Focus Partners Advisor Solutions LLC Cuts Stock Position in Broadcom Inc. $AVGO

Focus Partners Advisor Solutions LLC lessened its holdings in Broadcom Inc. (NASDAQ:AVGO) by 28.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,961 shares of the semiconductor manufacturer’s stock after selling 20,149 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Broadcom were worth $14,039,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Fielder Capital Group LLC raised its stake in shares of Broadcom by 9.7% in the 2nd quarter. Fielder Capital Group LLC now owns 2,947 shares of the semiconductor manufacturer’s stock valued at $812,000 after acquiring an additional 260 shares during the period. Insight Wealth Partners LLC increased its stake in Broadcom by 4.6% during the 2nd quarter. Insight Wealth Partners LLC now owns 7,512 shares of the semiconductor manufacturer’s stock worth $2,071,000 after buying an additional 332 shares during the period. State of New Jersey Common Pension Fund D increased its stake in Broadcom by 0.3% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 1,502,835 shares of the semiconductor manufacturer’s stock worth $414,256,000 after buying an additional 4,428 shares during the period. NatWest Group plc increased its stake in Broadcom by 93.8% during the 2nd quarter. NatWest Group plc now owns 52,750 shares of the semiconductor manufacturer’s stock worth $14,541,000 after buying an additional 25,534 shares during the period. Finally, Hobart Private Capital LLC increased its stake in Broadcom by 129.7% during the 2nd quarter. Hobart Private Capital LLC now owns 2,959 shares of the semiconductor manufacturer’s stock worth $816,000 after buying an additional 1,671 shares during the period. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Insider Buying and Selling at Broadcom

In related news, Director Henry Samueli sold 368,797 shares of the business’s stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the completion of the sale, the director owned 37,722,534 shares of the company’s stock, valued at $12,746,821,463.94. This represents a 0.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Charlie B. Kawwas sold 3,893 shares of the business’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the sale, the insider directly owned 25,295 shares of the company’s stock, valued at approximately $8,798,106.90. This represents a 13.34% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have purchased 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 Upgrades and Downgrades

AVGO has been the topic of several analyst reports. Arete Research raised shares of Broadcom to a “strong-buy” rating in a research note on Monday, July 28th. Bank of America lifted their price target on shares of Broadcom from $300.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Oppenheimer reaffirmed an “outperform” rating and set a $360.00 price target (up previously from $325.00) on shares of Broadcom in a research note on Friday, September 5th. Benchmark lifted their price target on shares of Broadcom from $315.00 to $385.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Finally, Mizuho set a $435.00 target price on shares of Broadcom and gave the stock an “outperform” rating in a research report on Tuesday, October 21st. Three investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $372.52.

Broadcom Price Performance

AVGO opened at $376.47 on Friday. 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 1-year low of $138.10 and a 1-year high of $386.48. The company has a 50-day moving average of $337.79 and a 200-day moving average of $281.31. The company has a market capitalization of $1.78 trillion, a P/E ratio of 96.04, a PEG ratio of 2.17 and a beta of 1.20.

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, beating analysts’ consensus estimates of $1.66 by $0.03. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. 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 prior year, the firm earned $1.24 EPS. The company’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. Equities analysts expect that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, September 22nd. Broadcom’s dividend payout ratio is currently 60.20%.

Broadcom 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.