Broadcom Inc. $AVGO Shares Sold by Stokes Capital Advisors LLC

by · The Cerbat Gem

Stokes Capital Advisors LLC trimmed its position in Broadcom Inc. (NASDAQ:AVGO – Free Report) by 7.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,629 shares of the semiconductor manufacturer’s stock after selling 5,071 shares during the quarter. Broadcom accounts for 4.2% of Stokes Capital Advisors LLC’s holdings, making the stock its 3rd biggest holding. Stokes Capital Advisors LLC’s holdings in Broadcom were worth $17,264,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of AVGO. Barnes Dennig Private Wealth Management LLC acquired a new stake in Broadcom in the 1st quarter worth about $25,000. Cheviot Value Management LLC bought a new stake in shares of Broadcom in the first quarter valued at approximately $25,000. Inlight Wealth Management LLC acquired a new stake in Broadcom during the first quarter worth approximately $26,000. Sunbeam Capital Management LLC bought a new position in Broadcom during the 4th quarter worth $28,000. Finally, Vermillion Wealth Management Inc. acquired a new position in Broadcom in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Hsbc Global Res upgraded Broadcom from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 24th. Evercore ISI reissued an “outperform” rating and issued a $342.00 target price (up from $304.00) on shares of Broadcom in a report on Thursday, September 4th. Bank of America upped their price target on shares of Broadcom from $300.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Wall Street Zen raised shares of Broadcom from a “hold” rating to a “buy” rating in a research note on Saturday, September 6th. Finally, KeyCorp upped their target price on Broadcom from $330.00 to $400.00 and gave the stock an “overweight” rating in a research note on Friday, September 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Broadcom presently has a consensus rating of “Buy” and a consensus target price of $356.48.

Get Our Latest Stock Analysis on Broadcom

Broadcom Stock Down 3.8%

Broadcom stock opened at $346.17 on Thursday. The firm has a market cap of $1.63 trillion, a price-to-earnings ratio of 88.31, a PEG ratio of 1.99 and a beta of 1.16. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $374.23. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. The firm has a 50 day moving average price of $305.24 and a two-hundred day moving average price of $245.16.

Broadcom (NASDAQ:AVGO – Get Free Report) last announced its 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. The business had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. Broadcom’s quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. Equities analysts predict that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 22nd will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.36 annualized dividend and a yield of 0.7%. Broadcom’s dividend payout ratio (DPR) is currently 60.20%.

Insiders Place Their Bets

In related news, CEO Hock E. Tan sold 148,154 shares of the business’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $336.67, for a total transaction of $49,879,007.18. Following the transaction, the chief executive officer owned 825,998 shares in the company, valued at $278,088,746.66. The trade was a 15.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gayla J. Delly sold 3,000 shares of the stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $265.13, for a total transaction of $795,390.00. Following the transaction, the director directly owned 33,352 shares in the company, valued at approximately $8,842,615.76. This represents a 8.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have acquired 3,550 shares of company stock valued at $1,227,869 and have sold 794,602 shares valued at $220,766,166. 2.00% of the stock is owned by corporate insiders.

Broadcom Company Profile

(Free Report)

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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