Bolthouse Investments LLC Cuts Position in Broadcom Inc. $AVGO

Bolthouse Investments LLC lowered its stake in Broadcom Inc. (NASDAQ:AVGO) by 8.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,430 shares of the semiconductor manufacturer’s stock after selling 1,082 shares during the quarter. Broadcom accounts for approximately 3.3% of Bolthouse Investments LLC’s portfolio, making the stock its 7th largest position. Bolthouse Investments LLC’s holdings in Broadcom were worth $3,426,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of Broadcom by 21.8% during the 4th quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock worth $6,882,000 after purchasing an additional 5,322 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in Broadcom by 10.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock worth $1,854,000 after buying an additional 756 shares during the period. Golden State Wealth Management LLC boosted its holdings in Broadcom by 6.4% in the first quarter. Golden State Wealth Management LLC now owns 15,852 shares of the semiconductor manufacturer’s stock worth $2,654,000 after acquiring an additional 954 shares in the last quarter. Sebold Capital Management Inc. boosted its holdings in Broadcom by 72.5% in the first quarter. Sebold Capital Management Inc. now owns 1,742 shares of the semiconductor manufacturer’s stock worth $292,000 after acquiring an additional 732 shares in the last quarter. Finally, Clark Asset Management LLC grew its stake in Broadcom by 33.6% in the first quarter. Clark Asset Management LLC now owns 2,131 shares of the semiconductor manufacturer’s stock valued at $357,000 after acquiring an additional 536 shares during the period. 76.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on AVGO shares. Wells Fargo & Company upped their target price on Broadcom from $255.00 to $345.00 and gave the stock an “equal weight” rating in a research report on Friday, September 5th. JPMorgan Chase & Co. upped their price objective on shares of Broadcom from $325.00 to $400.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. Argus raised their price objective on shares of Broadcom from $285.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, September 8th. Deutsche Bank Aktiengesellschaft set a $400.00 target price on shares of Broadcom and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Finally, Wall Street Zen lowered shares of Broadcom from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Three analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $372.52.

Broadcom Stock Performance

Shares of AVGO stock opened at $369.63 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 firm has a 50-day moving average of $339.31 and a 200-day moving average of $282.63. Broadcom Inc. has a one year low of $138.10 and a one year high of $386.48. The company has a market cap of $1.75 trillion, a P/E ratio of 94.29, a P/E/G ratio of 2.12 and a beta of 1.20.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.03. The business 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 firm’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Equities research analysts forecast that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.36 annualized dividend and a dividend yield of 0.6%. Broadcom’s dividend payout ratio is currently 60.20%.

Insider Activity at Broadcom

In related news, Director Henry Samueli sold 368,797 shares of Broadcom stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the sale, the director directly owned 37,722,534 shares in the company, valued at approximately $12,746,821,463.94. This trade represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mark David Brazeal sold 16,558 shares of the business’s stock in a transaction on 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 completion of the transaction, the insider directly owned 329,302 shares in the company, valued at approximately $114,468,668.22. This represents a 4.79% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders bought 3,550 shares of company stock valued at $1,227,869 and sold 665,271 shares valued at $225,464,248. Insiders own 2.00% of the company’s stock.

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.