Atalanta Sosnoff Capital LLC lowered its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 15.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 583,383 shares of the semiconductor manufacturer's stock after selling 109,306 shares during the quarter. Broadcom comprises about 2.3% of Atalanta Sosnoff Capital LLC's holdings, making the stock its 14th largest position. Atalanta Sosnoff Capital LLC's holdings in Broadcom were worth $97,676,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in shares of Broadcom by 21.8% in the 4th quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer's stock worth $6,882,000 after acquiring an additional 5,322 shares during the period. Revolve Wealth Partners LLC lifted its position in Broadcom by 10.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer's stock valued at $1,854,000 after purchasing an additional 756 shares during the period. Bank Pictet & Cie Europe AG boosted its holdings in Broadcom by 16.4% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 221,199 shares of the semiconductor manufacturer's stock valued at $51,283,000 after purchasing an additional 31,225 shares in the last quarter. Chapman Financial Group LLC acquired a new position in Broadcom during the 4th quarter worth approximately $134,000. Finally, Capitolis Liquid Global Markets LLC raised its stake in shares of Broadcom by 8.6% during the 4th quarter. Capitolis Liquid Global Markets LLC now owns 2,154,100 shares of the semiconductor manufacturer's stock worth $499,407,000 after buying an additional 170,000 shares in the last quarter. 76.43% of the stock is owned by hedge funds and other institutional investors.
Broadcom Price Performance
AVGO stock traded up $28.79 during trading on Friday, hitting $334.89. The stock had a trading volume of 78,318,626 shares, compared to its average volume of 17,635,120. 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 company has a debt-to-equity ratio of 0.89, a quick ratio of 0.98 and a current ratio of 1.08. The company's 50 day moving average price is $292.09 and its two-hundred day moving average price is $237.25. Broadcom Inc. has a 1-year low of $134.90 and a 1-year high of $356.34.
Broadcom (NASDAQ:AVGO - Get Free Report) last issued 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 the consensus estimate of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 37.17%. The company's quarterly revenue was up 22.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. On average, sell-side analysts forecast that Broadcom Inc. will post 5.38 EPS for the current fiscal year.
Broadcom Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, September 22nd. Broadcom's dividend payout ratio is currently 88.39%.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the stock. Cantor Fitzgerald restated an "overweight" rating and set a $300.00 target price on shares of Broadcom in a research report on Friday, June 6th. Hsbc Global Res raised shares of Broadcom from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 24th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Broadcom from $300.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday. Wall Street Zen raised Broadcom from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, KeyCorp raised their price objective on Broadcom from $330.00 to $400.00 and gave the company an "overweight" rating in a research note on Friday. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $351.00.
Get Our Latest Stock Report on Broadcom
Insider Buying and Selling at Broadcom
In other news, Director Justine Page sold 800 shares of Broadcom stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $307.46, for a total value of $245,968.00. Following the completion of the sale, the director owned 23,782 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available at the SEC website. Also, Director Henry Samueli sold 473,898 shares of the firm's stock in a transaction dated Wednesday, June 25th. The stock was 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 directly owned 38,188,575 shares in the company, valued at approximately $10,132,574,604.75. The trade was a 1.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 830,516 shares of company stock valued at $217,286,457. 2.00% of the stock is currently owned by insiders.
About Broadcom
(
Free Report)
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.
See Also
Before you consider Broadcom, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Broadcom wasn't on the list.
While Broadcom currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
