Sulzberger Capital Advisors Inc. Sells 242 Shares of Broadcom Inc. $AVGO

Sulzberger Capital Advisors Inc. reduced its position in Broadcom Inc. (NASDAQ:AVGO) by 4.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 5,461 shares of the semiconductor manufacturer’s stock after selling 242 shares during the period. Broadcom comprises 1.8% of Sulzberger Capital Advisors Inc.’s holdings, making the stock its 15th largest position. Sulzberger Capital Advisors Inc.’s holdings in Broadcom were worth $1,505,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Sunburst Financial Group LLC raised its stake in Broadcom by 11.8% in the second quarter. Sunburst Financial Group LLC now owns 1,901 shares of the semiconductor manufacturer’s stock valued at $524,000 after buying an additional 201 shares during the period. Cassaday & Co Wealth Management LLC boosted its stake in shares of Broadcom by 2.2% during the 2nd quarter. Cassaday & Co Wealth Management LLC now owns 5,905 shares of the semiconductor manufacturer’s stock worth $1,628,000 after acquiring an additional 125 shares during the period. Rockline Wealth Management LLC increased its holdings in shares of Broadcom by 2.4% during the 2nd quarter. Rockline Wealth Management LLC now owns 44,866 shares of the semiconductor manufacturer’s stock worth $12,367,000 after acquiring an additional 1,057 shares during the last quarter. Elyxium Wealth LLC raised its stake in Broadcom by 2.1% in the 2nd quarter. Elyxium Wealth LLC now owns 16,037 shares of the semiconductor manufacturer’s stock valued at $4,421,000 after acquiring an additional 323 shares during the period. Finally, Prosperity Consulting Group LLC lifted its holdings in Broadcom by 1.1% during the 2nd quarter. Prosperity Consulting Group LLC now owns 48,896 shares of the semiconductor manufacturer’s stock valued at $13,478,000 after purchasing an additional 538 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

Broadcom Stock Down 1.7%

NASDAQ AVGO opened at $349.43 on Friday. The company has a market cap of $1.65 trillion, a price-to-earnings ratio of 89.14, a PEG ratio of 1.41 and a beta of 1.19. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $386.48. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. The company has a 50 day moving average of $344.91 and a 200-day moving average of $289.83.

Broadcom (NASDAQ:AVGO) last posted 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 firm had revenue of $15.95 billion for the quarter, compared to analyst estimates 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 quarter last year, the company earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. On average, equities research analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

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

Insider Buying and Selling at Broadcom

In other Broadcom news, Director Justine Page sold 800 shares of the firm’s stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $350.15, for a total value of $280,120.00. Following the transaction, the director directly owned 22,182 shares of the company’s stock, valued at $7,767,027.30. This trade represents a 3.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Hock E. Tan sold 100,000 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $246,412,152.04. The trade was a 12.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have purchased 3,550 shares of company stock valued at $1,227,869 and have sold 665,271 shares valued at $225,464,248. 2.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AVGO shares. Oppenheimer reissued an “outperform” rating and issued a $360.00 price objective (up from $325.00) on shares of Broadcom in a research report on Friday, September 5th. Truist Financial increased their price target on shares of Broadcom from $295.00 to $365.00 and gave the company a “buy” rating in a report on Friday, September 5th. Bank of America raised their price objective on shares of Broadcom from $300.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Citigroup reaffirmed a “buy” rating and issued a $415.00 target price (up previously from $350.00) on shares of Broadcom in a research report on Tuesday, October 14th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $340.00 target price on shares of Broadcom in a research note on Wednesday, August 13th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $372.52.

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.