Broadcom Inc. $AVGO Shares Sold by Optivise Advisory Services LLC

Optivise Advisory Services LLC cut its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 10.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,899 shares of the semiconductor manufacturer’s stock after selling 346 shares during the period. Optivise Advisory Services LLC’s holdings in Broadcom were worth $799,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northcape Wealth Management LLC boosted its stake in shares of Broadcom by 184.5% during the 2nd quarter. Northcape Wealth Management LLC now owns 11,561 shares of the semiconductor manufacturer’s stock worth $3,187,000 after acquiring an additional 7,497 shares in the last quarter. American Capital Advisory LLC raised its holdings in Broadcom by 4.2% in the 2nd quarter. American Capital Advisory LLC now owns 1,280 shares of the semiconductor manufacturer’s stock worth $353,000 after purchasing an additional 52 shares during the period. Marion Wealth Management raised its holdings in Broadcom by 15.4% in the 2nd quarter. Marion Wealth Management now owns 3,744 shares of the semiconductor manufacturer’s stock worth $1,032,000 after purchasing an additional 501 shares during the period. Connable Office Inc. boosted its position in Broadcom by 6.1% during the second quarter. Connable Office Inc. now owns 21,432 shares of the semiconductor manufacturer’s stock worth $5,908,000 after purchasing an additional 1,235 shares in the last quarter. Finally, Bridgewater Advisors Inc. grew its holdings in Broadcom by 5.9% in the second quarter. Bridgewater Advisors Inc. now owns 17,449 shares of the semiconductor manufacturer’s stock valued at $5,190,000 after purchasing an additional 979 shares during the period. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Insiders Place Their Bets

In other Broadcom news, CEO Hock E. Tan sold 100,000 shares of the company’s stock in a transaction on Tuesday, September 23rd. The stock was 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 directly owned 725,638 shares in the company, valued at $246,412,152.04. This represents a 12.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $124,620,194.27. Following the transaction, the director owned 37,722,534 shares in the company, valued at approximately $12,746,821,463.94. This represents a 0.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Over 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. 2.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AVGO. 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 note on Friday, September 5th. The Goldman Sachs Group restated a “buy” rating and set a $340.00 price objective on shares of Broadcom in a research report on Wednesday, August 13th. Oppenheimer reaffirmed an “outperform” rating and set a $360.00 price objective (up from $325.00) on shares of Broadcom in a report on Friday, September 5th. Piper Sandler boosted their target price on shares of Broadcom from $315.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, September 5th. Finally, Citigroup restated a “buy” rating and set a $415.00 price target (up previously from $350.00) on shares of Broadcom in a research report on Tuesday, October 14th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Broadcom presently has an average rating of “Buy” and a consensus price target of $372.52.

Broadcom Price Performance

Broadcom stock opened at $349.43 on Friday. The company has a fifty day simple moving average of $344.91 and a 200-day simple moving average of $289.00. The firm has a market capitalization of $1.65 trillion, a price-to-earnings ratio of 89.14, a PEG ratio of 1.43 and a beta of 1.19. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $386.48.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.03. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The firm had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. During the same period in the previous year, the business posted $1.24 earnings per share. Broadcom’s quarterly revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. On average, equities analysts anticipate 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 issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, September 22nd. Broadcom’s payout ratio is currently 60.20%.

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.