Broadcom Inc. $AVGO is Godsey & Gibb Inc.’s Largest Position

Godsey & Gibb Inc. cut its holdings in Broadcom Inc. (NASDAQ:AVGO) by 1.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 165,741 shares of the semiconductor manufacturer’s stock after selling 1,669 shares during the quarter. Broadcom makes up about 4.3% of Godsey & Gibb Inc.’s holdings, making the stock its largest holding. Godsey & Gibb Inc.’s holdings in Broadcom were worth $45,687,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AVGO. Brighton Jones LLC raised its stake 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 buying an additional 5,322 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in Broadcom by 10.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock valued at $1,854,000 after buying an additional 756 shares during the last quarter. GAMMA Investing LLC raised its stake in Broadcom by 9.2% in the first quarter. GAMMA Investing LLC now owns 103,184 shares of the semiconductor manufacturer’s stock valued at $17,276,000 after buying an additional 8,672 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in Broadcom by 1,023.7% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 252,450 shares of the semiconductor manufacturer’s stock valued at $42,267,000 after buying an additional 229,985 shares during the last quarter. Finally, Grant Private Wealth Management Inc raised its stake in Broadcom by 5.8% in the first quarter. Grant Private Wealth Management Inc now owns 8,529 shares of the semiconductor manufacturer’s stock valued at $1,418,000 after buying an additional 467 shares during the last quarter. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Broadcom

In other news, CEO Hock E. Tan sold 100,000 shares of Broadcom stock in a transaction that occurred on Tuesday, September 23rd. The stock was 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 of the company’s stock, valued at $246,412,152.04. The trade was a 12.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Kirsten M. Spears sold 7,498 shares of Broadcom stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total value of $2,606,754.68. Following the completion of the sale, the chief financial officer directly owned 313,330 shares in the company, valued at $108,932,307.80. This represents a 2.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders acquired 3,550 shares of company stock valued at $1,227,869 and sold 664,471 shares valued at $225,184,128. Insiders own 2.00% of the company’s stock.

Broadcom Stock Down 5.9%

Shares of AVGO stock opened at $324.63 on Monday. The stock has a 50 day moving average of $322.64 and a 200 day moving average of $263.58. 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 stock has a market cap of $1.53 trillion, a P/E ratio of 82.81, a P/E/G ratio of 1.80 and a beta of 1.20. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $374.23.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.03. The company had revenue of $15.95 billion during the quarter, compared to analysts’ expectations of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.Broadcom’s quarterly revenue was up 22.0% on a year-over-year basis. During the same period last year, the business earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. As a group, sell-side analysts expect that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were paid a $0.59 dividend. 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 0.7%. Broadcom’s payout ratio is currently 60.20%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Piper Sandler raised their price objective on Broadcom from $315.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, September 5th. Deutsche Bank Aktiengesellschaft raised their price objective on Broadcom from $300.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Wells Fargo & Company raised their price objective on Broadcom from $255.00 to $345.00 and gave the stock an “equal weight” rating in a research note on Friday, September 5th. Bank of America raised their price objective on Broadcom from $300.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Finally, Barclays raised their price objective on Broadcom from $265.00 to $400.00 and gave the stock an “overweight” rating in a research note on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $357.22.

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.