BOS Asset Management LLC Has $965,000 Holdings in Broadcom Inc. $AVGO

BOS Asset Management LLC cut its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 5.9% in the first quarter, HoldingsChannel reports. The fund owned 5,763 shares of the semiconductor manufacturer’s stock after selling 364 shares during the quarter. BOS Asset Management LLC’s holdings in Broadcom were worth $965,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Barnes Dennig Private Wealth Management LLC acquired a new stake in Broadcom during the 1st quarter worth about $25,000. Cheviot Value Management LLC acquired a new stake in Broadcom during the 1st quarter worth about $25,000. Inlight Wealth Management LLC acquired a new stake in Broadcom during the 1st quarter worth about $26,000. Sunbeam Capital Management LLC acquired a new stake in Broadcom during the 4th quarter worth about $28,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in Broadcom during the 4th quarter worth about $30,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom Stock Up 9.8%

Shares of AVGO stock opened at $369.57 on Thursday. The stock’s 50 day simple moving average is $296.92 and its 200 day simple moving average is $239.85. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $372.97. The company has a market capitalization of $1.74 trillion, a price-to-earnings ratio of 94.28, a PEG ratio of 1.86 and a beta of 1.16.

Broadcom (NASDAQ:AVGO) last issued 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 return on equity of 36.60% and a net margin of 31.59%.The business had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $15.82 billion. During the same period last year, the business earned $1.24 EPS. The firm’s revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. As a group, research analysts predict that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

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 paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, September 22nd. Broadcom’s dividend payout ratio (DPR) is presently 60.20%.

Analyst Ratings Changes

AVGO has been the subject of several research reports. Redburn Atlantic initiated coverage on Broadcom in a report on Wednesday, May 28th. They set a “buy” rating and a $301.00 price target for the company. The Goldman Sachs Group reiterated a “buy” rating and set a $340.00 price target on shares of Broadcom in a report on Wednesday, August 13th. Wells Fargo & Company lifted their price target on Broadcom from $255.00 to $345.00 and gave the company an “equal weight” rating in a report on Friday, September 5th. UBS Group lifted their price target on Broadcom from $290.00 to $345.00 and gave the company a “buy” rating in a report on Monday, August 25th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Broadcom from $300.00 to $350.00 and gave the company a “buy” rating in a report on Friday, September 5th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $351.92.

Insiders Place Their Bets

In related news, CFO Kirsten M. Spears sold 56,310 shares of the firm’s stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $251.75, for a total value of $14,176,042.50. Following the transaction, the chief financial officer directly owned 361,937 shares of the company’s stock, valued at approximately $91,117,639.75. This trade represents a 13.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark David Brazeal sold 50,000 shares of Broadcom stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $253.28, for a total value of $12,664,000.00. Following the completion of the transaction, the insider directly owned 415,956 shares in the company, valued at approximately $105,353,335.68. This represents a 10.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders purchased 3,550 shares of company stock worth $1,227,869 and sold 702,758 shares worth $184,975,481. 2.00% of the stock is currently owned by insiders.

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.