Eight 31 Financial LLC Lowers Stock Position in Broadcom Inc. $AVGO

Key Points

• Eight 31 Financial LLC reduced its holdings in Broadcom Inc. by 50.1% during the first quarter, leaving it with 1,323 shares valued at approximately $222,000.
• Multiple institutional investors have increased their stakes in Broadcom; notable increases include a 37.8% rise by Price T Rowe Associates and an 18,179.3% increase by GAMMA Investing LLC.
• Broadcom's stock has seen a strong performance, with its 1-year high at $317.35, and recent earnings exceeding analyst expectations, reporting $15 billion in revenue for the quarter.

Eight 31 Financial LLC lowered its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 50.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,323 shares of the semiconductor manufacturer's stock after selling 1,327 shares during the quarter. Eight 31 Financial LLC's holdings in Broadcom were worth $222,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Broadcom by 0.4% in the first quarter. Vanguard Group Inc. now owns 477,220,137 shares of the semiconductor manufacturer's stock valued at $79,900,968,000 after buying an additional 2,085,534 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of 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 valued at $10,968,270,000 after purchasing an additional 17,985,046 shares during the period. Nuveen LLC bought a new position in shares of Broadcom in the first quarter valued at about $6,649,117,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Broadcom by 1.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 34,401,379 shares of the semiconductor manufacturer's stock valued at $7,975,616,000 after purchasing an additional 581,704 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Broadcom by 3.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 33,852,310 shares of the semiconductor manufacturer's stock valued at $5,668,134,000 after acquiring an additional 1,043,948 shares in the last quarter. Institutional investors and hedge funds own 76.43% of the company's stock.

Broadcom Stock Performance

Broadcom stock traded up $28.79 during midday trading on Friday, reaching $334.89. The stock had a trading volume of 78,318,626 shares, 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 firm's 50-day moving average price is $292.09 and its 200 day moving average price is $237.25. The firm has a market capitalization of $1.58 trillion, a PE ratio of 85.43, a P/E/G ratio of 2.17 and a beta of 1.16. 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 (NASDAQ:AVGO - Get Free Report) last announced its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.03. Broadcom had a return on equity of 37.17% and a net margin of 31.59%.The firm had revenue of $15.95 billion for the quarter, compared to analysts' expectations of $15.82 billion. During the same period in the prior year, the business posted $1.24 earnings per share. The company's revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. As a group, research analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd will be given a $0.59 dividend. The ex-dividend date is Monday, September 22nd. This represents a $2.36 annualized dividend and a yield of 0.7%. Broadcom's payout ratio is presently 88.39%.

Analyst Upgrades and Downgrades

AVGO has been the topic of several research reports. Wells Fargo & Company upped their price target on shares of Broadcom from $255.00 to $345.00 and gave the company an "equal weight" rating in a research note on Friday. Rosenblatt Securities increased their price objective on shares of Broadcom from $340.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday. Benchmark increased their price objective on shares of Broadcom from $315.00 to $385.00 and gave the stock a "buy" rating in a research note on Friday. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Broadcom from $300.00 to $350.00 and gave the stock a "buy" rating in a research note on Friday. Finally, Arete Research upgraded shares of Broadcom to a "strong-buy" rating in a research note on Monday, July 28th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Broadcom presently has an average rating of "Buy" and an average price target of $351.00.

Insider Activity at Broadcom

In related news, insider Mark David Brazeal sold 50,000 shares of the company's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $253.28, for a total transaction of $12,664,000.00. Following the completion of the transaction, the insider owned 415,956 shares in the company, valued at $105,353,335.68. This represents a 10.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Charlie B. Kawwas sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $252.88, for a total value of $2,528,800.00. Following the transaction, the insider owned 789,784 shares of the company's stock, valued at approximately $199,720,577.92. This represents a 1.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 830,516 shares of company stock valued at $217,286,457 over the last 90 days. Company insiders own 2.00% of the company's stock.

About Broadcom

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.