CSM Advisors LLC Reduces Position in Broadcom Inc. $AVGO

Key Points

• CSM Advisors LLC reduced its stake in Broadcom Inc. by 15.4%, selling 13,725 shares during the first quarter, and now holds 75,490 shares valued at approximately $12.64 million.
• Broadcom's stock has received positive analyst ratings, with Barclays raising the price target from $215.00 to $265.00 and HSBC upgrading it to a "buy" with a target price of $400.00.
• CEO Hock E. Tan sold 117,758 shares of Broadcom stock, leading to a 10.40% decrease in his ownership, while insiders collectively sold 830,516 shares worth over $217 million in the last three months.

CSM Advisors LLC decreased its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 15.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,490 shares of the semiconductor manufacturer's stock after selling 13,725 shares during the period. CSM Advisors LLC's holdings in Broadcom were worth $12,638,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Sunbeam Capital Management LLC bought a new position in Broadcom in the 4th quarter worth about $28,000. Vermillion Wealth Management Inc. bought a new position in Broadcom in the 4th quarter worth about $30,000. Barnes Dennig Private Wealth Management LLC bought a new position in Broadcom in the 1st quarter worth about $25,000. Cheviot Value Management LLC bought a new position in Broadcom in the 1st quarter worth about $25,000. Finally, Inlight Wealth Management LLC bought a new position in Broadcom in the 1st quarter worth about $26,000. Institutional investors own 76.43% of the company's stock.

Broadcom Price Performance

Shares of AVGO traded up $8.40 during trading hours on Thursday, hitting $308.65. 18,873,670 shares of the stock were exchanged, compared to its average volume of 25,789,068. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.98 and a current ratio of 1.08. Broadcom Inc. has a 12-month low of $134.90 and a 12-month high of $317.35. The company has a market cap of $1.45 trillion, a price-to-earnings ratio of 115.60, a price-to-earnings-growth ratio of 2.12 and a beta of 1.15. The stock's 50-day moving average price is $285.64 and its two-hundred day moving average price is $233.74.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its earnings results on Thursday, June 5th. The semiconductor manufacturer reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $14.98 billion. During the same period in the prior year, the business earned $10.96 EPS. The firm's quarterly revenue was up 20.2% on a year-over-year basis. Broadcom has set its Q3 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 Monday, June 30th. Stockholders of record on Friday, June 20th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, June 20th. Broadcom's dividend payout ratio is 88.39%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Mizuho upped their target price on shares of Broadcom from $315.00 to $320.00 and gave the company an "outperform" rating in a research note on Wednesday, July 16th. Rosenblatt Securities increased their target price on shares of Broadcom from $223.00 to $340.00 and gave the stock a "buy" rating in a report on Friday, June 6th. Bank of America raised their target price on shares of Broadcom from $240.00 to $300.00 and gave the company a "buy" rating in a report on Friday, June 6th. Wells Fargo & Company lifted their target price on Broadcom from $230.00 to $255.00 and gave the stock an "equal weight" rating in a research report on Friday, June 6th. Finally, Piper Sandler lifted their target price on Broadcom from $300.00 to $315.00 and gave the stock an "overweight" rating in a research report on Friday, August 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $301.79.

Insider Activity

In other Broadcom news, Director Henry Samueli sold 473,898 shares of the stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $265.33, for a total value of $125,739,356.34. Following the sale, the director owned 38,188,575 shares of the company's stock, valued at $10,132,574,604.75. This trade represents a 1.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kirsten M. Spears sold 56,310 shares of the stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $251.75, for a total value of $14,176,042.50. Following the completion of the sale, the chief financial officer directly owned 361,937 shares in the company, valued at $91,117,639.75. This represents a 13.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 830,516 shares of company stock worth $217,286,457 in the last quarter. Insiders own 2.00% of the company's stock.

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.