Broadcom Inc. $AVGO Shares Sold by Lansforsakringar Fondforvaltning AB publ

Lansforsakringar Fondforvaltning AB publ reduced its position in Broadcom Inc. (NASDAQ:AVGO) by 8.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,265,864 shares of the semiconductor manufacturer’s stock after selling 118,361 shares during the quarter. Broadcom comprises approximately 1.3% of Lansforsakringar Fondforvaltning AB publ’s portfolio, making the stock its 12th biggest position. Lansforsakringar Fondforvaltning AB publ’s holdings in Broadcom were worth $211,944,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Broadcom during the first quarter worth $25,000. Cheviot Value Management LLC acquired a new stake in shares of Broadcom during the first quarter worth $25,000. Inlight Wealth Management LLC acquired a new stake in shares of Broadcom during the first quarter worth $26,000. Sunbeam Capital Management LLC acquired a new stake in shares of Broadcom during the fourth quarter worth $28,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in shares of Broadcom during the fourth quarter worth $30,000. 76.43% of the stock is owned by institutional investors and hedge funds.

Broadcom Stock Up 0.8%

Shares of NASDAQ:AVGO opened at $300.25 on Thursday. The stock’s 50-day moving average price is $285.64 and its two-hundred day moving average price is $233.74. 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 12-month low of $134.90 and a 12-month high of $317.35. The firm has a market cap of $1.41 trillion, a price-to-earnings ratio of 112.45, a PEG ratio of 2.12 and a beta of 1.15.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings results on Thursday, June 5th. The semiconductor manufacturer reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.01. Broadcom had a return on equity of 35.49% and a net margin of 22.64%.The firm had revenue of $15 billion for the quarter, compared to analyst estimates of $14.98 billion. During the same period last year, the company earned $10.96 EPS. The firm’s quarterly revenue was up 20.2% on a year-over-year basis. Broadcom has set its Q3 2025 guidance at EPS. On average, research analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

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

Insider Buying and Selling at Broadcom

In related news, Director Henry Samueli sold 473,898 shares of the firm’s stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $265.33, for a total transaction of $125,739,356.34. Following 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Gayla J. Delly sold 3,000 shares of the firm’s stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $265.13, for a total value of $795,390.00. Following the sale, the director owned 33,352 shares in the company, valued at approximately $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. In the last quarter, insiders sold 830,516 shares of company stock worth $217,286,457. Insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AVGO. Cowen reaffirmed a “buy” rating on shares of Broadcom in a report on Friday, June 6th. Bank of America increased their price objective on Broadcom from $240.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, June 6th. Morgan Stanley set a $338.00 price target on Broadcom and gave the company an “overweight” rating in a research report on Wednesday, July 30th. Truist Financial set a $295.00 price target on Broadcom and gave the company a “buy” rating in a research report on Friday, June 6th. Finally, Susquehanna raised their price target on Broadcom from $280.00 to $300.00 and gave the company a “positive” rating in a research report on Friday, June 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Broadcom currently has an average rating of “Buy” and an average price target of $300.96.

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.