Broadcom Inc. $AVGO Shares Sold by Nissay Asset Management Corp Japan ADV

Key Points

• Nissay Asset Management Corp Japan ADV reduced its holdings in Broadcom Inc. by 1.7%, selling 25,917 shares and now owns roughly 1.51 million shares, valued at about $252.8 million.
• Broadcom recently reported earnings of $1.69 per share, exceeding analysts' estimates, with revenue climbing 22% year-over-year to $15.95 billion.
• The company announced a quarterly dividend of $0.59 per share, aiming for an annualized yield of 0.8%, with a dividend payout ratio of approximately 88.39%.

Nissay Asset Management Corp Japan ADV cut its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 1.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,510,155 shares of the semiconductor manufacturer's stock after selling 25,917 shares during the quarter. Broadcom accounts for approximately 1.6% of Nissay Asset Management Corp Japan ADV's holdings, making the stock its 12th biggest position. Nissay Asset Management Corp Japan ADV's holdings in Broadcom were worth $252,845,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of AVGO. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Broadcom during the first quarter worth $25,000. Cheviot Value Management LLC acquired a new stake in Broadcom in the first quarter valued at $25,000. Inlight Wealth Management LLC acquired a new stake in Broadcom in the first quarter valued at $26,000. Sunbeam Capital Management LLC acquired a new stake in Broadcom in the fourth quarter valued at $28,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in Broadcom in the fourth quarter valued at $30,000. 76.43% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Broadcom

In related news, CFO Kirsten M. Spears sold 56,310 shares of the business's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $251.75, for a total value of $14,176,042.50. Following the completion of the transaction, the chief financial officer owned 361,937 shares of the company's stock, valued at approximately $91,117,639.75. The trade was a 13.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Henry Samueli sold 473,898 shares of the business's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $265.33, for a total transaction of $125,739,356.34. Following the completion of the transaction, the director directly owned 38,188,575 shares of the company's stock, valued at $10,132,574,604.75. The trade was a 1.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 830,516 shares of company stock worth $217,286,457 in the last ninety days. Company insiders own 2.00% of the company's stock.

Broadcom Price Performance

AVGO stock traded up $28.79 during trading on Friday, hitting $334.89. The stock had a trading volume of 78,318,626 shares, compared to its average volume of 17,635,120. The company's 50 day moving average price is $292.09 and its two-hundred day moving average price is $237.31. Broadcom Inc. has a 1-year low of $134.90 and a 1-year high of $356.34. The stock has a market cap of $1.58 trillion, a price-to-earnings ratio of 85.43, a price-to-earnings-growth ratio of 2.38 and a beta of 1.16. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.98 and a current ratio of 1.08.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.03. Broadcom had a net margin of 31.59% and a return on equity of 37.17%. The firm had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.82 billion. During the same quarter in the previous year, the company posted $1.24 EPS. The firm's revenue for the quarter was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. On average, sell-side analysts forecast that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 22nd will be paid a $0.59 dividend. 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 88.39%.

Analyst Upgrades and Downgrades

AVGO has been the subject of a number of recent analyst reports. Mizuho raised their target price on Broadcom from $320.00 to $355.00 and gave the company an "outperform" rating in a report on Friday. Rosenblatt Securities raised their target price on Broadcom from $340.00 to $400.00 and gave the company a "buy" rating in a report on Friday. Hsbc Global Res raised Broadcom from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 24th. TD Cowen raised their target price on Broadcom from $355.00 to $370.00 and gave the company a "buy" rating in a report on Friday. Finally, Benchmark lifted their price target on Broadcom from $315.00 to $385.00 and gave the stock a "buy" rating in a research note on Friday. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $351.00.

Broadcom 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.