Values First Advisors Inc. Sells 34 Shares of Broadcom Inc. $AVGO

Values First Advisors Inc. reduced its position in Broadcom Inc. (NASDAQ:AVGO) by 1.1% during the second quarter, HoldingsChannel.com reports. The firm owned 3,018 shares of the semiconductor manufacturer’s stock after selling 34 shares during the period. Values First Advisors Inc.’s holdings in Broadcom were worth $832,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Nordea Investment Management AB grew its stake in shares of Broadcom by 13.8% during the second quarter. Nordea Investment Management AB now owns 6,839,082 shares of the semiconductor manufacturer’s stock valued at $1,876,302,000 after buying an additional 827,698 shares during the last quarter. Consilio Wealth Advisors LLC boosted its holdings in Broadcom by 4.7% during the 2nd quarter. Consilio Wealth Advisors LLC now owns 5,216 shares of the semiconductor manufacturer’s stock valued at $1,405,000 after acquiring an additional 232 shares during the period. Commons Capital LLC boosted its holdings in Broadcom by 2.1% during the 2nd quarter. Commons Capital LLC now owns 20,328 shares of the semiconductor manufacturer’s stock valued at $5,603,000 after acquiring an additional 413 shares during the period. Harbor Asset Planning Inc. bought a new position in Broadcom in the 2nd quarter valued at $127,000. Finally, Barlow Wealth Partners Inc. increased its stake in Broadcom by 6.2% in the second quarter. Barlow Wealth Partners Inc. now owns 1,104 shares of the semiconductor manufacturer’s stock worth $298,000 after purchasing an additional 64 shares during the period. Institutional investors own 76.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on AVGO shares. Morgan Stanley set a $409.00 target price on shares of Broadcom and gave the company an “overweight” rating in a research note on Tuesday, October 14th. JPMorgan Chase & Co. boosted their price objective on shares of Broadcom from $325.00 to $400.00 and gave the company an “overweight” rating in a research report on Friday, September 5th. Piper Sandler upped their target price on shares of Broadcom from $315.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, September 5th. Deutsche Bank Aktiengesellschaft set a $400.00 price target on Broadcom and gave the company a “buy” rating in a report on Tuesday, October 14th. Finally, Bank of America increased their target price on shares of Broadcom from $300.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Three 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 stock. According to data from MarketBeat, Broadcom currently has a consensus rating of “Buy” and a consensus price target of $372.52.

Broadcom Trading Down 0.7%

NASDAQ AVGO opened at $340.30 on Thursday. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $374.23. The company has a fifty day simple moving average of $329.86 and a two-hundred day simple moving average of $272.43. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. The stock has a market cap of $1.61 trillion, a P/E ratio of 86.81, a P/E/G ratio of 1.93 and a beta of 1.20.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings results 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. The company had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. Broadcom’s quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. On average, analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

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

Insider Activity at Broadcom

In other news, CEO Hock E. Tan sold 100,000 shares of the company’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $339.58, for a total value of $33,958,000.00. Following the sale, the chief executive officer owned 725,638 shares in the company, valued at $246,412,152.04. This represents a 12.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Henry Samueli sold 368,797 shares of the company’s stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total value of $124,620,194.27. Following the completion of the sale, the director owned 37,722,534 shares in the company, valued at approximately $12,746,821,463.94. This represents a 0.97% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders acquired 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,464,248. 2.00% of the stock is currently owned by company insiders.

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.