Broadcom Inc. $AVGO Shares Sold by Three Seasons Wealth LLC

Key Points

• Three Seasons Wealth LLC cut its Broadcom position by 24.3% in the second quarter, selling 1,671 shares and retaining 5,204 shares valued at approximately $1.97 million. Institutional investors and hedge funds collectively own 76.43% of the company.
• Broadcom insiders sold heavily: insiders sold 61,644 shares worth about $24.0 million over the past 90 days, including a director’s sale of roughly $599,000 and an insider’s $10.0 million transaction.
• Analyst sentiment remains positive despite valuation concerns. Broadcom beat quarterly earnings and revenue estimates, with revenue up 85.5% year over year, while analysts maintain a “Moderate Buy” consensus and an average price target of $505.97.

Three Seasons Wealth LLC trimmed its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 24.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,204 shares of the semiconductor manufacturer's stock after selling 1,671 shares during the period. Three Seasons Wealth LLC's holdings in Broadcom were worth $1,966,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Shum Financial Group Inc. raised its position in Broadcom by 10.1% during the 2nd quarter. Shum Financial Group Inc. now owns 3,149 shares of the semiconductor manufacturer's stock worth $1,190,000 after buying an additional 290 shares during the last quarter. SMART Wealth LLC boosted its holdings in shares of Broadcom by 7.9% in the second quarter. SMART Wealth LLC now owns 2,725 shares of the semiconductor manufacturer's stock valued at $1,029,000 after acquiring an additional 199 shares in the last quarter. Nabity Jensen Investment Management Inc boosted its holdings in shares of Broadcom by 15.0% in the second quarter. Nabity Jensen Investment Management Inc now owns 2,225 shares of the semiconductor manufacturer's stock valued at $840,000 after acquiring an additional 291 shares in the last quarter. Legacy Wealth Managment LLC ID increased its stake in shares of Broadcom by 157.0% during the second quarter. Legacy Wealth Managment LLC ID now owns 2,408 shares of the semiconductor manufacturer's stock worth $910,000 after acquiring an additional 1,471 shares during the period. Finally, Lord & Richards Wealth Management LLC acquired a new position in shares of Broadcom during the second quarter worth about $1,298,000. 76.43% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Justine Page sold 1,602 shares of the business's stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $373.86, for a total value of $598,923.72. Following the completion of the transaction, the director owned 17,426 shares of the company's stock, valued at $6,514,884.36. The trade was a 8.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Mark Brazeal sold 25,000 shares of the company's stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $401.33, for a total transaction of $10,033,250.00. Following the transaction, the insider directly owned 194,989 shares in the company, valued at $78,254,935.37. The trade was a 11.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 61,644 shares of company stock valued at $24,016,214 in the last ninety days. Insiders own 1.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Piper Sandler began coverage on shares of Broadcom in a research report on Wednesday. They issued an "overweight" rating and a $460.00 price objective for the company. TD Cowen reiterated a "buy" rating and set a $475.00 target price (down from $500.00) on shares of Broadcom in a research report on Thursday, September 3rd. Lake Street Capital upgraded Broadcom to a "buy" rating in a research report on Thursday, September 3rd. Evercore set a $578.00 target price on Broadcom in a research note on Thursday, September 3rd. Finally, Oppenheimer reissued an "outperform" rating and issued a $535.00 price target (up from $450.00) on shares of Broadcom in a report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $505.97.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Analyst upgrade: Piper Sandler upgraded Broadcom to “strong buy,” reinforcing confidence in the company’s earnings growth and AI semiconductor outlook. Zacks Broadcom analyst upgrade
• Positive Sentiment: AI revenue expectations remain a major catalyst: Broadcom projects approximately $115 billion in AI semiconductor revenue for fiscal 2027 and $230 billion for fiscal 2028. Custom accelerators and networking products are benefiting from hyperscalers seeking lower-cost, workload-specific alternatives to Nvidia’s chips. Broadcom AI semiconductor revenue forecast
• Positive Sentiment: Strong customer demand: OpenAI, Anthropic, Alphabet and Meta are cited as buyers or potential buyers of Broadcom-designed accelerators, supporting the view that the company can gain share as AI infrastructure becomes more diversified. Broadcom custom AI accelerator demand
• Positive Sentiment: Recent execution was solid: Broadcom exceeded quarterly earnings and revenue estimates, while revenue rose sharply year over year. Analysts continue to argue that improving profits could eventually support a significantly higher valuation. Broadcom earnings and analyst coverage
• Neutral Sentiment: Market and valuation backdrop: Rising Treasury yields and a high earnings multiple are encouraging investors to scrutinize expensive AI stocks, even when long-term demand remains strong. Broadcom’s ability to deliver on its 2027–2028 forecasts will be critical.
• Negative Sentiment: Competitive uncertainty: Google’s internal chip efforts and OpenAI’s newly disclosed Samsung partnership have raised questions about whether some future custom-chip business could bypass Broadcom. The impact is unclear, but the developments may pressure near-term sentiment. Broadcom Google chip risks

Broadcom Stock Performance

Shares of AVGO stock opened at $361.99 on Monday. The company has a quick ratio of 2.29, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The stock has a market cap of $1.73 trillion, a P/E ratio of 46.23 and a beta of 1.44. The business has a fifty day simple moving average of $383.03 and a 200-day simple moving average of $378.66. Broadcom Inc. has a fifty-two week low of $289.96 and a fifty-two week high of $495.00.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.10. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The company had revenue of $29.59 billion for the quarter, compared to the consensus estimate of $29.24 billion. During the same quarter in the prior year, the firm earned $1.69 earnings per share. The company's revenue for the quarter was up 85.5% compared to the same quarter last year. On average, analysts forecast that Broadcom Inc. will post 10.36 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be paid a $0.65 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a $2.60 annualized dividend and a yield of 0.7%. Broadcom's payout ratio is presently 33.21%.

About Broadcom

Broadcom Inc NASDAQ: AVGO designs, develops and supplies semiconductor and infrastructure software products for businesses, telecommunications providers and other organizations worldwide. Its semiconductor portfolio includes networking and connectivity components, custom application-specific integrated circuits, broadband and wireless communications products, storage adapters, optical components, and industrial solutions.

The company also provides enterprise infrastructure software through businesses including VMware, which offers virtualization and private- and hybrid-cloud solutions; mainframe and enterprise software; and cybersecurity products.

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