Mason & Associates Inc Decreases Position in Broadcom Inc. $AVGO

Mason & Associates Inc lessened its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 0.8% in the 2nd quarter, Holdings Channel reports. The fund owned 6,054 shares of the semiconductor manufacturer’s stock after selling 51 shares during the quarter. Mason & Associates Inc’s holdings in Broadcom were worth $1,669,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. PARUS FINANCE UK Ltd raised its position in Broadcom by 175.3% in the first quarter. PARUS FINANCE UK Ltd now owns 100,578 shares of the semiconductor manufacturer’s stock valued at $16,840,000 after purchasing an additional 64,038 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of Broadcom by 27.9% in 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 period. Ethic Inc. raised its holdings in shares of Broadcom by 1.6% in the 2nd quarter. Ethic Inc. now owns 329,339 shares of the semiconductor manufacturer’s stock valued at $88,708,000 after buying an additional 5,249 shares during the period. Asio Capital LLC lifted its stake in Broadcom by 2.0% during the 2nd quarter. Asio Capital LLC now owns 54,459 shares of the semiconductor manufacturer’s stock worth $15,012,000 after acquiring an additional 1,089 shares in the last quarter. Finally, Jacobsen Capital Management grew its position in Broadcom by 11.1% in the 2nd quarter. Jacobsen Capital Management now owns 9,248 shares of the semiconductor manufacturer’s stock valued at $2,549,000 after acquiring an additional 926 shares in the last quarter. 76.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on AVGO. The Goldman Sachs Group reissued a “buy” rating and issued a $340.00 price target on shares of Broadcom in a research report on Wednesday, August 13th. Wall Street Zen lowered Broadcom from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. TD Cowen upped their price target on Broadcom from $355.00 to $370.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Macquarie started coverage on Broadcom in a research report on Monday, September 15th. They issued an “outperform” rating and a $420.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on Broadcom from $325.00 to $400.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. Three research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $372.52.

Insider Activity at Broadcom

In other Broadcom news, Director Henry Samueli sold 368,797 shares of the stock in a transaction that occurred on 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 transaction, the director owned 37,722,534 shares of the company’s stock, valued at $12,746,821,463.94. This trade represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kirsten M. Spears sold 7,498 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total value of $2,606,754.68. Following the completion of the transaction, the chief financial officer owned 313,330 shares in the company, valued at approximately $108,932,307.80. This trade represents a 2.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have acquired 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,464,248. 2.00% of the stock is owned by insiders.

Broadcom Trading Down 2.5%

Shares of AVGO opened at $376.47 on Friday. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $386.48. The firm has a market capitalization of $1.78 trillion, a P/E ratio of 96.04, a PEG ratio of 2.17 and a beta of 1.20. The firm’s 50-day moving average is $337.79 and its two-hundred day moving average is $281.31. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86.

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

Broadcom Dividend Announcement

The firm also recently declared 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 was Monday, September 22nd. This represents a $2.36 annualized dividend and a yield of 0.6%. Broadcom’s payout ratio is 60.20%.

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.