Arnhold LLC Sells 7,220 Shares of Broadcom Inc. $AVGO

Key Points

• Arnhold LLC sold 7,220 shares of Broadcom Inc., reducing its stake by 5.3% to hold 129,719 shares, valued at approximately $21.7 million.
• Broadcom's institutional ownership stands at 76.43%, with several funds, including Nuveen LLC and Goldman Sachs, significantly increasing their stakes in the first quarter.
• Broadcom reported earnings of $1.58 per share, beating estimates, and had a revenue increase of 20.2% year-over-year, demonstrating strong financial performance.

Arnhold LLC cut its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 5.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 129,719 shares of the semiconductor manufacturer's stock after selling 7,220 shares during the period. Broadcom comprises about 2.2% of Arnhold LLC's investment portfolio, making the stock its 13th biggest position. Arnhold LLC's holdings in Broadcom were worth $21,719,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of AVGO. Nuveen LLC purchased a new position in Broadcom during the first quarter valued at $6,649,117,000. Price T Rowe Associates Inc. MD lifted its stake 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 last quarter. GAMMA Investing LLC increased its stake in Broadcom by 18,179.3% in the first quarter. GAMMA Investing LLC now owns 17,276,164 shares of the semiconductor manufacturer's stock worth $2,892,548,000 after purchasing an additional 17,181,652 shares during the period. Northern Trust Corp boosted its position in Broadcom by 12.0% in the 4th quarter. Northern Trust Corp now owns 49,087,351 shares of the semiconductor manufacturer's stock valued at $11,380,411,000 after buying an additional 5,258,925 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in Broadcom by 16.7% in the first quarter. Goldman Sachs Group Inc. now owns 31,854,414 shares of the semiconductor manufacturer's stock worth $5,333,384,000 after purchasing an additional 4,550,647 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on AVGO shares. The Goldman Sachs Group reiterated a "buy" rating and set a $340.00 price objective on shares of Broadcom in a research note on Wednesday, August 13th. Benchmark lifted their target price on shares of Broadcom from $255.00 to $315.00 and gave the company a "buy" rating in a research report on Friday, June 6th. Truist Financial set a $295.00 target price on shares of Broadcom and gave the stock a "buy" rating in a research note on Friday, June 6th. Evercore ISI reissued an "outperform" rating and set a $304.00 price target (up previously from $267.00) on shares of Broadcom in a research report on Friday, June 6th. Finally, Morgan Stanley set a $338.00 price objective on shares of Broadcom and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $295.96.

Broadcom Stock Down 0.5%

Shares of NASDAQ:AVGO opened at $289.60 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.08 and a debt-to-equity ratio of 0.89. Broadcom Inc. has a 52-week low of $134.90 and a 52-week high of $317.35. The company has a 50 day moving average of $281.94 and a two-hundred day moving average of $231.84. The company has a market capitalization of $1.36 trillion, a price-to-earnings ratio of 108.46, a price-to-earnings-growth ratio of 2.07 and a beta of 1.15.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The semiconductor manufacturer reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.01. Broadcom had a return on equity of 35.49% and a net margin of 22.64%.The business had revenue of $15 billion for the quarter, compared to analyst estimates of $14.98 billion. During the same period in the prior year, the company posted $10.96 EPS. The business's revenue was up 20.2% compared to the same quarter last year. Broadcom has set its Q3 2025 guidance at EPS. As a group, analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 20th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Friday, June 20th. This represents a $2.36 annualized dividend and a dividend yield of 0.8%. Broadcom's dividend payout ratio (DPR) is currently 88.39%.

Insider Activity at Broadcom

In related news, Director Justine Page sold 800 shares of the business's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $307.46, for a total transaction of $245,968.00. Following the transaction, the director directly owned 23,782 shares of the company's stock, valued at approximately $7,312,013.72. The trade was a 3.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gayla J. Delly sold 3,000 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $265.13, for a total transaction of $795,390.00. Following the transaction, the director directly owned 33,352 shares in the company, valued at approximately $8,842,615.76. The trade was a 8.25% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 830,516 shares of company stock valued at $217,286,457. Corporate insiders own 2.00% of the company's stock.

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.

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