Frank Rimerman Advisors LLC Has $18.50 Million Holdings in Broadcom Inc. $AVGO

Frank Rimerman Advisors LLC reduced its stake in Broadcom Inc. (NASDAQ:AVGO) by 8.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 67,114 shares of the semiconductor manufacturer’s stock after selling 6,104 shares during the quarter. Broadcom makes up 1.2% of Frank Rimerman Advisors LLC’s investment portfolio, making the stock its 14th largest holding. Frank Rimerman Advisors LLC’s holdings in Broadcom were worth $18,500,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the company. Nuveen LLC bought a new stake in Broadcom during the 1st quarter valued at approximately $6,649,117,000. Price T Rowe Associates Inc. MD lifted its position in Broadcom by 37.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer’s stock worth $10,968,270,000 after purchasing an additional 17,985,046 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Broadcom by 16.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 31,854,414 shares of the semiconductor manufacturer’s stock worth $5,333,384,000 after acquiring an additional 4,550,647 shares during the period. Deutsche Bank AG lifted its stake in Broadcom by 36.9% during the first quarter. Deutsche Bank AG now owns 15,758,895 shares of the semiconductor manufacturer’s stock worth $2,638,512,000 after purchasing an additional 4,245,345 shares during the period. Finally, Alliancebernstein L.P. raised its holdings in shares of Broadcom by 16.0% in the 1st quarter. Alliancebernstein L.P. now owns 29,513,814 shares of the semiconductor manufacturer’s stock worth $4,941,498,000 after buying an additional 4,077,910 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors.

Insider Activity at Broadcom

In other news, Director Justine Page sold 800 shares of the company’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $331.14, for a total transaction of $264,912.00. Following the transaction, the director owned 21,382 shares of the company’s stock, valued at $7,080,435.48. This represents a 3.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Henry Samueli sold 368,797 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director owned 37,722,534 shares in the company, valued at approximately $12,746,821,463.94. This represents a 0.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have purchased 3,550 shares of company stock valued at $1,227,869 and have sold 665,271 shares valued at $225,483,192. Insiders own 2.00% of the company’s stock.

Broadcom Trading Up 4.1%

Shares of NASDAQ AVGO opened at $354.42 on Thursday. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $386.48. The company has a 50-day moving average of $348.80 and a two-hundred day moving average of $298.58. The company has a market cap of $1.67 trillion, a PE ratio of 90.41, a P/E/G ratio of 1.17 and a beta of 1.19. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86.

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

Broadcom Dividend Announcement

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

Analyst Ratings Changes

Several brokerages recently commented on AVGO. 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. Oppenheimer restated an “outperform” rating and issued a $360.00 target price (up previously from $325.00) on shares of Broadcom in a research note on Friday, September 5th. Sanford C. Bernstein increased their target price on shares of Broadcom from $295.00 to $400.00 and gave the stock an “outperform” rating in a research report on Friday, September 5th. KeyCorp set a $460.00 price target on shares of Broadcom in a report on Monday, October 13th. Finally, Deutsche Bank Aktiengesellschaft set a $400.00 price objective on shares of Broadcom and gave the stock a “buy” rating in a research note on Tuesday, October 14th. Three equities research 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 MarketBeat, Broadcom currently has a consensus rating of “Buy” and an average price target of $372.52.

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.