Inspire Investing LLC Sells 2,865 Shares of Broadcom Inc. $AVGO

Inspire Investing LLC cut its stake in Broadcom Inc. (NASDAQ:AVGO) by 16.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,740 shares of the semiconductor manufacturer’s stock after selling 2,865 shares during the quarter. Inspire Investing LLC’s holdings in Broadcom were worth $2,468,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. CBIZ Investment Advisory Services LLC raised its position in shares of Broadcom by 25.7% in the first quarter. CBIZ Investment Advisory Services LLC now owns 2,336 shares of the semiconductor manufacturer’s stock valued at $391,000 after purchasing an additional 477 shares during the period. Invst LLC raised its position in shares of Broadcom by 34.1% in the first quarter. Invst LLC now owns 4,145 shares of the semiconductor manufacturer’s stock valued at $694,000 after purchasing an additional 1,054 shares during the period. Nova Wealth Management Inc. grew its stake in shares of Broadcom by 78.1% in the first quarter. Nova Wealth Management Inc. now owns 2,710 shares of the semiconductor manufacturer’s stock valued at $454,000 after acquiring an additional 1,188 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Broadcom by 24.6% in the first quarter. Jones Financial Companies Lllp now owns 1,198,179 shares of the semiconductor manufacturer’s stock valued at $202,216,000 after acquiring an additional 236,192 shares in the last quarter. Finally, Silicon Valley Capital Partners grew its stake in shares of Broadcom by 24.9% in the first quarter. Silicon Valley Capital Partners now owns 81,576 shares of the semiconductor manufacturer’s stock valued at $13,796,000 after acquiring an additional 16,243 shares in the last quarter. 76.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Rosenblatt Securities upped their price target on shares of Broadcom from $340.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Wells Fargo & Company upped their price target on shares of Broadcom from $255.00 to $345.00 and gave the company an “equal weight” rating in a research note on Friday, September 5th. JPMorgan Chase & Co. upped their price target on shares of Broadcom from $325.00 to $400.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. Citigroup upped their price target on shares of Broadcom from $315.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Finally, Mizuho upped their price target on shares of Broadcom from $320.00 to $355.00 and gave the company an “outperform” rating in a research note on Friday, September 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $351.92.

Insider Transactions at Broadcom

In other news, CFO Kirsten M. Spears sold 56,310 shares of the stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $251.75, for a total value of $14,176,042.50. Following the completion of the transaction, the chief financial officer owned 361,937 shares of the company’s stock, valued at approximately $91,117,639.75. This represents a 13.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Hock E. Tan sold 40,000 shares of the stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $262.17, for a total transaction of $10,486,800.00. Following the completion of the transaction, the chief executive officer directly owned 974,152 shares of the company’s stock, valued at $255,393,429.84. This trade represents a 3.94% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have purchased 3,550 shares of company stock valued at $1,227,869 and have sold 702,758 shares valued at $184,975,481. 2.00% of the stock is owned by insiders.

Broadcom Trading Down 2.7%

AVGO opened at $359.63 on Friday. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $374.23. The company has a 50-day simple moving average of $298.61 and a 200 day simple moving average of $240.90. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $1.69 trillion, a price-to-earnings ratio of 91.74, a P/E/G ratio of 2.04 and a beta of 1.16.

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

Broadcom Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd will be issued a $0.59 dividend. The ex-dividend date of this dividend is 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 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.