Broadcom Inc. $AVGO Shares Sold by Natural Investments LLC

Key Points

• Natural Investments LLC reduced its position in Broadcom Inc. by 68.8%, selling 6,324 shares to end up with 2,870 shares worth approximately $790,000.
• Despite the decrease from Natural Investments, several large investors, such as Brighton Jones LLC and Revolve Wealth Partners LLC, have increased their stakes in Broadcom, indicating ongoing interest from institutional investors.
• Broadcom received positive analyst ratings, with price targets being raised by multiple firms, including Oppenheimer and Wells Fargo, reflecting a strong consensus with an average price target of $372.33.

Natural Investments LLC decreased its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 68.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,870 shares of the semiconductor manufacturer's stock after selling 6,324 shares during the period. Natural Investments LLC's holdings in Broadcom were worth $790,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Brighton Jones LLC lifted its stake in Broadcom by 21.8% during the fourth quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer's stock valued at $6,882,000 after buying an additional 5,322 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Broadcom by 10.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer's stock valued at $1,854,000 after buying an additional 756 shares during the period. GAMMA Investing LLC grew its stake in Broadcom by 9.2% in the first quarter. GAMMA Investing LLC now owns 103,184 shares of the semiconductor manufacturer's stock valued at $17,276,000 after purchasing an additional 8,672 shares in the last quarter. Inscription Capital LLC bought a new position in Broadcom during the first quarter valued at approximately $133,000. Finally, ORG Wealth Partners LLC raised its holdings in shares of Broadcom by 1,211.9% during the 1st quarter. ORG Wealth Partners LLC now owns 879 shares of the semiconductor manufacturer's stock valued at $148,000 after purchasing an additional 812 shares in the last quarter. Institutional investors own 76.43% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AVGO shares. Oppenheimer reaffirmed an "outperform" rating and set a $360.00 price objective (up from $325.00) on shares of Broadcom in a report on Friday, September 5th. Wells Fargo & Company boosted their price objective on Broadcom from $255.00 to $345.00 and gave the company an "equal weight" rating in a research report on Friday, September 5th. Benchmark increased their price target on shares of Broadcom from $315.00 to $385.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. Argus lifted their price objective on Broadcom from $285.00 to $375.00 and gave the company a "buy" rating in a report on Monday, September 8th. Finally, The Goldman Sachs Group reiterated a "buy" rating and issued a $340.00 price objective on shares of Broadcom in a research note on Wednesday, August 13th. Three 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. According to MarketBeat, Broadcom presently has an average rating of "Buy" and a consensus price target of $372.33.

Broadcom Stock Performance

Shares of Broadcom stock opened at $349.33 on Friday. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $374.23. The firm has a fifty day moving average of $327.73 and a two-hundred day moving average of $268.57. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. The stock has a market capitalization of $1.65 trillion, a price-to-earnings ratio of 89.11, a PEG ratio of 1.99 and a beta of 1.20.

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, topping analysts' consensus estimates of $1.66 by $0.03. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. 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 posted $1.24 earnings per share. The business's quarterly revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities research analysts predict that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

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

Insider Activity at Broadcom

In other news, CFO Kirsten M. Spears sold 7,498 shares of Broadcom stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $347.66, for a total value of $2,606,754.68. Following the sale, the chief financial officer directly owned 313,330 shares in the company, valued at $108,932,307.80. This trade represents a 2.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Henry Samueli sold 368,797 shares of the stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the transaction, the director owned 37,722,534 shares of the company's stock, valued at $12,746,821,463.94. The trade was a 0.97% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,464,248. Insiders own 2.00% of the company's stock.

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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