Roberts Glore & Co. Inc. IL Decreases Stake in Broadcom Inc. $AVGO

Roberts Glore & Co. Inc. IL cut its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 11.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,130 shares of the semiconductor manufacturer’s stock after selling 670 shares during the period. Roberts Glore & Co. Inc. IL’s holdings in Broadcom were worth $1,414,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. PFG Advisors increased its stake in Broadcom by 16.8% in the 2nd quarter. PFG Advisors now owns 57,705 shares of the semiconductor manufacturer’s stock worth $15,906,000 after acquiring an additional 8,284 shares during the last quarter. Zions Bancorporation National Association UT grew its holdings in shares of Broadcom by 45.6% in the second quarter. Zions Bancorporation National Association UT now owns 46,917 shares of the semiconductor manufacturer’s stock valued at $12,933,000 after purchasing an additional 14,695 shares in the last quarter. Midwest Trust Co purchased a new position in shares of Broadcom in the second quarter valued at $146,050,000. LFA Lugano Financial Advisors SA increased its position in Broadcom by 82.3% in the second quarter. LFA Lugano Financial Advisors SA now owns 556 shares of the semiconductor manufacturer’s stock worth $153,000 after purchasing an additional 251 shares during the last quarter. Finally, Flossbach Von Storch SE raised its stake in Broadcom by 144.6% during the second quarter. Flossbach Von Storch SE now owns 257,267 shares of the semiconductor manufacturer’s stock valued at $70,916,000 after purchasing an additional 152,070 shares in the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom Stock Down 4.3%

Shares of NASDAQ AVGO opened at $339.98 on Friday. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $386.48. The firm has a 50-day simple moving average of $348.93 and a two-hundred day simple moving average of $293.71. The company has a market cap of $1.61 trillion, a P/E ratio of 86.73, a PEG ratio of 1.43 and a beta of 1.19. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37.

Broadcom (NASDAQ:AVGO) last issued 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 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 the consensus estimate of $15.82 billion. During the same period in the prior year, the business posted $1.24 earnings per share. The company’s revenue for the quarter was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. Research analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

The firm also recently announced 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 was Monday, September 22nd. Broadcom’s dividend payout ratio (DPR) is 60.20%.

Insider Activity

In other news, insider Mark David Brazeal sold 16,558 shares of the company’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total value of $5,755,726.38. Following the transaction, the insider directly owned 329,302 shares in the company, valued at approximately $114,468,668.22. This represents a 4.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Justine Page sold 800 shares of the firm’s stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $350.15, for a total transaction of $280,120.00. Following the completion of the transaction, the director directly owned 22,182 shares in the company, valued at $7,767,027.30. This represents a 3.48% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders bought 3,550 shares of company stock valued at $1,227,869 and sold 664,471 shares valued at $225,218,280. Company insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AVGO. Barclays set a $450.00 price objective on shares of Broadcom and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Weiss Ratings lowered Broadcom from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, November 7th. KeyCorp set a $460.00 price objective on Broadcom in a research report on Monday, October 13th. Wells Fargo & Company raised their price objective on Broadcom from $255.00 to $345.00 and gave the company an “equal weight” rating in a research note on Friday, September 5th. Finally, Truist Financial lifted their target price on Broadcom from $295.00 to $365.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $372.52.

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.