Broadcom Inc. $AVGO Shares Sold by Anchor Investment Management LLC

Anchor Investment Management LLC trimmed its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 5.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,592 shares of the semiconductor manufacturer’s stock after selling 1,240 shares during the quarter. Anchor Investment Management LLC’s holdings in Broadcom were worth $3,448,000 as of its most recent filing with the Securities and Exchange Commission.

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

Broadcom Price Performance

Broadcom stock opened at $336.67 on Wednesday. The company has a 50-day moving average price of $294.92 and a 200 day moving average price of $238.95. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $356.34. The stock has a market cap of $1.58 trillion, a P/E ratio of 85.89, a PEG ratio of 1.89 and a beta of 1.16.

Broadcom (NASDAQ:AVGO) last issued its 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 firm had revenue of $15.95 billion for the quarter, compared to analysts’ expectations of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The firm’s revenue was up 22.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. Sell-side analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

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

Insider Transactions at Broadcom

In related news, CEO Hock E. Tan sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $268.29, for a total value of $10,731,600.00. Following the sale, the chief executive officer owned 482,836 shares of the company’s stock, valued at $129,540,070.44. This trade represents a 7.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Henry Samueli sold 473,898 shares of the firm’s stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $265.33, for a total transaction of $125,739,356.34. Following the completion of the sale, the director directly owned 38,188,575 shares in the company, valued at approximately $10,132,574,604.75. This trade represents a 1.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 820,516 shares of company stock valued at $214,757,657 over the last quarter. Insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Erste Group Bank upgraded shares of Broadcom from a “hold” rating to a “buy” rating in a report on Thursday, June 5th. Truist Financial upped their price objective on shares of Broadcom from $295.00 to $365.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Rosenblatt Securities upped their price objective on shares of Broadcom from $340.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Benchmark upped their price objective on shares of Broadcom from $315.00 to $385.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Finally, KeyCorp increased their price target on shares of Broadcom from $330.00 to $400.00 and gave the stock an “overweight” rating in a research note on Friday, September 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $351.92.

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.