Broadcom Inc. $AVGO Position Lessened by Rainier Family Wealth Inc.

Rainier Family Wealth Inc. decreased its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 1.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,435 shares of the semiconductor manufacturer’s stock after selling 165 shares during the period. Broadcom makes up about 2.3% of Rainier Family Wealth Inc.’s holdings, making the stock its 10th largest holding. Rainier Family Wealth Inc.’s holdings in Broadcom were worth $1,915,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in AVGO. Waddell & Associates LLC grew its holdings in shares of Broadcom by 2.1% during the first quarter. Waddell & Associates LLC now owns 2,091 shares of the semiconductor manufacturer’s stock worth $350,000 after purchasing an additional 43 shares in the last quarter. Challenger Wealth Management lifted its position in Broadcom by 1.3% during the first quarter. Challenger Wealth Management now owns 3,504 shares of the semiconductor manufacturer’s stock valued at $587,000 after purchasing an additional 45 shares during the last quarter. True Wealth Design LLC grew its stake in Broadcom by 7.2% in the 4th quarter. True Wealth Design LLC now owns 712 shares of the semiconductor manufacturer’s stock worth $165,000 after buying an additional 48 shares in the last quarter. Wescott Financial Advisory Group LLC increased its holdings in shares of Broadcom by 3.8% in the 1st quarter. Wescott Financial Advisory Group LLC now owns 1,326 shares of the semiconductor manufacturer’s stock worth $222,000 after buying an additional 48 shares during the last quarter. Finally, Martingale Asset Management L P raised its position in shares of Broadcom by 1.3% during the 1st quarter. Martingale Asset Management L P now owns 3,876 shares of the semiconductor manufacturer’s stock valued at $649,000 after buying an additional 48 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Gayla J. Delly sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $265.13, for a total value of $795,390.00. Following the sale, the director directly owned 33,352 shares of the company’s stock, valued at $8,842,615.76. The trade was a 8.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mark David Brazeal sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $253.28, for a total value of $12,664,000.00. Following the completion of the sale, the insider owned 415,956 shares in the company, valued at $105,353,335.68. The trade was a 10.73% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders bought 3,550 shares of company stock valued at $1,227,869 and sold 702,758 shares valued at $184,975,481. Company insiders own 2.00% of the company’s stock.

Broadcom Stock Performance

NASDAQ:AVGO opened at $359.63 on Friday. The firm has a market cap of $1.69 trillion, a PE ratio of 91.74, a price-to-earnings-growth ratio of 2.04 and a beta of 1.16. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $374.23. 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 business has a 50 day moving average price of $298.61 and a 200-day moving average price of $240.90.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating the consensus estimate of $1.66 by $0.03. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The firm had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.82 billion. During the same period in the prior year, the firm posted $1.24 earnings per share. The company’s quarterly revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. Equities research analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. Broadcom’s dividend payout ratio (DPR) is currently 60.20%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. HSBC upgraded shares of Broadcom from a “hold” rating to a “buy” rating and set a $400.00 target price for the company in a research report on Tuesday, June 24th. Bank of America upped their price objective on Broadcom from $300.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, September 5th. UBS Group increased their price objective on Broadcom from $290.00 to $345.00 and gave the company a “buy” rating in a research report on Monday, August 25th. Wells Fargo & Company boosted their target price on Broadcom from $255.00 to $345.00 and gave the stock an “equal weight” rating in a research report on Friday, September 5th. Finally, Arete Research raised Broadcom to a “strong-buy” rating in a research note on Monday, July 28th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Broadcom presently has an average rating of “Buy” and an average target price of $351.92.

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.