Broadcom Inc. $AVGO Stake Decreased by Harbour Investment Management LLC

Harbour Investment Management LLC reduced its stake in Broadcom Inc. (NASDAQ:AVGO) by 6.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 27,351 shares of the semiconductor manufacturer’s stock after selling 2,016 shares during the quarter. Broadcom accounts for approximately 3.3% of Harbour Investment Management LLC’s portfolio, making the stock its 5th largest holding. Harbour Investment Management LLC’s holdings in Broadcom were worth $7,539,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in 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 last quarter. Revolve Wealth Partners LLC lifted its holdings in Broadcom by 10.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock valued at $1,854,000 after purchasing an additional 756 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in Broadcom by 6.4% during the first quarter. Golden State Wealth Management LLC now owns 15,852 shares of the semiconductor manufacturer’s stock valued at $2,654,000 after purchasing an additional 954 shares during the last quarter. Advisors Management Group Inc. ADV lifted its holdings in Broadcom by 124.9% during the first quarter. Advisors Management Group Inc. ADV now owns 11,554 shares of the semiconductor manufacturer’s stock valued at $1,934,000 after purchasing an additional 6,417 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators lifted its holdings in Broadcom by 15.2% during the first quarter. Deseret Mutual Benefit Administrators now owns 9,250 shares of the semiconductor manufacturer’s stock valued at $1,549,000 after purchasing an additional 1,222 shares during the last quarter. 76.43% of the stock is owned by hedge funds and other institutional investors.

Broadcom Stock Up 3.5%

AVGO stock opened at $385.98 on Thursday. 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 company’s 50 day moving average is $336.06 and its 200 day moving average is $280.64. The stock has a market cap of $1.82 trillion, a price-to-earnings ratio of 98.46, a price-to-earnings-growth ratio of 2.10 and a beta of 1.20. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $386.48.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.03. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The business had revenue of $15.95 billion for the quarter, compared to analysts’ expectations of $15.82 billion. During the same period last year, the business earned $1.24 earnings per share. The business’s quarterly revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. Sell-side analysts predict 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 paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, September 22nd. Broadcom’s dividend payout ratio is 60.20%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley set a $409.00 price target on shares of Broadcom and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Wall Street Zen downgraded shares of Broadcom from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Macquarie assumed coverage on shares of Broadcom in a report on Monday, September 15th. They issued an “outperform” rating and a $420.00 price target on the stock. Sanford C. Bernstein increased their price target on shares of Broadcom from $295.00 to $400.00 and gave the stock an “outperform” rating in a report on Friday, September 5th. Finally, Citigroup reissued a “buy” rating and issued a $415.00 price target (up from $350.00) on shares of Broadcom in a report on Tuesday, October 14th. Three research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $372.52.

Insider Activity

In other news, insider Charlie B. Kawwas sold 3,893 shares of the stock in a transaction that occurred on Wednesday, September 17th. The stock was 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 owned 25,295 shares of the company’s stock, valued at approximately $8,798,106.90. This represents a 13.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mark David Brazeal sold 16,558 shares of the firm’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total value of $5,755,726.38. Following the completion of the sale, the insider directly owned 329,302 shares of the company’s stock, valued at $114,468,668.22. The trade was a 4.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have bought 3,550 shares of company stock valued at $1,227,869 and have sold 665,271 shares valued at $225,464,248. 2.00% of the stock is owned by company insiders.

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.