ZEGA Investments LLC Sells 1,244 Shares of Broadcom Inc. $AVGO

ZEGA Investments LLC trimmed its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 37.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,085 shares of the semiconductor manufacturer’s stock after selling 1,244 shares during the period. ZEGA Investments LLC’s holdings in Broadcom were worth $575,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of AVGO. Titan Global Capital Management USA LLC increased its stake in Broadcom by 67.5% in the 2nd quarter. Titan Global Capital Management USA LLC now owns 63,835 shares of the semiconductor manufacturer’s stock worth $17,596,000 after buying an additional 25,720 shares in the last quarter. AGF Management Ltd. boosted its stake in shares of Broadcom by 27.1% in the second quarter. AGF Management Ltd. now owns 2,328,813 shares of the semiconductor manufacturer’s stock worth $641,937,000 after acquiring an additional 495,959 shares during the period. Disciplined Investors L.L.C. grew its position in shares of Broadcom by 2.3% during the second quarter. Disciplined Investors L.L.C. now owns 2,335 shares of the semiconductor manufacturer’s stock worth $644,000 after purchasing an additional 53 shares in the last quarter. Summit Investment Advisors Inc. grew its position in shares of Broadcom by 1.5% during the first quarter. Summit Investment Advisors Inc. now owns 204,317 shares of the semiconductor manufacturer’s stock worth $34,209,000 after purchasing an additional 2,975 shares in the last quarter. Finally, Bensler LLC raised its stake in Broadcom by 18.5% during the 2nd quarter. Bensler LLC now owns 26,876 shares of the semiconductor manufacturer’s stock valued at $7,409,000 after purchasing an additional 4,196 shares during the period. Institutional investors own 76.43% of the company’s stock.

Broadcom Trading Down 1.8%

NASDAQ:AVGO opened at $351.96 on Wednesday. The firm has a 50-day simple moving average of $347.20 and a 200-day simple moving average of $292.95. Broadcom Inc. has a one year low of $138.10 and a one year high of $386.48. The firm has a market cap of $1.66 trillion, a P/E ratio of 89.79, a P/E/G ratio of 1.45 and a beta of 1.19. 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 issued its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, topping analysts’ consensus estimates 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%. Broadcom’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. Equities analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have commented on AVGO. Oppenheimer reissued an “outperform” rating and set a $360.00 price objective (up previously from $325.00) on shares of Broadcom in a report on Friday, September 5th. Truist Financial upped their price objective on Broadcom from $295.00 to $365.00 and gave the company a “buy” rating in a research report on Friday, September 5th. UBS Group set a $415.00 price objective on Broadcom and gave the company a “buy” rating in a research note on Tuesday, October 14th. JPMorgan Chase & Co. increased their price target on Broadcom from $325.00 to $400.00 and gave the company an “overweight” rating in a report on Friday, September 5th. Finally, Weiss Ratings downgraded Broadcom from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Broadcom currently has a consensus rating of “Buy” and an average price target of $372.52.

Insiders Place Their Bets

In related news, Director Justine Page sold 800 shares of the business’s stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $350.15, for a total transaction of $280,120.00. Following the completion of the transaction, the director owned 22,182 shares in the company, valued at $7,767,027.30. The trade was a 3.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mark David Brazeal sold 16,558 shares of the stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following 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. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders purchased 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 currently owned by corporate insiders.

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.