Broadcom Inc. $AVGO Shares Sold by Novare Capital Management LLC

Novare Capital Management LLC decreased its holdings in Broadcom Inc. (NASDAQ:AVGO) by 0.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 152,029 shares of the semiconductor manufacturer’s stock after selling 393 shares during the quarter. Broadcom accounts for approximately 3.4% of Novare Capital Management LLC’s holdings, making the stock its 4th biggest holding. Novare Capital Management LLC’s holdings in Broadcom were worth $41,907,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in AVGO. Nuveen LLC acquired a new position in shares of Broadcom in the 1st quarter valued at $6,649,117,000. Price T Rowe Associates Inc. MD raised its stake in shares of Broadcom by 37.8% in 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 in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Broadcom by 16.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 31,854,414 shares of the semiconductor manufacturer’s stock valued at $5,333,384,000 after buying an additional 4,550,647 shares in the last quarter. Deutsche Bank AG raised its stake in shares of Broadcom by 36.9% in the 1st quarter. Deutsche Bank AG now owns 15,758,895 shares of the semiconductor manufacturer’s stock valued at $2,638,512,000 after buying an additional 4,245,345 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Broadcom by 16.0% in the 1st quarter. Alliancebernstein L.P. now owns 29,513,814 shares of the semiconductor manufacturer’s stock valued at $4,941,498,000 after buying an additional 4,077,910 shares in the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Argus increased their target price on shares of Broadcom from $285.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, September 8th. Wall Street Zen cut shares of Broadcom from a “buy” rating to a “hold” rating in a research report on Saturday. JPMorgan Chase & Co. increased their target price on shares of Broadcom from $325.00 to $400.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. Truist Financial increased their target price on shares of Broadcom from $295.00 to $365.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Finally, Benchmark increased their target price on shares of Broadcom from $315.00 to $385.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Three analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $372.52.

Broadcom Trading Up 2.9%

AVGO opened at $354.13 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $1.67 trillion, a PE ratio of 90.34, a PEG ratio of 1.94 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 firm has a 50-day moving average price of $331.47 and a two-hundred day moving average price of $275.11.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.03. The firm had revenue of $15.95 billion during the quarter, compared to analysts’ expectations of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The company’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.24 EPS. 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, September 22nd. Broadcom’s dividend payout ratio (DPR) is presently 60.20%.

Insider Transactions at Broadcom

In other Broadcom news, Director Henry Samueli sold 368,797 shares of the firm’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 completion of the sale, the director owned 37,722,534 shares in the company, valued at approximately $12,746,821,463.94. This trade represents a 0.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Justine Page sold 800 shares of the firm’s stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $350.15, for a total transaction of $280,120.00. Following the completion of the sale, the director owned 22,182 shares of the company’s stock, valued at $7,767,027.30. The trade was a 3.48% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,464,248. 2.00% of the stock is owned by insiders.

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.