Broadcom Inc. $AVGO Shares Sold by Edmp Inc.

Edmp Inc. reduced its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 3.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,627 shares of the semiconductor manufacturer’s stock after selling 1,331 shares during the period. Broadcom accounts for approximately 7.9% of Edmp Inc.’s investment portfolio, making the stock its biggest holding. Edmp Inc.’s holdings in Broadcom were worth $9,269,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AVGO. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Broadcom in the 1st quarter valued at about $25,000. Cheviot Value Management LLC acquired a new stake in shares of Broadcom in the 1st quarter valued at about $25,000. Inlight Wealth Management LLC acquired a new stake in shares of Broadcom in the 1st quarter valued at about $26,000. Sawyer & Company Inc grew its stake in shares of Broadcom by 62.1% in the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 36 shares during the period. Finally, Legend Financial Advisors Inc. acquired a new stake in shares of Broadcom in the 2nd quarter valued at about $28,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Broadcom

In other news, Director Henry Samueli sold 368,797 shares of the business’s stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total value of $124,620,194.27. Following the transaction, the director owned 37,722,534 shares in the company, valued at $12,746,821,463.94. The trade was a 0.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark David Brazeal sold 16,558 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total value of $5,755,726.38. Following the completion of the transaction, the insider owned 329,302 shares in the company, valued at $114,468,668.22. The trade was a 4.79% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have bought 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,464,248. 2.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently commented on the company. Hsbc Global Res upgraded Broadcom from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 24th. The Goldman Sachs Group restated a “buy” rating and issued a $340.00 target price on shares of Broadcom in a research note on Wednesday, August 13th. Rosenblatt Securities raised their target price on Broadcom from $340.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Citigroup reiterated a “buy” rating and set a $415.00 price target (up previously from $350.00) on shares of Broadcom in a research note on Tuesday, October 14th. Finally, Deutsche Bank Aktiengesellschaft set a $400.00 price target on Broadcom and gave the company a “buy” rating in a research note on Tuesday, October 14th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $372.33.

Broadcom Price Performance

AVGO stock opened at $349.24 on Tuesday. The company has a market capitalization of $1.65 trillion, a P/E ratio of 89.09, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $374.23. The business has a 50-day simple moving average of $328.64 and a two-hundred day simple moving average of $271.47.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.03. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The business had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.82 billion. During the same quarter in the previous year, the business earned $1.24 EPS. The company’s quarterly revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. Research analysts expect that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, September 22nd. Broadcom’s payout ratio is presently 60.20%.

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.