Broadcom Inc. $AVGO Stock Position Decreased by Integrated Wealth Concepts LLC

Key Points

• Integrated Wealth Concepts LLC reduced its position in Broadcom by 17.1% during Q1, owning 112,866 shares valued at approximately $18.9 million after selling 23,270 shares.
• Several institutional investors have recently increased their stakes in Broadcom, with Brighton Jones LLC raising its stake by 21.8% in Q4.
• Broadcom declared a quarterly dividend of $0.59, representing an annual yield of 0.8%, with a dividend payout ratio of 88.39%.

Integrated Wealth Concepts LLC cut its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 17.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,866 shares of the semiconductor manufacturer's stock after selling 23,270 shares during the period. Integrated Wealth Concepts LLC's holdings in Broadcom were worth $18,897,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC raised its stake in shares of Broadcom by 21.8% in the 4th quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer's stock valued at $6,882,000 after acquiring an additional 5,322 shares in the last quarter. Revolve Wealth Partners LLC raised 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 acquiring an additional 756 shares in the last quarter. Bank Pictet & Cie Europe AG increased its position in Broadcom by 16.4% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 221,199 shares of the semiconductor manufacturer's stock worth $51,283,000 after buying an additional 31,225 shares during the period. Dimension Capital Management LLC bought a new position in Broadcom in the 4th quarter worth approximately $313,000. Finally, Clear Street Derivatives LLC increased its position in Broadcom by 342.2% in the 4th quarter. Clear Street Derivatives LLC now owns 107,900 shares of the semiconductor manufacturer's stock worth $25,016,000 after buying an additional 83,500 shares during the period. 76.43% of the stock is owned by hedge funds and other institutional investors.

Broadcom Price Performance

Shares of AVGO stock opened at $306.10 on Friday. The stock's fifty day simple moving average is $290.78 and its 200 day simple moving average is $236.51. 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 has a market cap of $1.44 trillion, a price-to-earnings ratio of 114.64, a P/E/G ratio of 2.15 and a beta of 1.16. Broadcom Inc. has a one year low of $134.90 and a one year high of $317.35.

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 for the quarter, compared to analyst estimates of $15.82 billion. Broadcom had a return on equity of 35.49% and a net margin of 22.64%.Broadcom's quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. On average, analysts expect 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 paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.8%. Broadcom's dividend payout ratio is 88.39%.

Insiders Place Their Bets

In related news, CEO Hock E. Tan sold 40,000 shares of the business's stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $268.29, for a total value of $10,731,600.00. Following the sale, the chief executive officer owned 482,836 shares of the company's stock, valued at $129,540,070.44. The trade was a 7.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kirsten M. Spears sold 36,350 shares of Broadcom stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $261.27, for a total value of $9,497,164.50. Following the completion of the transaction, the chief financial officer owned 325,587 shares of the company's stock, valued at approximately $85,066,115.49. The trade was a 10.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 830,516 shares of company stock worth $217,286,457 over the last quarter. Corporate insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on AVGO shares. Piper Sandler lifted their price target on Broadcom from $300.00 to $315.00 and gave the stock an "overweight" rating in a research report on Friday, August 22nd. Arete Research raised Broadcom to a "strong-buy" rating in a research report on Monday, July 28th. KeyCorp lifted their price target on Broadcom from $315.00 to $330.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Rosenblatt Securities lifted their price target on Broadcom from $223.00 to $340.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. Finally, HSBC raised Broadcom from a "hold" rating to a "buy" rating and set a $400.00 price objective on the stock in a report on Tuesday, June 24th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $304.17.

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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