Great Lakes Retirement Inc. Sells 401 Shares of Broadcom Inc. $AVGO

Great Lakes Retirement Inc. decreased its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 1.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,985 shares of the semiconductor manufacturer’s stock after selling 401 shares during the period. Great Lakes Retirement Inc.’s holdings in Broadcom were worth $6,887,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sawyer & Company Inc raised its stake in shares of Broadcom by 62.1% in the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 36 shares during the last quarter. Legend Financial Advisors Inc. bought a new position in shares of Broadcom in the second quarter valued at approximately $28,000. LGT Financial Advisors LLC bought a new position in shares of Broadcom in the second quarter valued at approximately $31,000. Maseco LLP bought a new position in shares of Broadcom in the second quarter valued at approximately $34,000. Finally, PFS Partners LLC raised its stake in shares of Broadcom by 38.4% in the second quarter. PFS Partners LLC now owns 137 shares of the semiconductor manufacturer’s stock valued at $38,000 after acquiring an additional 38 shares during the last quarter. Institutional investors own 76.43% of the company’s stock.

Insider Activity

In other news, insider Charlie B. Kawwas sold 3,893 shares of the business’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total value of $1,354,063.26. Following the completion of the transaction, the insider owned 25,295 shares of the company’s stock, valued at $8,798,106.90. The trade was a 13.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Hock E. Tan sold 100,000 shares of the business’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $339.58, for a total transaction of $33,958,000.00. Following the completion of the transaction, the chief executive officer directly owned 725,638 shares of the company’s stock, valued at $246,412,152.04. This trade represents a 12.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have acquired 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,464,248. 2.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on AVGO shares. Truist Financial lifted their target price on shares of Broadcom from $295.00 to $365.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Macquarie started coverage on shares of Broadcom in a research note on Monday, September 15th. They issued an “outperform” rating and a $420.00 target price for the company. Wall Street Zen cut shares of Broadcom from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Citigroup reissued a “buy” rating and issued a $415.00 price target (up previously from $350.00) on shares of Broadcom in a report on Tuesday, October 14th. Finally, Piper Sandler raised their price target on shares of Broadcom from $315.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Broadcom presently has an average rating of “Buy” and an average target price of $372.52.

Broadcom Price Performance

AVGO opened at $358.98 on Thursday. The company has a fifty day moving average price of $342.93 and a two-hundred day moving average price of $287.25. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $386.48. The firm has a market capitalization of $1.70 trillion, a PE ratio of 91.58, a P/E/G ratio of 1.42 and a beta of 1.19.

Broadcom (NASDAQ:AVGO) last released 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. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The firm 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 business earned $1.24 EPS. The business’s quarterly revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. As a group, analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

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

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.