Compound Planning Inc. Sells 11,004 Shares of Broadcom Inc. $AVGO

Key Points

• Compound Planning Inc. reduced its holdings in Broadcom Inc. by 21.9%, selling 11,004 shares and now holding 39,283 shares valued at approximately $6.58 million.
• CEO Hock E. Tan recently sold 40,000 shares of Broadcom stock, decreasing his ownership by 7.65%, with the sale valued at around $10.73 million.
• Several institutional investors have increased their stakes in Broadcom, with Vanguard Group and Price T Rowe Associates as notable examples, highlighting strong institutional interest in the company.

Compound Planning Inc. trimmed its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 21.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,283 shares of the semiconductor manufacturer's stock after selling 11,004 shares during the quarter. Compound Planning Inc.'s holdings in Broadcom were worth $6,577,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Broadcom by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 477,220,137 shares of the semiconductor manufacturer's stock worth $79,900,968,000 after acquiring an additional 2,085,534 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Broadcom by 37.8% during 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 acquiring an additional 17,985,046 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Broadcom by 12.0% during the 4th quarter. Northern Trust Corp now owns 49,087,351 shares of the semiconductor manufacturer's stock worth $11,380,411,000 after acquiring an additional 5,258,925 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Broadcom during the 1st quarter worth approximately $6,649,117,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Broadcom by 1.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 34,401,379 shares of the semiconductor manufacturer's stock worth $7,975,616,000 after acquiring an additional 581,704 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors.

Insider Activity at Broadcom

In other Broadcom news, CEO Hock E. Tan sold 40,000 shares of the firm's stock in a transaction dated 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 completion of the sale, the chief executive officer owned 482,836 shares of the company's stock, valued at approximately $129,540,070.44. This trade represents a 7.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Justine Page sold 800 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at approximately $7,312,013.72. This represents a 3.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 830,516 shares of company stock valued at $217,286,457 over the last 90 days. Company insiders own 2.00% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on AVGO shares. Erste Group Bank upgraded Broadcom from a "hold" rating to a "buy" rating in a report on Thursday, June 5th. Benchmark increased their price target on Broadcom from $255.00 to $315.00 and gave the company a "buy" rating in a report on Friday, June 6th. Mizuho increased their price target on Broadcom from $315.00 to $320.00 and gave the company an "outperform" rating in a report on Wednesday, July 16th. Citigroup increased their price target on Broadcom from $285.00 to $315.00 and gave the company a "buy" rating in a report on Monday, July 7th. Finally, The Goldman Sachs Group reiterated a "buy" rating and issued a $340.00 target price on shares of Broadcom in a research note on Wednesday, August 13th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $295.96.

Broadcom Price Performance

AVGO opened at $289.60 on Friday. Broadcom Inc. has a 12-month low of $134.90 and a 12-month high of $317.35. The company has a current ratio of 1.08, a quick ratio of 0.98 and a debt-to-equity ratio of 0.89. The business's fifty day simple moving average is $281.94 and its 200-day simple moving average is $231.84. The company has a market capitalization of $1.36 trillion, a price-to-earnings ratio of 108.46, a PEG ratio of 2.07 and a beta of 1.15.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings data on Thursday, June 5th. The semiconductor manufacturer reported $1.58 earnings per share for the quarter, beating analysts' consensus estimates of $1.57 by $0.01. Broadcom had a return on equity of 35.49% and a net margin of 22.64%.The company had revenue of $15 billion for the quarter, compared to the consensus estimate of $14.98 billion. During the same quarter last year, the company earned $10.96 earnings per share. The firm's revenue for the quarter was up 20.2% compared to the same quarter last year. Broadcom has set its Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 20th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Friday, June 20th. This represents a $2.36 dividend on an annualized basis and a yield of 0.8%. Broadcom's dividend payout ratio (DPR) is presently 88.39%.

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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