Mar Vista Investment Partners LLC Has $45.97 Million Stock Position in Broadcom Inc. $AVGO

Mar Vista Investment Partners LLC decreased its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 23.0% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 166,769 shares of the semiconductor manufacturer’s stock after selling 49,785 shares during the quarter. Broadcom makes up approximately 3.5% of Mar Vista Investment Partners LLC’s portfolio, making the stock its 10th largest position. Mar Vista Investment Partners LLC’s holdings in Broadcom were worth $45,970,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Cheviot Value Management LLC acquired a new stake in Broadcom in the 1st quarter worth about $25,000. Sawyer & Company Inc grew its position 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 purchasing an additional 36 shares in the last quarter. Legend Financial Advisors Inc. bought a new position in shares of Broadcom during the second quarter worth approximately $28,000. LGT Financial Advisors LLC acquired a new stake in shares of Broadcom in the second quarter valued at approximately $31,000. Finally, New England Capital Financial Advisors LLC bought a new stake in shares of Broadcom in the second quarter valued at approximately $31,000. Institutional investors own 76.43% of the company’s stock.

Insider Transactions at Broadcom

In other Broadcom news, insider Charlie B. Kawwas sold 3,893 shares of the business’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the sale, the insider owned 25,295 shares of the company’s stock, 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 filing with the SEC, which can be accessed through the SEC website. Also, Director Justine Page sold 800 shares of the company’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $331.14, for a total transaction of $264,912.00. Following the transaction, the director owned 21,382 shares of the company’s stock, valued at $7,080,435.48. This trade represents a 3.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have acquired 3,550 shares of company stock valued at $1,227,869 and have sold 665,271 shares valued at $225,483,192. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

AVGO has been the topic of a number of analyst reports. The Goldman Sachs Group reissued a “buy” rating and set a $340.00 price target on shares of Broadcom in a research report on Wednesday, August 13th. Mizuho set a $435.00 target price on Broadcom and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Evercore ISI boosted their price target on Broadcom from $342.00 to $403.00 and gave the company an “outperform” rating in a research note on Wednesday, October 15th. Wall Street Zen raised shares of Broadcom from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Wells Fargo & Company increased their price objective on shares of Broadcom from $255.00 to $345.00 and gave the stock an “equal weight” rating in a research note on Friday, September 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $372.52.

Broadcom Stock Performance

NASDAQ:AVGO opened at $340.50 on Wednesday. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $386.48. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. The stock’s 50-day simple moving average is $349.10 and its 200 day simple moving average is $298.19. The firm has a market capitalization of $1.61 trillion, a PE ratio of 86.86, a price-to-earnings-growth ratio of 1.37 and a beta of 1.19.

Broadcom (NASDAQ:AVGO) last issued its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, topping 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 firm had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.82 billion. During the same quarter in the previous year, the firm earned $1.24 earnings per share. The business’s quarterly revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. On average, analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

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

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.