Schmidt P J Investment Management Inc. Has $18.59 Million Position in Broadcom Inc. $AVGO

Schmidt P J Investment Management Inc. lowered its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 0.9% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 111,012 shares of the semiconductor manufacturer’s stock after selling 1,032 shares during the period. Broadcom makes up approximately 3.4% of Schmidt P J Investment Management Inc.’s holdings, making the stock its 6th biggest position. Schmidt P J Investment Management Inc.’s holdings in Broadcom were worth $18,587,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. IFM Investors Pty Ltd increased its position in Broadcom by 0.5% during the first quarter. IFM Investors Pty Ltd now owns 842,741 shares of the semiconductor manufacturer’s stock valued at $141,100,000 after acquiring an additional 3,974 shares during the last quarter. Acorns Advisers LLC increased its stake in Broadcom by 24.3% in the 1st quarter. Acorns Advisers LLC now owns 4,184 shares of the semiconductor manufacturer’s stock worth $701,000 after buying an additional 818 shares in the last quarter. Blue Rock Wealth Management LLC purchased a new stake in Broadcom in the 1st quarter worth $318,000. Fortis Capital Advisors LLC boosted its holdings in shares of Broadcom by 129.1% during the 1st quarter. Fortis Capital Advisors LLC now owns 8,842 shares of the semiconductor manufacturer’s stock valued at $1,480,000 after purchasing an additional 4,982 shares during the last quarter. Finally, Belpointe Asset Management LLC boosted its holdings in shares of Broadcom by 53.0% during the 1st quarter. Belpointe Asset Management LLC now owns 35,251 shares of the semiconductor manufacturer’s stock valued at $5,902,000 after purchasing an additional 12,214 shares during the last quarter. Institutional investors own 76.43% of the company’s stock.

Insider Buying and Selling

In related news, CFO Kirsten M. Spears sold 36,350 shares of the business’s stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $261.27, for a total value of $9,497,164.50. Following the sale, the chief financial officer owned 325,587 shares in the company, valued at approximately $85,066,115.49. The trade was a 10.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gayla J. Delly sold 3,000 shares of the company’s stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $265.13, for a total value of $795,390.00. Following the sale, the director owned 33,352 shares in the company, valued at approximately $8,842,615.76. This trade represents a 8.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold 820,516 shares of company stock worth $214,757,657 over the last quarter. Corporate insiders own 2.00% of the company’s stock.

Broadcom Stock Down 2.6%

AVGO stock opened at $336.67 on Wednesday. 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 52 week low of $138.10 and a 52 week high of $356.34. The firm has a 50 day moving average of $294.92 and a 200 day moving average of $238.95. The stock has a market capitalization of $1.58 trillion, a PE ratio of 85.89, a price-to-earnings-growth ratio of 1.89 and a beta of 1.16.

Broadcom (NASDAQ:AVGO) last announced its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $15.82 billion. During the same quarter last year, the firm posted $1.24 EPS. The business’s revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. Sell-side analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AVGO. Mizuho upped their price target on shares of Broadcom from $320.00 to $355.00 and gave the company an “outperform” rating in a report on Friday, September 5th. Wall Street Zen upgraded shares of Broadcom from a “hold” rating to a “buy” rating in a research note on Saturday. Barclays upped their target price on shares of Broadcom from $265.00 to $400.00 and gave the stock an “overweight” rating in a research note on Friday, September 5th. Sanford C. Bernstein increased their price objective on shares of Broadcom from $295.00 to $400.00 and gave the company an “outperform” rating in a research note on Friday, September 5th. Finally, Wells Fargo & Company increased their price objective on shares of Broadcom from $255.00 to $345.00 and gave the company an “equal weight” rating in a research note on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $351.92.

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.