Everett Harris & Co. CA Has $804,000 Stock Position in Broadcom Inc. $AVGO

Everett Harris & Co. CA lowered its position in Broadcom Inc. (NASDAQ:AVGO) by 9.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,917 shares of the semiconductor manufacturer’s stock after selling 310 shares during the period. Everett Harris & Co. CA’s holdings in Broadcom were worth $804,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in Broadcom by 21.8% in the fourth quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock valued at $6,882,000 after buying an additional 5,322 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of Broadcom by 10.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock worth $1,854,000 after acquiring an additional 756 shares in the last quarter. Jackson Creek Investment Advisors LLC acquired a new stake in shares of Broadcom during the first quarter worth $262,000. Formidable Asset Management LLC lifted its position in Broadcom by 6.3% in the 1st quarter. Formidable Asset Management LLC now owns 19,463 shares of the semiconductor manufacturer’s stock valued at $3,259,000 after acquiring an additional 1,159 shares in the last quarter. Finally, Resurgent Financial Advisors LLC boosted its stake in Broadcom by 3.7% in the 1st quarter. Resurgent Financial Advisors LLC now owns 5,170 shares of the semiconductor manufacturer’s stock worth $866,000 after purchasing an additional 185 shares during the period. 76.43% of the stock is currently owned by institutional investors.

Broadcom Stock Up 0.7%

Broadcom stock opened at $342.46 on Friday. 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 company’s 50-day moving average is $349.09 and its 200-day moving average is $295.48. The firm has a market capitalization of $1.62 trillion, a PE ratio of 87.36, a P/E/G ratio of 1.38 and a beta of 1.19. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $386.48.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, topping 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%.Broadcom’s quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter last year, the company posted $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. Sell-side analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

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

Insider Activity at Broadcom

In other news, Director Henry Samueli sold 368,797 shares of the company’s 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 transaction, the director owned 37,722,534 shares of the company’s stock, valued at approximately $12,746,821,463.94. This represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Hock E. Tan sold 100,000 shares of the 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 transaction, the chief executive officer owned 725,638 shares in the company, valued at $246,412,152.04. The trade was a 12.11% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have acquired 3,550 shares of company stock worth $1,227,869 and have sold 664,471 shares worth $225,218,280. 2.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. 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. Rosenblatt Securities lifted their target price on Broadcom from $340.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Barclays set a $450.00 price target on Broadcom and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Morgan Stanley set a $409.00 price objective on shares of Broadcom and gave the company an “overweight” rating in a report on Tuesday, October 14th. Finally, Wells Fargo & Company increased their target price on shares of Broadcom from $255.00 to $345.00 and gave the stock an “equal weight” 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 given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price 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.