Broadcom Inc. $AVGO Shares Sold by Live Oak Investment Partners

Key Points

• Live Oak Investment Partners reduced its holdings in Broadcom by 30% during the second quarter, selling 1,304 shares and bringing its total to 3,039 shares valued at approximately $838,000.
• Broadcom reported a 22% year-over-year revenue increase in its latest quarterly earnings, with revenue of $15.95 billion and earnings per share of $1.69, exceeding analyst expectations.
• The company has a current dividend yield of 0.7%, with a quarterly payment of $0.59 per share recently issued to investors.

Live Oak Investment Partners trimmed its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 30.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,039 shares of the semiconductor manufacturer's stock after selling 1,304 shares during the period. Live Oak Investment Partners' holdings in Broadcom were worth $838,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Weaver Capital Management LLC raised its stake in Broadcom by 0.8% during the second quarter. Weaver Capital Management LLC now owns 42,231 shares of the semiconductor manufacturer's stock worth $11,641,000 after acquiring an additional 332 shares during the period. Edge Financial Advisors LLC raised its position in shares of Broadcom by 6.9% during the 2nd quarter. Edge Financial Advisors LLC now owns 1,663 shares of the semiconductor manufacturer's stock worth $444,000 after purchasing an additional 108 shares during the period. MFA Wealth Services raised its position in shares of Broadcom by 1.6% during the 2nd quarter. MFA Wealth Services now owns 4,762 shares of the semiconductor manufacturer's stock worth $1,313,000 after purchasing an additional 76 shares during the period. Leo Wealth LLC raised its position in shares of Broadcom by 51.1% during the 2nd quarter. Leo Wealth LLC now owns 15,716 shares of the semiconductor manufacturer's stock worth $4,321,000 after purchasing an additional 5,313 shares during the period. Finally, Lokken Investment Group LLC increased its position in Broadcom by 2.4% in the second quarter. Lokken Investment Group LLC now owns 10,267 shares of the semiconductor manufacturer's stock worth $2,830,000 after buying an additional 242 shares during the period. Institutional investors and hedge funds own 76.43% of the company's stock.

Broadcom Price Performance

NASDAQ AVGO opened at $344.13 on Wednesday. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $374.23. 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 firm has a market capitalization of $1.63 trillion, a PE ratio of 87.79, a P/E/G ratio of 1.98 and a beta of 1.20. The company's 50 day simple moving average is $324.84 and its 200 day simple moving average is $265.45.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings results 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. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The company had revenue of $15.95 billion for the quarter, compared to analysts' expectations of $15.82 billion. During the same period last year, the firm earned $1.24 EPS. The firm's revenue for the quarter was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities research analysts forecast that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were issued 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 of this dividend was Monday, September 22nd. Broadcom's payout ratio is presently 60.20%.

Wall Street Analyst Weigh In

AVGO has been the topic of several analyst reports. Argus increased their target price on Broadcom from $285.00 to $375.00 and gave the stock a "buy" rating in a research report on Monday, September 8th. Weiss Ratings cut shares of Broadcom from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, October 8th. Piper Sandler increased their price objective on shares of Broadcom from $315.00 to $375.00 and gave the stock an "overweight" rating in a report on Friday, September 5th. Macquarie started coverage on shares of Broadcom in a research note on Monday, September 15th. They issued an "outperform" rating and a $420.00 price target on the stock. Finally, KeyCorp set a $460.00 price target on shares of Broadcom in a research note on Monday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $370.07.

Insider Activity

In other news, insider Charlie B. Kawwas sold 3,893 shares of Broadcom stock in a transaction that occurred on 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 transaction, the insider owned 25,295 shares of the company's stock, valued at $8,798,106.90. The trade was a 13.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Mark David Brazeal sold 16,558 shares of Broadcom stock in a transaction that occurred on 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 transaction, the insider directly owned 329,302 shares in the company, valued at $114,468,668.22. This represents a 4.79% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 3,550 shares of company stock valued at $1,227,869 and sold 664,471 shares valued at $225,184,128. 2.00% of the stock is currently owned by insiders.

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.

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