Strategic Blueprint LLC Trims Position in Broadcom Inc. $AVGO

Strategic Blueprint LLC trimmed its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 15.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,281 shares of the semiconductor manufacturer’s stock after selling 2,340 shares during the period. Strategic Blueprint LLC’s holdings in Broadcom were worth $3,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AVGO. Barnes Dennig Private Wealth Management LLC bought a new position in Broadcom during the 1st quarter worth about $25,000. Cheviot Value Management LLC bought a new position in Broadcom during the 1st quarter worth about $25,000. Sawyer & Company Inc grew its holdings in Broadcom by 62.1% during the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 36 shares in the last quarter. Legend Financial Advisors Inc. bought a new position in Broadcom during the 2nd quarter worth about $28,000. Finally, Wood Tarver Financial Group LLC grew its holdings in Broadcom by 342.5% during the 1st quarter. Wood Tarver Financial Group LLC now owns 177 shares of the semiconductor manufacturer’s stock worth $30,000 after acquiring an additional 137 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors.

Insider Activity at Broadcom

In other Broadcom news, Director Henry Samueli sold 368,797 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director directly owned 37,722,534 shares of the company’s stock, valued at approximately $12,746,821,463.94. This trade represents a 0.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Hock E. Tan sold 148,154 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $336.67, for a total transaction of $49,879,007.18. Following the transaction, the chief executive officer directly owned 825,998 shares of the company’s stock, valued at $278,088,746.66. This represents a 15.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders bought 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 owned by corporate insiders.

Broadcom Stock Up 3.0%

AVGO stock opened at $372.97 on Wednesday. The firm has a 50 day moving average of $334.16 and a 200 day moving average of $279.21. The stock has a market capitalization of $1.76 trillion, a PE ratio of 95.15, a price-to-earnings-growth ratio of 2.04 and a beta of 1.20. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $374.23.

Broadcom (NASDAQ:AVGO) last released 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 company 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%. Broadcom’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same period last year, the business earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Sell-side analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were paid a $0.59 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 0.6%. Broadcom’s dividend payout ratio (DPR) is 60.20%.

Analyst Ratings Changes

AVGO has been the topic of a number of recent analyst reports. KeyCorp set a $460.00 price target on shares of Broadcom in a report on Monday, October 13th. Argus raised their price target on shares of Broadcom from $285.00 to $375.00 and gave the company a “buy” rating in a report on Monday, September 8th. Deutsche Bank Aktiengesellschaft set a $400.00 price target on shares of Broadcom and gave the company a “buy” rating in a report on Tuesday, October 14th. Wall Street Zen cut shares of Broadcom from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Mizuho set a $435.00 price target on shares of Broadcom and gave the company an “outperform” rating in a report on Tuesday, October 21st. Three research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Broadcom has an average rating of “Buy” and a consensus target price of $372.52.

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.