Broadcom Inc. $AVGO Shares Sold by 1 North Wealth Services LLC

Key Points

• 1 North Wealth Services LLC reduced its stake in Broadcom Inc. by 7.7%, now holding 13,304 shares valued at approximately $2.23 million, making it the firm's 26th largest position.
• Institutional investors collectively own 76.43% of Broadcom's stock, with notable increases from firms like Nuveen and Price T Rowe Associates during the first quarter.
• Research analysts maintain a positive outlook on Broadcom, with a consensus rating of "Buy" and a target price averaging $302.58.

1 North Wealth Services LLC reduced its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 7.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 13,304 shares of the semiconductor manufacturer's stock after selling 1,110 shares during the quarter. Broadcom accounts for 1.0% of 1 North Wealth Services LLC's investment portfolio, making the stock its 26th largest position. 1 North Wealth Services LLC's holdings in Broadcom were worth $2,227,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. JAT Capital Mgmt LP acquired a new position in shares of Broadcom in the 1st quarter worth approximately $8,958,000. Paragon Private Wealth Management LLC lifted its holdings in Broadcom by 21.4% during the 1st quarter. Paragon Private Wealth Management LLC now owns 11,357 shares of the semiconductor manufacturer's stock worth $1,902,000 after buying an additional 2,004 shares in the last quarter. Federation des caisses Desjardins du Quebec lifted its holdings in Broadcom by 0.5% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 431,993 shares of the semiconductor manufacturer's stock worth $72,335,000 after buying an additional 2,151 shares in the last quarter. Unisphere Establishment lifted its holdings in Broadcom by 15.0% during the 1st quarter. Unisphere Establishment now owns 967,600 shares of the semiconductor manufacturer's stock worth $162,005,000 after buying an additional 126,400 shares in the last quarter. Finally, Dark Forest Capital Management LP acquired a new stake in Broadcom during the 1st quarter worth approximately $5,667,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom Stock Performance

Broadcom stock traded up $28.79 during midday trading on Friday, hitting $334.89. 78,318,626 shares of the company's stock were exchanged, compared to its average volume of 17,635,120. Broadcom Inc. has a 12-month low of $134.90 and a 12-month high of $356.34. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.98 and a current ratio of 1.08. The stock has a market cap of $1.58 trillion, a price-to-earnings ratio of 85.43, a price-to-earnings-growth ratio of 2.17 and a beta of 1.16. The firm's 50 day simple moving average is $292.09 and its 200 day simple moving average is $237.25.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.03. Broadcom had a net margin of 31.59% and a return on equity of 37.17%. The company had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $15.82 billion. During the same period last year, the firm posted $1.24 EPS. Broadcom's revenue for the quarter was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. Equities research analysts predict that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, September 22nd. Broadcom's dividend payout ratio (DPR) is 88.39%.

Insider Buying and Selling

In other news, Director Henry Samueli sold 473,898 shares of the firm's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $265.33, for a total value of $125,739,356.34. Following the completion of the sale, the director owned 38,188,575 shares in the company, valued at approximately $10,132,574,604.75. This trade represents a 1.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kirsten M. Spears sold 36,350 shares of the firm's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $261.27, for a total transaction of $9,497,164.50. Following the completion of the sale, the chief financial officer owned 325,587 shares of the company's stock, valued at $85,066,115.49. This trade represents a 10.04% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 830,516 shares of company stock worth $217,286,457. 2.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AVGO. Mizuho raised their price objective on shares of Broadcom from $320.00 to $355.00 and gave the company an "outperform" rating in a report on Friday. The Goldman Sachs Group restated a "buy" rating and issued a $340.00 price objective on shares of Broadcom in a report on Wednesday, August 13th. Piper Sandler raised their price objective on shares of Broadcom from $315.00 to $375.00 and gave the company an "overweight" rating in a report on Friday. Cowen restated a "buy" rating on shares of Broadcom in a report on Friday, June 6th. Finally, Bank of America increased their target price on shares of Broadcom from $300.00 to $400.00 and gave the company a "buy" rating in a research report on Friday. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $351.00.

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.