Security National Bank of SO Dak Cuts Stake in Broadcom Inc. $AVGO

Key Points

• Security National Bank of South Dakota cut its Broadcom stake by 54.8% in the second quarter, selling 2,530 shares and retaining 2,084 shares valued at approximately $787,000. Institutional investors collectively own 76.43% of Broadcom.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $509.04; individual targets range from $350 to $600.
• Broadcom recently exceeded quarterly expectations, reporting $3.32 in EPS and $29.59 billion in revenue, up 85.5% year over year. However, insiders sold 53,492 shares worth about $20.8 million over the past three months, while the company declared a quarterly dividend of $0.65 per share.

Security National Bank of SO Dak trimmed its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 54.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,084 shares of the semiconductor manufacturer's stock after selling 2,530 shares during the quarter. Security National Bank of SO Dak's holdings in Broadcom were worth $787,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Security National Bank of Sioux City Iowa IA purchased a new position in shares of Broadcom during the second quarter valued at approximately $227,000. Wellington Altus USA Inc. raised its holdings in shares of Broadcom by 18.3% in the second quarter. Wellington Altus USA Inc. now owns 2,344 shares of the semiconductor manufacturer's stock worth $885,000 after buying an additional 362 shares during the period. Twin Peaks Capital Ltd bought a new stake in shares of Broadcom during the 2nd quarter worth approximately $7,555,000. Anchor Investment Management LLC lifted its stake in shares of Broadcom by 7.3% during the 2nd quarter. Anchor Investment Management LLC now owns 25,525 shares of the semiconductor manufacturer's stock worth $9,269,000 after acquiring an additional 1,741 shares during the last quarter. Finally, Reynders McVeigh Capital Management LLC grew its position in Broadcom by 348.4% in the 2nd quarter. Reynders McVeigh Capital Management LLC now owns 454,086 shares of the semiconductor manufacturer's stock valued at $171,531,000 after acquiring an additional 352,815 shares during the last quarter. Institutional investors own 76.43% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on AVGO shares. Oppenheimer reissued an "outperform" rating and issued a $535.00 price objective (up from $450.00) on shares of Broadcom in a research note on Thursday, June 4th. Rosenblatt Securities started coverage on shares of Broadcom in a research note on Thursday, September 3rd. They issued a "buy" rating and a $600.00 target price for the company. Piper Sandler initiated coverage on Broadcom in a research report on Wednesday, September 9th. They set an "overweight" rating and a $460.00 price target on the stock. Jefferies Financial Group started coverage on Broadcom in a research report on Thursday, September 3rd. They set a "buy" rating on the stock. Finally, DA Davidson set a $350.00 price target on Broadcom and gave the company a "neutral" rating in a research note on Friday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $509.04.

Insider Activity

In related news, Director Justine Page sold 1,602 shares of the firm's stock in a transaction on Monday, June 29th. The shares were sold at an average price of $373.86, for a total transaction of $598,923.72. Following the sale, the director owned 17,426 shares in the company, valued at approximately $6,514,884.36. This trade represents a 8.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gayla J. Delly sold 1,890 shares of Broadcom stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $385.38, for a total transaction of $728,368.20. Following the completion of the transaction, the director directly owned 31,326 shares of the company's stock, valued at $12,072,413.88. The trade was a 5.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 53,492 shares of company stock valued at $20,840,292 in the last three months. 1.90% of the stock is currently owned by corporate insiders.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s custom-chip business is the central bullish catalyst. Management projects AI semiconductor revenue of approximately $115 billion in fiscal 2027 and $230 billion in fiscal 2028, as hyperscalers seek alternatives to standard GPUs to improve computing costs and efficiency. The AI Boom Isn’t Over: 3 Stocks You Need to Watch
• Positive Sentiment: Commentators including Jim Cramer view AVGO as potentially “too cheap to ignore” following a decline of roughly 30% from its yearly peak. The argument is that strong AI growth, repeated earnings beats, and a lower share price create an attractive risk-reward setup for long-term investors. Jim Cramer on Broadcom
• Positive Sentiment: Broadcom’s CEO Hock Tan reportedly expressed strong confidence despite recent AI-related market fears. The company also benefits from continued semiconductor-sector strength and expectations that AI infrastructure investment will remain elevated. Broadcom CEO Hock Tan says he isn’t worried
• Neutral Sentiment: Investor attention is unusually high, with multiple reports highlighting AVGO as one of the most-watched stocks. These articles largely recap existing earnings and valuation themes rather than announce a new company-specific development. Broadcom is Attracting Investor Attention
• Negative Sentiment: Risks include hyperscalers developing their own AI accelerators, which could reduce reliance on outside suppliers. Meta, for example, could save billions by using internally designed chips. Broadcom’s VMware and enterprise-software growth story also has mixed industry evidence, making the AI forecast the more important driver for the stock. Meta Can Save $8.5 Billion by Using Its Own Chips

Broadcom Stock Performance

AVGO opened at $357.67 on Friday. The company has a current ratio of 2.50, a quick ratio of 2.29 and a debt-to-equity ratio of 0.57. Broadcom Inc. has a 12-month low of $289.96 and a 12-month high of $495.00. The firm has a 50 day moving average of $378.91 and a two-hundred day moving average of $379.01. The firm has a market capitalization of $1.71 trillion, a PE ratio of 45.68 and a beta of 1.44.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.10. The firm had revenue of $29.59 billion during the quarter, compared to analysts' expectations of $29.24 billion. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The firm's revenue was up 85.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.69 earnings per share. On average, analysts anticipate that Broadcom Inc. will post 10.36 EPS for the current year.

Broadcom Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. Broadcom's dividend payout ratio (DPR) is presently 33.21%.

About Broadcom

Broadcom Inc NASDAQ: AVGO designs, develops and supplies semiconductor and infrastructure software products for businesses, telecommunications providers and other organizations worldwide. Its semiconductor portfolio includes networking and connectivity components, custom application-specific integrated circuits, broadband and wireless communications products, storage adapters, optical components, and industrial solutions.

The company also provides enterprise infrastructure software through businesses including VMware, which offers virtualization and private- and hybrid-cloud solutions; mainframe and enterprise software; and cybersecurity products.

Want to see what other hedge funds are holding AVGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadcom Inc. (NASDAQ:AVGO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.