Broadcom Inc. $AVGO Shares Sold by Greenwood Capital Associates LLC

Key Points

• Greenwood Capital Associates LLC reduced its holdings in Broadcom by 14.6%, owning 47,459 shares after selling 8,095 shares in the second quarter, representing 1.6% of its portfolio.
• Broadcom's recent quarterly earnings report revealed a **22% year-over-year revenue increase**, with earnings per share of $1.69, surpassing analysts' expectations.
• The company declared a quarterly dividend of $0.59 per share, resulting in an annualized yield of **0.7%**, with a dividend payout ratio of 60.20%.

Greenwood Capital Associates LLC reduced its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 14.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,459 shares of the semiconductor manufacturer's stock after selling 8,095 shares during the quarter. Broadcom comprises approximately 1.6% of Greenwood Capital Associates LLC's portfolio, making the stock its 9th biggest position. Greenwood Capital Associates LLC's holdings in Broadcom were worth $13,082,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Broadcom in the first quarter valued at approximately $25,000. Cheviot Value Management LLC acquired a new stake in shares of Broadcom during the first quarter worth $25,000. Inlight Wealth Management LLC acquired a new stake in shares of Broadcom during the first quarter worth $26,000. Sawyer & Company Inc lifted its holdings in shares of Broadcom by 62.1% during the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock worth $26,000 after purchasing an additional 36 shares during the period. Finally, Legend Financial Advisors Inc. acquired a new stake in shares of Broadcom during the second quarter worth $28,000. 76.43% of the stock is owned by institutional investors and hedge funds.

Broadcom Trading Up 0.3%

Shares of AVGO stock opened at $336.41 on Wednesday. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $374.23. The stock has a market cap of $1.59 trillion, a P/E ratio of 85.82, a P/E/G ratio of 1.86 and a beta of 1.20. The business has a fifty day simple moving average of $320.03 and a 200-day simple moving average of $259.78. 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 (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 analysts' consensus estimates of $1.66 by $0.03. The business had revenue of $15.95 billion during the quarter, compared to analysts' expectations of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The business'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 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. On average, analysts forecast 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 was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Monday, September 22nd. Broadcom's dividend payout ratio (DPR) is currently 60.20%.

Insider Activity

In related news, insider Mark David Brazeal sold 16,558 shares of Broadcom stock in a transaction dated Wednesday, September 17th. The stock was 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 approximately $114,468,668.22. This trade represents a 4.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Kirsten M. Spears sold 7,498 shares of Broadcom stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total value of $2,606,754.68. Following the sale, the chief financial officer owned 313,330 shares of the company's stock, valued at approximately $108,932,307.80. This represents a 2.34% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have bought 3,550 shares of company stock worth $1,227,869 and have sold 666,071 shares worth $225,623,008. 2.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

AVGO has been the subject of several recent research reports. Bank of America increased their price target on Broadcom from $300.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, September 5th. Barclays increased their price target on Broadcom from $265.00 to $400.00 and gave the stock an "overweight" rating in a report on Friday, September 5th. Sanford C. Bernstein increased their price target on Broadcom from $295.00 to $400.00 and gave the stock an "outperform" rating in a report on Friday, September 5th. Wall Street Zen raised Broadcom from a "hold" rating to a "buy" rating in a report on Saturday, September 6th. Finally, JPMorgan Chase & Co. increased their price target on Broadcom from $325.00 to $400.00 and gave the stock an "overweight" rating in a report on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $357.22.

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.

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