LVM Capital Management Ltd. MI Sells 10,806 Shares of Broadcom Inc. $AVGO

Key Points

• LVM Capital Management Ltd. MI reduced its stake in Broadcom Inc. by 3.9%, selling 10,806 shares and ending the quarter with 268,133 shares valued at approximately $73.9 million.
• Recent analyst reports have significantly increased target prices for Broadcom, with Barclays raising theirs from $265 to $400, highlighting strong confidence in the stock’s performance.
• Broadcom announced a quarterly dividend of $0.59 per share, with an annualized rate of $2.36, reflecting a consistent commitment to returning value to shareholders.

LVM Capital Management Ltd. MI decreased its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 3.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 268,133 shares of the semiconductor manufacturer's stock after selling 10,806 shares during the period. Broadcom comprises 7.7% of LVM Capital Management Ltd. MI's investment portfolio, making the stock its 3rd biggest position. LVM Capital Management Ltd. MI's holdings in Broadcom were worth $73,911,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several research firms recently issued reports on AVGO. Barclays increased their target price on Broadcom from $265.00 to $400.00 and gave the stock an "overweight" rating in a research note on Friday, September 5th. Oppenheimer reaffirmed an "outperform" rating and issued a $360.00 price target (up previously from $325.00) on shares of Broadcom in a research report on Friday, September 5th. Wells Fargo & Company increased their price target on Broadcom from $255.00 to $345.00 and gave the company an "equal weight" rating in a research report on Friday, September 5th. UBS Group increased their price target on Broadcom from $290.00 to $345.00 and gave the company a "buy" rating in a research report on Monday, August 25th. Finally, Arete Research raised Broadcom to a "strong-buy" rating in a research report on Monday, July 28th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Broadcom presently has a consensus rating of "Buy" and a consensus price target of $354.04.

Insider Buying and Selling at Broadcom

In other news, Director Henry Samueli sold 473,898 shares of the firm's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $265.33, for a total transaction of $125,739,356.34. Following the sale, the director owned 38,188,575 shares of the company's stock, valued at approximately $10,132,574,604.75. This trade represents a 1.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Hock E. Tan sold 148,154 shares of Broadcom stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 825,998 shares in the company, valued at approximately $278,088,746.66. This trade represents a 15.21% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 3,550 shares of company stock worth $1,227,869 and have sold 850,912 shares worth $234,854,489. Insiders own 2.00% of the company's stock.

Broadcom Price Performance

Shares of NASDAQ AVGO opened at $359.87 on Friday. 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 fifty-two week low of $138.10 and a fifty-two week high of $374.23. The firm has a market capitalization of $1.69 trillion, a PE ratio of 91.80, a price-to-earnings-growth ratio of 1.99 and a beta of 1.16. The stock's 50-day simple moving average is $300.31 and its 200-day simple moving average is $241.98.

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 the consensus estimate of $1.66 by $0.03. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The business had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. During the same quarter last year, the company earned $1.24 EPS. The business's quarterly revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities research analysts forecast that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders 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 dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, September 22nd. Broadcom's dividend payout ratio (DPR) is 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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