Pinion Investment Advisors LLC Lowers Stock Position in Broadcom Inc. $AVGO

Key Points

• Pinion Investment Advisors LLC reduced its stake in Broadcom Inc. by 64.8% in Q2, owning a total of 10,567 shares valued at approximately $2.91 million.
• Insider sales have increased with Charlie B. Kawwas and Mark David Brazeal selling a total of 20,451 shares, reflecting a decrease in their ownership positions by 13.34% and 4.79%, respectively.
• Broadcom has a market capitalization of $1.66 trillion and reported a revenue of $15.95 billion for the last quarter, exceeding analysts' expectations.

Pinion Investment Advisors LLC lessened its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 64.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 10,567 shares of the semiconductor manufacturer's stock after selling 19,445 shares during the period. Broadcom comprises 1.0% of Pinion Investment Advisors LLC's holdings, making the stock its 21st biggest position. Pinion Investment Advisors LLC's holdings in Broadcom were worth $2,913,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. PARUS FINANCE UK Ltd lifted its stake 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 purchasing an additional 64,038 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Broadcom by 27.9% during the first quarter. Geneos Wealth Management Inc. now owns 64,130 shares of the semiconductor manufacturer's stock valued at $10,737,000 after buying an additional 13,978 shares during the last quarter. Asio Capital LLC lifted its position in shares of Broadcom by 2.0% during the second quarter. Asio Capital LLC now owns 54,459 shares of the semiconductor manufacturer's stock valued at $15,012,000 after buying an additional 1,089 shares during the last quarter. Keener Financial Planning LLC lifted its position in shares of Broadcom by 34.8% during the first quarter. Keener Financial Planning LLC now owns 890 shares of the semiconductor manufacturer's stock valued at $149,000 after buying an additional 230 shares during the last quarter. Finally, Diversify Wealth Management LLC lifted its position in shares of Broadcom by 5.6% during the first quarter. Diversify Wealth Management LLC now owns 38,016 shares of the semiconductor manufacturer's stock valued at $6,365,000 after buying an additional 2,016 shares during the last quarter. Hedge funds and other institutional investors own 76.43% of the company's stock.

Insider Activity at Broadcom

In other news, insider Charlie B. Kawwas sold 3,893 shares of Broadcom stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the completion of the transaction, the insider directly owned 25,295 shares of the company's stock, valued at $8,798,106.90. The trade was a 13.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark David Brazeal sold 16,558 shares of Broadcom stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the transaction, the insider directly owned 329,302 shares of the company's stock, valued at approximately $114,468,668.22. This trade represents a 4.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders bought 3,550 shares of company stock valued at $1,227,869 and sold 664,471 shares valued at $225,184,128. Insiders own 2.00% of the company's stock.

Broadcom Stock Performance

AVGO opened at $351.33 on Thursday. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $374.23. 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 firm has a market capitalization of $1.66 trillion, a PE ratio of 89.63, a P/E/G ratio of 1.91 and a beta of 1.20. The firm has a 50 day moving average of $325.83 and a two-hundred day moving average of $266.04.

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

Broadcom Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were paid a dividend of $0.59 per share. The ex-dividend date was 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 (DPR) is presently 60.20%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AVGO shares. Oppenheimer reissued an "outperform" rating and set a $360.00 target price (up previously from $325.00) on shares of Broadcom in a research report on Friday, September 5th. Morgan Stanley set a $409.00 price objective on Broadcom and gave the company an "overweight" rating in a report on Tuesday. Wells Fargo & Company increased their price objective on Broadcom from $255.00 to $345.00 and gave the company an "equal weight" rating in a report on Friday, September 5th. Piper Sandler increased their price target on Broadcom from $315.00 to $375.00 and gave the company an "overweight" rating in a research note on Friday, September 5th. Finally, The Goldman Sachs Group reiterated a "buy" rating and issued a $340.00 price target on shares of Broadcom in a research note on Wednesday, August 13th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, Broadcom has an average rating of "Buy" and a consensus price target of $372.33.

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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