Broadcom Inc. $AVGO Stake Reduced by Belpointe Asset Management LLC

Key Points

• Belpointe Asset Management LLC reduced its stake in Broadcom Inc. by 7.3%, selling 2,564 shares during the 2nd quarter, bringing its total holdings to 32,687 shares worth approximately $9 million.
• Insiders have been actively selling shares, with Mark David Brazeal selling 16,558 shares for about $5.76 million, while insider Charlie B. Kawwas sold 3,893 shares for approximately $1.35 million.
• Broadcom recently declared a quarterly dividend of $0.59 per share, resulting in an annualized dividend yield of 0.7% and a payout ratio of 60.20%.

Belpointe Asset Management LLC cut its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 7.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,687 shares of the semiconductor manufacturer's stock after selling 2,564 shares during the quarter. Belpointe Asset Management LLC's holdings in Broadcom were worth $9,010,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AVGO. Barnes Dennig Private Wealth Management LLC bought a new stake in Broadcom in the first quarter worth about $25,000. Cheviot Value Management LLC purchased a new position in Broadcom in the 1st quarter worth about $25,000. Inlight Wealth Management LLC purchased a new position in Broadcom in the 1st quarter worth about $26,000. Sawyer & Company Inc increased its stake in Broadcom by 62.1% in the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock worth $26,000 after purchasing an additional 36 shares in the last quarter. Finally, Legend Financial Advisors Inc. purchased a new position in Broadcom in the 2nd quarter worth about $28,000. 76.43% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Mark David Brazeal sold 16,558 shares of the business's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total value of $5,755,726.38. Following the completion of the sale, the insider owned 329,302 shares of the company's stock, valued at approximately $114,468,668.22. The trade was a 4.79% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Charlie B. Kawwas sold 3,893 shares of the business's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total value of $1,354,063.26. Following the completion of the sale, the insider directly owned 25,295 shares of the company's stock, valued at approximately $8,798,106.90. The trade was a 13.34% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 3,550 shares of company stock worth $1,227,869 and have sold 666,071 shares worth $225,623,008. 2.00% of the stock is owned by corporate insiders.

Broadcom Trading Down 5.9%

NASDAQ:AVGO opened at $324.63 on Friday. 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 fifty-two week low of $138.10 and a fifty-two week high of $374.23. The stock's 50-day moving average is $322.64 and its two-hundred day moving average is $262.37. The stock has a market cap of $1.53 trillion, a PE ratio of 82.81, a price-to-earnings-growth ratio of 1.91 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 EPS for the quarter, beating the consensus estimate of $1.66 by $0.03. The business had revenue of $15.95 billion during the quarter, compared to analysts' expectations of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The firm's quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities research analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on AVGO shares. Oppenheimer reissued an "outperform" rating and issued a $360.00 price target (up previously from $325.00) on shares of Broadcom in a research note on Friday, September 5th. Truist Financial lifted their price target on Broadcom from $295.00 to $365.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. Rosenblatt Securities lifted their price target on Broadcom from $340.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. The Goldman Sachs Group reissued a "buy" rating and issued a $340.00 price target on shares of Broadcom in a research note on Wednesday, August 13th. Finally, KeyCorp reaffirmed an "overweight" rating and set a $420.00 target price (up previously from $400.00) on shares of Broadcom in a research note on Tuesday, September 30th. Three research 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's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $357.22.

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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