Stillwater Capital Advisors LLC cut its holdings in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) by 1.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 214,401 shares of the semiconductor manufacturer’s stock after selling 3,324 shares during the quarter. Broadcom accounts for about 8.0% of Stillwater Capital Advisors LLC’s portfolio, making the stock its largest holding. Stillwater Capital Advisors LLC’s holdings in Broadcom were worth $70,733,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of AVGO. Sawyer & Company Inc lifted its position in Broadcom by 62.1% during the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 36 shares during the period. Longfellow Investment Management Co. LLC purchased a new position in shares of Broadcom during the 2nd quarter valued at about $27,000. Legend Financial Advisors Inc. purchased a new position in shares of Broadcom during the 2nd quarter valued at about $28,000. Teachers Insurance & Annuity Association of America acquired a new position in shares of Broadcom in the 2nd quarter valued at about $28,000. Finally, LGT Financial Advisors LLC purchased a new stake in shares of Broadcom in the second quarter worth about $31,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Broadcom news, insider Charlie B. Kawwas sold 1,928 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $327.80, for a total value of $631,998.40. Following the transaction, the insider owned 23,582 shares in the company, valued at approximately $7,730,179.60. This trade represents a 7.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Kirsten M. Spears sold 3,714 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $327.79, for a total transaction of $1,217,412.06. Following the sale, the chief financial officer directly owned 307,237 shares of the company’s stock, valued at $100,709,216.23. The trade was a 1.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 863,577 shares of company stock valued at $311,694,744. 2.00% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Check Out Our Latest Analysis on Broadcom
Broadcom Stock Performance
NASDAQ:AVGO opened at $340.36 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.58 and a current ratio of 1.71. The stock has a market capitalization of $1.61 trillion, a PE ratio of 71.50, a P/E/G ratio of 1.17 and a beta of 1.19. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $414.61. The company has a fifty day moving average of $362.98 and a two-hundred day moving average of $321.10.
Broadcom (NASDAQ:AVGO – Get Free Report) last announced its earnings results on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.08. Broadcom had a net margin of 36.20% and a return on equity of 37.45%. The business had revenue of $18.02 billion for the quarter, compared to analyst estimates of $17.46 billion. During the same quarter last year, the business earned $1.42 earnings per share. The company’s revenue for the quarter was up 28.2% compared to the same quarter last year. As a group, research analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.
Broadcom Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Monday, December 22nd. This is an increase from Broadcom’s previous quarterly dividend of $0.59. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.8%. Broadcom’s payout ratio is currently 49.58%.
Key Headlines Impacting Broadcom
Here are the key news stories impacting Broadcom this week:
- Positive Sentiment: Truist raised its price target to $510 and kept a buy stance, signaling big upside vs. current levels. AVGO: Broadcom price target raised by Truist
- Positive Sentiment: Company beat expectations and issued AI-related revenue commentary (large AI/XPU and networking opportunity), supporting a growth story tied to data-center demand. Broadcom soars past expectations with blockbuster results
- Positive Sentiment: Unusual options activity: traders bought ~323,615 call contracts, well above average, indicating speculative/hedged bullish bets on near-term upside.
- Positive Sentiment: Broadcom raised its quarterly dividend ~10% (new quarterly payment $0.65) — a sign of strong cash flow and shareholder returns. Broadcom stock just raised its dividend by 10%
- Neutral Sentiment: High-profile bullish coverage and commentary (Wall Street lists and media pieces) are amplifying interest but also raising expectations. Here’s why Wall Street is bullish on Broadcom stock (AVGO)
- Neutral Sentiment: Jim Cramer publicly said he isn’t very worried about Broadcom, which can calm retail sentiment but is not a fundamental driver. Jim Cramer says he is not that worried about Broadcom
- Negative Sentiment: Several insiders (including senior execs) have sold shares in recent filings — a potential overhang for sentiment even if sales may be for diversification/liquidity. Charlie Kawwas Sells 1,235 Shares of Broadcom
- Negative Sentiment: Sharp recent sell-off (~20% from pre-earnings levels) has created volatility and forced short-term selling pressure despite analysts raising targets. Broadcom Stock Crashes 20%—But Wall Street Sees It Soaring to $500
Broadcom Company Profile
Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company’s semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.
On the semiconductor side, Broadcom’s portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.
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