Broadcom Inc. $AVGO Stake Trimmed by Alberta Investment Management Corp

Alberta Investment Management Corp lessened its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 49.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 53,100 shares of the semiconductor manufacturer’s stock after selling 52,249 shares during the period. Alberta Investment Management Corp’s holdings in Broadcom were worth $14,637,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kingsview Wealth Management LLC raised its holdings in Broadcom by 0.6% during the second quarter. Kingsview Wealth Management LLC now owns 114,236 shares of the semiconductor manufacturer’s stock valued at $31,489,000 after buying an additional 705 shares in the last quarter. Citizens Financial Group Inc. RI increased its holdings in shares of Broadcom by 54.2% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 263,029 shares of the semiconductor manufacturer’s stock valued at $72,504,000 after acquiring an additional 92,505 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of Broadcom by 9.2% during the 2nd quarter. Avantax Advisory Services Inc. now owns 284,839 shares of the semiconductor manufacturer’s stock valued at $78,516,000 after acquiring an additional 23,919 shares during the last quarter. Keyvantage Wealth LLC raised its stake in shares of Broadcom by 21.5% in the 2nd quarter. Keyvantage Wealth LLC now owns 2,994 shares of the semiconductor manufacturer’s stock valued at $825,000 after acquiring an additional 530 shares in the last quarter. Finally, Paragon Capital Management LLC acquired a new stake in Broadcom in the 2nd quarter worth approximately $315,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom Stock Performance

AVGO opened at $340.50 on Wednesday. The stock’s 50 day simple moving average is $349.10 and its 200-day simple moving average is $298.19. 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 stock has a market cap of $1.61 trillion, a PE ratio of 86.86, a P/E/G ratio of 1.37 and a beta of 1.19. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $386.48.

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

Broadcom Dividend Announcement

The firm 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. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, September 22nd. Broadcom’s payout ratio is 60.20%.

Analyst Upgrades and Downgrades

Several brokerages have commented on AVGO. Sanford C. Bernstein increased their price target on Broadcom from $295.00 to $400.00 and gave the company an “outperform” rating in a report on Friday, September 5th. Barclays set a $450.00 target price on shares of Broadcom and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Oppenheimer reissued an “outperform” rating and set a $360.00 target price (up previously from $325.00) on shares of Broadcom in a research report on Friday, September 5th. UBS Group set a $415.00 price target on Broadcom and gave the company a “buy” rating in a research report on Tuesday, October 14th. Finally, JPMorgan Chase & Co. lifted their price objective on Broadcom from $325.00 to $400.00 and gave the stock an “overweight” 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 given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $372.52.

Insiders Place Their Bets

In related news, insider Charlie B. Kawwas sold 3,893 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total value of $1,354,063.26. Following the completion of the transaction, the insider owned 25,295 shares of the company’s stock, valued at $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 is available at this hyperlink. Also, insider Mark David Brazeal sold 16,558 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the transaction, the insider owned 329,302 shares of the company’s stock, valued at approximately $114,468,668.22. This represents a 4.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have purchased 3,550 shares of company stock valued at $1,227,869 and have sold 665,271 shares valued at $225,483,192. Insiders own 2.00% of the company’s stock.

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.