Diversified Trust Co Sells 1,246 Shares of Broadcom Inc. $AVGO

Key Points

• Diversified Trust Co reduced its holdings in Broadcom Inc. by 0.8%, selling 1,246 shares but retaining a total of 149,756 shares worth approximately $41.28 million.
• Broadcom recently reported a quarterly earnings EPS of $1.69, surpassing analysts' expectations, with a significant year-over-year revenue increase of 22% to $15.95 billion.
• The company announced a quarterly dividend of $0.59 per share, representing an annualized yield of 0.7% and a payout ratio of 60.20%.

Diversified Trust Co decreased its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 0.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 149,756 shares of the semiconductor manufacturer's stock after selling 1,246 shares during the quarter. Broadcom accounts for about 0.9% of Diversified Trust Co's investment portfolio, making the stock its 18th largest holding. Diversified Trust Co's holdings in Broadcom were worth $41,280,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Nuveen LLC acquired a new stake in Broadcom in the 1st quarter worth approximately $6,649,117,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Broadcom by 37.8% during the first 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 buying an additional 17,985,046 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Broadcom by 18,179.3% during the 1st quarter. GAMMA Investing LLC now owns 17,276,164 shares of the semiconductor manufacturer's stock worth $2,892,548,000 after acquiring an additional 17,181,652 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Broadcom by 16.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 31,854,414 shares of the semiconductor manufacturer's stock valued at $5,333,384,000 after acquiring an additional 4,550,647 shares in the last quarter. Finally, Deutsche Bank AG increased its stake in shares of Broadcom by 36.9% in the 1st quarter. Deutsche Bank AG now owns 15,758,895 shares of the semiconductor manufacturer's stock valued at $2,638,512,000 after purchasing an additional 4,245,345 shares during the last quarter. 76.43% of the stock is currently owned by institutional investors.

Insider Activity

In other Broadcom 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 sale, the insider owned 329,302 shares in the company, valued at $114,468,668.22. The trade was a 4.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Hock E. Tan sold 148,154 shares of the business's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $336.67, for a total value of $49,879,007.18. Following the sale, the chief executive officer directly owned 825,998 shares of the company's stock, valued at $278,088,746.66. This represents a 15.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 3,550 shares of company stock valued at $1,227,869 and have sold 714,172 shares valued at $204,311,160. Insiders own 2.00% of the company's stock.

Analyst Ratings Changes

AVGO has been the subject of a number of research analyst reports. Arete Research raised Broadcom to a "strong-buy" rating in a research report on Monday, July 28th. UBS Group increased their target price on Broadcom from $290.00 to $345.00 and gave the stock a "buy" rating in a research report on Monday, August 25th. Redburn Atlantic assumed coverage on shares of Broadcom in a research note on Wednesday, May 28th. They set a "buy" rating and a $301.00 target price for the company. Oppenheimer reissued an "outperform" rating and set a $360.00 price objective (up previously from $325.00) on shares of Broadcom in a report on Friday, September 5th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $300.00 price objective on shares of Broadcom in a research note on Friday, June 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Broadcom presently has an average rating of "Buy" and a consensus target price of $356.48.

Broadcom Trading Down 0.0%

AVGO traded down $0.09 during trading on Tuesday, hitting $338.70. 10,082,009 shares of the company's stock were exchanged, compared to its average volume of 26,376,787. The firm has a market cap of $1.60 trillion, a P/E ratio of 86.59, a price-to-earnings-growth ratio of 1.91 and a beta of 1.16. The stock has a 50 day moving average price of $309.32 and a 200 day moving average price of $249.20. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $374.23.

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

Broadcom Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 22nd will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, September 22nd. Broadcom's dividend payout ratio (DPR) is presently 60.20%.

Broadcom Company 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.