Values First Advisors Inc. Sells 34 Shares of Broadcom Inc. $AVGO

Values First Advisors Inc. cut its holdings in Broadcom Inc. (NASDAQ:AVGO) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,018 shares of the semiconductor manufacturer’s stock after selling 34 shares during the quarter. Values First Advisors Inc.’s holdings in Broadcom were worth $832,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nordea Investment Management AB increased its stake in Broadcom by 13.8% during the 2nd quarter. Nordea Investment Management AB now owns 6,839,082 shares of the semiconductor manufacturer’s stock valued at $1,876,302,000 after purchasing an additional 827,698 shares in the last quarter. Consilio Wealth Advisors LLC grew its stake in shares of Broadcom by 4.7% during the 2nd quarter. Consilio Wealth Advisors LLC now owns 5,216 shares of the semiconductor manufacturer’s stock valued at $1,405,000 after purchasing an additional 232 shares during the period. Commons Capital LLC increased its position in shares of Broadcom by 2.1% during the 2nd quarter. Commons Capital LLC now owns 20,328 shares of the semiconductor manufacturer’s stock valued at $5,603,000 after purchasing an additional 413 shares during the last quarter. Harbor Asset Planning Inc. purchased a new position in shares of Broadcom in the second quarter worth approximately $127,000. Finally, Barlow Wealth Partners Inc. grew its position in shares of Broadcom by 6.2% during the 2nd quarter. Barlow Wealth Partners Inc. now owns 1,104 shares of the semiconductor manufacturer’s stock valued at $298,000 after acquiring an additional 64 shares during the period. Institutional investors own 76.43% of the company’s stock.

Broadcom Stock Performance

NASDAQ:AVGO opened at $340.30 on Thursday. The company has a market cap of $1.61 trillion, a price-to-earnings ratio of 86.81, a PEG ratio of 1.93 and a beta of 1.20. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $374.23. The stock’s 50 day simple moving average is $329.86 and its two-hundred day simple moving average is $272.43. 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 posted its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, beating 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 firm had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.82 billion. During the same period last year, the firm posted $1.24 earnings per share. Broadcom’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, equities analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

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 dividend yield of 0.7%. Broadcom’s dividend payout ratio (DPR) is presently 60.20%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AVGO. The Goldman Sachs Group reiterated a “buy” rating and set a $340.00 price objective on shares of Broadcom in a research note on Wednesday, August 13th. Piper Sandler upped their target price on shares of Broadcom from $315.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. Wells Fargo & Company raised their price target on Broadcom from $255.00 to $345.00 and gave the company an “equal weight” rating in a report on Friday, September 5th. Sanford C. Bernstein upped their price objective on Broadcom from $295.00 to $400.00 and gave the stock an “outperform” rating in a research note on Friday, September 5th. Finally, Barclays set a $450.00 price target on Broadcom and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $372.52.

Insider Buying and Selling

In other news, CFO Kirsten M. Spears sold 7,498 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total value of $2,606,754.68. Following the completion of the sale, the chief financial officer directly owned 313,330 shares of the company’s stock, valued at $108,932,307.80. This trade represents a 2.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Henry Samueli sold 368,797 shares of the business’s stock in a transaction that occurred on 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 transaction, the director directly owned 37,722,534 shares in the company, valued at approximately $12,746,821,463.94. This represents a 0.97% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have bought 3,550 shares of company stock valued at $1,227,869 and have sold 665,271 shares valued at $225,464,248. Insiders own 2.00% of the company’s stock.

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.