Broadcom Inc. $AVGO Shares Sold by Otter Creek Advisors LLC

Otter Creek Advisors LLC lessened its holdings in Broadcom Inc. (NASDAQ:AVGO) by 60.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,505 shares of the semiconductor manufacturer’s stock after selling 14,600 shares during the period. Otter Creek Advisors LLC’s holdings in Broadcom were worth $2,620,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of AVGO. Barnes Dennig Private Wealth Management LLC purchased a new position in Broadcom in the first quarter valued at $25,000. Cheviot Value Management LLC acquired a new stake in Broadcom in the 1st quarter valued at about $25,000. Sawyer & Company Inc boosted its stake in shares of Broadcom by 62.1% in the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 36 shares during the period. Legend Financial Advisors Inc. acquired a new position in shares of Broadcom during the second quarter worth about $28,000. Finally, Wood Tarver Financial Group LLC increased its stake in shares of Broadcom by 342.5% during the first quarter. Wood Tarver Financial Group LLC now owns 177 shares of the semiconductor manufacturer’s stock worth $30,000 after buying an additional 137 shares during the period. Institutional investors and hedge funds own 76.43% of the company’s stock.

Insiders Place Their Bets

In other news, Director Justine Page sold 800 shares of the business’s stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $350.15, for a total value of $280,120.00. Following the completion of the sale, the director directly owned 22,182 shares of the company’s stock, valued at approximately $7,767,027.30. The trade was a 3.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Henry Samueli sold 368,797 shares of the business’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 directly owned 37,722,534 shares of the company’s stock, valued at $12,746,821,463.94. The trade was a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders bought 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,464,248. Company insiders own 2.00% of the company’s stock.

Broadcom Stock Performance

Shares of AVGO stock opened at $354.13 on Friday. The stock’s 50-day moving average is $331.47 and its two-hundred day moving average is $275.11. The firm has a market cap of $1.67 trillion, a price-to-earnings 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 company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50.

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 the consensus estimate of $1.66 by $0.03. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The business had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.82 billion. During the same period in the previous year, the business earned $1.24 EPS. The business’s quarterly revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. Analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts recently issued reports on AVGO shares. UBS Group set a $415.00 price target on shares of Broadcom and gave the stock a “buy” rating in a research note on Tuesday, October 14th. Rosenblatt Securities boosted their target price on shares of Broadcom from $340.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Mizuho set a $435.00 target price on Broadcom and gave the company an “outperform” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft set a $400.00 price target on Broadcom and gave the stock a “buy” rating in a report on Tuesday, October 14th. Finally, Argus upped their price objective on Broadcom from $285.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, September 8th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Broadcom presently has a consensus rating of “Buy” and an average target price of $372.52.

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.