Broadcom Inc. $AVGO Shares Sold by Circle Wealth Management LLC

Circle Wealth Management LLC lessened its stake in Broadcom Inc. (NASDAQ:AVGO) by 18.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,779 shares of the semiconductor manufacturer’s stock after selling 3,631 shares during the period. Circle Wealth Management LLC’s holdings in Broadcom were worth $2,642,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Broadcom in the first quarter worth about $25,000. Cheviot Value Management LLC acquired a new position in Broadcom in the 1st quarter worth about $25,000. Inlight Wealth Management LLC purchased a new position in Broadcom during the first quarter worth approximately $26,000. Sunbeam Capital Management LLC purchased a new position in Broadcom during the fourth quarter worth approximately $28,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in Broadcom in the fourth quarter valued at approximately $30,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on AVGO. Bank of America upped their price objective on shares of Broadcom from $240.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, June 6th. Arete Research upgraded Broadcom to a “strong-buy” rating in a research report on Monday, July 28th. Seaport Res Ptn raised Broadcom to a “strong-buy” rating in a research note on Wednesday, April 30th. HSBC raised Broadcom from a “hold” rating to a “buy” rating and set a $400.00 price objective for the company in a research note on Tuesday, June 24th. Finally, UBS Group lifted their target price on shares of Broadcom from $270.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, June 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $295.96.

Broadcom Price Performance

Broadcom stock opened at $289.60 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.98 and a debt-to-equity ratio of 0.89. The company has a 50-day moving average price of $281.94 and a 200 day moving average price of $231.84. Broadcom Inc. has a 12-month low of $134.90 and a 12-month high of $317.35. The stock has a market cap of $1.36 trillion, a P/E ratio of 108.46, a PEG ratio of 2.07 and a beta of 1.15.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings results on Thursday, June 5th. The semiconductor manufacturer reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.01. The business had revenue of $15 billion during the quarter, compared to analysts’ expectations of $14.98 billion. Broadcom had a net margin of 22.64% and a return on equity of 35.49%. The business’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $10.96 EPS. Broadcom has set its Q3 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 firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 20th were paid a dividend of $0.59 per share. 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 dividend payout ratio (DPR) is 88.39%.

Insider Buying and Selling

In other news, Director Justine Page sold 800 shares of the company’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $307.46, for a total value of $245,968.00. Following the transaction, the director owned 23,782 shares of the company’s stock, valued at $7,312,013.72. This represents a 3.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gayla J. Delly sold 3,000 shares of the firm’s stock in a transaction dated 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 830,516 shares of company stock valued at $217,286,457. 2.00% of the stock is currently owned by company insiders.

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.