Broadcom Inc. $AVGO Shares Sold by Saxony Capital Management LLC

Saxony Capital Management LLC lowered its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 11.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,287 shares of the semiconductor manufacturer’s stock after selling 661 shares during the quarter. Saxony Capital Management LLC’s holdings in Broadcom were worth $1,457,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Leeward Financial Partners LLC raised its stake in Broadcom by 37.5% during the second quarter. Leeward Financial Partners LLC now owns 12,518 shares of the semiconductor manufacturer’s stock valued at $3,451,000 after buying an additional 3,411 shares in the last quarter. AlphaStar Capital Management LLC raised its position in shares of Broadcom by 45.6% during the 2nd quarter. AlphaStar Capital Management LLC now owns 28,604 shares of the semiconductor manufacturer’s stock worth $7,885,000 after purchasing an additional 8,962 shares during the period. Haven Private LLC raised its position in shares of Broadcom by 19.3% during the 2nd quarter. Haven Private LLC now owns 8,444 shares of the semiconductor manufacturer’s stock worth $2,328,000 after purchasing an additional 1,369 shares during the period. Bridgewealth Advisory Group LLC acquired a new stake in shares of Broadcom during the 2nd quarter worth approximately $321,000. Finally, Cottage Street Advisors LLC raised its position in shares of Broadcom by 3.1% during the 2nd quarter. Cottage Street Advisors LLC now owns 4,340 shares of the semiconductor manufacturer’s stock worth $1,196,000 after purchasing an additional 129 shares during the period. Institutional investors and hedge funds own 76.43% of the company’s stock.

Analysts Set New Price Targets

AVGO has been the topic of a number of research reports. Oppenheimer reiterated an “outperform” rating and set a $360.00 price target (up from $325.00) on shares of Broadcom in a research report on Friday, September 5th. Macquarie initiated coverage on Broadcom in a research report on Monday, September 15th. They set an “outperform” rating and a $420.00 price target on the stock. Wall Street Zen cut Broadcom from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. KeyCorp set a $460.00 price target on Broadcom in a research report on Monday, October 13th. Finally, Barclays set a $450.00 price target on Broadcom and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. 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 stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $372.52.

Broadcom Stock Performance

Shares of NASDAQ AVGO opened at $358.98 on Thursday. The stock has a fifty day moving average price of $342.93 and a two-hundred day moving average price of $287.25. 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 market cap of $1.70 trillion, a P/E ratio of 91.58, a PEG ratio of 1.42 and a beta of 1.19. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $386.48.

Broadcom (NASDAQ:AVGO) last issued its quarterly 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. The firm had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The firm’s quarterly revenue was up 22.0% on a year-over-year basis. During the same period last year, the company posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Research analysts forecast 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. Stockholders of record on Monday, September 22nd were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. Broadcom’s dividend payout ratio (DPR) is currently 60.20%.

Insider Buying and Selling at Broadcom

In other news, Director Henry Samueli sold 368,797 shares of the firm’s stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the completion of the sale, the director directly owned 37,722,534 shares of the company’s stock, valued at $12,746,821,463.94. This trade represents a 0.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Hock E. Tan sold 100,000 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $339.58, for a total value of $33,958,000.00. Following the sale, the chief executive officer directly owned 725,638 shares of the company’s stock, valued at approximately $246,412,152.04. This represents a 12.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders purchased 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,464,248. 2.00% of the stock is owned by insiders.

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.