Venture Visionary Partners LLC Cuts Position in Broadcom Inc. $AVGO

Key Points

• Venture Visionary Partners LLC reduced its holdings in Broadcom Inc. by 8.9% during the second quarter, now owning 95,399 shares worth approximately $26.3 million.
• Broadcom reported a quarterly earnings per share (EPS) of $1.69, surpassing analysts' expectations, and noted a revenue increase of 22.0% year-over-year.
• The company recently declared a quarterly dividend of $0.59 per share, equating to an annualized dividend yield of 0.7%.

Venture Visionary Partners LLC lessened its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 8.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,399 shares of the semiconductor manufacturer's stock after selling 9,362 shares during the period. Broadcom comprises about 1.0% of Venture Visionary Partners LLC's portfolio, making the stock its 20th largest holding. Venture Visionary Partners LLC's holdings in Broadcom were worth $26,297,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of AVGO. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Broadcom in the 1st quarter valued at about $25,000. Cheviot Value Management LLC acquired a new stake in Broadcom in the 1st quarter worth about $25,000. Inlight Wealth Management LLC acquired a new stake in Broadcom in the 1st quarter worth about $26,000. Sawyer & Company Inc boosted its holdings in Broadcom by 62.1% in the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock worth $26,000 after buying an additional 36 shares during the last quarter. Finally, Legend Financial Advisors Inc. acquired a new stake in Broadcom in the 2nd quarter worth about $28,000. Hedge funds and other institutional investors own 76.43% of the company's stock.

Broadcom Price Performance

Shares of NASDAQ:AVGO opened at $338.18 on Friday. 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 company has a market cap of $1.60 trillion, a P/E ratio of 86.27, a PEG ratio of 1.85 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 50-day moving average price of $317.47 and a 200 day moving average price of $256.30.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating 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 firm had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.82 billion. During the same quarter last year, the firm earned $1.24 earnings per share. The firm'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 Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Truist Financial increased their target price on shares of Broadcom from $295.00 to $365.00 and gave the company a "buy" rating in a research report on Friday, September 5th. Citigroup boosted their target price on Broadcom from $315.00 to $350.00 and gave the stock a "buy" rating in a report on Friday, September 5th. Bank of America boosted their target price on Broadcom from $300.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, September 5th. Susquehanna boosted their target price on Broadcom from $280.00 to $300.00 and gave the stock a "positive" rating in a report on Friday, June 6th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $300.00 target price on shares of Broadcom in a report on Friday, June 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $357.22.

Insider Transactions at Broadcom

In other Broadcom news, insider Charlie B. Kawwas sold 3,893 shares of Broadcom stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total value of $1,354,063.26. Following the completion of the sale, the insider directly owned 25,295 shares of the company's stock, valued at approximately $8,798,106.90. The trade was a 13.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kirsten M. Spears sold 7,498 shares of Broadcom stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.66, for a total transaction of $2,606,754.68. Following the completion of the transaction, the chief financial officer owned 313,330 shares in the company, valued at approximately $108,932,307.80. This trade represents a 2.34% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders bought 3,550 shares of company stock worth $1,227,869 and sold 666,071 shares worth $225,623,008. Insiders own 2.00% of the company's stock.

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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