Broadcom Inc. $AVGO Shares Sold by First Command Advisory Services Inc.

First Command Advisory Services Inc. reduced its position in Broadcom Inc. (NASDAQ:AVGO) by 26.3% in the 2nd quarter, Holdings Channel reports. The fund owned 3,057 shares of the semiconductor manufacturer’s stock after selling 1,090 shares during the period. First Command Advisory Services Inc.’s holdings in Broadcom were worth $843,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Banco Santander S.A. boosted its holdings in shares of Broadcom by 20.9% during the second quarter. Banco Santander S.A. now owns 491,578 shares of the semiconductor manufacturer’s stock worth $135,503,000 after purchasing an additional 85,002 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its stake in Broadcom by 12.3% in the second quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 202,344 shares of the semiconductor manufacturer’s stock valued at $55,633,000 after purchasing an additional 22,128 shares during the last quarter. Solstein Capital LLC lifted its position in Broadcom by 85.4% during the second quarter. Solstein Capital LLC now owns 2,076 shares of the semiconductor manufacturer’s stock worth $572,000 after buying an additional 956 shares during the period. Riverwater Partners LLC boosted its stake in Broadcom by 13.8% in the 2nd quarter. Riverwater Partners LLC now owns 2,327 shares of the semiconductor manufacturer’s stock worth $641,000 after buying an additional 283 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Broadcom by 3.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,096,314 shares of the semiconductor manufacturer’s stock worth $1,956,055,000 after buying an additional 234,108 shares during the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on AVGO shares. Bank of America upped their price objective on shares of Broadcom from $300.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Arete Research upgraded shares of Broadcom to a “strong-buy” rating in a report on Monday, July 28th. Rosenblatt Securities upped their price target on shares of Broadcom from $340.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Deutsche Bank Aktiengesellschaft set a $400.00 price target on shares of Broadcom and gave the company a “buy” rating in a report on Tuesday, October 14th. Finally, Argus boosted their price objective on shares of Broadcom from $285.00 to $375.00 and gave the company a “buy” rating in a research note 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 company’s stock. Based on data from MarketBeat, Broadcom has a consensus rating of “Buy” and an average target price of $372.52.

Insider Buying and Selling

In other Broadcom news, insider Mark David Brazeal sold 16,558 shares of the business’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the transaction, the insider owned 329,302 shares in the company, valued at $114,468,668.22. The trade was a 4.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Hock E. Tan sold 148,154 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $336.67, for a total value of $49,879,007.18. Following the completion of the sale, the chief executive officer owned 825,998 shares of the company’s stock, valued at approximately $278,088,746.66. This trade represents a 15.21% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders bought 3,550 shares of company stock valued at $1,227,869 and sold 665,271 shares valued at $225,464,248. 2.00% of the stock is owned by company insiders.

Broadcom Trading Down 1.8%

Shares of AVGO stock opened at $369.63 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 fifty-two week low of $138.10 and a fifty-two week high of $386.48. The firm’s 50 day moving average price is $339.31 and its two-hundred day moving average price is $282.63. The stock has a market cap of $1.75 trillion, a price-to-earnings ratio of 94.29, a price-to-earnings-growth ratio of 2.12 and a beta of 1.20.

Broadcom (NASDAQ:AVGO) last issued its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.03. The business had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The business’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. On average, analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current 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. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.36 annualized dividend and a yield of 0.6%. Broadcom’s dividend payout ratio (DPR) is 60.20%.

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.