Broadcom Inc. $AVGO Shares Sold by Valicenti Advisory Services Inc.

Key Points

• Valicenti Advisory Services Inc. reduced its stake in Broadcom Inc. by 6.9% during the second quarter, holding 52,563 shares valued at approximately $14.49 million.
• Insider trading activity includes Mark David Brazeal selling 16,558 shares and Henry Samueli selling 368,797 shares, with significant decreases in their ownership percentages.
• Broadcom's stock has received positive projections from analysts, with price targets raised by firms such as Mizuho, reaching up to $410, contributing to a consensus "Buy" rating.

Valicenti Advisory Services Inc. trimmed its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 6.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,563 shares of the semiconductor manufacturer's stock after selling 3,866 shares during the quarter. Broadcom makes up about 3.4% of Valicenti Advisory Services Inc.'s portfolio, making the stock its 9th largest holding. Valicenti Advisory Services Inc.'s holdings in Broadcom were worth $14,489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in AVGO. Brighton Jones LLC grew its holdings in Broadcom by 21.8% during the 4th quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer's stock worth $6,882,000 after acquiring an additional 5,322 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Broadcom by 10.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer's stock valued at $1,854,000 after purchasing an additional 756 shares during the last quarter. Baker Tilly Wealth Management LLC boosted its stake in shares of Broadcom by 1.3% in the 1st quarter. Baker Tilly Wealth Management LLC now owns 8,298 shares of the semiconductor manufacturer's stock valued at $1,389,000 after purchasing an additional 110 shares during the last quarter. Fiduciary Alliance LLC lifted its position in shares of Broadcom by 12.1% during the 1st quarter. Fiduciary Alliance LLC now owns 30,988 shares of the semiconductor manufacturer's stock valued at $5,188,000 after acquiring an additional 3,349 shares during the period. Finally, Worth Asset Management LLC lifted its position in shares of Broadcom by 505.3% during the 1st quarter. Worth Asset Management LLC now owns 13,915 shares of the semiconductor manufacturer's stock valued at $2,330,000 after acquiring an additional 11,616 shares during the period. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Mark David Brazeal sold 16,558 shares of Broadcom stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total value of $5,755,726.38. Following the sale, the insider owned 329,302 shares in the company, valued at $114,468,668.22. The trade was a 4.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Henry Samueli sold 368,797 shares of Broadcom stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the completion of the sale, the director owned 37,722,534 shares in the company, valued at approximately $12,746,821,463.94. This trade represents a 0.97% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 3,550 shares of company stock valued at $1,227,869 and have sold 666,071 shares valued at $225,623,008. 2.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AVGO has been the topic of several research reports. Citigroup upped their price objective on shares of Broadcom from $315.00 to $350.00 and gave the stock a "buy" rating in a report on Friday, September 5th. Mizuho increased their target price on shares of Broadcom from $355.00 to $410.00 and gave the company an "outperform" rating in a report on Friday, September 12th. UBS Group increased their price target on shares of Broadcom from $290.00 to $345.00 and gave the company a "buy" rating in a research report on Monday, August 25th. Oppenheimer reiterated an "outperform" rating and issued a $360.00 target price (up previously from $325.00) on shares of Broadcom in a research note on Friday, September 5th. Finally, Evercore ISI reissued an "outperform" rating and issued a $342.00 price target (up previously from $304.00) on shares of Broadcom in a research report on Thursday, September 4th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $356.48.

Broadcom Trading Down 2.0%

Shares of AVGO opened at $327.90 on Tuesday. The firm's 50 day simple moving average is $314.46 and its 200 day simple moving average is $254.25. The company has a market capitalization of $1.55 trillion, a P/E ratio of 83.65, a P/E/G ratio of 1.85 and a beta of 1.16. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $374.23.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The business's quarterly revenue was up 22.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Sell-side analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 22nd will be issued a $0.59 dividend. The ex-dividend date is Monday, September 22nd. This represents a $2.36 annualized dividend and a yield of 0.7%. Broadcom's payout ratio is 60.20%.

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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