Broadcom Inc. $AVGO Shares Sold by Perfromance Wealth Partners LLC

Perfromance Wealth Partners LLC reduced its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 3.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 153,961 shares of the semiconductor manufacturer’s stock after selling 4,975 shares during the quarter. Broadcom comprises 1.4% of Perfromance Wealth Partners LLC’s investment portfolio, making the stock its 14th biggest position. Perfromance Wealth Partners LLC’s holdings in Broadcom were worth $42,439,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Sawyer & Company Inc raised its position in shares of Broadcom by 62.1% during 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. PFS Partners LLC raised its position in shares of Broadcom by 38.4% during the 2nd quarter. PFS Partners LLC now owns 137 shares of the semiconductor manufacturer’s stock valued at $38,000 after buying an additional 38 shares during the period. Costello Asset Management INC raised its position in shares of Broadcom by 1.5% during the 2nd quarter. Costello Asset Management INC now owns 2,528 shares of the semiconductor manufacturer’s stock valued at $697,000 after buying an additional 38 shares during the period. Waddell & Associates LLC raised its position in shares of 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 period. Finally, Luts & Greenleigh Group Inc. raised its position in shares of Broadcom by 1.3% during the 2nd quarter. Luts & Greenleigh Group Inc. now owns 3,405 shares of the semiconductor manufacturer’s stock valued at $939,000 after buying an additional 44 shares during the period. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom Stock Down 0.0%

Broadcom stock opened at $349.24 on Tuesday. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $374.23. The stock’s fifty day simple moving average is $328.64 and its 200-day simple moving average is $271.47. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $1.65 trillion, a P/E ratio of 89.09, a P/E/G ratio of 1.97 and a beta of 1.20.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $15.82 billion. During the same quarter in the prior year, the company earned $1.24 earnings per share. The company’s revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on AVGO. Morgan Stanley set a $409.00 price target on shares of Broadcom and gave the company an “overweight” rating in a research report on Tuesday, October 14th. HSBC raised Broadcom from a “hold” rating to a “buy” rating and set a $400.00 target price on the stock in a research report on Tuesday, June 24th. TD Cowen boosted their target price on Broadcom from $355.00 to $370.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Hsbc Global Res raised Broadcom from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 24th. Finally, Citigroup reissued a “buy” rating and issued a $415.00 target price (up previously from $350.00) on shares of Broadcom in a research report on Tuesday, October 14th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Broadcom presently has an average rating of “Buy” and a consensus target price of $372.33.

Insider Buying and Selling at Broadcom

In related news, CEO Hock E. Tan sold 100,000 shares of the business’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $339.58, for a total transaction of $33,958,000.00. Following the completion of the transaction, the chief executive officer owned 725,638 shares in the company, valued at approximately $246,412,152.04. The trade was a 12.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Justine Page sold 800 shares of the business’s stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $350.15, for a total transaction of $280,120.00. Following the transaction, the director owned 22,182 shares of the company’s stock, valued at approximately $7,767,027.30. The trade was a 3.48% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 3,550 shares of company stock valued at $1,227,869 and have sold 665,271 shares valued at $225,464,248. 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.