Consolidated Investment Group LLC Sells 4,600 Shares of Broadcom Inc. $AVGO

Consolidated Investment Group LLC trimmed its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 4.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 94,700 shares of the semiconductor manufacturer's stock after selling 4,600 shares during the period. Broadcom accounts for about 3.5% of Consolidated Investment Group LLC's investment portfolio, making the stock its 5th largest position. Consolidated Investment Group LLC's holdings in Broadcom were worth $26,104,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in AVGO. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Broadcom during the 1st quarter worth about $25,000. Cheviot Value Management LLC acquired a new stake in shares of Broadcom during the 1st quarter worth about $25,000. Inlight Wealth Management LLC acquired a new stake in shares of Broadcom during the 1st quarter worth about $26,000. Sawyer & Company Inc boosted its stake in shares of Broadcom by 62.1% during the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock worth $26,000 after purchasing an additional 36 shares during the last quarter. Finally, Legend Financial Advisors Inc. acquired a new stake in shares of Broadcom during the 2nd quarter worth about $28,000. 76.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Broadcom

In other news, insider Mark David Brazeal sold 16,558 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider owned 329,302 shares of the company's stock, valued at approximately $114,468,668.22. This trade represents a 4.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Charlie B. Kawwas sold 3,893 shares of the firm's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the sale, the insider directly owned 25,295 shares of the company's stock, valued at $8,798,106.90. The trade was a 13.34% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have bought 3,550 shares of company stock valued at $1,227,869 and have sold 666,071 shares valued at $225,623,008. Company insiders own 2.00% of the company's stock.

Broadcom Trading Up 2.7%

NASDAQ AVGO opened at $345.50 on Thursday. Broadcom Inc. has a one year low of $138.10 and a one year high of $374.23. The company's 50 day moving average price is $320.89 and its 200 day moving average price is $260.37. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. The firm has a market capitalization of $1.63 trillion, a price-to-earnings ratio of 88.14, a PEG ratio of 1.86 and a beta of 1.20.

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

Broadcom Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. Broadcom's dividend payout ratio (DPR) is currently 60.20%.

Analyst Ratings Changes

Several equities research analysts have issued reports on AVGO shares. Oppenheimer reaffirmed an "outperform" rating and set a $360.00 price target (up from $325.00) on shares of Broadcom in a research note on Friday, September 5th. Argus increased their price objective on shares of Broadcom from $285.00 to $375.00 and gave the stock a "buy" rating in a report on Monday, September 8th. Arete Research upgraded shares of Broadcom to a "strong-buy" rating in a report on Monday, July 28th. Benchmark increased their price objective on shares of Broadcom from $315.00 to $385.00 and gave the stock a "buy" rating in a report on Friday, September 5th. Finally, KeyCorp reiterated an "overweight" rating and set a $420.00 price objective (up from $400.00) on shares of Broadcom in a report on Tuesday, September 30th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $357.22.

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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