Broadcom Inc. $AVGO Shares Sold by Amplius Wealth Advisors LLC

Amplius Wealth Advisors LLC lowered its position in Broadcom Inc. (NASDAQ:AVGO) by 2.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,502 shares of the semiconductor manufacturer’s stock after selling 272 shares during the quarter. Amplius Wealth Advisors LLC’s holdings in Broadcom were worth $2,895,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Assetmark Inc. raised its stake in Broadcom by 2.4% during the second quarter. Assetmark Inc. now owns 1,703,487 shares of the semiconductor manufacturer’s stock worth $469,566,000 after acquiring an additional 39,466 shares during the period. PARUS FINANCE UK Ltd raised its stake in Broadcom by 175.3% during the first quarter. PARUS FINANCE UK Ltd now owns 100,578 shares of the semiconductor manufacturer’s stock worth $16,840,000 after acquiring an additional 64,038 shares during the period. Geneos Wealth Management Inc. raised its stake in Broadcom by 27.9% during the first quarter. Geneos Wealth Management Inc. now owns 64,130 shares of the semiconductor manufacturer’s stock worth $10,737,000 after acquiring an additional 13,978 shares during the period. Ethic Inc. raised its stake in Broadcom by 1.6% during the second quarter. Ethic Inc. now owns 329,339 shares of the semiconductor manufacturer’s stock worth $88,708,000 after acquiring an additional 5,249 shares during the period. Finally, Asio Capital LLC raised its stake in Broadcom by 2.0% during the second quarter. Asio Capital LLC now owns 54,459 shares of the semiconductor manufacturer’s stock worth $15,012,000 after acquiring an additional 1,089 shares during the period. Institutional investors and hedge funds own 76.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AVGO. Morgan Stanley set a $409.00 price objective on shares of Broadcom and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Wells Fargo & Company upped their target price on shares of Broadcom from $255.00 to $345.00 and gave the stock an “equal weight” rating in a research report on Friday, September 5th. Rosenblatt Securities upped their target price on shares of Broadcom from $340.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Wall Street Zen cut shares of Broadcom from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Finally, Citigroup restated 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, thirty have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Broadcom currently has a consensus rating of “Buy” and a consensus price target of $372.52.

Insiders Place Their Bets

In related news, insider Charlie B. Kawwas sold 3,893 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the insider directly owned 25,295 shares in the company, valued at approximately $8,798,106.90. This trade represents a 13.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Henry Samueli sold 368,797 shares of the firm’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 transaction of $124,620,194.27. Following the sale, the director owned 37,722,534 shares of the company’s stock, valued at $12,746,821,463.94. The trade was a 0.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have acquired 3,550 shares of company stock valued at $1,227,869 and have sold 665,271 shares valued at $225,464,248. Corporate insiders own 2.00% of the company’s stock.

Broadcom Trading Down 2.9%

Broadcom stock opened at $351.94 on Wednesday. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $386.48. The stock has a market capitalization of $1.66 trillion, a PE ratio of 89.78, a price-to-earnings-growth ratio of 1.46 and a beta of 1.19. The firm has a 50 day simple moving average of $341.75 and a 200-day simple moving average of $286.75. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37.

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 the consensus estimate of $1.66 by $0.03. The business had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The company’s revenue was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities research analysts expect that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were issued a $0.59 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.36 annualized dividend 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.