Noesis Capital Mangement Corp Trims Stock Position in Broadcom Inc. $AVGO

Noesis Capital Mangement Corp lowered its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 20.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,190 shares of the semiconductor manufacturer’s stock after selling 311 shares during the quarter. Noesis Capital Mangement Corp’s holdings in Broadcom were worth $328,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Cheviot Value Management LLC purchased a new stake in Broadcom in the 1st quarter worth approximately $25,000. Sawyer & Company Inc increased its holdings in Broadcom by 62.1% in the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 36 shares in the last quarter. Legend Financial Advisors Inc. purchased a new stake in Broadcom in the 2nd quarter worth approximately $28,000. Wood Tarver Financial Group LLC increased its holdings in Broadcom by 342.5% in the 1st quarter. Wood Tarver Financial Group LLC now owns 177 shares of the semiconductor manufacturer’s stock worth $30,000 after acquiring an additional 137 shares in the last quarter. Finally, LGT Financial Advisors LLC purchased a new stake in Broadcom in the 2nd quarter worth approximately $31,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Insider Activity at Broadcom

In related news, insider Charlie B. Kawwas sold 3,893 shares of the stock in a transaction on 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 sale, the insider owned 25,295 shares in the company, valued at approximately $8,798,106.90. This represents a 13.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Hock E. Tan sold 100,000 shares of the stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $339.58, for a total value of $33,958,000.00. Following the sale, the chief executive officer owned 725,638 shares in the company, valued at $246,412,152.04. The trade was a 12.11% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have bought 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,464,248. 2.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AVGO shares. The Goldman Sachs Group reissued a “buy” rating and issued a $340.00 target price on shares of Broadcom in a report on Wednesday, August 13th. Deutsche Bank Aktiengesellschaft set a $400.00 price target on Broadcom and gave the stock a “buy” rating in a research note on Tuesday, October 14th. Rosenblatt Securities upped their price target on Broadcom from $340.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Wells Fargo & Company upped their price target on Broadcom from $255.00 to $345.00 and gave the stock an “equal weight” rating in a research note on Friday, September 5th. Finally, JPMorgan Chase & Co. upped their price target on Broadcom from $325.00 to $400.00 and gave the stock an “overweight” rating in a research note on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Broadcom currently has an average rating of “Buy” and an average price target of $372.52.

Broadcom Stock Down 1.9%

NASDAQ AVGO opened at $362.55 on Tuesday. 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 company has a market capitalization of $1.71 trillion, a P/E ratio of 92.49, a P/E/G ratio of 2.08 and a beta of 1.19. Broadcom Inc. has a one year low of $138.10 and a one year high of $386.48. The stock has a 50 day moving average price of $340.67 and a 200-day moving average price of $285.47.

Broadcom (NASDAQ:AVGO) last posted 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. 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 period in the prior year, the company earned $1.24 EPS. The company’s quarterly revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities analysts predict that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were issued a dividend of $0.59 per share. 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 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.