Broadcom Inc. $AVGO is Community Bank N.A.’s 10th Largest Position

Community Bank N.A. lowered its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 10.9% in the second quarter, HoldingsChannel reports. The fund owned 41,014 shares of the semiconductor manufacturer’s stock after selling 5,042 shares during the quarter. Broadcom makes up about 1.5% of Community Bank N.A.’s portfolio, making the stock its 10th largest position. Community Bank N.A.’s holdings in Broadcom were worth $11,305,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of AVGO. Sawyer & Company Inc increased its holdings in shares of Broadcom by 62.1% during the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 36 shares during the last quarter. PFS Partners LLC grew its position in Broadcom by 38.4% during the second quarter. PFS Partners LLC now owns 137 shares of the semiconductor manufacturer’s stock valued at $38,000 after acquiring an additional 38 shares during the period. Costello Asset Management INC grew its position in Broadcom by 1.5% during the second quarter. Costello Asset Management INC now owns 2,528 shares of the semiconductor manufacturer’s stock valued at $697,000 after acquiring an additional 38 shares during the period. Waddell & Associates LLC increased its stake in Broadcom by 2.1% during the first quarter. Waddell & Associates LLC now owns 2,091 shares of the semiconductor manufacturer’s stock worth $350,000 after acquiring an additional 43 shares during the last quarter. Finally, Luts & Greenleigh Group Inc. raised its holdings in shares of Broadcom by 1.3% in the 2nd quarter. Luts & Greenleigh Group Inc. now owns 3,405 shares of the semiconductor manufacturer’s stock worth $939,000 after purchasing an additional 44 shares during the period. 76.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Oppenheimer reiterated an “outperform” rating and set a $360.00 target price (up previously from $325.00) on shares of Broadcom in a report on Friday, September 5th. Weiss Ratings downgraded shares of Broadcom from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Mizuho set a $430.00 price objective on shares of Broadcom in a research report on Monday, October 13th. The Goldman Sachs Group restated a “buy” rating and set a $340.00 target price on shares of Broadcom in a report on Wednesday, August 13th. Finally, Evercore ISI upped their price target on shares of Broadcom from $342.00 to $403.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 15th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Broadcom currently has an average rating of “Buy” and an average target price of $372.33.

Broadcom Price Performance

Shares of AVGO stock opened at $349.33 on Monday. The firm has a fifty day simple moving average of $327.73 and a 200-day simple moving average of $270.05. The company has a market capitalization of $1.65 trillion, a PE ratio of 89.11, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $374.23. 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 (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 the consensus estimate of $1.66 by $0.03. The firm 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. 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 declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were issued a $0.59 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. Broadcom’s dividend payout ratio is currently 60.20%.

Insider Activity

In other Broadcom news, insider Mark David Brazeal sold 16,558 shares of Broadcom stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the sale, the insider directly owned 329,302 shares in the company, valued at $114,468,668.22. The trade was a 4.79% 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, Director Justine Page sold 800 shares of the company’s stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $350.15, for a total value of $280,120.00. Following the completion of the transaction, the director directly owned 22,182 shares in the company, valued at approximately $7,767,027.30. The trade was a 3.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,464,248. Company 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.