Dynamic Advisor Solutions LLC Sells 2,002 Shares of Broadcom Inc. $AVGO

Key Points

• Dynamic Advisor Solutions LLC has reduced its holdings in Broadcom Inc. by 1.9% during the second quarter, owning 104,003 shares worth approximately $28.67 million at the time.
• Several other institutional investors, such as Sarasin & Partners LLP and Radnor Capital Management LLC, increased their stakes in Broadcom, with Sarasin & Partners boosting its position by 31.8%.
• Wall Street analysts are optimistic about Broadcom, with multiple firms raising their price targets, including Morgan Stanley and Bank of America, suggesting a consensus rating of "Buy" and an average price target of $356.48.

Dynamic Advisor Solutions LLC cut its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 1.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 104,003 shares of the semiconductor manufacturer's stock after selling 2,002 shares during the period. Broadcom makes up approximately 0.9% of Dynamic Advisor Solutions LLC's portfolio, making the stock its 17th biggest position. Dynamic Advisor Solutions LLC's holdings in Broadcom were worth $28,668,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in AVGO. Barnes Dennig Private Wealth Management LLC bought a new stake in Broadcom in the 1st quarter valued at about $25,000. Cheviot Value Management LLC bought a new stake in Broadcom in the 1st quarter valued at about $25,000. Inlight Wealth Management LLC bought a new stake in Broadcom in the 1st quarter valued at about $26,000. Sunbeam Capital Management LLC bought a new stake in Broadcom in the 4th quarter valued at about $28,000. Finally, Vermillion Wealth Management Inc. bought a new stake in Broadcom in the 4th quarter valued at about $30,000. 76.43% of the stock is owned by institutional investors.

Broadcom Stock Performance

AVGO stock traded down $0.41 during midday trading on Friday, reaching $344.94. 41,147,297 shares of the company's stock traded hands, compared to its average volume of 27,762,164. The company has a 50-day moving average price of $308.05 and a two-hundred day moving average price of $247.33. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $374.23. The firm has a market capitalization of $1.63 trillion, a PE ratio of 87.99, a price-to-earnings-growth ratio of 1.91 and a beta of 1.16.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.03. The firm 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 business's quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, September 22nd. Broadcom's dividend payout ratio is currently 60.20%.

Insider Activity at Broadcom

In other news, insider Charlie B. Kawwas sold 3,893 shares of Broadcom stock in a transaction that occurred 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 transaction, the insider directly owned 25,295 shares in the company, valued at approximately $8,798,106.90. This trade represents a 13.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Harry L. You acquired 500 shares of the firm's stock in a transaction that occurred on Wednesday, September 10th. The stock was purchased at an average price of $363.38 per share, with a total value of $181,690.00. Following the completion of the acquisition, the director owned 35,602 shares in the company, valued at $12,937,054.76. The trade was a 1.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders bought 3,550 shares of company stock valued at $1,227,869 and sold 840,522 shares valued at $236,959,124. Company insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Benchmark boosted their price objective on Broadcom from $315.00 to $385.00 and gave the stock a "buy" rating in a report on Friday, September 5th. Barclays boosted their price objective on Broadcom from $265.00 to $400.00 and gave the stock an "overweight" rating in a report on Friday, September 5th. Wells Fargo & Company boosted their price objective on Broadcom from $255.00 to $345.00 and gave the stock an "equal weight" rating in a report on Friday, September 5th. JPMorgan Chase & Co. boosted their price objective on Broadcom from $325.00 to $400.00 and gave the stock an "overweight" rating in a report on Friday, September 5th. Finally, TD Cowen boosted their price objective on Broadcom from $355.00 to $370.00 and gave the stock a "buy" rating in a report on Friday, September 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $356.48.

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.