Mount Lucas Management LP Trims Stock Holdings in Broadcom Inc. $AVGO

Mount Lucas Management LP cut its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 26.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,127 shares of the semiconductor manufacturer’s stock after selling 396 shares during the quarter. Mount Lucas Management LP’s holdings in Broadcom were worth $311,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in Broadcom by 21.8% in the fourth quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock valued at $6,882,000 after acquiring an additional 5,322 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of Broadcom by 10.4% in the 4th 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. United Bank increased its position in shares of Broadcom by 76.5% in the 1st quarter. United Bank now owns 2,339 shares of the semiconductor manufacturer’s stock worth $392,000 after purchasing an additional 1,014 shares during the last quarter. SYM FINANCIAL Corp raised its stake in shares of Broadcom by 78.6% in the 1st quarter. SYM FINANCIAL Corp now owns 16,492 shares of the semiconductor manufacturer’s stock valued at $2,761,000 after purchasing an additional 7,260 shares in the last quarter. Finally, Forbes J M & Co. LLP lifted its position in shares of Broadcom by 2.7% during the first quarter. Forbes J M & Co. LLP now owns 116,758 shares of the semiconductor manufacturer’s stock worth $19,549,000 after purchasing an additional 3,099 shares during the last quarter. 76.43% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Broadcom

In other Broadcom news, Director Justine Page sold 800 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $331.14, for a total value of $264,912.00. Following the sale, the director owned 21,382 shares in the company, valued at approximately $7,080,435.48. This trade represents a 3.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Hock E. Tan sold 100,000 shares of Broadcom stock in a transaction that occurred on Tuesday, September 23rd. The shares were 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 in the company, valued at approximately $246,412,152.04. This trade represents a 12.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders purchased 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,483,192. 2.00% of the stock is owned by company insiders.

Broadcom Stock Up 4.1%

Shares of Broadcom stock opened at $354.42 on Thursday. The stock has a market capitalization of $1.67 trillion, a price-to-earnings ratio of 90.41, a PEG ratio of 1.17 and a beta of 1.19. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $386.48. 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 $348.80 and its 200-day simple moving average is $298.58.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings data 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. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The business had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.82 billion. During the same quarter in the previous year, the firm posted $1.24 EPS. The business’s revenue for the quarter was up 22.0% compared to the same quarter last year. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, September 22nd. Broadcom’s dividend payout ratio (DPR) is 60.20%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AVGO shares. Wall Street Zen upgraded Broadcom from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. The Goldman Sachs Group reiterated a “buy” rating and issued a $340.00 target price on shares of Broadcom in a research report on Wednesday, August 13th. Arete Research upgraded Broadcom to a “strong-buy” rating in a report on Monday, July 28th. Citigroup reissued a “buy” rating and set a $415.00 price target (up from $350.00) on shares of Broadcom in a research report on Tuesday, October 14th. Finally, Mizuho set a $435.00 price objective on Broadcom and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $372.52.

Broadcom Company 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.