Broadcom Inc. $AVGO Stake Cut by Acorn Creek Capital LLC

Acorn Creek Capital LLC trimmed its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 2.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,124 shares of the semiconductor manufacturer’s stock after selling 66 shares during the period. Broadcom accounts for approximately 0.4% of Acorn Creek Capital LLC’s investment portfolio, making the stock its 23rd biggest holding. Acorn Creek Capital LLC’s holdings in Broadcom were worth $861,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. PARUS FINANCE UK Ltd lifted its holdings in shares of Broadcom by 175.3% during the 1st quarter. PARUS FINANCE UK Ltd now owns 100,578 shares of the semiconductor manufacturer’s stock valued at $16,840,000 after buying an additional 64,038 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Broadcom by 27.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 64,130 shares of the semiconductor manufacturer’s stock valued at $10,737,000 after buying an additional 13,978 shares during the last quarter. Asio Capital LLC lifted its holdings in shares of Broadcom by 2.0% during the 2nd quarter. Asio Capital LLC now owns 54,459 shares of the semiconductor manufacturer’s stock valued at $15,012,000 after buying an additional 1,089 shares during the last quarter. Keener Financial Planning LLC lifted its holdings in shares of Broadcom by 34.8% during the 1st quarter. Keener Financial Planning LLC now owns 890 shares of the semiconductor manufacturer’s stock valued at $149,000 after buying an additional 230 shares during the last quarter. Finally, Diversify Wealth Management LLC lifted its holdings in shares of Broadcom by 5.6% during the 1st quarter. Diversify Wealth Management LLC now owns 38,016 shares of the semiconductor manufacturer’s stock valued at $6,365,000 after buying an additional 2,016 shares during the last quarter. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on AVGO shares. Weiss Ratings lowered Broadcom from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. Sanford C. Bernstein boosted their target price on Broadcom from $295.00 to $400.00 and gave the stock an “outperform” rating in a report on Friday, September 5th. Citigroup restated a “buy” rating and issued a $415.00 target price (up from $350.00) on shares of Broadcom in a report on Tuesday. Morgan Stanley set a $409.00 target price on Broadcom and gave the stock an “overweight” rating in a report on Tuesday. Finally, Rosenblatt Securities boosted their target price on Broadcom from $340.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Broadcom currently has an average rating of “Buy” and an average price target of $372.33.

Broadcom Stock Down 1.4%

Shares of AVGO stock opened at $349.33 on Friday. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $374.23. The firm has a market cap of $1.65 trillion, a PE ratio of 89.11, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20. The stock has a 50 day moving average of $327.73 and a 200-day moving average of $269.24. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86.

Broadcom (NASDAQ:AVGO) last issued its quarterly 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 company had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.82 billion. During the same period in the previous year, the company earned $1.24 earnings per share. The company’s quarterly revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. On average, equities analysts predict that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were issued 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 0.7%. Broadcom’s payout ratio is 60.20%.

Insider Activity at Broadcom

In other news, CFO Kirsten M. Spears sold 7,498 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total transaction of $2,606,754.68. Following the completion of the transaction, the chief financial officer directly owned 313,330 shares in the company, valued at $108,932,307.80. The trade was a 2.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $124,620,194.27. Following the transaction, the director owned 37,722,534 shares of the company’s stock, valued at approximately $12,746,821,463.94. This trade represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 3,550 shares of company stock valued at $1,227,869 and sold 665,271 shares valued at $225,464,248. 2.00% of the stock is owned by corporate insiders.

Broadcom Company 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.