Broadcom Inc. $AVGO Holdings Cut by Panagora Asset Management Inc.

Panagora Asset Management Inc. lowered its position in Broadcom Inc. (NASDAQ:AVGO) by 10.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,387,434 shares of the semiconductor manufacturer’s stock after selling 164,301 shares during the quarter. Broadcom accounts for approximately 1.7% of Panagora Asset Management Inc.’s holdings, making the stock its 6th biggest holding. Panagora Asset Management Inc.’s holdings in Broadcom were worth $382,446,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AVGO. Cheviot Value Management LLC purchased a new position in Broadcom in the first quarter valued at about $25,000. Sawyer & Company Inc raised its position in shares of Broadcom by 62.1% in the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 36 shares in the last quarter. Longfellow Investment Management Co. LLC purchased a new position in shares of Broadcom during the 2nd quarter valued at approximately $27,000. Legend Financial Advisors Inc. purchased a new position in shares of Broadcom during the 2nd quarter valued at approximately $28,000. Finally, LGT Financial Advisors LLC acquired a new stake in shares of Broadcom during the second quarter worth approximately $31,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Henry Samueli sold 368,797 shares of Broadcom 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 sale, the director directly owned 37,722,534 shares in the company, valued at $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 SEC, which is available through this hyperlink. Also, insider Mark David Brazeal sold 16,558 shares of the business’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the transaction, the insider directly owned 329,302 shares of the company’s stock, valued at $114,468,668.22. The trade was a 4.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have acquired 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,483,192. 2.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on AVGO shares. Weiss Ratings raised shares of Broadcom from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, November 25th. TD Cowen boosted their target price on shares of Broadcom from $355.00 to $370.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. The Goldman Sachs Group set a $435.00 price target on shares of Broadcom and gave the stock a “buy” rating in a research report on Tuesday, November 25th. Mizuho set a $435.00 price objective on Broadcom and gave the company an “outperform” rating in a report on Tuesday, October 21st. Finally, Deutsche Bank Aktiengesellschaft set a $400.00 price objective on Broadcom and gave the company a “buy” rating in a research note on Tuesday, October 14th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $377.61.

Broadcom Stock Up 1.3%

Shares of Broadcom stock opened at $402.89 on Monday. The stock has a market capitalization of $1.90 trillion, a price-to-earnings ratio of 102.78, a PEG ratio of 1.37 and a beta of 1.19. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $403.00. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. The business’s 50 day simple moving average is $352.16 and its 200-day simple moving average is $307.31.

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

Broadcom Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders 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 0.6%. Broadcom’s dividend payout ratio is currently 60.20%.

About Broadcom

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.