Broadcom Inc. $AVGO Shares Sold by Tectonic Advisors LLC

Tectonic Advisors LLC trimmed its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 0.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,149 shares of the semiconductor manufacturer’s stock after selling 505 shares during the period. Broadcom accounts for approximately 0.9% of Tectonic Advisors LLC’s holdings, making the stock its 17th biggest position. Tectonic Advisors LLC’s holdings in Broadcom were worth $14,651,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in AVGO. Brighton Jones LLC lifted its stake in Broadcom by 21.8% during the fourth quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock valued at $6,882,000 after purchasing an additional 5,322 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in Broadcom by 10.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock valued at $1,854,000 after purchasing an additional 756 shares during the last quarter. GAMMA Investing LLC lifted its stake in Broadcom by 9.2% during the first quarter. GAMMA Investing LLC now owns 103,184 shares of the semiconductor manufacturer’s stock valued at $17,276,000 after purchasing an additional 8,672 shares during the last quarter. Grimes & Company Inc. lifted its stake in Broadcom by 1.1% during the first quarter. Grimes & Company Inc. now owns 84,270 shares of the semiconductor manufacturer’s stock valued at $14,109,000 after purchasing an additional 912 shares during the last quarter. Finally, Louisbourg Investments Inc. lifted its stake in Broadcom by 34.5% during the first quarter. Louisbourg Investments Inc. now owns 35,080 shares of the semiconductor manufacturer’s stock valued at $5,873,000 after purchasing an additional 8,990 shares during the last quarter. 76.43% of the stock is owned by institutional investors and hedge funds.

Broadcom Trading Down 3.5%

Shares of AVGO stock opened at $344.13 on Wednesday. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $374.23. The stock has a market cap of $1.63 trillion, a price-to-earnings ratio of 87.79, a P/E/G ratio of 1.98 and a beta of 1.20. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. The firm has a fifty day moving average of $324.84 and a 200-day moving average of $265.45.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings data 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. The company 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 business’s revenue was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. On average, equities research analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

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 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 transaction, the director owned 37,722,534 shares of the company’s stock, valued at approximately $12,746,821,463.94. This trade represents a 0.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Hock E. Tan sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $339.58, for a total transaction of $33,958,000.00. Following the completion of the transaction, the chief executive officer directly owned 725,638 shares in the company, valued at $246,412,152.04. This trade represents a 12.11% 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 664,471 shares worth $225,184,128. 2.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AVGO shares. UBS Group set a $415.00 price target on shares of Broadcom and gave the company a “buy” rating in a report on Tuesday. Piper Sandler boosted their price target on shares of Broadcom from $315.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, September 5th. HSBC upgraded shares of Broadcom from a “hold” rating to a “buy” rating and set a $400.00 price target on the stock in a report on Tuesday, June 24th. Morgan Stanley set a $409.00 price target on shares of Broadcom and gave the company an “overweight” rating in a report on Tuesday. Finally, Benchmark boosted their price target on shares of Broadcom from $315.00 to $385.00 and gave the company a “buy” rating in a report on Friday, September 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $370.07.

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.