Virtus Advisers LLC Cuts Position in Broadcom Inc. $AVGO

Key Points

• Virtus Advisers LLC has reduced its holdings in Broadcom Inc. by 87.1%, now owning only 863 shares after selling 5,830 shares, with its holdings valued at $144,000 as per the latest SEC filing.
• Despite a significant sell-off by some investors, other firms like PARUS FINANCE UK Ltd and Keener Financial Planning LLC have dramatically increased their stakes in Broadcom, indicating a mixed sentiment among institutional investors.
• Broadcom reported a quarterly earnings result of $1.58 EPS, exceeding analyst estimates, and has set a Q3 2025 guidance, further solidifying its position amid varied institutional responses.

Virtus Advisers LLC cut its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 87.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 863 shares of the semiconductor manufacturer's stock after selling 5,830 shares during the quarter. Virtus Advisers LLC's holdings in Broadcom were worth $144,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in AVGO. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Broadcom in the 1st quarter worth about $25,000. Cheviot Value Management LLC bought a new position in shares of Broadcom in the 1st quarter worth about $25,000. Inlight Wealth Management LLC bought a new position in shares of Broadcom in the 1st quarter worth about $26,000. Sunbeam Capital Management LLC bought a new position in shares of Broadcom in the 4th quarter worth about $28,000. Finally, Vermillion Wealth Management Inc. bought a new position in shares of Broadcom in the 4th quarter worth about $30,000. 76.43% of the stock is owned by institutional investors.

Insider Buying and Selling at Broadcom

In other Broadcom news, insider Mark David Brazeal sold 50,000 shares of Broadcom stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $253.28, for a total transaction of $12,664,000.00. Following the completion of the transaction, the insider owned 415,956 shares in the company, valued at approximately $105,353,335.68. The trade was a 10.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Hock E. Tan sold 117,758 shares of Broadcom stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $252.91, for a total value of $29,782,175.78. Following the transaction, the chief executive officer owned 1,014,152 shares of the company's stock, valued at $256,489,182.32. This trade represents a 10.40% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 830,516 shares of company stock worth $217,286,457. 2.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

AVGO has been the subject of several research analyst reports. Morgan Stanley set a $338.00 price objective on Broadcom and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Piper Sandler lifted their price objective on Broadcom from $300.00 to $315.00 and gave the stock an "overweight" rating in a research report on Friday, August 22nd. Truist Financial set a $295.00 price objective on Broadcom and gave the stock a "buy" rating in a research report on Friday, June 6th. Wells Fargo & Company lifted their price objective on Broadcom from $230.00 to $255.00 and gave the stock an "equal weight" rating in a research report on Friday, June 6th. Finally, Bank of America boosted their target price on Broadcom from $240.00 to $300.00 and gave the company a "buy" rating in a research report on Friday, June 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Broadcom has an average rating of "Buy" and an average target price of $300.96.

Broadcom Stock Up 0.8%

AVGO stock traded up $2.24 during mid-day trading on Wednesday, reaching $300.25. 13,776,491 shares of the company traded hands, compared to its average volume of 18,096,018. The stock has a market cap of $1.41 trillion, a price-to-earnings ratio of 112.45, a P/E/G ratio of 2.12 and a beta of 1.15. The company has a quick ratio of 0.98, a current ratio of 1.08 and a debt-to-equity ratio of 0.89. Broadcom Inc. has a fifty-two week low of $134.90 and a fifty-two week high of $317.35. The firm's 50 day moving average price is $285.64 and its 200 day moving average price is $233.74.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings results on Thursday, June 5th. The semiconductor manufacturer reported $1.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.57 by $0.01. The business had revenue of $15 billion during the quarter, compared to the consensus estimate of $14.98 billion. Broadcom had a return on equity of 35.49% and a net margin of 22.64%.The company's quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $10.96 EPS. Broadcom has set its Q3 2025 guidance at EPS. As a group, equities research analysts predict that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 20th were paid a dividend of $0.59 per share. The ex-dividend date was Friday, June 20th. This represents a $2.36 dividend on an annualized basis and a yield of 0.8%. Broadcom's payout ratio is 88.39%.

About Broadcom

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.