Copeland Capital Management LLC Decreases Stake in Broadcom Inc. $AVGO

Copeland Capital Management LLC reduced its holdings in Broadcom Inc. (NASDAQ:AVGO) by 0.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 133,202 shares of the semiconductor manufacturer’s stock after selling 404 shares during the period. Copeland Capital Management LLC’s holdings in Broadcom were worth $36,717,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Sawyer & Company Inc raised 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 purchasing an additional 36 shares during the period. Legend Financial Advisors Inc. acquired a new stake in shares of Broadcom during the second quarter valued at about $28,000. Maseco LLP acquired a new stake in shares of Broadcom during the second quarter valued at about $34,000. PFS Partners LLC increased its position in shares of Broadcom by 38.4% during the second quarter. PFS Partners LLC now owns 137 shares of the semiconductor manufacturer’s stock valued at $38,000 after acquiring an additional 38 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Broadcom in the first quarter valued at approximately $25,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Broadcom

In related news, insider Mark David Brazeal sold 16,558 shares of the company’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total value of $5,755,726.38. Following the completion of the sale, the insider owned 329,302 shares in the company, valued at $114,468,668.22. This represents a 4.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Charlie B. Kawwas sold 3,893 shares of the company’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the completion of the sale, the insider owned 25,295 shares of the company’s stock, valued at approximately $8,798,106.90. This trade represents a 13.34% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 3,550 shares of company stock worth $1,227,869 and have sold 666,071 shares worth $225,623,008. 2.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

AVGO has been the subject of a number of research reports. Bank of America lifted their price objective on shares of Broadcom from $300.00 to $400.00 and gave the company a “buy” rating in a report on Friday, September 5th. Macquarie initiated coverage on shares of Broadcom in a report on Monday, September 15th. They issued an “outperform” rating and a $420.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on shares of Broadcom from $325.00 to $400.00 and gave the company an “overweight” rating in a report on Friday, September 5th. Evercore ISI reiterated an “outperform” rating and set a $342.00 price target (up previously from $304.00) on shares of Broadcom in a report on Thursday, September 4th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $340.00 price target on shares of Broadcom in a report on Wednesday, August 13th. Three analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Broadcom presently has an average rating of “Buy” and an average price target of $357.22.

Broadcom Stock Up 0.3%

Shares of NASDAQ:AVGO opened at $336.41 on Wednesday. The company has a market capitalization of $1.59 trillion, a PE ratio of 85.82, a P/E/G ratio of 1.86 and a beta of 1.20. 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 twelve month low of $138.10 and a twelve month high of $374.23. The firm has a 50 day simple moving average of $320.03 and a 200-day simple moving average of $259.78.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.03. The business had revenue of $15.95 billion during 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 company’s revenue was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. On average, equities analysts predict that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The business also recently disclosed 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. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, September 22nd. Broadcom’s payout ratio is currently 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.