Broadcom Inc. $AVGO Shares Sold by Woodley Farra Manion Portfolio Management Inc.

Woodley Farra Manion Portfolio Management Inc. lowered its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 3.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 402,306 shares of the semiconductor manufacturer’s stock after selling 14,410 shares during the quarter. Broadcom comprises about 5.2% of Woodley Farra Manion Portfolio Management Inc.’s holdings, making the stock its 2nd largest position. Woodley Farra Manion Portfolio Management Inc.’s holdings in Broadcom were worth $110,896,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Broadcom by 0.4% in the first quarter. Vanguard Group Inc. now owns 477,220,137 shares of the semiconductor manufacturer’s stock valued at $79,900,968,000 after purchasing an additional 2,085,534 shares during the period. Geode Capital Management LLC grew its position in Broadcom by 2.1% in the 2nd quarter. Geode Capital Management LLC now owns 108,610,718 shares of the semiconductor manufacturer’s stock valued at $29,827,649,000 after buying an additional 2,226,585 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Broadcom by 37.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer’s stock valued at $10,968,270,000 after buying an additional 17,985,046 shares during the last quarter. Nuveen LLC acquired a new position in Broadcom in the 1st quarter valued at $6,649,117,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Broadcom by 2.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 35,243,467 shares of the semiconductor manufacturer’s stock worth $5,900,814,000 after buying an additional 842,088 shares during the last quarter. 76.43% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Broadcom 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 transaction of $1,354,063.26. Following the sale, the insider owned 25,295 shares in the company, valued at approximately $8,798,106.90. This represents a 13.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Hock E. Tan sold 100,000 shares of the business’s stock in a transaction 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 transaction, the chief executive officer directly owned 725,638 shares of the company’s stock, valued at approximately $246,412,152.04. This trade represents a 12.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders acquired 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.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AVGO. KeyCorp set a $460.00 target price on shares of Broadcom in a report on Monday, October 13th. UBS Group set a $415.00 price objective on Broadcom and gave the company a “buy” rating in a report on Tuesday, October 14th. 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. Barclays set a $450.00 price target on Broadcom and gave the company an “overweight” rating in a report on Tuesday, October 14th. Finally, Macquarie initiated coverage on Broadcom in a research note on Monday, September 15th. They issued an “outperform” rating and a $420.00 price target on the stock. Three 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 MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $372.52.

Broadcom Stock Performance

Shares of AVGO stock opened at $342.65 on Tuesday. The stock has a fifty day moving average price of $349.03 and a 200 day moving average price of $297.23. 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 market cap of $1.62 trillion, a PE ratio of 87.41, a P/E/G ratio of 1.37 and a beta of 1.19. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $386.48.

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, beating analysts’ consensus estimates of $1.66 by $0.03. The business had revenue of $15.95 billion during the quarter, compared to analysts’ expectations of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The business’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter last year, the business posted $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. Sell-side analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current fiscal 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 given a dividend of $0.59 per share. The ex-dividend date was Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. Broadcom’s payout ratio is presently 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.