Broadcom Inc. $AVGO Position Reduced by Duncker Streett & Co. Inc.

Key Points

• Duncker Streett & Co. Inc. has reduced its stake in Broadcom Inc. by 1.1%, now holding 85,075 shares valued at approximately $23.45 million.
• CEO Hock E. Tan sold 148,154 shares of Broadcom, representing a 15.21% decrease in his ownership, in a transaction valued at around $49.88 million.
• Broadcom recently announced a quarterly dividend, yielding 0.7%, which was paid on September 30th to investors of record as of September 22nd.

Duncker Streett & Co. Inc. cut its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 1.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 85,075 shares of the semiconductor manufacturer's stock after selling 985 shares during the quarter. Broadcom makes up approximately 4.3% of Duncker Streett & Co. Inc.'s portfolio, making the stock its 2nd largest holding. Duncker Streett & Co. Inc.'s holdings in Broadcom were worth $23,451,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in Broadcom during the second quarter valued at about $498,000. Dock Street Asset Management Inc. lifted its holdings in Broadcom by 0.4% during the second quarter. Dock Street Asset Management Inc. now owns 73,576 shares of the semiconductor manufacturer's stock valued at $20,281,000 after purchasing an additional 281 shares during the last quarter. Mutual Advisors LLC lifted its holdings in Broadcom by 1.7% during the second quarter. Mutual Advisors LLC now owns 62,219 shares of the semiconductor manufacturer's stock valued at $18,055,000 after purchasing an additional 1,035 shares during the last quarter. Essex LLC lifted its holdings in Broadcom by 12.0% during the second quarter. Essex LLC now owns 3,142 shares of the semiconductor manufacturer's stock valued at $866,000 after purchasing an additional 336 shares during the last quarter. Finally, Tuttle Capital Management LLC purchased a new stake in Broadcom during the second quarter valued at about $651,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Broadcom news, CEO Hock E. Tan sold 148,154 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $336.67, for a total transaction of $49,879,007.18. Following the transaction, the chief executive officer directly owned 825,998 shares in the company, valued at $278,088,746.66. This trade represents a 15.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark David Brazeal sold 16,558 shares of the stock in a transaction that occurred 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 transaction, the insider owned 329,302 shares in the company, valued at $114,468,668.22. The trade was a 4.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 3,550 shares of company stock valued at $1,227,869 and sold 665,271 shares valued at $225,464,248. 2.00% of the stock is currently owned by company insiders.

Broadcom Stock Down 1.9%

AVGO stock opened at $342.66 on Wednesday. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. The company's 50 day moving average is $329.23 and its 200 day moving average is $271.96. The stock has a market cap of $1.62 trillion, a price-to-earnings ratio of 87.41, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $374.23.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.03. The company had revenue of $15.95 billion for the quarter, compared to analysts' expectations of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. Broadcom's revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. Sell-side analysts predict that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have commented on AVGO. Weiss Ratings downgraded shares of Broadcom from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, October 8th. Benchmark increased their price target on shares of Broadcom from $315.00 to $385.00 and gave the stock a "buy" rating in a report on Friday, September 5th. JPMorgan Chase & Co. increased their price target on shares of Broadcom from $325.00 to $400.00 and gave the stock an "overweight" rating in a report on Friday, September 5th. Deutsche Bank Aktiengesellschaft set a $400.00 price target on shares of Broadcom and gave the stock a "buy" rating in a report on Tuesday, October 14th. Finally, Arete Research raised shares of Broadcom to a "strong-buy" rating in a report on Monday, July 28th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus 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.

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