Broadcom Inc. $AVGO Stake Trimmed by Crumly & Associates Inc.

Key Points

• Crumly & Associates Inc. has reduced its stake in Broadcom Inc. by 8.3%, selling 913 shares and maintaining ownership of 10,053 shares worth approximately $2,771,000.
• Several institutional investors, including Nuveen LLC and Price T Rowe Associates Inc., have made significant increases in their holdings, showcasing strong institutional interest in Broadcom.
• Broadcom's stock reported a modest opening increase of 0.1%, with a latest trading price of $359.87, and a substantial market capitalization of $1.69 trillion.

Crumly & Associates Inc. lowered its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 8.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,053 shares of the semiconductor manufacturer's stock after selling 913 shares during the quarter. Crumly & Associates Inc.'s holdings in Broadcom were worth $2,771,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of AVGO. Nuveen LLC purchased a new position in Broadcom in the 1st quarter worth about $6,649,117,000. Price T Rowe Associates Inc. MD increased its stake in Broadcom by 37.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer's stock worth $10,968,270,000 after purchasing an additional 17,985,046 shares in the last quarter. GAMMA Investing LLC increased its stake in Broadcom by 18,179.3% in the 1st quarter. GAMMA Investing LLC now owns 17,276,164 shares of the semiconductor manufacturer's stock worth $2,892,548,000 after purchasing an additional 17,181,652 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Broadcom by 16.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 31,854,414 shares of the semiconductor manufacturer's stock worth $5,333,384,000 after purchasing an additional 4,550,647 shares in the last quarter. Finally, Deutsche Bank AG increased its stake in Broadcom by 36.9% in the 1st quarter. Deutsche Bank AG now owns 15,758,895 shares of the semiconductor manufacturer's stock worth $2,638,512,000 after purchasing an additional 4,245,345 shares in the last quarter. Hedge funds and other institutional investors own 76.43% of the company's stock.

Insider Transactions at Broadcom

In related news, Director Justine Page sold 800 shares of the business'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 value of $245,968.00. Following the completion of the sale, the director directly owned 23,782 shares in the company, valued at approximately $7,312,013.72. The trade was a 3.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Henry Samueli sold 473,898 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $265.33, for a total value of $125,739,356.34. Following the completion of the sale, the director owned 38,188,575 shares of the company's stock, valued at approximately $10,132,574,604.75. This trade represents a 1.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders acquired 3,550 shares of company stock worth $1,227,869 and sold 850,912 shares worth $234,854,489. Company insiders own 2.00% of the company's stock.

Broadcom Stock Up 0.1%

Shares of Broadcom stock opened at $359.87 on Friday. The firm has a market cap of $1.69 trillion, a price-to-earnings ratio of 91.80, a P/E/G ratio of 1.99 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 52-week low of $138.10 and a 52-week high of $374.23. The stock has a 50-day simple moving average of $300.31 and a 200-day simple moving average of $241.98.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (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 analyst estimates of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The firm's revenue was up 22.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. On average, equities research analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The business also recently announced 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. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, September 22nd. Broadcom's payout ratio is 60.20%.

Analyst Ratings Changes

AVGO has been the subject of a number of research reports. Hsbc Global Res upgraded Broadcom from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, June 24th. Piper Sandler raised their price objective on Broadcom from $315.00 to $375.00 and gave the stock an "overweight" rating in a research report on Friday, September 5th. Arete Research upgraded Broadcom to a "strong-buy" rating in a research report on Monday, July 28th. TD Cowen raised their price objective on Broadcom from $355.00 to $370.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. Finally, Citigroup raised their price objective on Broadcom from $315.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $354.04.

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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