Broadcom Inc. $AVGO Shares Sold by LaFleur & Godfrey LLC

Key Points

• LaFleur & Godfrey LLC has reduced its stake in Broadcom Inc. by 0.9%, now holding 87,992 shares valued at approximately $24.25 million.
• Broadcom posted a quarterly earnings report with an EPS of $1.69, exceeding estimates, and a revenue of $15.95 billion, marking a 22% year-over-year increase.
• Recent insider transactions reveal significant selling activity, with insiders offloading over 240,000 shares in the last 90 days, while only buying 3,550 shares during the same period.

LaFleur & Godfrey LLC decreased its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 0.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 87,992 shares of the semiconductor manufacturer's stock after selling 783 shares during the period. Broadcom accounts for about 3.0% of LaFleur & Godfrey LLC's holdings, making the stock its 5th biggest holding. LaFleur & Godfrey LLC's holdings in Broadcom were worth $24,255,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sawyer & Company Inc grew its stake in 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. Vermillion Wealth Management Inc. acquired a new stake in Broadcom during the fourth quarter worth approximately $30,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Broadcom during the first quarter worth approximately $25,000. Cheviot Value Management LLC acquired a new stake in Broadcom during the first quarter worth approximately $25,000. Finally, Inlight Wealth Management LLC acquired a new stake in Broadcom during the first quarter worth approximately $26,000. Institutional investors and hedge funds own 76.43% of the company's stock.

Insider Buying and Selling

In other news, insider Mark David Brazeal sold 16,558 shares of the business's stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total value of $5,755,726.38. Following the completion of the sale, the insider owned 329,302 shares of the company's stock, valued at approximately $114,468,668.22. The trade was a 4.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Charlie B. Kawwas sold 3,893 shares of the business's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total value of $1,354,063.26. Following the completion of the sale, the insider directly owned 25,295 shares of the company's stock, valued at approximately $8,798,106.90. This trade represents a 13.34% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 3,550 shares of company stock worth $1,227,869 and have sold 240,274 shares worth $78,571,804. Insiders own 2.00% of the company's stock.

Broadcom Stock Performance

NASDAQ:AVGO opened at $338.94 on Wednesday. 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 business has a fifty day simple moving average of $310.48 and a two-hundred day simple moving average of $249.83. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $374.23. The company has a market capitalization of $1.60 trillion, a P/E ratio of 86.46, a P/E/G ratio of 1.87 and a beta of 1.16.

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 (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.03. The company had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The firm's quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter last year, the company earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. On average, analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The business also recently announced 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 60.20%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wells Fargo & Company raised their target price on Broadcom from $255.00 to $345.00 and gave the stock an "equal weight" rating in a research note on Friday, September 5th. Deutsche Bank Aktiengesellschaft increased their price target on Broadcom from $300.00 to $350.00 and gave the stock a "buy" rating in a report on Friday, September 5th. The Goldman Sachs Group reiterated a "buy" rating and issued a $340.00 price target on shares of Broadcom in a report on Wednesday, August 13th. Truist Financial increased their price target on Broadcom from $295.00 to $365.00 and gave the stock a "buy" rating in a report on Friday, September 5th. Finally, Cowen reiterated a "buy" rating on shares of Broadcom in a report on Friday, June 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Broadcom has an average rating of "Buy" and a consensus target price of $356.48.

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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