Broadcom Inc. $AVGO Shares Sold by Oak Harvest Investment Services

Key Points

• Oak Harvest Investment Services sold 15,693 shares of Broadcom Inc., reducing its holdings by 20% in the first quarter, leaving it with a total of 62,632 shares valued at approximately $10.5 million.
• Insider sales included Mark David Brazeal selling 50,000 shares for $12.66 million and Director Henry Samueli selling 473,898 shares for $125.74 million, indicating significant movement in executive ownership.
• Broadcom's stock has been rated as a Buy by multiple analysts, with price targets recently increasing significantly, reflecting positive market sentiment.

Oak Harvest Investment Services decreased its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 20.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 62,632 shares of the semiconductor manufacturer's stock after selling 15,693 shares during the quarter. Broadcom accounts for about 1.5% of Oak Harvest Investment Services' holdings, making the stock its 20th largest holding. Oak Harvest Investment Services' holdings in Broadcom were worth $10,486,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. PARUS FINANCE UK Ltd increased its stake in Broadcom by 175.3% during the 1st quarter. PARUS FINANCE UK Ltd now owns 100,578 shares of the semiconductor manufacturer's stock worth $16,840,000 after buying an additional 64,038 shares in the last quarter. Keener Financial Planning LLC increased its stake in Broadcom by 34.8% during the 1st quarter. Keener Financial Planning LLC now owns 890 shares of the semiconductor manufacturer's stock worth $149,000 after buying an additional 230 shares in the last quarter. Diversify Wealth Management LLC increased its stake in Broadcom by 5.6% during the 1st quarter. Diversify Wealth Management LLC now owns 38,016 shares of the semiconductor manufacturer's stock worth $6,365,000 after buying an additional 2,016 shares in the last quarter. OMNI 360 Wealth Inc. increased its stake in Broadcom by 51.6% during the 1st quarter. OMNI 360 Wealth Inc. now owns 2,980 shares of the semiconductor manufacturer's stock worth $499,000 after buying an additional 1,014 shares in the last quarter. Finally, Algert Global LLC increased its stake in Broadcom by 8.2% during the 1st quarter. Algert Global LLC now owns 60,976 shares of the semiconductor manufacturer's stock worth $10,209,000 after buying an additional 4,618 shares in the last quarter. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Broadcom

In related news, insider Mark David Brazeal sold 50,000 shares of the company's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $253.28, for a total value of $12,664,000.00. Following the transaction, the insider directly owned 415,956 shares in the company, valued at approximately $105,353,335.68. This represents a 10.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Henry Samueli sold 473,898 shares of the company's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $265.33, for a total value of $125,739,356.34. Following the completion of the transaction, the director owned 38,188,575 shares in the company, valued at $10,132,574,604.75. This represents a 1.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 830,516 shares of company stock valued at $217,286,457 in the last ninety days. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Bank of America boosted their price objective on Broadcom from $240.00 to $300.00 and gave the stock a "buy" rating in a research note on Friday, June 6th. Erste Group Bank upgraded Broadcom from a "hold" rating to a "buy" rating in a research note on Thursday, June 5th. Seaport Res Ptn upgraded Broadcom to a "strong-buy" rating in a research report on Wednesday, April 30th. Benchmark upped their price target on Broadcom from $255.00 to $315.00 and gave the company a "buy" rating in a research report on Friday, June 6th. Finally, UBS Group upped their price target on Broadcom from $270.00 to $290.00 and gave the company a "buy" rating in a research report on Friday, June 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $298.67.

Broadcom Price Performance

AVGO stock opened at $294.00 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.08 and a quick ratio of 0.98. The business has a 50 day simple moving average of $282.85 and a 200-day simple moving average of $232.34. The firm has a market capitalization of $1.38 trillion, a PE ratio of 110.11, a price-to-earnings-growth ratio of 2.09 and a beta of 1.15. Broadcom Inc. has a 1 year low of $134.90 and a 1 year high of $317.35.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings data on Thursday, June 5th. The semiconductor manufacturer reported $1.58 EPS for the quarter, beating analysts' consensus estimates of $1.57 by $0.01. Broadcom had a return on equity of 35.49% and a net margin of 22.64%.The firm had revenue of $15 billion for the quarter, compared to analysts' expectations of $14.98 billion. During the same period in the prior year, the firm posted $10.96 earnings per share. The firm's quarterly revenue was up 20.2% on a year-over-year basis. Broadcom has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 20th were issued a $0.59 dividend. The ex-dividend date was Friday, June 20th. This represents a $2.36 dividend on an annualized basis and a yield of 0.8%. Broadcom's dividend payout ratio is currently 88.39%.

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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