SPC Financial Inc. Reduces Stock Holdings in Broadcom Inc. $AVGO

SPC Financial Inc. reduced its stake in Broadcom Inc. (NASDAQ:AVGO) by 4.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,276 shares of the semiconductor manufacturer’s stock after selling 436 shares during the period. SPC Financial Inc.’s holdings in Broadcom were worth $2,833,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in AVGO. Barnes Dennig Private Wealth Management LLC purchased a new position in Broadcom in the first quarter valued at approximately $25,000. Cheviot Value Management LLC purchased a new position in Broadcom in the first quarter valued at approximately $25,000. Inlight Wealth Management LLC purchased a new position in Broadcom in the first quarter valued at approximately $26,000. Sawyer & Company Inc increased its stake in Broadcom by 62.1% in the second 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 last quarter. Finally, Legend Financial Advisors Inc. purchased a new position in Broadcom in the second quarter valued at approximately $28,000. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Broadcom news, Director Justine Page sold 800 shares of the firm’s stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $350.15, for a total value of $280,120.00. Following the completion of the sale, the director owned 22,182 shares of the company’s stock, valued at approximately $7,767,027.30. This trade represents a 3.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $1,354,063.26. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 3,550 shares of company stock valued at $1,227,869 and have sold 665,271 shares valued at $225,464,248. 2.00% of the stock is owned by insiders.

Broadcom Price Performance

Shares of NASDAQ AVGO opened at $349.33 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. The stock has a fifty day moving average price of $327.73 and a 200 day moving average price of $269.24. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $374.23. The company has a market cap of $1.65 trillion, a PE ratio of 89.11, a P/E/G ratio of 1.97 and a beta of 1.20.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.03. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The firm had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.82 billion. During the same period last year, the company earned $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. Sell-side analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were issued a $0.59 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. Broadcom’s dividend payout ratio (DPR) is 60.20%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Sanford C. Bernstein increased their price objective on Broadcom from $295.00 to $400.00 and gave the company an “outperform” rating in a report on Friday, September 5th. JPMorgan Chase & Co. increased their price objective on Broadcom from $325.00 to $400.00 and gave the company an “overweight” rating in a report on Friday, September 5th. Evercore ISI increased their price objective on Broadcom from $342.00 to $403.00 and gave the company an “outperform” rating in a report on Wednesday. Piper Sandler increased their price objective on Broadcom from $315.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, September 5th. Finally, Argus increased their price objective on Broadcom from $285.00 to $375.00 and gave the company a “buy” rating in a report on Monday, September 8th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Broadcom has an average rating of “Buy” and a consensus target price of $372.33.

About Broadcom

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.