Broadcom Inc. $AVGO Shares Sold by Signature Estate & Investment Advisors LLC

Key Points

• Signature Estate & Investment Advisors LLC reduced its stake in Broadcom Inc. by 36.1%, now holding 244,650 shares valued at approximately $40.96 million.
• Broadcom received multiple upgrades from analysts, with price targets ranging from $340.00 to $400.00, indicating strong confidence in the stock's future performance.
• Insider trading reports reveal that both CEO Hock E. Tan and CFO Kirsten M. Spears sold significant portions of their holdings, indicating a 10.40% and 13.46% decrease in their stock positions, respectively.

Signature Estate & Investment Advisors LLC lessened its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 36.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 244,650 shares of the semiconductor manufacturer's stock after selling 138,028 shares during the period. Broadcom makes up about 1.1% of Signature Estate & Investment Advisors LLC's portfolio, making the stock its 22nd biggest position. Signature Estate & Investment Advisors LLC's holdings in Broadcom were worth $40,962,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of AVGO. Sunbeam Capital Management LLC acquired a new stake in Broadcom during the 4th quarter valued at approximately $28,000. Vermillion Wealth Management Inc. purchased a new stake in Broadcom during the fourth quarter worth $30,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in Broadcom during the first quarter worth $25,000. Cheviot Value Management LLC purchased a new stake in Broadcom during the first quarter worth $25,000. Finally, Inlight Wealth Management LLC purchased a new stake in Broadcom during the first quarter worth $26,000. Hedge funds and other institutional investors own 76.43% of the company's stock.

Analysts Set New Price Targets

AVGO has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of Broadcom from a "hold" rating to a "buy" rating in a research report on Saturday. Benchmark upped their target price on shares of Broadcom from $315.00 to $385.00 and gave the stock a "buy" rating in a report on Friday, September 5th. HSBC raised shares of Broadcom from a "hold" rating to a "buy" rating and set a $400.00 target price for the company in a report on Tuesday, June 24th. Erste Group Bank raised shares of Broadcom from a "hold" rating to a "buy" rating in a report on Thursday, June 5th. Finally, Mizuho upped their target price on shares of Broadcom from $320.00 to $355.00 and gave the stock an "outperform" rating in a report on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Broadcom currently has a consensus rating of "Buy" and a consensus target price of $351.92.

Insider Buying and Selling at Broadcom

In other news, Director Henry Samueli sold 473,898 shares of the 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 sale, the director owned 38,188,575 shares of the company's stock, valued at approximately $10,132,574,604.75. This represents a 1.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Justine Page sold 800 shares of the stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $307.46, for a total transaction of $245,968.00. Following the sale, the director directly owned 23,782 shares in the company, valued at $7,312,013.72. This represents a 3.25% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 820,516 shares of company stock valued at $214,757,657. Corporate insiders own 2.00% of the company's stock.

Broadcom Trading Up 9.8%

NASDAQ AVGO traded up $32.90 during trading hours on Wednesday, reaching $369.57. The company had a trading volume of 51,004,415 shares, compared to its average volume of 26,281,545. The stock has a 50-day moving average of $294.92 and a 200 day moving average of $238.95. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $372.97. 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 stock has a market capitalization of $1.74 trillion, a P/E ratio of 94.28, a price-to-earnings-growth ratio of 1.89 and a beta of 1.16.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly 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. The business had revenue of $15.95 billion for 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 business's quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. As a group, research analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, September 22nd. Broadcom's dividend payout ratio is currently 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.