Signet Financial Management LLC Lowers Stake in Broadcom Inc. $AVGO

Key Points

• Signet Financial Management LLC reduced its stake in Broadcom Inc. (NASDAQ:AVGO) by 15.6%, selling 8,174 shares to hold a total of 44,167 shares valued at approximately $12.18 million.
• Multiple institutional investors have increased their holdings in Broadcom, with Retireful LLC's stake growing by 49.2% in the second quarter.
• Wall Street analysts have shown optimism for Broadcom, with an average price target of $356.48, as several firms upgraded their ratings on the stock to "buy" or "strong buy."

Signet Financial Management LLC lessened its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 15.6% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 44,167 shares of the semiconductor manufacturer's stock after selling 8,174 shares during the period. Broadcom comprises approximately 1.5% of Signet Financial Management LLC's holdings, making the stock its 8th biggest position. Signet Financial Management LLC's holdings in Broadcom were worth $12,175,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Retireful LLC grew its holdings in Broadcom by 49.2% during the 2nd quarter. Retireful LLC now owns 7,907 shares of the semiconductor manufacturer's stock valued at $2,180,000 after buying an additional 2,609 shares in the last quarter. Legacy Solutions LLC grew its holdings in shares of Broadcom by 6.7% in the second quarter. Legacy Solutions LLC now owns 3,386 shares of the semiconductor manufacturer's stock valued at $933,000 after purchasing an additional 214 shares in the last quarter. Wealth Effects LLC grew its holdings in shares of Broadcom by 1.7% in the second quarter. Wealth Effects LLC now owns 14,435 shares of the semiconductor manufacturer's stock valued at $3,979,000 after purchasing an additional 243 shares in the last quarter. TD Private Client Wealth LLC grew its holdings in shares of Broadcom by 11.5% in the second quarter. TD Private Client Wealth LLC now owns 69,800 shares of the semiconductor manufacturer's stock valued at $19,240,000 after purchasing an additional 7,225 shares in the last quarter. Finally, Carr Financial Group Corp grew its holdings in shares of Broadcom by 1.9% in the second quarter. Carr Financial Group Corp now owns 6,166 shares of the semiconductor manufacturer's stock valued at $1,700,000 after purchasing an additional 117 shares in the last quarter. Institutional investors own 76.43% of the company's stock.

Insider Activity

In other news, insider Charlie B. Kawwas sold 3,893 shares of the stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the transaction, the insider owned 25,295 shares in the company, valued at $8,798,106.90. This trade represents a 13.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Henry Samueli sold 368,797 shares of the stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $337.91, for a total value of $124,620,194.27. Following the transaction, the director owned 37,722,534 shares in the company, valued at $12,746,821,463.94. This trade represents a 0.97% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 3,550 shares of company stock worth $1,227,869 and have sold 666,071 shares worth $225,623,008. Corporate insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on AVGO shares. Evercore ISI reaffirmed an "outperform" rating and set a $342.00 price objective (up from $304.00) on shares of Broadcom in a research note on Thursday, September 4th. Susquehanna upped their price objective on shares of Broadcom from $280.00 to $300.00 and gave the stock a "positive" rating in a research note on Friday, June 6th. Wall Street Zen upgraded shares of Broadcom from a "hold" rating to a "buy" rating in a report on Saturday, September 6th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Broadcom from $300.00 to $350.00 and gave the stock a "buy" rating in a report on Friday, September 5th. Finally, Hsbc Global Res upgraded shares of Broadcom from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 24th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $356.48.

Broadcom Trading Down 0.5%

Broadcom stock opened at $334.53 on Friday. 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 Inc. has a 12 month low of $138.10 and a 12 month high of $374.23. The stock's 50 day simple moving average is $313.66 and its two-hundred day simple moving average is $252.49. The firm has a market cap of $1.58 trillion, a PE ratio of 85.34, a P/E/G ratio of 1.86 and a beta of 1.16.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, topping the consensus estimate of $1.66 by $0.03. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The business had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. During the same quarter in the prior year, the firm posted $1.24 EPS. The business's quarterly revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. Analysts anticipate 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 given a dividend of $0.59 per share. 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 (DPR) is 60.20%.

Broadcom 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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