Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD Sells 55,665 Shares of Broadcom Inc. $AVGO

Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD reduced its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 61.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,852 shares of the semiconductor manufacturer’s stock after selling 55,665 shares during the period. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD’s holdings in Broadcom were worth $9,633,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Cheviot Value Management LLC bought a new stake in Broadcom during the 1st quarter valued at approximately $25,000. Sawyer & Company Inc boosted its stake in Broadcom by 62.1% during the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 36 shares during the period. Legend Financial Advisors Inc. bought a new stake in Broadcom during the 2nd quarter valued at approximately $28,000. Wood Tarver Financial Group LLC boosted its position in shares of Broadcom by 342.5% in the first quarter. Wood Tarver Financial Group LLC now owns 177 shares of the semiconductor manufacturer’s stock valued at $30,000 after acquiring an additional 137 shares during the period. Finally, LGT Financial Advisors LLC bought a new stake in shares of Broadcom in the second quarter valued at approximately $31,000. 76.43% of the stock is currently owned by institutional investors.

Broadcom Stock Up 3.5%

Shares of AVGO opened at $385.98 on Thursday. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. The company has a 50-day moving average price of $336.06 and a two-hundred day moving average price of $280.64. The stock has a market cap of $1.82 trillion, a price-to-earnings ratio of 98.46, a P/E/G ratio of 2.10 and a beta of 1.20. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $386.48.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.03. The company had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The company’s quarterly revenue was up 22.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. Equities analysts predict that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

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

Insider Activity at Broadcom

In other news, insider Mark David Brazeal sold 16,558 shares of the company’s stock in a transaction that occurred 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 transaction, the insider directly owned 329,302 shares in the company, valued at approximately $114,468,668.22. This represents a 4.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Charlie B. Kawwas sold 3,893 shares of the company’s 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 transaction, the insider owned 25,295 shares in the company, valued at $8,798,106.90. The trade was a 13.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders purchased 3,550 shares of company stock valued at $1,227,869 and sold 665,271 shares valued at $225,464,248. Insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

AVGO has been the subject of a number of research reports. Wells Fargo & Company increased their price target on shares of Broadcom from $255.00 to $345.00 and gave the company an “equal weight” rating in a report on Friday, September 5th. 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. UBS Group set a $415.00 target price on shares of Broadcom and gave the company a “buy” rating in a research note on Tuesday, October 14th. The Goldman Sachs Group reiterated a “buy” rating and issued a $340.00 target price on shares of Broadcom in a research note on Wednesday, August 13th. Finally, Argus raised their price objective on Broadcom from $285.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, September 8th. Three research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Broadcom presently has an average rating of “Buy” and an average price target 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.