Hartline Investment Corp Cuts Stock Position in Broadcom Inc. $AVGO

Hartline Investment Corp lessened its holdings in Broadcom Inc. (NASDAQ:AVGO) by 2.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,394 shares of the semiconductor manufacturer’s stock after selling 150 shares during the period. Hartline Investment Corp’s holdings in Broadcom were worth $1,487,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Nicholson Wealth Management Group LLC raised its stake in shares of Broadcom by 2.0% in the 2nd quarter. Nicholson Wealth Management Group LLC now owns 8,339 shares of the semiconductor manufacturer’s stock valued at $2,299,000 after acquiring an additional 167 shares during the period. Chevy Chase Trust Holdings LLC raised its stake in shares of Broadcom by 1.5% in the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 2,776,951 shares of the semiconductor manufacturer’s stock valued at $765,467,000 after acquiring an additional 39,709 shares during the period. Arista Wealth Management LLC purchased a new position in shares of Broadcom in the 2nd quarter valued at $7,502,000. Stratos Wealth Partners LTD. raised its stake in shares of Broadcom by 11.2% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 212,859 shares of the semiconductor manufacturer’s stock valued at $58,675,000 after acquiring an additional 21,427 shares during the period. Finally, Stratos Wealth Advisors LLC raised its stake in shares of Broadcom by 8.0% in the 2nd quarter. Stratos Wealth Advisors LLC now owns 8,352 shares of the semiconductor manufacturer’s stock valued at $2,302,000 after acquiring an additional 619 shares during the period. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Insider Buying and Selling

In other news, CEO Hock E. Tan sold 100,000 shares of the business’s stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $339.58, for a total value of $33,958,000.00. Following the completion of the sale, the chief executive officer owned 725,638 shares of the company’s stock, valued at approximately $246,412,152.04. The trade was a 12.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark David Brazeal sold 16,558 shares of the business’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the completion of the sale, the insider directly owned 329,302 shares of the company’s stock, 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 three months, insiders have purchased 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,464,248. Company insiders own 2.00% of the company’s stock.

Broadcom Price Performance

AVGO opened at $344.29 on Friday. The company has a 50-day moving average of $330.52 and a 200-day moving average of $273.74. The company has a market capitalization of $1.63 trillion, a P/E ratio of 87.83, a PEG ratio of 1.92 and a beta of 1.20. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $374.23. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50.

Broadcom (NASDAQ:AVGO) last released its 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. 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 revenue was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Equities analysts expect that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Oppenheimer reaffirmed an “outperform” rating and set a $360.00 price target (up previously from $325.00) on shares of Broadcom in a research note on Friday, September 5th. Wells Fargo & Company lifted their price target on shares of Broadcom from $255.00 to $345.00 and gave the stock an “equal weight” rating in a research note on Friday, September 5th. Argus lifted their price target on shares of Broadcom from $285.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, September 8th. Wall Street Zen raised shares of Broadcom from a “hold” rating to a “buy” rating in a research note on Saturday, September 6th. Finally, Benchmark lifted their price target on shares of Broadcom from $315.00 to $385.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $372.52.

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.