The company has a market cap of $1.69 trillion, a P/E ratio of 91.80, a price-to-earnings-growth ratio of 1.99 and a beta of 1.16. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $374.23.

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

Broadcom Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 22nd will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. Broadcom’s payout ratio is presently 60.20%.

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.