Broadcom Inc. $AVGO is Eagle Capital Management LLC's 3rd Largest Position

Eagle Capital Management LLC lowered its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 1.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 71,273 shares of the semiconductor manufacturer's stock after selling 1,178 shares during the quarter. Broadcom comprises 8.6% of Eagle Capital Management LLC's portfolio, making the stock its 3rd largest position. Eagle Capital Management LLC's holdings in Broadcom were worth $19,646,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AVGO. Sawyer & Company Inc grew its holdings in Broadcom by 62.1% during the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock valued at $26,000 after purchasing an additional 36 shares in the last quarter. PFS Partners LLC boosted its position in Broadcom by 38.4% in the 2nd quarter. PFS Partners LLC now owns 137 shares of the semiconductor manufacturer's stock valued at $38,000 after buying an additional 38 shares during the last quarter. Waddell & Associates LLC grew its stake in shares of Broadcom by 2.1% during the first quarter. Waddell & Associates LLC now owns 2,091 shares of the semiconductor manufacturer's stock valued at $350,000 after acquiring an additional 43 shares in the last quarter. Luts & Greenleigh Group Inc. increased its position in shares of Broadcom by 1.3% during the second quarter. Luts & Greenleigh Group Inc. now owns 3,405 shares of the semiconductor manufacturer's stock worth $939,000 after acquiring an additional 44 shares during the last quarter. Finally, Challenger Wealth Management lifted its stake in shares of Broadcom by 1.3% in the first quarter. Challenger Wealth Management now owns 3,504 shares of the semiconductor manufacturer's stock worth $587,000 after acquiring an additional 45 shares in the last quarter. 76.43% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Broadcom news, CEO Hock E. Tan sold 100,000 shares of the firm's stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $339.58, for a total transaction of $33,958,000.00. Following the completion of the transaction, the chief executive officer owned 725,638 shares in the company, valued at $246,412,152.04. This trade represents a 12.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mark David Brazeal sold 16,558 shares of the business's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the completion of the sale, the insider owned 329,302 shares in the company, valued at $114,468,668.22. This represents a 4.79% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 3,550 shares of company stock valued at $1,227,869 and have sold 666,071 shares valued at $225,623,008. Insiders own 2.00% of the company's stock.

Broadcom Price Performance

Shares of NASDAQ:AVGO opened at $338.37 on Friday. The company's fifty day moving average is $318.43 and its two-hundred day moving average is $257.77. The company has a market cap of $1.60 trillion, a P/E ratio of 86.32, a price-to-earnings-growth ratio of 1.87 and a beta of 1.20. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $374.23.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.66 by $0.03. The company had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The company's revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter last year, the business posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Equities analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were paid a dividend of $0.59 per share. The ex-dividend date was Monday, September 22nd. This represents a $2.36 annualized dividend and a yield of 0.7%. Broadcom's dividend payout ratio is presently 60.20%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on AVGO shares. UBS Group raised their price objective on Broadcom from $290.00 to $345.00 and gave the company a "buy" rating in a research note on Monday, August 25th. Truist Financial lifted their price target on shares of Broadcom from $295.00 to $365.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. Bank of America upped their price target on shares of Broadcom from $300.00 to $400.00 and gave the company a "buy" rating in a report on Friday, September 5th. Barclays raised their price objective on shares of Broadcom from $265.00 to $400.00 and gave the stock an "overweight" rating in a report on Friday, September 5th. Finally, Macquarie assumed coverage on shares of Broadcom in a research note on Monday, September 15th. They issued an "outperform" rating and a $420.00 target price on the stock. Three analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $357.22.

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.

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