Frank Rimerman Advisors LLC Has $18.50 Million Stock Position in Broadcom Inc. $AVGO

Frank Rimerman Advisors LLC reduced its stake in Broadcom Inc. (NASDAQ:AVGO) by 8.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 67,114 shares of the semiconductor manufacturer’s stock after selling 6,104 shares during the period. Broadcom accounts for approximately 1.2% of Frank Rimerman Advisors LLC’s holdings, making the stock its 14th largest holding. Frank Rimerman Advisors LLC’s holdings in Broadcom were worth $18,500,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Sawyer & Company Inc grew its position in shares of Broadcom by 62.1% during the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 36 shares during the period. Legend Financial Advisors Inc. bought a new position in Broadcom during the 2nd quarter worth approximately $28,000. LGT Financial Advisors LLC bought a new position in Broadcom during the 2nd quarter worth approximately $31,000. New England Capital Financial Advisors LLC acquired a new position in Broadcom during the second quarter valued at approximately $31,000. Finally, Maseco LLP bought a new stake in Broadcom in the second quarter valued at approximately $34,000. Institutional investors own 76.43% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Hock E. Tan sold 100,000 shares of the stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $339.58, for a total transaction of $33,958,000.00. Following the completion of the transaction, the chief executive officer owned 725,638 shares in the company, valued at approximately $246,412,152.04. This represents a 12.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Henry Samueli sold 368,797 shares of the firm’s stock in a transaction 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 completion of the transaction, the director directly owned 37,722,534 shares of the company’s stock, valued at approximately $12,746,821,463.94. This trade represents a 0.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have purchased 3,550 shares of company stock valued at $1,227,869 and have sold 665,271 shares valued at $225,483,192. Company insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

AVGO has been the subject of several research analyst reports. Macquarie started coverage on shares of Broadcom in a report on Monday, September 15th. They issued an “outperform” rating and a $420.00 price target for the company. Benchmark lifted their target price on Broadcom from $315.00 to $385.00 and gave the stock a “buy” rating in a report on Friday, September 5th. TD Cowen boosted their target price on Broadcom from $355.00 to $370.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Argus raised their price target on Broadcom from $285.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, September 8th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Broadcom in a research report on Thursday, November 13th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $372.52.

Broadcom Stock Performance

Shares of Broadcom stock opened at $354.42 on Thursday. 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 market cap of $1.67 trillion, a price-to-earnings ratio of 90.41, a price-to-earnings-growth ratio of 1.17 and a beta of 1.19. The stock’s 50-day moving average is $348.80 and its 200-day moving average is $298.58. Broadcom Inc. has a one year low of $138.10 and a one year high of $386.48.

Broadcom (NASDAQ:AVGO) last posted 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 return on equity of 36.60% and a net margin of 31.59%.Broadcom’s quarterly revenue was up 22.0% on a year-over-year basis. During the same period last year, the company earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. Equities analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The firm also recently disclosed 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 was Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. Broadcom’s dividend payout ratio (DPR) 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.