Broadcom Inc. $AVGO Shares Sold by Commerzbank Aktiengesellschaft FI

Key Points

• Commerzbank Aktiengesellschaft FI reduced its holdings in Broadcom Inc. by 37.1%, now holding 639,966 shares valued at approximately $176.4 million.
• CEO Hock E. Tan and director Henry Samueli sold substantial shares of Broadcom, amounting to $33.96 million and $124.62 million respectively, signaling a reduction in their personal stakes.
• Wall Street analysts are optimistic, with multiple firms setting price targets between $375.00 and $450.00 and an overall consensus rating of "Buy" for Broadcom stock.

Commerzbank Aktiengesellschaft FI lessened its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 37.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 639,966 shares of the semiconductor manufacturer's stock after selling 376,941 shares during the quarter. Broadcom makes up about 4.0% of Commerzbank Aktiengesellschaft FI's investment portfolio, making the stock its 4th largest holding. Commerzbank Aktiengesellschaft FI's holdings in Broadcom were worth $176,407,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. PARUS FINANCE UK Ltd boosted its holdings in shares of Broadcom by 175.3% in the 1st quarter. PARUS FINANCE UK Ltd now owns 100,578 shares of the semiconductor manufacturer's stock valued at $16,840,000 after buying an additional 64,038 shares during the period. Geneos Wealth Management Inc. boosted its stake in Broadcom by 27.9% in the first quarter. Geneos Wealth Management Inc. now owns 64,130 shares of the semiconductor manufacturer's stock valued at $10,737,000 after acquiring an additional 13,978 shares during the period. Asio Capital LLC boosted its stake in Broadcom by 2.0% in the second quarter. Asio Capital LLC now owns 54,459 shares of the semiconductor manufacturer's stock valued at $15,012,000 after acquiring an additional 1,089 shares during the period. Keener Financial Planning LLC boosted its stake in Broadcom by 34.8% in the first quarter. Keener Financial Planning LLC now owns 890 shares of the semiconductor manufacturer's stock valued at $149,000 after acquiring an additional 230 shares during the period. Finally, Diversify Wealth Management LLC boosted its stake in Broadcom by 5.6% in the first quarter. Diversify Wealth Management LLC now owns 38,016 shares of the semiconductor manufacturer's stock valued at $6,365,000 after acquiring an additional 2,016 shares during the period. Institutional investors and hedge funds own 76.43% of the company's stock.

Insider Buying and Selling

In other Broadcom news, CEO Hock E. Tan sold 100,000 shares of the company's stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $339.58, for a total value of $33,958,000.00. Following the completion of the sale, the chief executive officer directly owned 725,638 shares of the company's stock, valued at approximately $246,412,152.04. This represents a 12.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Henry Samueli sold 368,797 shares of the stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the sale, the director directly owned 37,722,534 shares of the company's stock, valued at approximately $12,746,821,463.94. This represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 3,550 shares of company stock worth $1,227,869 and sold 664,471 shares worth $225,184,128. Insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Morgan Stanley set a $409.00 price objective on Broadcom and gave the company an "overweight" rating in a research report on Tuesday. Macquarie started coverage on shares of Broadcom in a report on Monday, September 15th. They set an "outperform" rating and a $420.00 price target for the company. Barclays set a $450.00 price target on shares of Broadcom and gave the company an "overweight" rating in a report on Tuesday. Argus boosted their price target on shares of Broadcom from $285.00 to $375.00 and gave the company a "buy" rating in a report on Monday, September 8th. Finally, TD Cowen boosted their target price on shares of Broadcom from $355.00 to $370.00 and gave the company a "buy" rating in a research note on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, Broadcom has an average rating of "Buy" and a consensus target price of $372.33.

Broadcom Stock Performance

AVGO opened at $351.33 on Thursday. The company has a market capitalization of $1.66 trillion, a price-to-earnings ratio of 89.63, a price-to-earnings-growth ratio of 1.91 and a beta of 1.20. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $374.23. The business has a 50 day moving average price of $325.83 and a two-hundred day moving average price of $266.04.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping analysts' consensus estimates of $1.66 by $0.03. The firm had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The firm'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 firm posted $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. Research analysts predict that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.