IFC Advisors LLC Has $4.18 Million Holdings in Broadcom Inc. $AVGO

IFC Advisors LLC cut its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 3.0% in the second quarter, Holdings Channel reports. The firm owned 15,153 shares of the semiconductor manufacturer’s stock after selling 463 shares during the quarter. Broadcom accounts for approximately 0.8% of IFC Advisors LLC’s holdings, making the stock its 23rd biggest holding. IFC Advisors LLC’s holdings in Broadcom were worth $4,177,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in AVGO. Nuveen LLC acquired a new stake in shares of Broadcom during the first quarter worth $6,649,117,000. Price T Rowe Associates Inc. MD grew its stake in Broadcom by 37.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer’s stock valued at $10,968,270,000 after acquiring an additional 17,985,046 shares during the period. Goldman Sachs Group Inc. grew its stake in Broadcom by 16.7% in the first quarter. Goldman Sachs Group Inc. now owns 31,854,414 shares of the semiconductor manufacturer’s stock valued at $5,333,384,000 after acquiring an additional 4,550,647 shares during the period. Deutsche Bank AG grew its stake in Broadcom by 36.9% in the first quarter. Deutsche Bank AG now owns 15,758,895 shares of the semiconductor manufacturer’s stock valued at $2,638,512,000 after acquiring an additional 4,245,345 shares during the period. Finally, Alliancebernstein L.P. grew its stake in Broadcom by 16.0% in the first quarter. Alliancebernstein L.P. now owns 29,513,814 shares of the semiconductor manufacturer’s stock valued at $4,941,498,000 after acquiring an additional 4,077,910 shares during the period. 76.43% of the stock is owned by institutional investors and hedge funds.

Broadcom Stock Performance

Shares of Broadcom stock opened at $349.24 on Tuesday. The firm has a market cap of $1.65 trillion, a price-to-earnings ratio of 89.09, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20. The stock’s 50-day moving average is $328.64 and its 200-day moving average is $271.47. Broadcom Inc. has a one year low of $138.10 and a one year high of $374.23. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37.

Broadcom (NASDAQ:AVGO) last released its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) 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 business had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. During the same quarter in the prior year, the company posted $1.24 earnings per share. Broadcom’s revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. Equities analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, September 22nd. Broadcom’s dividend payout ratio is presently 60.20%.

Analyst Ratings Changes

AVGO has been the subject of a number of research analyst reports. KeyCorp set a $460.00 target price on Broadcom in a research note on Monday, October 13th. Sanford C. Bernstein boosted their target price on Broadcom from $295.00 to $400.00 and gave the company an “outperform” rating in a research note on Friday, September 5th. Bank of America boosted their target price on Broadcom from $300.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, September 5th. The Goldman Sachs Group reissued a “buy” rating and issued a $340.00 target price on shares of Broadcom in a research note on Wednesday, August 13th. Finally, Citigroup reissued 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 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. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $372.33.

Insider Buying and Selling at Broadcom

In related news, Director Justine Page sold 800 shares of the company’s stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $350.15, for a total transaction of $280,120.00. Following the sale, the director owned 22,182 shares in the company, valued at approximately $7,767,027.30. This represents a 3.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Mark David Brazeal sold 16,558 shares of the company’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total value of $5,755,726.38. Following the sale, the insider owned 329,302 shares in the company, valued at $114,468,668.22. The trade was a 4.79% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 3,550 shares of company stock valued at $1,227,869 and have sold 665,271 shares valued at $225,464,248. Insiders own 2.00% of the company’s stock.

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.