Broadcom Inc. $AVGO Shares Sold by Cadence Bank

Cadence Bank trimmed its stake in Broadcom Inc. (NASDAQ:AVGO) by 7.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 227,383 shares of the semiconductor manufacturer’s stock after selling 18,788 shares during the period. Broadcom accounts for about 2.7% of Cadence Bank’s investment portfolio, making the stock its 6th largest position. Cadence Bank’s holdings in Broadcom were worth $38,071,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. APG Asset Management N.V. raised its stake in shares of Broadcom by 4.0% in the 1st quarter. APG Asset Management N.V. now owns 4,555,075 shares of the semiconductor manufacturer’s stock valued at $706,032,000 after acquiring an additional 175,727 shares in the last quarter. Westwood Wealth Management raised its stake in shares of Broadcom by 2.0% in the 1st quarter. Westwood Wealth Management now owns 59,900 shares of the semiconductor manufacturer’s stock valued at $10,029,000 after acquiring an additional 1,150 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Broadcom by 1.3% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,226,587 shares of the semiconductor manufacturer’s stock valued at $205,367,000 after acquiring an additional 15,440 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Broadcom by 45.8% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 832,524 shares of the semiconductor manufacturer’s stock valued at $139,390,000 after acquiring an additional 261,422 shares in the last quarter. Finally, Haverford Trust Co raised its stake in shares of Broadcom by 4.2% in the 1st quarter. Haverford Trust Co now owns 22,312 shares of the semiconductor manufacturer’s stock valued at $3,736,000 after acquiring an additional 897 shares in the last quarter. 76.43% of the stock is owned by institutional investors.

Broadcom Stock Performance

AVGO opened at $294.00 on Friday. The stock has a market cap of $1.38 trillion, a PE ratio of 110.11, a P/E/G ratio of 2.06 and a beta of 1.15. The company has a current ratio of 1.08, a quick ratio of 0.98 and a debt-to-equity ratio of 0.89. Broadcom Inc. has a 1 year low of $134.90 and a 1 year high of $317.35. The stock’s 50 day simple moving average is $282.85 and its 200-day simple moving average is $232.33.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings data on Thursday, June 5th. The semiconductor manufacturer reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.01. The business had revenue of $15 billion for the quarter, compared to analysts’ expectations of $14.98 billion. Broadcom had a return on equity of 35.49% and a net margin of 22.64%.Broadcom’s quarterly revenue was up 20.2% on a year-over-year basis. During the same period in the previous year, the business posted $10.96 earnings per share. Broadcom has set its Q3 2025 guidance at EPS. Sell-side analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 20th were paid a $0.59 dividend. The ex-dividend date of this dividend was Friday, June 20th. This represents a $2.36 annualized dividend and a yield of 0.8%. Broadcom’s payout ratio is currently 88.39%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AVGO. Evercore ISI reissued an “outperform” rating and issued a $304.00 price objective (up from $267.00) on shares of Broadcom in a research note on Friday, June 6th. Arete Research raised Broadcom to a “strong-buy” rating in a research note on Monday, July 28th. Susquehanna lifted their price target on Broadcom from $280.00 to $300.00 and gave the stock a “positive” rating in a research report on Friday, June 6th. Bank of America lifted their price target on Broadcom from $240.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, June 6th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $340.00 price target on shares of Broadcom in a research report on Wednesday, August 13th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $298.67.

Insiders Place Their Bets

In related news, CEO Hock E. Tan sold 40,000 shares of the business’s stock in a transaction on Thursday, June 26th. The stock was 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. The trade was a 7.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kirsten M. Spears sold 36,350 shares of the business’s stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $261.27, for a total value of $9,497,164.50. Following the completion of the sale, the chief financial officer directly owned 325,587 shares in the company, valued at approximately $85,066,115.49. This represents a 10.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 830,516 shares of company stock worth $217,286,457 over the last quarter. Corporate insiders own 2.00% of the company’s stock.

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.