Orca Wealth Management LLC Sells 287 Shares of Broadcom Inc. $AVGO

Orca Wealth Management LLC reduced its position in Broadcom Inc. (NASDAQ:AVGO) by 1.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 16,779 shares of the semiconductor manufacturer’s stock after selling 287 shares during the quarter. Broadcom makes up approximately 3.9% of Orca Wealth Management LLC’s investment portfolio, making the stock its 8th biggest position. Orca Wealth Management LLC’s holdings in Broadcom were worth $4,625,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Sawyer & Company Inc raised its holdings in shares of Broadcom by 62.1% during the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 36 shares during the period. Legend Financial Advisors Inc. purchased a new stake in shares of Broadcom during the 2nd quarter valued at about $28,000. Maseco LLP purchased a new stake in shares of Broadcom during the 2nd quarter valued at about $34,000. PFS Partners LLC raised its holdings in shares of Broadcom by 38.4% during the 2nd quarter. PFS Partners LLC now owns 137 shares of the semiconductor manufacturer’s stock valued at $38,000 after buying an additional 38 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Broadcom during the 1st quarter valued at about $25,000. 76.43% of the stock is owned by institutional investors and hedge funds.

Broadcom Trading Down 5.9%

NASDAQ:AVGO opened at $324.63 on Friday. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $374.23. The firm has a market capitalization of $1.53 trillion, a P/E ratio of 82.81, a P/E/G ratio of 1.91 and a beta of 1.20. 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 business has a 50 day simple moving average of $322.64 and a 200 day simple moving average of $262.37.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.03. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The business had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.82 billion. During the same quarter in the previous year, the firm posted $1.24 EPS. The business’s revenue for the quarter was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. Equities research analysts predict that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

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

Insider Buying and Selling at Broadcom

In other Broadcom news, Director Henry Samueli sold 368,797 shares of the business’s stock in a transaction on Wednesday, September 24th. The stock was 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 owned 37,722,534 shares in the company, valued at approximately $12,746,821,463.94. The trade was a 0.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Charlie B. Kawwas sold 3,893 shares of the business’s stock in a transaction on 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 transaction, the insider owned 25,295 shares of the company’s stock, valued at $8,798,106.90. This trade represents a 13.34% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 3,550 shares of company stock worth $1,227,869 and have sold 666,071 shares worth $225,623,008. 2.00% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently commented on AVGO. Bank of America raised their target price on Broadcom from $300.00 to $400.00 and gave the company a “buy” rating in a report on Friday, September 5th. Argus raised their target price on Broadcom from $285.00 to $375.00 and gave the company a “buy” rating in a report on Monday, September 8th. Morgan Stanley raised their target price on Broadcom from $338.00 to $357.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. Benchmark upped their target price on Broadcom from $315.00 to $385.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Finally, Rosenblatt Securities upped their target price on Broadcom from $340.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $357.22.

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.