Broadcom Inc. $AVGO Shares Sold by Isthmus Partners LLC

Isthmus Partners LLC lowered its stake in Broadcom Inc. (NASDAQ:AVGO) by 0.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,610 shares of the semiconductor manufacturer’s stock after selling 264 shares during the period. Broadcom comprises 2.0% of Isthmus Partners LLC’s investment portfolio, making the stock its 6th biggest position. Isthmus Partners LLC’s holdings in Broadcom were worth $17,534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Cheviot Value Management LLC acquired a new position in Broadcom during the 1st quarter worth approximately $25,000. Sawyer & Company Inc lifted its position in shares of Broadcom by 62.1% during the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 36 shares during the last quarter. Longfellow Investment Management Co. LLC acquired a new position in shares of Broadcom during the second quarter worth $27,000. Legend Financial Advisors Inc. purchased a new position in Broadcom in the second quarter valued at $28,000. Finally, LGT Financial Advisors LLC acquired a new stake in Broadcom in the second quarter valued at $31,000. 76.43% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Charlie B. Kawwas sold 3,893 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the completion of the sale, the insider owned 25,295 shares in the company, valued at $8,798,106.90. This represents a 13.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have acquired 3,550 shares of company stock valued at $1,227,869 and have sold 665,271 shares valued at $225,483,192. 2.00% of the stock is currently owned by company insiders.

Broadcom Trading Down 4.3%

Shares of Broadcom stock opened at $385.83 on Tuesday. 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 company has a market capitalization of $1.82 trillion, a P/E ratio of 98.43, a PEG ratio of 1.37 and a beta of 1.19. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $403.00. The company’s fifty day moving average is $353.10 and its two-hundred day moving average is $308.39.

Broadcom (NASDAQ:AVGO) last announced its earnings results 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 business had revenue of $15.95 billion during the quarter, compared to analysts’ expectations of $15.82 billion. During the same period in the prior year, the company earned $1.24 earnings per share. The business’s revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. Analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

The business 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 dividend yield of 0.6%. The ex-dividend date was Monday, September 22nd. Broadcom’s dividend payout ratio (DPR) is 60.20%.

Analyst Ratings Changes

A number of research analysts have recently commented on AVGO shares. Barclays set a $450.00 price objective on Broadcom and gave the company an “overweight” rating in a report on Tuesday, October 14th. Oppenheimer restated an “outperform” rating and set a $360.00 price objective (up previously from $325.00) on shares of Broadcom in a research report on Friday, September 5th. Citigroup reaffirmed a “buy” rating and issued a $415.00 target price (up from $350.00) on shares of Broadcom in a research report on Tuesday, October 14th. Evercore ISI boosted their price target on shares of Broadcom from $342.00 to $403.00 and gave the company an “outperform” rating in a research report on Wednesday, October 15th. Finally, Rosenblatt Securities upped their price objective on shares of Broadcom from $340.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Broadcom presently has a consensus rating of “Buy” and a consensus price target of $383.00.

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.