Echo45 Advisors LLC Decreases Stock Holdings in Broadcom Inc. $AVGO

Echo45 Advisors LLC lowered its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 5.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,038 shares of the semiconductor manufacturer’s stock after selling 163 shares during the period. Broadcom comprises about 0.5% of Echo45 Advisors LLC’s investment portfolio, making the stock its 27th biggest holding. Echo45 Advisors LLC’s holdings in Broadcom were worth $838,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Cheviot Value Management LLC purchased a new position in Broadcom during the 1st quarter valued at about $25,000. Sawyer & Company Inc lifted its holdings in Broadcom by 62.1% in the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 36 shares during the period. Longfellow Investment Management Co. LLC bought a new stake in shares of Broadcom in the 2nd quarter worth approximately $27,000. Legend Financial Advisors Inc. purchased a new position in shares of Broadcom during the second quarter valued at approximately $28,000. Finally, LGT Financial Advisors LLC purchased a new position in shares of Broadcom during the second quarter valued at approximately $31,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Insider Transactions at Broadcom

In other news, insider Mark David Brazeal sold 16,558 shares of the firm’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the completion of the transaction, the insider directly owned 329,302 shares in the company, valued at $114,468,668.22. This trade represents a 4.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Justine Page sold 800 shares of Broadcom stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $331.14, for a total value of $264,912.00. Following the completion of the transaction, the director directly owned 21,382 shares of the company’s stock, valued at approximately $7,080,435.48. This represents a 3.61% decrease in their position. 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 $225,483,192. Insiders own 2.00% of the company’s stock.

Broadcom Trading Up 1.9%

NASDAQ:AVGO opened at $385.03 on Wednesday. The firm has a market capitalization of $1.82 trillion, a P/E ratio of 98.22, a PEG ratio of 1.29 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 Inc. has a one year low of $138.10 and a one year high of $388.13. The company’s 50-day simple moving average is $348.93 and its 200 day simple moving average is $303.70.

Broadcom (NASDAQ:AVGO) last released its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.82 billion. During the same period last year, the business earned $1.24 earnings per share. The business’s revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. As a group, analysts forecast that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Monday, September 22nd. Broadcom’s payout ratio is 60.20%.

Analyst Ratings Changes

Several analysts recently weighed in on AVGO shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Broadcom in a report on Wednesday, November 19th. Rosenblatt Securities raised their target price on shares of Broadcom from $340.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Oppenheimer reaffirmed an “outperform” rating and set a $360.00 target price (up previously from $325.00) on shares of Broadcom in a research note on Friday, September 5th. JPMorgan Chase & Co. increased their price target on shares of Broadcom from $325.00 to $400.00 and gave the stock an “overweight” rating in a research note on Friday, September 5th. Finally, Barclays set a $450.00 price objective on shares of Broadcom and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Three research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Broadcom presently has an average rating of “Buy” and a consensus price target of $377.61.

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.