Broadcom Inc. $AVGO Shares Sold by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. trimmed its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 18.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,339,117 shares of the semiconductor manufacturer’s stock after selling 964,918 shares during the period. Broadcom comprises 3.7% of Bahl & Gaynor Inc.’s holdings, making the stock its 2nd largest position. Bahl & Gaynor Inc.’s holdings in Broadcom were worth $726,498,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Broadcom during the 1st quarter worth about $25,000. Cheviot Value Management LLC acquired a new position in shares of Broadcom during the 1st quarter worth about $25,000. Inlight Wealth Management LLC acquired a new position in shares of Broadcom during the 1st quarter worth about $26,000. Sunbeam Capital Management LLC acquired a new position in shares of Broadcom during the 4th quarter worth about $28,000. Finally, Vermillion Wealth Management Inc. acquired a new position in shares of Broadcom during the 4th quarter worth about $30,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom Trading Up 1.5%

Shares of AVGO stock opened at $294.00 on Friday. The firm has a 50 day moving average price of $282.85 and a two-hundred day moving average price of $232.33. The company has a quick ratio of 0.98, a current ratio of 1.08 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $1.38 trillion, a PE ratio of 110.11, a price-to-earnings-growth ratio of 2.06 and a beta of 1.15. Broadcom Inc. has a 12-month low of $134.90 and a 12-month high of $317.35.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Thursday, June 5th. The semiconductor manufacturer reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.01. The firm had revenue of $15 billion during the quarter, compared to the consensus estimate of $14.98 billion. Broadcom had a net margin of 22.64% and a return on equity of 35.49%. The business’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same period last year, the business posted $10.96 earnings per share. Broadcom has set its Q3 2025 guidance at EPS. As a group, analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 20th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, June 20th. Broadcom’s payout ratio is presently 88.39%.

Insider Buying and Selling

In other news, CFO Kirsten M. Spears sold 36,350 shares of Broadcom stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $261.27, for a total value of $9,497,164.50. Following the completion of the sale, the chief financial officer directly owned 325,587 shares in the company, valued at approximately $85,066,115.49. The trade was a 10.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gayla J. Delly sold 3,000 shares of Broadcom stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $265.13, for a total transaction of $795,390.00. Following the completion of the sale, the director owned 33,352 shares of the company’s stock, valued at approximately $8,842,615.76. The trade was a 8.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 830,516 shares of company stock valued at $217,286,457 in the last quarter. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

AVGO has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Broadcom from a “hold” rating to a “buy” rating in a research note on Sunday, August 17th. Seaport Res Ptn upgraded shares of Broadcom to a “strong-buy” rating in a research note on Wednesday, April 30th. Cowen reiterated a “buy” rating on shares of Broadcom in a research note on Friday, June 6th. UBS Group raised their target price on shares of Broadcom from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, June 6th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $300.00 target price on shares of Broadcom in a research note on Friday, June 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $298.67.

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.