Broadcom Inc. $AVGO Shares Sold by Texas Bank & Trust Co

Texas Bank & Trust Co reduced its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 3.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,920 shares of the semiconductor manufacturer’s stock after selling 280 shares during the quarter. Texas Bank & Trust Co’s holdings in Broadcom were worth $1,907,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in AVGO. Cheviot Value Management LLC purchased a new position in Broadcom in the first quarter valued at approximately $25,000. Sawyer & Company Inc boosted its holdings in shares of Broadcom by 62.1% in the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 36 shares in the last quarter. Legend Financial Advisors Inc. purchased a new position in shares of Broadcom in the 2nd quarter valued at $28,000. LGT Financial Advisors LLC purchased a new position in shares of Broadcom in the 2nd quarter valued at $31,000. Finally, Greenline Partners LLC acquired a new stake in Broadcom during the 1st quarter worth $33,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Insider Buying and Selling

In other news, CFO Kirsten M. Spears sold 7,498 shares of the firm’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.66, for a total value of $2,606,754.68. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Hock E. Tan sold 148,154 shares of Broadcom stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $336.67, for a total transaction of $49,879,007.18. Following the completion of the sale, the chief executive officer directly owned 825,998 shares in the company, valued at approximately $278,088,746.66. The trade was a 15.21% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders acquired 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 corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AVGO. Arete Research upgraded shares of Broadcom to a “strong-buy” rating in a research note on Monday, July 28th. Macquarie assumed coverage on Broadcom in a report on Monday, September 15th. They issued an “outperform” rating and a $420.00 target price for the company. Argus upped their target price on Broadcom from $285.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, September 8th. Benchmark lifted their price target on Broadcom from $315.00 to $385.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Finally, Citigroup reiterated a “buy” rating and issued a $415.00 price objective (up previously from $350.00) on shares of Broadcom in a research note on Tuesday, October 14th. Three 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 company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $372.52.

Broadcom Stock Performance

Shares of AVGO stock opened at $349.43 on Friday. The stock’s 50-day moving average price is $344.91 and its 200 day moving average price is $289.00. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $1.65 trillion, a PE ratio of 89.14, a price-to-earnings-growth ratio of 1.43 and a beta of 1.19. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $386.48.

Broadcom (NASDAQ:AVGO) last announced 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 the consensus estimate of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The company’s revenue was up 22.0% on a year-over-year basis. During the same period last year, the business posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities research analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

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

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.