Lifeworks Advisors LLC Lowers Holdings in Broadcom Inc. $AVGO

Lifeworks Advisors LLC trimmed its holdings in Broadcom Inc. (NASDAQ:AVGO) by 73.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,119 shares of the semiconductor manufacturer’s stock after selling 13,979 shares during the period. Lifeworks Advisors LLC’s holdings in Broadcom were worth $1,411,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Cheviot Value Management LLC purchased a new stake in shares of Broadcom in the first quarter worth about $25,000. Sawyer & Company Inc lifted its position in shares of Broadcom by 62.1% in the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 36 shares in the last quarter. Legend Financial Advisors Inc. purchased a new stake in shares of Broadcom in the second quarter worth about $28,000. LGT Financial Advisors LLC purchased a new stake in shares of Broadcom in the second quarter worth about $31,000. Finally, Greenline Partners LLC purchased a new stake in shares of Broadcom in the first quarter worth about $33,000. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Broadcom Trading Up 2.0%

Shares of AVGO stock opened at $358.98 on Thursday. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $386.48. 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 stock’s 50 day simple moving average is $342.93 and its two-hundred day simple moving average is $287.25. The company has a market cap of $1.70 trillion, a PE ratio of 91.58, a price-to-earnings-growth 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, 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 firm had revenue of $15.95 billion for the quarter, compared to analysts’ expectations of $15.82 billion. During the same quarter in the prior year, the firm posted $1.24 earnings per share. The company’s quarterly revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. Research analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

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

Insider Transactions at Broadcom

In other news, Director Henry Samueli sold 368,797 shares of the stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total value of $124,620,194.27. Following the sale, the director directly owned 37,722,534 shares in the company, valued at approximately $12,746,821,463.94. This represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Hock E. Tan sold 100,000 shares of the stock in a transaction that occurred on 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 approximately $246,412,152.04. The trade was a 12.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders bought 3,550 shares of company stock valued at $1,227,869 and sold 665,271 shares valued at $225,464,248. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on AVGO. Argus boosted their target price on Broadcom from $285.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, September 8th. Wells Fargo & Company boosted their target price on Broadcom from $255.00 to $345.00 and gave the stock an “equal weight” rating in a research report on Friday, September 5th. Macquarie began coverage on Broadcom in a research report on Monday, September 15th. They issued an “outperform” rating and a $420.00 target price on the stock. Truist Financial boosted their target price on Broadcom from $295.00 to $365.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Finally, Morgan Stanley set a $409.00 target price on Broadcom and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Broadcom currently has a consensus rating of “Buy” and an average target price of $372.52.

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.