Trust Co. of Oklahoma Has $2.27 Million Stock Holdings in Broadcom Inc. $AVGO

Key Points

• Trust Co. of Oklahoma reduced its holdings in Broadcom Inc. by 36.5%, selling 4,736 shares, leaving it with 8,244 shares valued at approximately $2.27 million.
• Insider activity saw significant sales, with Director Henry Samueli selling 473,898 shares for over $125 million, and CFO Kirsten M. Spears selling 56,310 shares worth about $14.2 million, indicating a shift in ownership dynamics.
• Analyst ratings for Broadcom have improved, with multiple firms raising their price targets, resulting in a consensus buy rating and an average target price of $354.04.

Trust Co. of Oklahoma cut its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 36.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,244 shares of the semiconductor manufacturer's stock after selling 4,736 shares during the period. Trust Co. of Oklahoma's holdings in Broadcom were worth $2,272,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Sunbeam Capital Management LLC bought a new position in shares of Broadcom in the 4th quarter valued at $28,000. Vermillion Wealth Management Inc. bought a new position in shares of Broadcom in the 4th quarter valued at $30,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Broadcom in the 1st quarter valued at $25,000. Cheviot Value Management LLC bought a new position in shares of Broadcom in the 1st quarter valued at $25,000. Finally, Inlight Wealth Management LLC bought a new position in shares of Broadcom in the 1st quarter valued at $26,000. 76.43% of the stock is currently owned by institutional investors.

Broadcom Trading Up 1.2%

Broadcom stock traded up $4.22 during trading hours on Monday, reaching $364.09. 21,285,107 shares of the company's stock were exchanged, compared to its average volume of 25,785,228. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. The firm's 50 day simple moving average is $302.11 and its 200 day simple moving average is $243.65. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $374.23. The firm has a market capitalization of $1.72 trillion, a PE ratio of 92.88, a PEG ratio of 1.99 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 for the quarter, topping analysts' consensus estimates of $1.66 by $0.03. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The firm had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.82 billion. During the same period last year, the business posted $1.24 EPS. The business's revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. Research analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Monday, September 22nd. Broadcom's dividend payout ratio (DPR) is presently 60.20%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AVGO. Cowen reiterated a "buy" rating on shares of Broadcom in a research note on Friday, June 6th. Susquehanna increased their price target on Broadcom from $280.00 to $300.00 and gave the company a "positive" rating in a research note on Friday, June 6th. Bank of America raised their target price on Broadcom from $300.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. Morgan Stanley raised their target price on Broadcom from $338.00 to $357.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 2nd. Finally, UBS Group raised their target price on Broadcom from $290.00 to $345.00 and gave the stock a "buy" rating in a research report on Monday, August 25th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $356.48.

Insider Activity

In other Broadcom news, 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 completion of the sale, the director directly owned 23,782 shares in the company, valued at approximately $7,312,013.72. This trade represents a 3.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Hock E. Tan sold 148,154 shares of the stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $336.67, for a total value of $49,879,007.18. Following the sale, the chief executive officer owned 825,998 shares of the company's stock, valued at approximately $278,088,746.66. The trade was a 15.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 3,550 shares of company stock worth $1,227,869 and sold 850,112 shares worth $234,654,209. 2.00% of the stock is currently owned by insiders.

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.