Broadcom Inc. $AVGO Shares Sold by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. lessened its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 0.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,164 shares of the semiconductor manufacturer’s stock after selling 105 shares during the period. Broadcom makes up 0.7% of Confluence Wealth Services Inc.’s holdings, making the stock its 24th biggest position. Confluence Wealth Services Inc.’s holdings in Broadcom were worth $12,449,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in AVGO. Brighton Jones LLC raised its holdings in shares of Broadcom by 21.8% during the fourth quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock worth $6,882,000 after purchasing an additional 5,322 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Broadcom by 10.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock worth $1,854,000 after purchasing an additional 756 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Broadcom by 9.2% during the first quarter. GAMMA Investing LLC now owns 103,184 shares of the semiconductor manufacturer’s stock worth $17,276,000 after purchasing an additional 8,672 shares during the last quarter. Noble Wealth Management PBC raised its holdings in shares of Broadcom by 9.7% during the first quarter. Noble Wealth Management PBC now owns 845 shares of the semiconductor manufacturer’s stock worth $141,000 after purchasing an additional 75 shares during the last quarter. Finally, Rockland Trust Co. raised its holdings in shares of Broadcom by 17.1% during the first quarter. Rockland Trust Co. now owns 3,042 shares of the semiconductor manufacturer’s stock worth $509,000 after purchasing an additional 445 shares during the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Analyst Ratings Changes

AVGO has been the topic of several analyst reports. Rosenblatt Securities raised their price target on shares of Broadcom from $340.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Citigroup raised their price target on shares of Broadcom from $315.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Barclays raised their price target on shares of Broadcom from $265.00 to $400.00 and gave the company an “overweight” rating in a research report on Friday, September 5th. Truist Financial raised their price target on shares of Broadcom from $295.00 to $365.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Finally, KeyCorp restated an “overweight” rating and set a $420.00 price target (up previously from $400.00) on shares of Broadcom in a research report on Tuesday, September 30th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Broadcom presently has an average rating of “Buy” and an average target price of $357.22.

Insider Activity

In related news, insider Charlie B. Kawwas sold 3,893 shares of the business’s stock in a transaction dated 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 transaction, the insider directly owned 25,295 shares in the company, valued at approximately $8,798,106.90. The trade was a 13.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Henry Samueli sold 368,797 shares of the business’s stock in a transaction dated 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 transaction, the director owned 37,722,534 shares in the company, valued at $12,746,821,463.94. The trade was a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 3,550 shares of company stock valued at $1,227,869 and sold 666,071 shares valued at $225,623,008. Insiders own 2.00% of the company’s stock.

Broadcom Stock Down 5.9%

AVGO stock opened at $324.63 on Friday. The stock has a market capitalization of $1.53 trillion, a P/E ratio of 82.81, a P/E/G ratio of 1.91 and a beta of 1.20. The firm has a 50-day simple moving average of $322.64 and a 200-day simple moving average of $262.37. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $374.23.

Broadcom (NASDAQ:AVGO) last released its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.03. The business 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%. The company’s quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. Equities analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors 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 dividend on an annualized basis and a yield of 0.7%. Broadcom’s 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.