Bangor Savings Bank Cuts Stock Holdings in Broadcom Inc. $AVGO

Bangor Savings Bank trimmed its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 1.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,577 shares of the semiconductor manufacturer’s stock after selling 89 shares during the period. Bangor Savings Bank’s holdings in Broadcom were worth $1,262,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Sunbeam Capital Management LLC purchased a new position in Broadcom during the fourth quarter valued at $28,000. Vermillion Wealth Management Inc. purchased a new position in Broadcom during the fourth quarter valued at $30,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Broadcom in the 1st quarter worth $25,000. Cheviot Value Management LLC purchased a new position in shares of Broadcom in the 1st quarter worth $25,000. Finally, Inlight Wealth Management LLC purchased a new position in shares of Broadcom in the 1st quarter worth $26,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Broadcom Trading Up 0.1%

Shares of AVGO opened at $359.87 on Friday. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $374.23. The company has a 50-day moving average of $300.31 and a 200 day moving average of $242.19. The firm has a market capitalization of $1.69 trillion, a price-to-earnings ratio of 91.80, a PEG ratio of 1.99 and a beta of 1.16. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share 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 company had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.82 billion. During the same quarter last year, the business posted $1.24 EPS. The firm’s revenue for the quarter was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. On average, research analysts expect that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. TD Cowen lifted their price objective on shares of Broadcom from $355.00 to $370.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Broadcom from $300.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Redburn Atlantic initiated coverage on shares of Broadcom in a research note on Wednesday, May 28th. They issued a “buy” rating and a $301.00 price objective for the company. Oppenheimer restated an “outperform” rating and issued a $360.00 target price (up previously from $325.00) on shares of Broadcom in a report on Friday, September 5th. Finally, Cowen restated a “buy” rating on shares of Broadcom in a report on Friday, June 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Broadcom presently has a consensus rating of “Buy” and an average target price of $354.04.

Insider Activity at Broadcom

In other Broadcom news, Director Henry Samueli sold 473,898 shares of the firm’s stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $265.33, for a total transaction of $125,739,356.34. Following the transaction, the director owned 38,188,575 shares of the company’s stock, valued at approximately $10,132,574,604.75. This trade represents a 1.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Harry L. You bought 500 shares of the business’s stock in a transaction on Wednesday, September 10th. The shares were acquired at an average cost of $363.38 per share, for a total transaction of $181,690.00. Following the transaction, the director directly owned 35,602 shares in the company, valued at approximately $12,937,054.76. This trade represents a 1.42% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 3,550 shares of company stock worth $1,227,869 and have sold 850,912 shares worth $234,854,489. Corporate insiders own 2.00% of the company’s stock.

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.