Broadcom Inc. $AVGO Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. cut its position in Broadcom Inc. (NASDAQ:AVGO) by 9.1% during the second quarter, Holdings Channel.com reports. The institutional investor owned 121,372 shares of the semiconductor manufacturer’s stock after selling 12,160 shares during the quarter. Broadcom accounts for 1.6% of Moors & Cabot Inc.’s investment portfolio, making the stock its 7th largest holding. Moors & Cabot Inc.’s holdings in Broadcom were worth $33,456,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of AVGO. Brighton Jones LLC increased its stake in shares of Broadcom by 21.8% in the fourth quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock valued at $6,882,000 after buying an additional 5,322 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in Broadcom by 10.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock worth $1,854,000 after buying an additional 756 shares in the last quarter. Emerald Mutual Fund Advisers Trust grew its holdings in Broadcom by 4.4% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 3,782 shares of the semiconductor manufacturer’s stock worth $633,000 after acquiring an additional 159 shares during the last quarter. Platform Technology Partners increased its position in Broadcom by 3.7% in the 1st quarter. Platform Technology Partners now owns 2,880 shares of the semiconductor manufacturer’s stock valued at $482,000 after acquiring an additional 102 shares in the last quarter. Finally, Financial Security Advisor Inc. raised its stake in shares of Broadcom by 1.0% in the first quarter. Financial Security Advisor Inc. now owns 5,584 shares of the semiconductor manufacturer’s stock worth $935,000 after acquiring an additional 56 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

Insider Buying and Selling

In other news, CEO Hock E. Tan sold 100,000 shares of Broadcom 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 transaction, the chief executive officer directly owned 725,638 shares of the company’s stock, valued at $246,412,152.04. This trade represents a 12.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Henry Samueli sold 368,797 shares of the business’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 $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. In the last quarter, insiders acquired 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.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Weiss Ratings cut shares of Broadcom from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Truist Financial lifted their target price on Broadcom from $295.00 to $365.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Bank of America boosted their target price on Broadcom from $300.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Benchmark raised their price target on Broadcom from $315.00 to $385.00 and gave the company a “buy” rating in a report on Friday, September 5th. Finally, UBS Group set a $415.00 price objective on Broadcom and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Broadcom has an average rating of “Buy” and an average price target of $372.52.

Broadcom Trading Down 1.7%

NASDAQ:AVGO opened at $349.43 on Monday. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $386.48. The firm has a market capitalization of $1.65 trillion, a price-to-earnings ratio of 89.14, a PEG ratio of 1.41 and a beta of 1.19. The business’s 50-day moving average price is $344.91 and its two-hundred day moving average price is $290.63.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.03. The company had revenue of $15.95 billion during the quarter, compared to analysts’ expectations of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.Broadcom’s revenue was up 22.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. On average, equities analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The company also recently announced 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 dividend payout ratio is presently 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.