Broadcom Inc. $AVGO Shares Sold by Acorn Creek Capital LLC

Acorn Creek Capital LLC trimmed its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 2.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,124 shares of the semiconductor manufacturer’s stock after selling 66 shares during the period. Broadcom makes up approximately 0.4% of Acorn Creek Capital LLC’s investment portfolio, making the stock its 23rd largest holding. Acorn Creek Capital LLC’s holdings in Broadcom were worth $861,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of AVGO. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Broadcom during the first quarter valued at $25,000. Cheviot Value Management LLC acquired a new position in shares of Broadcom during the first quarter valued at $25,000. Inlight Wealth Management LLC acquired a new position in shares of Broadcom during the first quarter valued at $26,000. Sawyer & Company Inc increased its holdings in shares of Broadcom by 62.1% during the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 36 shares during the period. Finally, Legend Financial Advisors Inc. acquired a new position in shares of Broadcom during the second quarter valued at $28,000. 76.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on AVGO shares. Wells Fargo & Company raised their target price on Broadcom from $255.00 to $345.00 and gave the company an “equal weight” rating in a research note on Friday, September 5th. Sanford C. Bernstein raised their target price on Broadcom from $295.00 to $400.00 and gave the company an “outperform” rating in a research note on Friday, September 5th. Bank of America raised their target price on Broadcom from $300.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Morgan Stanley set a $409.00 target price on Broadcom and gave the company an “overweight” rating in a research note on Tuesday. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $360.00 target price (up previously from $325.00) on shares of Broadcom in a research note on Friday, September 5th. Three investment 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, Broadcom currently has a consensus rating of “Buy” and an average target price of $372.33.

Broadcom Trading Down 1.4%

NASDAQ:AVGO opened at $349.33 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.50 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 $374.23. The firm has a market capitalization of $1.65 trillion, a price-to-earnings ratio of 89.11, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20. The stock has a fifty day simple moving average of $327.73 and a 200 day simple moving average of $269.24.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share 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 last year, the company posted $1.24 EPS. Broadcom’s revenue for the quarter was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. Sell-side analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

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

Insiders Place Their Bets

In related news, CFO Kirsten M. Spears sold 7,498 shares of the stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total value of $2,606,754.68. Following the completion of the sale, the chief financial officer directly owned 313,330 shares of the company’s stock, valued at approximately $108,932,307.80. This represents a 2.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Hock E. Tan sold 148,154 shares of the stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $336.67, for a total value of $49,879,007.18. Following the completion of the sale, the chief executive officer directly owned 825,998 shares of the company’s stock, valued at approximately $278,088,746.66. This represents a 15.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,464,248. Company insiders own 2.00% of the company’s stock.

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.