Financial Insights Inc. Sells 1,180 Shares of Broadcom Inc. $AVGO

Financial Insights Inc. trimmed its stake in Broadcom Inc. (NASDAQ:AVGO) by 23.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,895 shares of the semiconductor manufacturer’s stock after selling 1,180 shares during the period. Financial Insights Inc.’s holdings in Broadcom were worth $1,074,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Broadcom in the 1st quarter valued at approximately $25,000. Cheviot Value Management LLC acquired a new stake in Broadcom in the 1st quarter valued at approximately $25,000. Inlight Wealth Management LLC acquired a new stake in Broadcom in the 1st quarter valued at approximately $26,000. Sawyer & Company Inc grew its holdings in 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 last quarter. Finally, Legend Financial Advisors Inc. acquired a new stake in Broadcom in the 2nd quarter valued at approximately $28,000. 76.43% of the stock is owned by institutional investors.

Broadcom Price Performance

Shares of NASDAQ:AVGO opened at $345.02 on Friday. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $374.23. The firm has a market capitalization of $1.63 trillion, a PE ratio of 88.02, a PEG ratio of 1.91 and a beta of 1.20. The business’s 50 day moving average is $321.92 and its 200-day moving average is $261.43. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.03. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The company had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. During the same quarter last year, the firm earned $1.24 EPS. Broadcom’s revenue for the quarter was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. Sell-side analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

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

Analysts Set New Price Targets

AVGO has been the topic of a number of research analyst reports. Bank of America raised their target price on Broadcom from $300.00 to $400.00 and gave the company a “buy” rating in a report on Friday, September 5th. Argus raised their target price on Broadcom from $285.00 to $375.00 and gave the company a “buy” rating in a report on Monday, September 8th. Morgan Stanley raised their target price on Broadcom from $338.00 to $357.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. Evercore ISI reaffirmed an “outperform” rating and issued a $342.00 target price (up previously from $304.00) on shares of Broadcom in a report on Thursday, September 4th. Finally, TD Cowen raised their target price on Broadcom from $355.00 to $370.00 and gave the company a “buy” rating in a report on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Broadcom currently has a consensus rating of “Buy” and an average target price of $357.22.

Insiders Place Their Bets

In related news, CFO Kirsten M. Spears sold 7,498 shares of the business’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total value of $2,606,754.68. Following the sale, the chief financial officer owned 313,330 shares of the company’s stock, valued at $108,932,307.80. The trade was a 2.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark David Brazeal sold 16,558 shares of the business’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total value of $5,755,726.38. Following the completion of the sale, the insider directly owned 329,302 shares in the company, valued at approximately $114,468,668.22. This represents a 4.79% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 3,550 shares of company stock worth $1,227,869 and have sold 666,071 shares worth $225,623,008. 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.