Sachetta LLC Sells 333 Shares of Broadcom Inc. $AVGO

Sachetta LLC cut its holdings in Broadcom Inc. (NASDAQ:AVGO) by 4.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,200 shares of the semiconductor manufacturer’s stock after selling 333 shares during the period. Broadcom makes up 0.8% of Sachetta LLC’s portfolio, making the stock its 24th largest position. Sachetta LLC’s holdings in Broadcom were worth $1,985,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. HTG Investment Advisors Inc. bought a new stake in Broadcom in the second quarter worth $231,000. CFM Wealth Partners LLC lifted its stake in Broadcom by 97.8% in the second quarter. CFM Wealth Partners LLC now owns 7,257 shares of the semiconductor manufacturer’s stock worth $2,001,000 after purchasing an additional 3,589 shares during the last quarter. Tyche Wealth Partners LLC lifted its stake in Broadcom by 45.4% in the second quarter. Tyche Wealth Partners LLC now owns 5,775 shares of the semiconductor manufacturer’s stock worth $1,592,000 after purchasing an additional 1,802 shares during the last quarter. KLP Kapitalforvaltning AS raised its stake in shares of Broadcom by 4.2% during the second quarter. KLP Kapitalforvaltning AS now owns 1,626,680 shares of the semiconductor manufacturer’s stock valued at $448,394,000 after acquiring an additional 65,500 shares during the last quarter. Finally, Avantra Family Wealth Inc. raised its stake in shares of Broadcom by 4.4% during the second quarter. Avantra Family Wealth Inc. now owns 7,461 shares of the semiconductor manufacturer’s stock valued at $2,057,000 after acquiring an additional 314 shares during the last quarter. 76.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AVGO. HSBC raised shares of Broadcom from a “hold” rating to a “buy” rating and set a $400.00 price objective for the company in a research note on Tuesday, June 24th. Barclays upped their price objective on shares of Broadcom from $265.00 to $400.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. KeyCorp reaffirmed an “overweight” rating and set a $420.00 price objective (up from $400.00) on shares of Broadcom in a research note on Tuesday, September 30th. Sanford C. Bernstein upped their price objective on shares of Broadcom from $295.00 to $400.00 and gave the company an “outperform” rating in a research note on Friday, September 5th. Finally, Hsbc Global Res raised shares of Broadcom from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 24th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $357.22.

Broadcom Price Performance

AVGO stock opened at $324.63 on Monday. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $374.23. The company has a market cap of $1.53 trillion, a P/E ratio of 82.81, a PEG ratio of 1.80 and a beta of 1.20. The firm has a 50-day moving average of $322.64 and a 200 day moving average of $263.58. 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 (NASDAQ:AVGO) last released its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.03. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The company had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.82 billion. During the same period in the prior year, the firm earned $1.24 earnings per share. Broadcom’s revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. On average, sell-side analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

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

Insider Buying and Selling

In other Broadcom news, Director Henry Samueli sold 368,797 shares of the company’s stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $337.91, for a total value of $124,620,194.27. Following the sale, the director owned 37,722,534 shares in the company, valued at approximately $12,746,821,463.94. This represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Charlie B. Kawwas sold 3,893 shares of the company’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the completion of the sale, the insider owned 25,295 shares in the company, valued at approximately $8,798,106.90. This trade represents a 13.34% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 3,550 shares of company stock valued at $1,227,869 and sold 664,471 shares valued at $225,184,128. Corporate insiders own 2.00% of the company’s stock.

Broadcom Company 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.