Broadcom Inc. $AVGO Stock Holdings Trimmed by Palogic Value Management L.P.

Key Points

• Palogic Value Management L.P. has reduced its stake in Broadcom Inc. by 29.6%, now holding 37,001 shares worth approximately $6.2 million, making it their 4th largest position.
• Insiders have sold 830,516 shares of Broadcom stock valued at around $217 million in the past 90 days, reflecting a significant decrease in their ownership.
• Broadcom has received various ratings upgrades from brokerages, with target prices ranging from $255.00 to $400.00, currently averaging a "Buy" rating with a consensus target price of $301.79.

Palogic Value Management L.P. decreased its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 29.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,001 shares of the semiconductor manufacturer's stock after selling 15,534 shares during the quarter. Broadcom makes up 2.7% of Palogic Value Management L.P.'s portfolio, making the stock its 4th biggest holding. Palogic Value Management L.P.'s holdings in Broadcom were worth $6,195,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of AVGO. Barnes Dennig Private Wealth Management LLC purchased a new stake in Broadcom in the first quarter worth about $25,000. Cheviot Value Management LLC purchased a new stake in shares of Broadcom during the first quarter worth about $25,000. Inlight Wealth Management LLC purchased a new stake in shares of Broadcom during the first quarter worth about $26,000. Sunbeam Capital Management LLC purchased a new stake in shares of Broadcom during the fourth quarter worth about $28,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in shares of Broadcom during the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 76.43% of the company's stock.

Insider Activity

In related news, Director Justine Page sold 800 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $307.46, for a total transaction of $245,968.00. Following the completion of the sale, the director directly owned 23,782 shares of the company's stock, valued at approximately $7,312,013.72. This trade represents a 3.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gayla J. Delly sold 3,000 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $265.13, for a total value of $795,390.00. Following the sale, the director directly owned 33,352 shares of the company's stock, valued at $8,842,615.76. This represents a 8.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 830,516 shares of company stock worth $217,286,457 in the last three months. Corporate insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. KeyCorp increased their target price on Broadcom from $315.00 to $330.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. UBS Group increased their target price on Broadcom from $290.00 to $345.00 and gave the stock a "buy" rating in a research report on Monday, August 25th. Evercore ISI restated an "outperform" rating and set a $304.00 price target (up previously from $267.00) on shares of Broadcom in a report on Friday, June 6th. Susquehanna raised their price target on Broadcom from $280.00 to $300.00 and gave the company a "positive" rating in a report on Friday, June 6th. Finally, Hsbc Global Res upgraded Broadcom from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 24th. Three investment 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $301.79.

Broadcom Trading Down 3.6%

Shares of Broadcom stock traded down $11.26 on Friday, reaching $297.39. The company had a trading volume of 21,581,160 shares, compared to its average volume of 17,630,644. The firm has a market cap of $1.40 trillion, a price-to-earnings ratio of 111.38, a P/E/G ratio of 2.11 and a beta of 1.16. 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 firm's 50-day moving average price is $287.74 and its two-hundred day moving average price is $234.66. 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 announced its earnings results on Thursday, June 5th. The semiconductor manufacturer reported $1.58 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $14.98 billion. During the same quarter in the previous year, the business earned $10.96 EPS. The company's quarterly revenue was up 20.2% on a year-over-year basis. Broadcom has set its Q3 2025 guidance at EPS. As a group, research analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 20th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, June 20th. Broadcom's dividend payout ratio (DPR) 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.