Broadcom Inc. $AVGO Position Trimmed by Middleton & Co. Inc. MA

Middleton & Co. Inc. MA trimmed its position in Broadcom Inc. (NASDAQ:AVGO) by 4.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 137,356 shares of the semiconductor manufacturer’s stock after selling 5,929 shares during the period. Broadcom comprises about 4.3% of Middleton & Co. Inc. MA’s portfolio, making the stock its 4th largest holding. Middleton & Co. Inc. MA’s holdings in Broadcom were worth $37,862,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in AVGO. OneAscent Family Office LLC raised its stake in Broadcom by 2.4% in the 2nd quarter. OneAscent Family Office LLC now owns 4,945 shares of the semiconductor manufacturer’s stock valued at $1,363,000 after purchasing an additional 116 shares during the last quarter. Twin Capital Management Inc. boosted its stake in Broadcom by 0.9% during the 2nd quarter. Twin Capital Management Inc. now owns 102,876 shares of the semiconductor manufacturer’s stock worth $28,358,000 after purchasing an additional 869 shares during the last quarter. Soltis Investment Advisors LLC grew its holdings in shares of Broadcom by 51.4% during the second quarter. Soltis Investment Advisors LLC now owns 65,491 shares of the semiconductor manufacturer’s stock worth $18,053,000 after buying an additional 22,230 shares in the last quarter. Souders Financial Advisors raised its position in shares of Broadcom by 0.3% in the second quarter. Souders Financial Advisors now owns 29,364 shares of the semiconductor manufacturer’s stock valued at $8,094,000 after buying an additional 95 shares during the last quarter. Finally, Mascagni Wealth Management Inc. raised its position in shares of Broadcom by 32.3% in the second quarter. Mascagni Wealth Management Inc. now owns 4,694 shares of the semiconductor manufacturer’s stock valued at $1,294,000 after buying an additional 1,146 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

Broadcom Price Performance

NASDAQ:AVGO opened at $358.39 on Tuesday. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $386.48. The stock’s fifty day moving average is $346.13 and its two-hundred day moving average is $291.83. The company has a market capitalization of $1.69 trillion, a P/E ratio of 91.43, a P/E/G ratio of 1.41 and a beta of 1.19. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.03. The firm had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The company’s quarterly revenue was up 22.0% on a year-over-year basis. During the same period last year, the company earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Equities analysts expect that Broadcom Inc. will post 5.38 EPS for the current 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 $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, September 22nd. Broadcom’s dividend payout ratio is currently 60.20%.

Insider Activity at Broadcom

In other news, CEO Hock E. Tan sold 148,154 shares of the firm’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $336.67, for a total transaction of $49,879,007.18. Following the completion of the transaction, the chief executive officer directly owned 825,998 shares in the company, valued at $278,088,746.66. This trade represents a 15.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Mark David Brazeal sold 16,558 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total value of $5,755,726.38. Following the transaction, the insider owned 329,302 shares of the company’s stock, valued at $114,468,668.22. This trade represents a 4.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders acquired 3,550 shares of company stock valued at $1,227,869 and sold 665,271 shares valued at $225,464,248. 2.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on AVGO shares. Oppenheimer restated an “outperform” rating and set a $360.00 price target (up from $325.00) on shares of Broadcom in a research report on Friday, September 5th. Mizuho set a $435.00 target price on shares of Broadcom and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. Sanford C. Bernstein upped their price target on Broadcom from $295.00 to $400.00 and gave the company an “outperform” rating in a research report on Friday, September 5th. Morgan Stanley set a $409.00 price target on Broadcom and gave the company an “overweight” rating in a report on Tuesday, October 14th. Finally, Weiss Ratings lowered Broadcom from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Three equities 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 data from MarketBeat.com, Broadcom presently has a consensus rating of “Buy” and a consensus price target of $372.52.

About Broadcom

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.