LifeSteps Financial Inc. Sells 140 Shares of Broadcom Inc. $AVGO

LifeSteps Financial Inc. lowered its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 8.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,455 shares of the semiconductor manufacturer’s stock after selling 140 shares during the quarter. LifeSteps Financial Inc.’s holdings in Broadcom were worth $401,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in AVGO. Brighton Jones LLC raised its holdings in shares of Broadcom by 21.8% during the fourth quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock valued at $6,882,000 after purchasing an additional 5,322 shares during the period. Revolve Wealth Partners LLC raised its holdings in shares of Broadcom by 10.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock worth $1,854,000 after acquiring an additional 756 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Broadcom by 9.2% in the 1st quarter. GAMMA Investing LLC now owns 103,184 shares of the semiconductor manufacturer’s stock worth $17,276,000 after acquiring an additional 8,672 shares during the last quarter. Sound Income Strategies LLC raised its holdings in shares of Broadcom by 11.2% in the 1st quarter. Sound Income Strategies LLC now owns 1,641 shares of the semiconductor manufacturer’s stock worth $275,000 after acquiring an additional 165 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in shares of Broadcom by 9.2% in the 1st quarter. Exchange Traded Concepts LLC now owns 38,491 shares of the semiconductor manufacturer’s stock worth $6,445,000 after acquiring an additional 3,254 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on AVGO shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $340.00 price objective on shares of Broadcom in a research note on Wednesday, August 13th. Mizuho set a $430.00 price target on shares of Broadcom in a research note on Monday. Rosenblatt Securities raised their price target on shares of Broadcom from $340.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. HSBC upgraded shares of Broadcom from a “hold” rating to a “buy” rating and set a $400.00 price target for the company in a research note on Tuesday, June 24th. Finally, Citigroup lifted their price objective 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. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $359.44.

Insider Activity

In other news, insider Mark David Brazeal sold 16,558 shares of the firm’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the sale, the insider owned 329,302 shares in the company, valued at approximately $114,468,668.22. This trade represents a 4.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Kirsten M. Spears sold 7,498 shares of the firm’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.66, for a total transaction of $2,606,754.68. Following the sale, the chief financial officer owned 313,330 shares in the company, valued at approximately $108,932,307.80. This trade represents a 2.34% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 3,550 shares of company stock worth $1,227,869 and have sold 664,471 shares worth $225,184,128. Corporate insiders own 2.00% of the company’s stock.

Broadcom Stock Up 9.9%

Shares of NASDAQ:AVGO opened at $356.70 on Tuesday. The firm has a fifty day moving average price of $323.82 and a two-hundred day moving average price of $264.90. 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 Inc. has a one year low of $138.10 and a one year high of $374.23. The company has a market cap of $1.68 trillion, a price-to-earnings ratio of 90.99, a PEG ratio of 1.80 and a beta of 1.20.

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

Broadcom Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were given a dividend of $0.59 per share. 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 (DPR) 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.