Advisors Asset Management Inc. Reduces Stake in Broadcom Inc. $AVGO

Advisors Asset Management Inc. lowered its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 7.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 171,779 shares of the semiconductor manufacturer’s stock after selling 14,004 shares during the period. Broadcom accounts for 0.8% of Advisors Asset Management Inc.’s investment portfolio, making the stock its 11th biggest holding. Advisors Asset Management Inc.’s holdings in Broadcom were worth $47,351,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of AVGO. Cheviot Value Management LLC purchased a new stake in Broadcom in the 1st quarter worth about $25,000. Sawyer & Company Inc boosted its position in Broadcom by 62.1% during the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 36 shares during the period. Longfellow Investment Management Co. LLC bought a new position in Broadcom during the second quarter worth about $27,000. Legend Financial Advisors Inc. purchased a new position in shares of Broadcom in the second quarter worth about $28,000. Finally, LGT Financial Advisors LLC purchased a new position in shares of Broadcom in the second quarter worth about $31,000. Institutional investors own 76.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on AVGO. Morgan Stanley set a $409.00 price objective on shares of Broadcom and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Evercore ISI boosted their target price on shares of Broadcom from $342.00 to $403.00 and gave the company an “outperform” rating in a report on Wednesday, October 15th. Arete Research raised Broadcom to a “strong-buy” rating in a report on Monday, July 28th. Raymond James Financial set a $420.00 price target on Broadcom and gave the company an “outperform” rating in a research report on Thursday. Finally, TD Cowen boosted their price objective on Broadcom from $355.00 to $370.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Broadcom has an average rating of “Buy” and an average price target of $374.21.

Insider Buying and Selling

In other Broadcom news, insider Charlie B. Kawwas sold 3,893 shares of Broadcom stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the transaction, the insider directly owned 25,295 shares of the company’s stock, valued at approximately $8,798,106.90. This trade represents a 13.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Hock E. Tan sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $339.58, for a total transaction of $33,958,000.00. Following the completion of the sale, the chief executive officer owned 725,638 shares of the company’s stock, valued at approximately $246,412,152.04. The trade was a 12.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have purchased 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,483,192. 2.00% of the stock is owned by corporate insiders.

Broadcom Stock Performance

NASDAQ AVGO opened at $377.96 on Tuesday. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $386.48. The company has a fifty day moving average of $348.43 and a 200-day moving average of $302.46. The company has a market capitalization of $1.78 trillion, a P/E ratio of 96.42, a P/E/G ratio of 1.16 and a beta of 1.19. 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 (NASDAQ:AVGO) last released its quarterly earnings results 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. 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 the consensus estimate of $15.82 billion. During the same quarter last year, the business posted $1.24 earnings per share. The company’s revenue for the quarter was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities research analysts predict that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were issued 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 (DPR) is currently 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.