Verity & Verity LLC Has $58.79 Million Holdings in Broadcom Inc. $AVGO

Verity & Verity LLC lowered its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 1.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 213,283 shares of the semiconductor manufacturer’s stock after selling 2,541 shares during the quarter. Broadcom makes up 5.1% of Verity & Verity LLC’s portfolio, making the stock its biggest holding. Verity & Verity LLC’s holdings in Broadcom were worth $58,792,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Nuveen LLC bought a new position in Broadcom during the first quarter valued at $6,649,117,000. Price T Rowe Associates Inc. MD raised its position in shares of Broadcom by 37.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer’s stock valued at $10,968,270,000 after buying an additional 17,985,046 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Broadcom by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 483,442,939 shares of the semiconductor manufacturer’s stock valued at $133,261,046,000 after acquiring an additional 6,222,802 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Broadcom by 16.7% in the first quarter. Goldman Sachs Group Inc. now owns 31,854,414 shares of the semiconductor manufacturer’s stock worth $5,333,384,000 after acquiring an additional 4,550,647 shares in the last quarter. Finally, Deutsche Bank AG increased its stake in Broadcom by 36.9% during the first quarter. Deutsche Bank AG now owns 15,758,895 shares of the semiconductor manufacturer’s stock worth $2,638,512,000 after acquiring an additional 4,245,345 shares during the last quarter. 76.43% of the stock is currently owned by institutional investors.

Insider Transactions at Broadcom

In other Broadcom news, CFO Kirsten M. Spears sold 7,498 shares of the business’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total transaction of $2,606,754.68. Following the sale, the chief financial officer owned 313,330 shares in the company, valued at approximately $108,932,307.80. The trade was a 2.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Hock E. Tan sold 148,154 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $336.67, for a total value of $49,879,007.18. Following the completion of the transaction, the chief executive officer owned 825,998 shares of the company’s stock, valued at approximately $278,088,746.66. The trade was a 15.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders acquired 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,483,192. Insiders own 2.00% of the company’s stock.

Broadcom Trading Down 0.1%

Broadcom stock opened at $377.65 on Tuesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. The stock has a market cap of $1.78 trillion, a PE ratio of 97.07, a price-to-earnings-growth ratio of 1.16 and a beta of 1.19. The stock has a 50-day moving average of $348.43 and a two-hundred day moving average of $302.46. Broadcom Inc. has a one year low of $138.10 and a one year high of $391.42.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.03. The firm had revenue of $15.95 billion for 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 for the quarter was up 22.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. On average, research analysts anticipate 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 issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.6%. Broadcom’s payout ratio is 60.20%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on AVGO shares. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $340.00 price objective on shares of Broadcom in a research note on Wednesday, August 13th. Rosenblatt Securities lifted their price objective on shares of Broadcom from $340.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Deutsche Bank Aktiengesellschaft set a $400.00 target price on shares of Broadcom and gave the stock a “buy” rating in a report on Tuesday, October 14th. UBS Group set a $415.00 price target on Broadcom and gave the stock a “buy” rating in a research note on Tuesday, October 14th. Finally, Macquarie began coverage on Broadcom in a research report on Monday, September 15th. They set an “outperform” rating and a $420.00 target price for the company. Three investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $374.21.

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.