Lincoln Capital Corp Decreases Position in Broadcom Inc. $AVGO

Key Points

• Lincoln Capital Corp has reduced its stake in Broadcom Inc. by 5.1% in the second quarter, now holding 18,626 shares valued at approximately $5.13 million.
• Broadcom has received positive analyst ratings, with targets raised by firms like TD Cowen and UBS Group, indicating a general market sentiment of buy with an average target price of $356.48.
• In recent insider trading, Director Henry Samueli sold 473,898 shares and CEO Hock E. Tan sold 148,154 shares, reflecting significant activity among company leadership.

Lincoln Capital Corp lowered its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 5.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,626 shares of the semiconductor manufacturer's stock after selling 993 shares during the quarter. Broadcom comprises 2.0% of Lincoln Capital Corp's portfolio, making the stock its 18th largest position. Lincoln Capital Corp's holdings in Broadcom were worth $5,134,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of Broadcom by 21.8% in the fourth quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer's stock valued at $6,882,000 after purchasing an additional 5,322 shares during the period. Revolve Wealth Partners LLC lifted its holdings in Broadcom by 10.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer's stock worth $1,854,000 after buying an additional 756 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its position in Broadcom by 16.4% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 221,199 shares of the semiconductor manufacturer's stock valued at $51,283,000 after buying an additional 31,225 shares during the last quarter. 49 Wealth Management LLC grew its stake in shares of Broadcom by 1.6% during the fourth quarter. 49 Wealth Management LLC now owns 7,774 shares of the semiconductor manufacturer's stock valued at $1,802,000 after acquiring an additional 126 shares in the last quarter. Finally, Poehling Capital Management INC. purchased a new stake in shares of Broadcom during the fourth quarter worth about $232,000. 76.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AVGO has been the subject of a number of analyst reports. TD Cowen increased their price target on Broadcom from $355.00 to $370.00 and gave the company a "buy" rating in a report on Friday, September 5th. UBS Group increased their target price on Broadcom from $290.00 to $345.00 and gave the company a "buy" rating in a research note on Monday, August 25th. Cantor Fitzgerald restated an "overweight" rating and issued a $300.00 price target on shares of Broadcom in a research note on Friday, June 6th. Truist Financial increased their price objective on shares of Broadcom from $295.00 to $365.00 and gave the company a "buy" rating in a research note on Friday, September 5th. Finally, Macquarie initiated coverage on shares of Broadcom in a report on Monday. They set an "outperform" rating and a $420.00 price objective for the company. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $356.48.

Insiders Place Their Bets

In related news, Director Henry Samueli sold 473,898 shares of the company's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $265.33, for a total value of $125,739,356.34. Following the completion of the sale, the director owned 38,188,575 shares of the company's stock, valued at $10,132,574,604.75. This represents a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Hock E. Tan sold 148,154 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $336.67, for a total transaction of $49,879,007.18. Following the completion of the transaction, the chief executive officer owned 825,998 shares of the company's stock, valued at $278,088,746.66. This represents a 15.21% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 3,550 shares of company stock worth $1,227,869 and have sold 840,522 shares worth $236,959,124. 2.00% of the stock is owned by company insiders.

Broadcom Trading Down 0.2%

Broadcom stock opened at $345.35 on Friday. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $374.23. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $1.63 trillion, a price-to-earnings ratio of 88.10, a PEG ratio of 1.91 and a beta of 1.16. The firm has a 50-day moving average price of $306.64 and a two-hundred day moving average price of $246.25.

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

Broadcom Dividend Announcement

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

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.

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