Broadcom Inc. $AVGO Shares Sold by Heartland Bank & Trust Co

Heartland Bank & Trust Co lowered its stake in Broadcom Inc. (NASDAQ:AVGO) by 1.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 14,781 shares of the semiconductor manufacturer’s stock after selling 265 shares during the quarter. Broadcom comprises about 1.9% of Heartland Bank & Trust Co’s investment portfolio, making the stock its 9th biggest position. Heartland Bank & Trust Co’s holdings in Broadcom were worth $4,074,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. NorthRock Partners LLC increased its position in shares of Broadcom by 14.5% during the second quarter. NorthRock Partners LLC now owns 56,815 shares of the semiconductor manufacturer’s stock valued at $15,659,000 after acquiring an additional 7,177 shares during the last quarter. Verdence Capital Advisors LLC boosted its position in shares of Broadcom by 15.4% during the 2nd quarter. Verdence Capital Advisors LLC now owns 94,172 shares of the semiconductor manufacturer’s stock worth $25,958,000 after purchasing an additional 12,575 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in Broadcom by 10.7% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 240,924 shares of the semiconductor manufacturer’s stock valued at $66,411,000 after purchasing an additional 23,382 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Broadcom by 1.0% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 406,447 shares of the semiconductor manufacturer’s stock valued at $112,037,000 after purchasing an additional 4,100 shares during the last quarter. Finally, Concord Asset Management LLC VA raised its position in Broadcom by 5.0% in the second quarter. Concord Asset Management LLC VA now owns 31,261 shares of the semiconductor manufacturer’s stock valued at $8,617,000 after purchasing an additional 1,476 shares during the period. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom Stock Performance

Shares of AVGO opened at $349.33 on Monday. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $374.23. The stock has a market capitalization of $1.65 trillion, a PE ratio of 89.11, a PEG ratio of 1.97 and a beta of 1.20. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. The stock has a 50-day simple moving average of $327.73 and a 200-day simple moving average of $270.05.

Broadcom (NASDAQ:AVGO) last issued its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.03. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The firm had revenue of $15.95 billion for the quarter, compared to analysts’ expectations of $15.82 billion. During the same quarter last year, the company earned $1.24 earnings per share. The firm’s revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. On average, analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently commented on the company. The Goldman Sachs Group restated a “buy” rating and set a $340.00 price target on shares of Broadcom in a research report on Wednesday, August 13th. Barclays set a $450.00 target price on Broadcom and gave the company an “overweight” rating in a report on Tuesday, October 14th. Sanford C. Bernstein boosted their price target on shares of Broadcom from $295.00 to $400.00 and gave the stock an “outperform” rating in a research note on Friday, September 5th. Argus increased their price target on shares of Broadcom from $285.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, September 8th. Finally, Oppenheimer restated an “outperform” rating and issued a $360.00 price objective (up previously from $325.00) on shares of Broadcom in a report on Friday, September 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $372.33.

Insider Activity

In related news, insider Charlie B. Kawwas sold 3,893 shares of the 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 represents a 13.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Hock E. Tan sold 148,154 shares of the firm’s stock in a transaction on Wednesday, September 10th. The shares were 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 owned 825,998 shares in the company, 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. In the last quarter, insiders have acquired 3,550 shares of company stock valued at $1,227,869 and have sold 665,271 shares valued at $225,464,248. 2.00% of the stock is currently owned by company insiders.

Broadcom 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.