Consolidated Planning Corp Has $19.11 Million Position in Broadcom Inc. $AVGO

Key Points

• Consolidated Planning Corp has reduced its stake in Broadcom by 4.0%, now holding 69,333 shares valued at approximately $19.11 million, making Broadcom its 8th largest holding.
• Analysts have provided a positive outlook for Broadcom, with multiple upgrades in ratings and price targets, including Barclays raising its target from $265 to $400.
• Broadcom recently reported better-than-expected quarterly earnings, with a revenue increase of 22.0% year-over-year and an EPS of $1.69, surpassing analysts' expectations of $1.66.

Consolidated Planning Corp trimmed its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 4.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,333 shares of the semiconductor manufacturer's stock after selling 2,920 shares during the quarter. Broadcom accounts for 2.4% of Consolidated Planning Corp's holdings, making the stock its 8th biggest holding. Consolidated Planning Corp's holdings in Broadcom were worth $19,112,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Robeco Institutional Asset Management B.V. boosted its holdings in Broadcom by 4.9% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 3,436,613 shares of the semiconductor manufacturer's stock valued at $947,302,000 after purchasing an additional 161,265 shares during the period. Clarity Financial LLC increased its stake in Broadcom by 1.9% during the 2nd quarter. Clarity Financial LLC now owns 2,469 shares of the semiconductor manufacturer's stock worth $681,000 after acquiring an additional 47 shares during the period. Woodward Diversified Capital LLC raised its holdings in Broadcom by 44.2% in the 2nd quarter. Woodward Diversified Capital LLC now owns 6,453 shares of the semiconductor manufacturer's stock valued at $1,779,000 after acquiring an additional 1,978 shares in the last quarter. BOCHK Asset Management Ltd bought a new stake in shares of Broadcom during the 2nd quarter valued at $689,000. Finally, TPG Advisors LLC acquired a new stake in shares of Broadcom during the 2nd quarter worth $256,000. 76.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AVGO. Hsbc Global Res raised shares of Broadcom from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, June 24th. Barclays increased their price target on shares of Broadcom from $265.00 to $400.00 and gave the stock an "overweight" rating in a research report on Friday, September 5th. Macquarie began coverage on Broadcom in a research note on Monday, September 15th. They set an "outperform" rating and a $420.00 target price for the company. HSBC upgraded Broadcom from a "hold" rating to a "buy" rating and set a $400.00 price target on the stock in a research note on Tuesday, June 24th. Finally, Morgan Stanley raised their price objective on Broadcom from $338.00 to $357.00 and gave the company an "overweight" rating in a research note on Tuesday, September 2nd. Three analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $357.22.

Broadcom Price Performance

Shares of NASDAQ AVGO opened at $338.37 on Monday. The company has a market capitalization of $1.60 trillion, a PE ratio of 86.32, a P/E/G ratio of 1.87 and a beta of 1.20. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $374.23. The firm has a fifty day simple moving average of $318.43 and a 200 day simple moving average of $258.24.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued 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 business had revenue of $15.95 billion for the quarter, compared to analysts' expectations of $15.82 billion. During the same quarter in the prior year, the firm posted $1.24 earnings per share. The business's quarterly revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. On average, sell-side analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

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

Insider Transactions at Broadcom

In other news, Director Henry Samueli sold 368,797 shares of the firm's stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the completion of the sale, the director owned 37,722,534 shares of the company's stock, valued at $12,746,821,463.94. This trade represents a 0.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Charlie B. Kawwas sold 3,893 shares of Broadcom stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the completion of the sale, the insider owned 25,295 shares of the company's stock, valued at $8,798,106.90. This represents a 13.34% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 3,550 shares of company stock valued at $1,227,869 and sold 666,071 shares valued at $225,623,008. 2.00% of the stock is owned by corporate insiders.

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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