CVA Family Office LLC Sells 498 Shares of Broadcom Inc. $AVGO

CVA Family Office LLC lowered its position in Broadcom Inc. (NASDAQ:AVGO) by 2.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,861 shares of the semiconductor manufacturer’s stock after selling 498 shares during the quarter. CVA Family Office LLC’s holdings in Broadcom were worth $6,026,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. TSA Wealth Managment LLC acquired a new position in shares of Broadcom in the second quarter valued at $318,000. BIP Alliance LLC boosted its stake in Broadcom by 5.6% during the second quarter. BIP Alliance LLC now owns 2,219 shares of the semiconductor manufacturer’s stock worth $612,000 after buying an additional 118 shares in the last quarter. Brian Low Financial Group LLC bought a new stake in Broadcom in the 2nd quarter valued at $2,062,000. BIP Wealth LLC raised its stake in shares of Broadcom by 2.9% in the 2nd quarter. BIP Wealth LLC now owns 6,495 shares of the semiconductor manufacturer’s stock valued at $1,790,000 after buying an additional 180 shares in the last quarter. Finally, AG2R LA Mondiale Gestion D Actifs raised its stake in shares of Broadcom by 1.2% in the 2nd quarter. AG2R LA Mondiale Gestion D Actifs now owns 165,967 shares of the semiconductor manufacturer’s stock valued at $45,749,000 after buying an additional 2,009 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AVGO has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their target price on shares of Broadcom from $325.00 to $400.00 and gave the company an “overweight” rating in a research report on Friday, September 5th. Argus lifted their price objective on Broadcom from $285.00 to $375.00 and gave the company a “buy” rating in a report on Monday, September 8th. Weiss Ratings upgraded Broadcom from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 24th. KeyCorp set a $460.00 target price on Broadcom in a report on Monday, October 13th. Finally, Morgan Stanley set a $409.00 price target on Broadcom and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Three investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $372.52.

Broadcom Stock Down 2.5%

NASDAQ:AVGO opened at $376.47 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $386.48. The stock’s fifty day simple moving average is $337.79 and its 200-day simple moving average is $281.31. The firm has a market capitalization of $1.78 trillion, a P/E ratio of 96.04, a P/E/G ratio of 2.17 and a beta of 1.20.

Broadcom (NASDAQ:AVGO) last posted its 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 company had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The company’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Equities research analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders 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 annualized dividend and a dividend yield of 0.6%. Broadcom’s payout ratio is 60.20%.

Insiders Place Their Bets

In other Broadcom news, insider Charlie B. Kawwas sold 3,893 shares of Broadcom 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 transaction, the insider directly owned 25,295 shares in the company, valued at approximately $8,798,106.90. The trade was a 13.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Henry Samueli sold 368,797 shares of the firm’s stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total value of $124,620,194.27. Following the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have purchased 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,464,248. Corporate 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.