NBC Securities Inc. Cuts Holdings in Broadcom Inc. $AVGO

Key Points

• NBC Securities Inc. reduced its stake in Broadcom Inc. by 8.3% in Q2, now holding 60,259 shares valued at approximately $16.61 million.
• Insider activity included Director Gayla J. Delly selling 3,000 shares, reducing her ownership by 8.25%, while insiders sold a total of 850,112 shares worth over $234 million recently.
• Broadcom received multiple upgrades from analysts, with new price targets raised significantly, including a target of $385 from Benchmark, reflecting growing confidence in the stock's performance.

NBC Securities Inc. cut its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 8.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 60,259 shares of the semiconductor manufacturer's stock after selling 5,456 shares during the period. Broadcom accounts for about 1.4% of NBC Securities Inc.'s holdings, making the stock its 5th biggest position. NBC Securities Inc.'s holdings in Broadcom were worth $16,610,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. PARUS FINANCE UK Ltd increased its holdings in shares of Broadcom by 175.3% during the 1st quarter. PARUS FINANCE UK Ltd now owns 100,578 shares of the semiconductor manufacturer's stock worth $16,840,000 after buying an additional 64,038 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Broadcom by 27.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 64,130 shares of the semiconductor manufacturer's stock worth $10,737,000 after buying an additional 13,978 shares during the last quarter. Keener Financial Planning LLC increased its holdings in shares of Broadcom by 34.8% during the 1st quarter. Keener Financial Planning LLC now owns 890 shares of the semiconductor manufacturer's stock worth $149,000 after buying an additional 230 shares during the last quarter. Diversify Wealth Management LLC increased its holdings in shares of Broadcom by 5.6% during the 1st quarter. Diversify Wealth Management LLC now owns 38,016 shares of the semiconductor manufacturer's stock worth $6,365,000 after buying an additional 2,016 shares during the last quarter. Finally, Acorns Advisers LLC increased its holdings in shares of Broadcom by 24.3% during the 1st quarter. Acorns Advisers LLC now owns 4,184 shares of the semiconductor manufacturer's stock worth $701,000 after buying an additional 818 shares during the last quarter. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom Stock Up 1.2%

NASDAQ:AVGO traded up $4.22 on Monday, reaching $364.09. The stock had a trading volume of 21,285,107 shares, compared to its average volume of 25,785,228. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. The company has a 50-day moving average of $302.11 and a 200 day moving average of $243.65. The stock has a market cap of $1.72 trillion, a P/E ratio of 92.88, a price-to-earnings-growth ratio of 1.99 and a beta of 1.16. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $374.23.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, beating 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%. The firm's revenue for the quarter was up 22.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. On average, research analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.36 annualized dividend and a dividend yield of 0.6%. Broadcom's dividend payout ratio (DPR) is presently 60.20%.

Insider Buying and Selling at Broadcom

In other news, Director Gayla J. Delly sold 3,000 shares of the stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $265.13, for a total transaction of $795,390.00. Following the transaction, the director owned 33,352 shares of the company's stock, valued at approximately $8,842,615.76. This trade represents a 8.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Hock E. Tan sold 148,154 shares of the stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $336.67, for a total transaction of $49,879,007.18. Following the transaction, the chief executive officer directly owned 825,998 shares in the company, valued at $278,088,746.66. The trade was a 15.21% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 3,550 shares of company stock valued at $1,227,869 and have sold 850,112 shares valued at $234,654,209. 2.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AVGO shares. Mizuho increased their price target on Broadcom from $355.00 to $410.00 and gave the company an "outperform" rating in a report on Friday. Arete Research upgraded Broadcom to a "strong-buy" rating in a report on Monday, July 28th. Bank of America increased their price target on Broadcom from $300.00 to $400.00 and gave the company a "buy" rating in a report on Friday, September 5th. KeyCorp increased their price target on Broadcom from $330.00 to $400.00 and gave the company an "overweight" rating in a report on Friday, September 5th. Finally, Piper Sandler increased their price target on Broadcom from $315.00 to $375.00 and gave the company an "overweight" rating in a report on Friday, September 5th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $356.48.

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.