Cantor Fitzgerald Investment Advisors L.P. Sells 2,038 Shares of Broadcom Inc. $AVGO

Key Points

• Cantor Fitzgerald Investment Advisors L.P. reduced its stake in Broadcom Inc. by 9.8%, selling 2,038 shares and holding a total of 18,767 shares valued at approximately $5.17 million.
• Several institutional investors, including Sawyer & Company and PFS Partners LLC, increased their holdings in Broadcom, highlighting strong interest from institutional investors who own 76.43% of the stock.
• Broadcom's stock has received multiple upward price target revisions from analysts, with Barclays raising their target from $265 to $400, reflecting growing confidence in the company's performance.

Cantor Fitzgerald Investment Advisors L.P. reduced its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 9.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,767 shares of the semiconductor manufacturer's stock after selling 2,038 shares during the quarter. Cantor Fitzgerald Investment Advisors L.P.'s holdings in Broadcom were worth $5,173,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Sawyer & Company Inc lifted its position in Broadcom by 62.1% in the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock valued at $26,000 after acquiring an additional 36 shares in the last quarter. PFS Partners LLC lifted its position in Broadcom by 38.4% in the 2nd quarter. PFS Partners LLC now owns 137 shares of the semiconductor manufacturer's stock valued at $38,000 after acquiring an additional 38 shares in the last quarter. Waddell & Associates LLC lifted its position in Broadcom by 2.1% in the 1st quarter. Waddell & Associates LLC now owns 2,091 shares of the semiconductor manufacturer's stock valued at $350,000 after acquiring an additional 43 shares in the last quarter. Luts & Greenleigh Group Inc. lifted its position in Broadcom by 1.3% in the 2nd quarter. Luts & Greenleigh Group Inc. now owns 3,405 shares of the semiconductor manufacturer's stock valued at $939,000 after acquiring an additional 44 shares in the last quarter. Finally, Challenger Wealth Management lifted its position in Broadcom by 1.3% in the 1st quarter. Challenger Wealth Management now owns 3,504 shares of the semiconductor manufacturer's stock valued at $587,000 after acquiring an additional 45 shares in the last quarter. 76.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AVGO shares. Barclays upped their price objective on Broadcom from $265.00 to $400.00 and gave the company an "overweight" rating in a research report on Friday, September 5th. KeyCorp reiterated an "overweight" rating and set a $420.00 target price (up from $400.00) on shares of Broadcom in a research note on Tuesday, September 30th. Evercore ISI reiterated an "outperform" rating and set a $342.00 target price (up from $304.00) on shares of Broadcom in a research note on Thursday, September 4th. Oppenheimer reiterated an "outperform" rating and set a $360.00 target price (up from $325.00) on shares of Broadcom in a research note on Friday, September 5th. Finally, Hsbc Global Res upgraded shares of Broadcom from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, June 24th. Three research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $357.22.

Insider Buying and Selling

In related news, CFO Kirsten M. Spears sold 7,498 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.66, for a total value of $2,606,754.68. Following the sale, the chief financial officer directly owned 313,330 shares of the company's stock, valued at $108,932,307.80. This represents a 2.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Hock E. Tan sold 100,000 shares of the stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $339.58, for a total transaction of $33,958,000.00. Following the completion of the sale, the chief executive officer directly owned 725,638 shares in the company, valued at $246,412,152.04. This trade represents a 12.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders bought 3,550 shares of company stock worth $1,227,869 and sold 666,071 shares worth $225,623,008. Company insiders own 2.00% of the company's stock.

Broadcom Stock Up 0.1%

Shares of NASDAQ:AVGO opened at $338.37 on Monday. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $374.23. The company has a 50-day moving average price of $318.43 and a 200 day moving average price of $258.24. The company has a market cap of $1.60 trillion, a price-to-earnings ratio of 86.32, a PEG ratio of 1.87 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 analysts' consensus estimates of $1.66 by $0.03. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The firm had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.82 billion. During the same quarter last year, the firm earned $1.24 EPS. The firm's revenue for the quarter was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities research analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

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

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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