Vaughan Nelson Investment Management L.P. Sells 1,300 Shares of Broadcom Inc. $AVGO

Vaughan Nelson Investment Management L.P. lowered its position in Broadcom Inc. (NASDAQ:AVGO) by 0.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 251,150 shares of the semiconductor manufacturer’s stock after selling 1,300 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Broadcom were worth $69,229,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Fairvoy Private Wealth LLC grew its holdings in shares of Broadcom by 1.8% in the second quarter. Fairvoy Private Wealth LLC now owns 26,857 shares of the semiconductor manufacturer’s stock worth $7,403,000 after acquiring an additional 467 shares during the period. Curran Financial Partners LLC bought a new stake in shares of Broadcom in the second quarter worth $1,429,000. Consilium Wealth Advisory LLC grew its holdings in shares of Broadcom by 4.0% in the second quarter. Consilium Wealth Advisory LLC now owns 12,929 shares of the semiconductor manufacturer’s stock worth $3,564,000 after acquiring an additional 497 shares during the period. Clarity Capital Partners LLC bought a new stake in shares of Broadcom in the second quarter worth $245,000. Finally, Phraction Management LLC bought a new stake in shares of Broadcom in the second quarter worth $276,000. Institutional investors own 76.43% of the company’s stock.

Insider Buying and Selling

In related news, insider Charlie B. Kawwas sold 3,893 shares of the business’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total value of $1,354,063.26. Following the sale, the insider directly owned 25,295 shares in the company, valued at approximately $8,798,106.90. The trade was a 13.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Hock E. Tan sold 100,000 shares of the business’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $339.58, for a total value of $33,958,000.00. Following the completion of the sale, the chief executive officer owned 725,638 shares in the company, valued at $246,412,152.04. This represents a 12.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders bought 3,550 shares of company stock valued at $1,227,869 and sold 666,071 shares valued at $225,623,008. Corporate insiders own 2.00% of the company’s stock.

Broadcom Stock Performance

NASDAQ AVGO opened at $345.50 on Thursday. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. The firm has a market cap of $1.63 trillion, a price-to-earnings ratio of 88.14, a price-to-earnings-growth ratio of 1.86 and a beta of 1.20. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $374.23. The business has a 50-day moving average price of $320.89 and a 200-day moving average price of $260.37.

Broadcom (NASDAQ:AVGO) last posted its earnings results 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 for 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%.The firm’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities research analysts predict that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were given 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 payout ratio is currently 60.20%.

Analysts Set New Price Targets

AVGO has been the subject of several recent research reports. Citigroup boosted their price target on Broadcom from $315.00 to $350.00 and gave the company a “buy” rating in a report on Friday, September 5th. Wall Street Zen raised Broadcom from a “hold” rating to a “buy” rating in a report on Saturday, September 6th. KeyCorp reissued an “overweight” rating and set a $420.00 price target (up previously from $400.00) on shares of Broadcom in a report on Tuesday, September 30th. TD Cowen boosted their price target on Broadcom from $355.00 to $370.00 and gave the company a “buy” rating in a report on Friday, September 5th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $340.00 price target on shares of Broadcom in a report on Wednesday, August 13th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $357.22.

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.