Palogic Value Management L.P. Sells 4,089 Shares of Broadcom Inc. $AVGO

Palogic Value Management L.P. reduced its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 11.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 32,912 shares of the semiconductor manufacturer’s stock after selling 4,089 shares during the quarter. Broadcom comprises 3.7% of Palogic Value Management L.P.’s holdings, making the stock its 4th largest position. Palogic Value Management L.P.’s holdings in Broadcom were worth $9,072,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Cheviot Value Management LLC bought a new position in Broadcom during the 1st quarter valued at about $25,000. Sawyer & Company Inc grew its stake in Broadcom by 62.1% during the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 36 shares during the last quarter. Legend Financial Advisors Inc. acquired a new stake in shares of Broadcom during the second quarter worth approximately $28,000. LGT Financial Advisors LLC bought a new position in shares of Broadcom in the second quarter valued at approximately $31,000. Finally, Greenline Partners LLC acquired a new position in shares of Broadcom in the 1st quarter worth approximately $33,000. 76.43% of the stock is owned by institutional investors.

Broadcom Stock Performance

Shares of NASDAQ:AVGO opened at $355.59 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $386.48. The stock has a market capitalization of $1.68 trillion, a P/E ratio of 90.71, a P/E/G ratio of 1.45 and a beta of 1.19. The business has a 50-day moving average price of $343.86 and a two-hundred day moving average price of $287.73.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, topping the consensus estimate 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%. Broadcom’s revenue was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Equities analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AVGO. KeyCorp set a $460.00 price target on Broadcom in a report on Monday, October 13th. Rosenblatt Securities raised their target price on Broadcom from $340.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Sanford C. Bernstein lifted their price target on Broadcom from $295.00 to $400.00 and gave the company an “outperform” rating in a report on Friday, September 5th. The Goldman Sachs Group reissued a “buy” rating and set a $340.00 price objective on shares of Broadcom in a report on Wednesday, August 13th. Finally, TD Cowen raised their price objective on shares of Broadcom from $355.00 to $370.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Three analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Broadcom presently has a consensus rating of “Buy” and a consensus target price of $372.52.

Insider Activity at Broadcom

In other 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 value of $1,354,063.26. Following the transaction, the insider owned 25,295 shares of the company’s stock, valued at $8,798,106.90. This represents a 13.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Hock E. Tan sold 100,000 shares of Broadcom 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 trade represents a 12.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have purchased 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 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.