Claro Advisors LLC Trims Stock Holdings in Broadcom Inc. $AVGO

Claro Advisors LLC reduced its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 15.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,394 shares of the semiconductor manufacturer’s stock after selling 6,325 shares during the period. Broadcom accounts for 1.5% of Claro Advisors LLC’s portfolio, making the stock its 16th biggest holding. Claro Advisors LLC’s holdings in Broadcom were worth $9,205,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Washburn Capital Management Inc. lifted its holdings in Broadcom by 4.3% during the second quarter. Washburn Capital Management Inc. now owns 5,674 shares of the semiconductor manufacturer’s stock valued at $1,564,000 after purchasing an additional 235 shares in the last quarter. Sunburst Financial Group LLC lifted its stake in shares of Broadcom by 11.8% during the 2nd quarter. Sunburst Financial Group LLC now owns 1,901 shares of the semiconductor manufacturer’s stock valued at $524,000 after buying an additional 201 shares in the last quarter. Cassaday & Co Wealth Management LLC boosted its holdings in Broadcom by 2.2% in the 2nd quarter. Cassaday & Co Wealth Management LLC now owns 5,905 shares of the semiconductor manufacturer’s stock worth $1,628,000 after buying an additional 125 shares during the period. Rockline Wealth Management LLC boosted its holdings in Broadcom by 2.4% in the 2nd quarter. Rockline Wealth Management LLC now owns 44,866 shares of the semiconductor manufacturer’s stock worth $12,367,000 after buying an additional 1,057 shares during the period. Finally, Elyxium Wealth LLC increased its stake in Broadcom by 2.1% in the 2nd quarter. Elyxium Wealth LLC now owns 16,037 shares of the semiconductor manufacturer’s stock worth $4,421,000 after buying an additional 323 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors.

Broadcom Stock Down 1.7%

NASDAQ AVGO opened at $349.43 on Friday. The stock has a 50 day moving average price of $344.91 and a 200-day moving average price of $289.83. Broadcom Inc. has a one year low of $138.10 and a one year high of $386.48. 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 company has a market capitalization of $1.65 trillion, a P/E ratio of 89.14, a P/E/G ratio of 1.41 and a beta of 1.19.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping 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 company had revenue of $15.95 billion for the quarter, compared to analysts’ expectations of $15.82 billion. During the same quarter in the previous year, the business posted $1.24 earnings per share. Broadcom’s quarterly revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities analysts predict that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were issued a $0.59 dividend. The ex-dividend date of this dividend 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 presently 60.20%.

Insider Buying and Selling

In other news, CFO Kirsten M. Spears sold 7,498 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total transaction of $2,606,754.68. Following the transaction, the chief financial officer owned 313,330 shares of the company’s stock, valued at approximately $108,932,307.80. The trade was a 2.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Henry Samueli sold 368,797 shares of the stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $337.91, for a total value of $124,620,194.27. Following the sale, the director owned 37,722,534 shares in the company, valued at $12,746,821,463.94. The trade was a 0.97% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have bought 3,550 shares of company stock valued at $1,227,869 and have sold 665,271 shares valued at $225,464,248. Insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Citigroup reissued a “buy” rating and set a $415.00 price target (up from $350.00) on shares of Broadcom in a report on Tuesday, October 14th. Arete Research raised Broadcom to a “strong-buy” rating in a research note on Monday, July 28th. Evercore ISI upped their price target on Broadcom from $342.00 to $403.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 15th. Oppenheimer reaffirmed an “outperform” rating and set a $360.00 price objective (up from $325.00) on shares of Broadcom in a report on Friday, September 5th. Finally, KeyCorp set a $460.00 target price on shares of Broadcom in a report on Monday, October 13th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $372.52.

Broadcom Company 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.