First Business Financial Services Inc. Lowers Stock Holdings in Broadcom Inc. $AVGO

First Business Financial Services Inc. lowered its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 2.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,937 shares of the semiconductor manufacturer’s stock after selling 1,046 shares during the quarter. Broadcom makes up 1.0% of First Business Financial Services Inc.’s holdings, making the stock its 13th largest position. First Business Financial Services Inc.’s holdings in Broadcom were worth $11,009,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Broadcom by 0.4% in the first quarter. Vanguard Group Inc. now owns 477,220,137 shares of the semiconductor manufacturer’s stock worth $79,900,968,000 after acquiring an additional 2,085,534 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Broadcom by 37.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer’s stock worth $10,968,270,000 after buying an additional 17,985,046 shares during the period. Nuveen LLC purchased a new position in shares of Broadcom during the first quarter worth $6,649,117,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Broadcom by 2.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 35,243,467 shares of the semiconductor manufacturer’s stock worth $5,900,814,000 after buying an additional 842,088 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Broadcom by 3.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 33,852,310 shares of the semiconductor manufacturer’s stock valued at $5,668,134,000 after purchasing an additional 1,043,948 shares during the period. Institutional investors and hedge funds own 76.43% of the company’s stock.

Analyst Ratings Changes

AVGO has been the subject of a number of recent research reports. Macquarie initiated coverage on Broadcom in a report on Monday, September 15th. They issued an “outperform” rating and a $420.00 target price for the company. Citigroup restated a “buy” rating and issued a $415.00 price target (up from $350.00) on shares of Broadcom in a research note on Tuesday, October 14th. JPMorgan Chase & Co. raised their price target on Broadcom from $325.00 to $400.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. Bank of America raised their price target on Broadcom from $300.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Finally, Barclays set a $450.00 price target on Broadcom and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Three investment 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’s stock. According to data from MarketBeat.com, Broadcom has a consensus rating of “Buy” and an average price target of $372.52.

Insider Buying and Selling at Broadcom

In related news, CEO Hock E. Tan sold 100,000 shares of the business’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 transaction, the chief executive officer owned 725,638 shares in the company, valued at $246,412,152.04. The trade was a 12.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Mark David Brazeal sold 16,558 shares of the business’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total value of $5,755,726.38. Following the completion of the transaction, the insider owned 329,302 shares in the company, valued at $114,468,668.22. This trade represents a 4.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, 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. 2.00% of the stock is currently owned by company insiders.

Broadcom Stock Up 3.5%

AVGO opened at $385.98 on Thursday. The business’s 50-day simple moving average is $336.06 and its 200-day simple moving average is $280.64. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. Broadcom Inc. has a one year low of $138.10 and a one year high of $386.48. The stock has a market capitalization of $1.82 trillion, a P/E ratio of 98.46, a price-to-earnings-growth ratio of 2.10 and a beta of 1.20.

Broadcom (NASDAQ:AVGO) last posted 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. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The business had revenue of $15.95 billion for the quarter, compared to analysts’ expectations of $15.82 billion. During the same quarter in the previous year, the firm earned $1.24 earnings per share. The business’s 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 year.

Broadcom Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 0.6%. Broadcom’s payout ratio is 60.20%.

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.