Clarius Group LLC Cuts Position in Broadcom Inc. $AVGO

Key Points

• Clarius Group LLC reduced its stake in Broadcom Inc. by 8.5%, selling 2,676 shares and holding 28,805 shares worth approximately $7.94 million at the end of the second quarter.
• Broadcom reported earnings of $1.69 EPS, exceeding estimates, with $15.95 billion in revenue for the quarter, marking a 22% year-over-year increase.
• The company announced a quarterly dividend of $0.59 per share, contributing to an annualized dividend yield of 0.7% and a dividend payout ratio of 60.20%.

Clarius Group LLC lessened its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 8.5% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,805 shares of the semiconductor manufacturer's stock after selling 2,676 shares during the period. Clarius Group LLC's holdings in Broadcom were worth $7,940,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. PARUS FINANCE UK Ltd lifted its stake in Broadcom by 175.3% in the first quarter. PARUS FINANCE UK Ltd now owns 100,578 shares of the semiconductor manufacturer's stock valued at $16,840,000 after purchasing an additional 64,038 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Broadcom by 27.9% in the first quarter. Geneos Wealth Management Inc. now owns 64,130 shares of the semiconductor manufacturer's stock worth $10,737,000 after purchasing an additional 13,978 shares during the period. Asio Capital LLC increased its holdings in shares of Broadcom by 2.0% in the second quarter. Asio Capital LLC now owns 54,459 shares of the semiconductor manufacturer's stock worth $15,012,000 after purchasing an additional 1,089 shares during the period. Keener Financial Planning LLC increased its stake in Broadcom by 34.8% in the first quarter. Keener Financial Planning LLC now owns 890 shares of the semiconductor manufacturer's stock valued at $149,000 after acquiring an additional 230 shares during the last quarter. Finally, Diversify Wealth Management LLC increased its stake in Broadcom by 5.6% in the first quarter. Diversify Wealth Management LLC now owns 38,016 shares of the semiconductor manufacturer's stock valued at $6,365,000 after acquiring an additional 2,016 shares during the last quarter. Hedge funds and other institutional investors own 76.43% of the company's stock.

Broadcom Trading Down 0.1%

Shares of AVGO stock opened at $345.02 on Friday. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $374.23. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. The firm's 50 day moving average is $321.92 and its 200 day moving average is $261.43. The stock has a market capitalization of $1.63 trillion, a P/E ratio of 88.02, a P/E/G ratio of 1.91 and a beta of 1.20.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.03. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The company had revenue of $15.95 billion for the quarter, compared to analysts' expectations of $15.82 billion. During the same quarter last year, the company posted $1.24 earnings per share. The firm's quarterly revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. Research analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, September 22nd. Broadcom's dividend payout ratio (DPR) is currently 60.20%.

Analysts Set New Price Targets

A number of research firms recently commented on AVGO. Argus increased their target price on Broadcom from $285.00 to $375.00 and gave the company a "buy" rating in a research note on Monday, September 8th. Wells Fargo & Company increased their target price on shares of Broadcom from $255.00 to $345.00 and gave the stock an "equal weight" rating in a report on Friday, September 5th. Weiss Ratings lowered shares of Broadcom from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday. Hsbc Global Res upgraded shares of Broadcom from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 24th. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $360.00 target price (up previously from $325.00) on shares of Broadcom in a research note on Friday, September 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Broadcom presently has an average rating of "Buy" and an average target price of $357.22.

Insider Buying and Selling at Broadcom

In related news, insider Mark David Brazeal sold 16,558 shares of Broadcom stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the transaction, the insider owned 329,302 shares in the company, valued at approximately $114,468,668.22. The trade was a 4.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kirsten M. Spears sold 7,498 shares of Broadcom stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.66, for a total transaction of $2,606,754.68. Following the transaction, the chief financial officer owned 313,330 shares in the company, valued at approximately $108,932,307.80. This trade represents a 2.34% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 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 insiders.

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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