Greenleaf Trust Sells 5,714 Shares of Broadcom Inc. $AVGO

Key Points

• Greenleaf Trust has reduced its holdings in Broadcom Inc. by 4.9%, selling 5,714 shares and bringing its total to 111,252 shares valued at approximately $30.67 million.
• Institutional investors currently own 76.43% of Broadcom's stock, indicating a significant level of institutional interest in the company.
• Broadcom reported $1.69 EPS for the last quarter, exceeding expectations and reflecting a 22.0% increase compared to the previous year.

Greenleaf Trust lowered its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 4.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,252 shares of the semiconductor manufacturer's stock after selling 5,714 shares during the period. Broadcom comprises about 0.3% of Greenleaf Trust's portfolio, making the stock its 26th largest holding. Greenleaf Trust's holdings in Broadcom were worth $30,667,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. HCR Wealth Advisors grew its position in Broadcom by 2.6% in the second quarter. HCR Wealth Advisors now owns 12,847 shares of the semiconductor manufacturer's stock valued at $3,541,000 after purchasing an additional 329 shares in the last quarter. Capital Investment Advisors LLC grew its position in Broadcom by 2.1% in the second quarter. Capital Investment Advisors LLC now owns 62,620 shares of the semiconductor manufacturer's stock valued at $17,261,000 after purchasing an additional 1,296 shares in the last quarter. Centennial Wealth Advisory LLC grew its position in Broadcom by 16.5% in the second quarter. Centennial Wealth Advisory LLC now owns 3,479 shares of the semiconductor manufacturer's stock valued at $958,000 after purchasing an additional 492 shares in the last quarter. LifeGoal Wealth Advisors bought a new position in Broadcom in the second quarter valued at $313,000. Finally, Northwest Wealth Management LLC grew its position in Broadcom by 15.6% in the second quarter. Northwest Wealth Management LLC now owns 2,175 shares of the semiconductor manufacturer's stock valued at $600,000 after purchasing an additional 294 shares in the last quarter. Institutional investors own 76.43% of the company's stock.

Insiders Place Their Bets

In other Broadcom news, insider Charlie B. Kawwas sold 3,893 shares of Broadcom stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total value of $1,354,063.26. Following the completion of the sale, the insider owned 25,295 shares in the company, valued at $8,798,106.90. The trade was a 13.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Henry Samueli sold 368,797 shares of Broadcom stock in a transaction dated Wednesday, September 24th. The stock was 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 disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 3,550 shares of company stock worth $1,227,869 and have sold 666,071 shares worth $225,623,008. Company insiders own 2.00% of the company's stock.

Broadcom Stock Performance

NASDAQ AVGO opened at $338.37 on Friday. The firm has a 50-day moving average of $318.43 and a 200-day moving average of $257.34. 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 stock has a market cap of $1.60 trillion, a PE ratio of 86.32, a P/E/G ratio of 1.87 and a beta of 1.20. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $374.23.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.66 by $0.03. The company had revenue of $15.95 billion during 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%. Broadcom's quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. On average, sell-side analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on AVGO shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of Broadcom from $300.00 to $350.00 and gave the company a "buy" rating in a research report on Friday, September 5th. Bank of America increased their price target on shares of Broadcom from $300.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, September 5th. Citigroup increased their price target on shares of Broadcom from $315.00 to $350.00 and gave the company a "buy" rating in a research note on Friday, September 5th. Hsbc Global Res upgraded shares of Broadcom from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, June 24th. Finally, Morgan Stanley increased their price target on shares of Broadcom from $338.00 to $357.00 and gave the company an "overweight" rating in a research note on Tuesday, September 2nd. Three research 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 company. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $357.22.

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.

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