Broadcom Inc. $AVGO Stock Position Reduced by Border to Coast Pensions Partnership Ltd

Border to Coast Pensions Partnership Ltd cut its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 4.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 622,802 shares of the semiconductor manufacturer’s stock after selling 26,638 shares during the period. Broadcom makes up 3.2% of Border to Coast Pensions Partnership Ltd’s holdings, making the stock its 7th biggest holding. Border to Coast Pensions Partnership Ltd’s holdings in Broadcom were worth $171,675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Broadcom during the first quarter valued at about $25,000. Cheviot Value Management LLC acquired a new stake in shares of Broadcom during the first quarter valued at about $25,000. Inlight Wealth Management LLC acquired a new stake in shares of Broadcom during the first quarter valued at about $26,000. Sawyer & Company Inc increased its position in shares of Broadcom by 62.1% during the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 36 shares during the last quarter. Finally, Vermillion Wealth Management Inc. acquired a new stake in shares of Broadcom during the fourth quarter valued at about $30,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Broadcom

In related news, Director Justine Page sold 800 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $360.00, for a total value of $288,000.00. Following the completion of the sale, the director owned 22,982 shares in the company, valued at $8,273,520. This represents a 3.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kirsten M. Spears sold 7,498 shares of the company’s stock in a transaction 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. This trade represents a 2.34% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 3,550 shares of company stock worth $1,227,869 and have sold 714,172 shares worth $204,311,160. Company insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Morgan Stanley lifted their price objective on shares of Broadcom from $338.00 to $357.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. Citigroup lifted their price objective on shares of Broadcom from $315.00 to $350.00 and gave the company a “buy” rating in a report on Friday, September 5th. The Goldman Sachs Group restated a “buy” rating and issued a $340.00 price objective on shares of Broadcom in a report on Wednesday, August 13th. Piper Sandler lifted their price objective on shares of Broadcom from $315.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, September 5th. Finally, UBS Group lifted their price objective on shares of Broadcom from $290.00 to $345.00 and gave the company a “buy” rating in a report on Monday, August 25th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $356.48.

Broadcom Stock Down 1.8%

Shares of NASDAQ:AVGO opened at $338.79 on Tuesday. The company has a market capitalization of $1.60 trillion, a PE ratio of 86.43, a P/E/G ratio of 1.91 and a beta of 1.16. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $374.23. The firm has a 50 day simple moving average of $309.32 and a 200-day simple moving average of $249.20.

Broadcom (NASDAQ:AVGO) last released its quarterly 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 net margin of 31.59% and a return on equity of 36.60%. The firm had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.82 billion. During the same quarter in the prior year, the firm earned $1.24 EPS. Broadcom’s revenue for the quarter was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. On average, equities analysts predict that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

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

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.