Broadcom Inc. $AVGO Shares Sold by Bell Asset Management Ltd

Bell Asset Management Ltd trimmed its position in Broadcom Inc. (NASDAQ:AVGO) by 40.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,154 shares of the semiconductor manufacturer’s stock after selling 21,705 shares during the period. Broadcom makes up approximately 2.0% of Bell Asset Management Ltd’s holdings, making the stock its 8th biggest holding. Bell Asset Management Ltd’s holdings in Broadcom were worth $8,863,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Cheviot Value Management LLC bought a new position in shares of Broadcom during the first quarter worth $25,000. Sawyer & Company Inc raised its stake in Broadcom by 62.1% during the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after buying 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. acquired a new position in Broadcom in the second quarter valued at about $28,000. Finally, LGT Financial Advisors LLC bought a new stake in shares of Broadcom in the second quarter worth about $31,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Broadcom Stock Up 3.3%

Broadcom stock opened at $397.57 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. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $399.87. The company has a fifty day simple moving average of $349.96 and a 200 day simple moving average of $304.36. The company has a market cap of $1.88 trillion, a P/E ratio of 101.42, a price-to-earnings-growth ratio of 1.31 and a beta of 1.19.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.03. The company had revenue of $15.95 billion during 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 company’s quarterly revenue was up 22.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Research analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AVGO. Deutsche Bank Aktiengesellschaft set a $400.00 price objective on Broadcom and gave the company a “buy” rating in a report on Tuesday, October 14th. Piper Sandler lifted their price target on shares of Broadcom from $315.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. Argus increased their price objective on shares of Broadcom from $285.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, September 8th. Bank of America raised their price objective on shares of Broadcom from $300.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Finally, Citigroup reaffirmed a “buy” rating and issued a $415.00 target price (up from $350.00) on shares of Broadcom in a research note on Tuesday, October 14th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $377.61.

Insider Activity

In other news, Director Henry Samueli sold 368,797 shares of the company’s stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the sale, the director owned 37,722,534 shares in the company, valued at $12,746,821,463.94. This represents a 0.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Charlie B. Kawwas sold 3,893 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider directly 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 SEC filing for this sale provides additional information. Over the last three months, insiders have acquired 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,483,192. Company 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.