Rosenberg Matthew Hamilton Sells 451 Shares of Broadcom Inc. $AVGO

Rosenberg Matthew Hamilton trimmed its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 7.6% during the second quarter, HoldingsChannel reports. The firm owned 5,497 shares of the semiconductor manufacturer’s stock after selling 451 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Broadcom were worth $1,515,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Deroy & Devereaux Private Investment Counsel Inc. bought a new position in shares of Broadcom during the second quarter worth $498,000. Dock Street Asset Management Inc. lifted its position in Broadcom by 0.4% in the 2nd quarter. Dock Street Asset Management Inc. now owns 73,576 shares of the semiconductor manufacturer’s stock valued at $20,281,000 after acquiring an additional 281 shares in the last quarter. Mutual Advisors LLC lifted its position in Broadcom by 1.7% in the 2nd quarter. Mutual Advisors LLC now owns 62,219 shares of the semiconductor manufacturer’s stock valued at $18,055,000 after acquiring an additional 1,035 shares in the last quarter. Essex LLC lifted its position in Broadcom by 12.0% in the 2nd quarter. Essex LLC now owns 3,142 shares of the semiconductor manufacturer’s stock valued at $866,000 after acquiring an additional 336 shares in the last quarter. Finally, Tuttle Capital Management LLC bought a new stake in Broadcom in the 2nd quarter valued at $651,000. 76.43% of the stock is owned by institutional investors.

Broadcom Trading Down 1.9%

Shares of NASDAQ:AVGO opened at $342.66 on Wednesday. The company’s 50-day moving average price is $329.23 and its two-hundred day moving average price is $271.96. 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 Inc. has a one year low of $138.10 and a one year high of $374.23. The stock has a market capitalization of $1.62 trillion, a PE ratio of 87.41, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20.

Broadcom (NASDAQ:AVGO) last issued its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.03. The company had revenue of $15.95 billion for the quarter, compared to analysts’ expectations of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. Broadcom’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. On average, equities analysts forecast that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on AVGO. Deutsche Bank Aktiengesellschaft set a $400.00 price objective on shares of Broadcom and gave the company a “buy” rating in a research report on Tuesday, October 14th. JPMorgan Chase & Co. boosted their price objective on shares of Broadcom from $325.00 to $400.00 and gave the company an “overweight” rating in a research report on Friday, September 5th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $340.00 price objective on shares of Broadcom in a research report on Wednesday, August 13th. KeyCorp set a $460.00 price objective on shares of Broadcom in a research report on Monday, October 13th. Finally, HSBC raised shares of Broadcom from a “hold” rating to a “buy” rating and set a $400.00 price target on the stock in a research report on Tuesday, June 24th. Three 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 company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $372.52.

Insider Buying and Selling

In other news, insider Charlie B. Kawwas sold 3,893 shares of the company’s stock in a transaction dated 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 sale, the insider directly owned 25,295 shares of the company’s stock, valued at approximately $8,798,106.90. This represents a 13.34% decrease in their position. The sale was disclosed in a document filed 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 dated Wednesday, September 24th. The shares were sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the completion of the sale, the director directly owned 37,722,534 shares in the company, valued at approximately $12,746,821,463.94. The trade was a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,464,248. 2.00% of the stock is owned by company 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.