Roundview Capital LLC Cuts Stock Holdings in Broadcom Inc. $AVGO

Key Points

• Roundview Capital LLC reduced its stake in Broadcom Inc. by 19.5% in the second quarter, now holding 14,708 shares valued at approximately $4,054,000.
• Several institutional investors have recently increased their positions in Broadcom, with Vaughan Nelson Investment Management L.P. increasing its stake by an astonishing 1,023.7%.
• Broadcom's stock has received multiple rating upgrades, with price targets raised by various analysts, indicating a positive outlook for the company.

Roundview Capital LLC trimmed its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 19.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,708 shares of the semiconductor manufacturer's stock after selling 3,572 shares during the period. Roundview Capital LLC's holdings in Broadcom were worth $4,054,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Brighton Jones LLC lifted its holdings in shares of Broadcom by 21.8% in the 4th quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer's stock valued at $6,882,000 after acquiring an additional 5,322 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Broadcom by 10.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer's stock valued at $1,854,000 after acquiring an additional 756 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Broadcom by 9.2% in the 1st quarter. GAMMA Investing LLC now owns 103,184 shares of the semiconductor manufacturer's stock valued at $17,276,000 after acquiring an additional 8,672 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Broadcom by 1,023.7% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 252,450 shares of the semiconductor manufacturer's stock valued at $42,267,000 after acquiring an additional 229,985 shares during the last quarter. Finally, Grant Private Wealth Management Inc lifted its holdings in shares of Broadcom by 5.8% in the 1st quarter. Grant Private Wealth Management Inc now owns 8,529 shares of the semiconductor manufacturer's stock valued at $1,418,000 after acquiring an additional 467 shares during the last quarter. 76.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Broadcom news, insider Charlie B. Kawwas sold 3,893 shares of the business's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total value of $1,354,063.26. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Hock E. Tan sold 100,000 shares of the business's stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $339.58, for a total transaction of $33,958,000.00. Following the completion of the sale, the chief executive officer directly owned 725,638 shares of the company's stock, valued at approximately $246,412,152.04. This trade represents a 12.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 3,550 shares of company stock worth $1,227,869 and sold 664,471 shares worth $225,184,128. Corporate insiders own 2.00% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on AVGO shares. Piper Sandler increased their price target on shares of Broadcom from $315.00 to $375.00 and gave the company an "overweight" rating in a report on Friday, September 5th. TD Cowen lifted their price target on shares of Broadcom from $355.00 to $370.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. Oppenheimer reaffirmed an "outperform" rating and set a $360.00 price target (up from $325.00) on shares of Broadcom in a research note on Friday, September 5th. Citigroup lifted their price target on shares of Broadcom from $315.00 to $350.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. Finally, Evercore ISI reaffirmed an "outperform" rating and set a $342.00 price target (up from $304.00) on shares of Broadcom in a research note on Thursday, September 4th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Broadcom currently has an average rating of "Buy" and an average target price of $357.22.

Broadcom Price Performance

Broadcom stock opened at $324.63 on Monday. The stock has a market cap of $1.53 trillion, a price-to-earnings ratio of 82.81, a price-to-earnings-growth ratio of 1.80 and a beta of 1.20. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $374.23. The firm has a 50-day moving average of $322.64 and a two-hundred day moving average of $263.58.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarterly revenue was up 22.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. On average, research analysts forecast that Broadcom Inc. will post 5.38 earnings per share 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 given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, September 22nd. Broadcom's payout ratio is 60.20%.

Broadcom Company 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.

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