Fermata Advisors LLC Has $701,000 Stock Position in Broadcom Inc. $AVGO

Key Points

• Fermata Advisors LLC significantly reduced its stake in Broadcom Inc. by 67.5%, selling 5,287 shares during the 2nd quarter, leaving them with a total of 2,543 shares valued at approximately $701,000.
• Notable hedge funds, including Vanguard Group Inc. and Price T Rowe Associates Inc., increased their holdings in Broadcom, showcasing ongoing institutional interest in the company.
• Broadcom reported $1.69 earnings per share in its latest quarterly results, exceeding analysts' estimates, alongside a 22% year-over-year revenue increase to $15.95 billion.

Fermata Advisors LLC reduced its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 67.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,543 shares of the semiconductor manufacturer's stock after selling 5,287 shares during the quarter. Fermata Advisors LLC's holdings in Broadcom were worth $701,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in AVGO. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Broadcom during the first quarter worth about $25,000. Cheviot Value Management LLC acquired a new position in Broadcom in the 1st quarter valued at $25,000. Inlight Wealth Management LLC purchased a new position in Broadcom during the 1st quarter worth $26,000. Sunbeam Capital Management LLC acquired a new stake in shares of Broadcom in the 4th quarter worth $28,000. Finally, Vermillion Wealth Management Inc. acquired a new position in shares of Broadcom during the fourth quarter worth about $30,000. 76.43% of the stock is owned by institutional investors and hedge funds.

Broadcom Stock Performance

Shares of NASDAQ AVGO traded down $0.41 during midday trading on Friday, reaching $344.94. 41,147,297 shares of the company traded hands, compared to its average volume of 26,458,309. The company has a market cap of $1.63 trillion, a price-to-earnings ratio of 87.99, a PEG ratio of 1.91 and a beta of 1.16. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. The stock has a 50-day moving average price of $306.64 and a 200 day moving average price of $246.25. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $374.23.

Broadcom (NASDAQ:AVGO - Get Free Report) last released 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 company had revenue of $15.95 billion for 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 36.60%. During the same period in the previous year, the firm earned $1.24 EPS. Broadcom's revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. Sell-side analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd will be paid a $0.59 dividend. 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 payout ratio is currently 60.20%.

Analyst Upgrades and Downgrades

AVGO has been the topic of several research analyst reports. HSBC upgraded shares of Broadcom from a "hold" rating to a "buy" rating and set a $400.00 target price on the stock in a research report on Tuesday, June 24th. Piper Sandler lifted their price objective on Broadcom from $315.00 to $375.00 and gave the company an "overweight" rating in a research report on Friday, September 5th. Hsbc Global Res raised Broadcom from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, June 24th. UBS Group raised their price target on shares of Broadcom from $290.00 to $345.00 and gave the company a "buy" rating in a report on Monday, August 25th. Finally, Evercore ISI reissued an "outperform" rating and issued a $342.00 target price (up previously from $304.00) on shares of Broadcom in a research note on Thursday, September 4th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has 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 target price of $356.48.

Insiders Place Their Bets

In related news, insider Charlie B. Kawwas sold 3,893 shares of the firm's stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the completion of the transaction, the insider owned 25,295 shares of the company's stock, valued at $8,798,106.90. This trade represents a 13.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Harry L. You acquired 500 shares of Broadcom stock in a transaction dated Wednesday, September 10th. The shares were acquired at an average price of $363.38 per share, with a total value of $181,690.00. Following the transaction, the director owned 35,602 shares in the company, valued at approximately $12,937,054.76. This represents a 1.42% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 3,550 shares of company stock valued at $1,227,869 and have sold 840,522 shares valued at $236,959,124. Corporate insiders own 2.00% of the company's stock.

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.