Broadcom Inc. $AVGO Position Lessened by PFW Advisors LLC

Key Points

• PFW Advisors LLC reduced its stake in Broadcom Inc. (NASDAQ:AVGO) by 28.6% during the second quarter, now holding 3,958 shares valued at approximately $1,091,000.
• Several institutional investors modified their positions in Broadcom, with Sunpointe LLC increasing its stake by 230.3% and now owning 24,300 shares worth $6,698,000.
• Broadcom announced a quarterly dividend of $0.59, with an ex-dividend date set for September 22nd, resulting in an annualized dividend yield of 0.7%.

PFW Advisors LLC trimmed its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 28.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 3,958 shares of the semiconductor manufacturer's stock after selling 1,588 shares during the quarter. PFW Advisors LLC's holdings in Broadcom were worth $1,091,000 as of its most recent SEC filing.

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

Broadcom Trading Down 1.8%

AVGO stock traded down $6.15 during mid-day trading on Monday, reaching $338.79. 28,599,739 shares of the stock traded hands, compared to its average volume of 29,009,098. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $374.23. The stock's fifty day moving average is $309.32 and its 200-day moving average is $249.20. The company has a market cap of $1.60 trillion, a P/E ratio of 86.43, a P/E/G ratio of 1.91 and a beta of 1.16. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.66 by $0.03. The business 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%. The firm's revenue was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. As a group, 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. Stockholders of record on Monday, September 22nd will be issued a $0.59 dividend. The ex-dividend date is Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. Broadcom's dividend payout ratio is presently 60.20%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AVGO. UBS Group increased their price target on Broadcom from $290.00 to $345.00 and gave the company a "buy" rating in a research note on Monday, August 25th. Piper Sandler upped their price objective on Broadcom from $315.00 to $375.00 and gave the company an "overweight" rating in a report on Friday, September 5th. Evercore ISI reaffirmed an "outperform" rating and set a $342.00 target price (up from $304.00) on shares of Broadcom in a report on Thursday, September 4th. Erste Group Bank upgraded shares of Broadcom from a "hold" rating to a "buy" rating in a research report on Thursday, June 5th. Finally, Barclays raised their price objective on shares of Broadcom from $265.00 to $400.00 and gave the company an "overweight" rating in a research report on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $356.48.

Insiders Place Their Bets

In related news, CFO Kirsten M. Spears sold 7,498 shares of the stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total value of $2,606,754.68. Following the completion of the sale, the chief financial officer directly owned 313,330 shares of the company's stock, valued at approximately $108,932,307.80. This represents a 2.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Justine Page sold 800 shares of the firm's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $360.00, for a total value of $288,000.00. Following the sale, the director owned 22,982 shares of the company's stock, valued at $8,273,520. The trade was a 3.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 3,550 shares of company stock valued at $1,227,869 and have sold 790,522 shares valued at $224,295,124. 2.00% of the stock is currently owned by corporate insiders.

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.