Vantage Investment Partners LLC Lowers Stock Holdings in Broadcom Inc. $AVGO

Key Points

• Vantage Investment Partners LLC reduced its stake in Broadcom Inc. by 11.5%, owning 68,834 shares after selling 8,915 shares in the second quarter.
• CEO Hock E. Tan sold 100,000 shares of Broadcom stock worth approximately $33.96 million, reducing his ownership by 12.11%.
• Broadcom declared a quarterly dividend of $0.59 per share, amounting to an annual yield of 0.7% and a payout ratio of 60.20%.

Vantage Investment Partners LLC lessened its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 11.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 68,834 shares of the semiconductor manufacturer's stock after selling 8,915 shares during the period. Broadcom comprises approximately 1.4% of Vantage Investment Partners LLC's investment portfolio, making the stock its 22nd biggest holding. Vantage Investment Partners LLC's holdings in Broadcom were worth $18,974,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC grew its position in shares of Broadcom by 21.8% during the 4th quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer's stock worth $6,882,000 after buying an additional 5,322 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in Broadcom by 10.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer's stock worth $1,854,000 after acquiring an additional 756 shares during the period. GAMMA Investing LLC lifted its stake in Broadcom by 9.2% in the first quarter. GAMMA Investing LLC now owns 103,184 shares of the semiconductor manufacturer's stock worth $17,276,000 after acquiring an additional 8,672 shares during the period. Noble Wealth Management PBC raised its holdings in shares of Broadcom by 9.7% in the 1st quarter. Noble Wealth Management PBC now owns 845 shares of the semiconductor manufacturer's stock valued at $141,000 after purchasing an additional 75 shares in the last quarter. Finally, Rockland Trust Co. raised its holdings in shares of Broadcom by 17.1% in the 1st quarter. Rockland Trust Co. now owns 3,042 shares of the semiconductor manufacturer's stock valued at $509,000 after purchasing an additional 445 shares in the last quarter. Institutional investors own 76.43% of the company's stock.

Insider Buying and Selling at Broadcom

In related news, CEO Hock E. Tan sold 100,000 shares of Broadcom stock in a transaction dated Tuesday, September 23rd. The stock was 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 owned 725,638 shares of the company's stock, valued at $246,412,152.04. The trade was a 12.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mark David Brazeal sold 16,558 shares of Broadcom stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total value of $5,755,726.38. Following the sale, the insider directly owned 329,302 shares of the company's stock, valued at $114,468,668.22. This trade represents a 4.79% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have bought 3,550 shares of company stock worth $1,227,869 and have sold 666,071 shares worth $225,623,008. 2.00% of the stock is owned by company insiders.

Broadcom Stock Down 5.9%

AVGO stock opened at $324.63 on Friday. The firm has a 50 day moving average of $322.64 and a 200 day moving average of $262.37. The stock has a market capitalization of $1.53 trillion, a PE ratio of 82.81, a price-to-earnings-growth ratio of 1.91 and a beta of 1.20. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $374.23. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.66 by $0.03. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The business had revenue of $15.95 billion during the quarter, compared to analysts' expectations of $15.82 billion. During the same quarter last year, the company posted $1.24 earnings per share. The business's quarterly revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. Sell-side analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, September 22nd. Broadcom's payout ratio is presently 60.20%.

Wall Street Analyst Weigh In

AVGO has been the topic of several research reports. Wells Fargo & Company lifted their price objective on shares of Broadcom from $255.00 to $345.00 and gave the company an "equal weight" rating in a report on Friday, September 5th. UBS Group increased their target price on Broadcom from $290.00 to $345.00 and gave the company a "buy" rating in a research report on Monday, August 25th. Arete Research raised Broadcom to a "strong-buy" rating in a research report on Monday, July 28th. Barclays upped their price objective on Broadcom from $265.00 to $400.00 and gave the stock an "overweight" rating in a research note on Friday, September 5th. Finally, Argus upped their price objective on Broadcom from $285.00 to $375.00 and gave the stock a "buy" rating in a research note on Monday, September 8th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Broadcom presently has a consensus rating of "Buy" and a consensus price target of $357.22.

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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