Broadcom Inc. $AVGO Shares Sold by Leslie Global Wealth LLC

Leslie Global Wealth LLC trimmed its position in Broadcom Inc. (NASDAQ:AVGO) by 6.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,488 shares of the semiconductor manufacturer’s stock after selling 158 shares during the quarter. Leslie Global Wealth LLC’s holdings in Broadcom were worth $686,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dilation Capital Management LP raised its stake in Broadcom by 167.9% in the second quarter. Dilation Capital Management LP now owns 21,380 shares of the semiconductor manufacturer’s stock valued at $5,893,000 after buying an additional 13,400 shares in the last quarter. Tobias Financial Advisors Inc. increased its holdings in shares of Broadcom by 10.8% in the 2nd quarter. Tobias Financial Advisors Inc. now owns 1,946 shares of the semiconductor manufacturer’s stock valued at $537,000 after acquiring an additional 189 shares during the last quarter. First National Advisers LLC raised its position in shares of Broadcom by 8.3% during the 2nd quarter. First National Advisers LLC now owns 10,448 shares of the semiconductor manufacturer’s stock worth $2,880,000 after acquiring an additional 797 shares in the last quarter. Stablepoint Partners LLC lifted its stake in Broadcom by 5.2% during the second quarter. Stablepoint Partners LLC now owns 41,569 shares of the semiconductor manufacturer’s stock worth $11,459,000 after purchasing an additional 2,052 shares during the last quarter. Finally, Berry Wealth Group LP lifted its stake in Broadcom by 0.6% during the second quarter. Berry Wealth Group LP now owns 46,196 shares of the semiconductor manufacturer’s stock worth $12,734,000 after purchasing an additional 269 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

Broadcom Trading Up 1.3%

NASDAQ AVGO opened at $402.89 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $1.90 trillion, a P/E ratio of 102.78, a P/E/G ratio of 1.37 and a beta of 1.19. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $403.00. The firm has a 50-day moving average price of $352.16 and a 200 day moving average price of $306.78.

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 return on equity of 36.60% and a net margin of 31.59%.The company had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. During the same quarter in the previous year, the company earned $1.24 EPS. The firm’s revenue for the quarter was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. Equities research analysts expect that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were given a $0.59 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.36 annualized dividend and a yield of 0.6%. Broadcom’s dividend payout ratio is presently 60.20%.

Analyst Ratings Changes

Several equities analysts have commented on AVGO shares. KeyCorp set a $460.00 price target on shares of Broadcom in a research note on Monday, October 13th. Mizuho set a $435.00 target price on Broadcom and gave the company an “outperform” rating in a report on Tuesday, October 21st. The Goldman Sachs Group set a $435.00 price objective on Broadcom and gave the company a “buy” rating in a research note on Tuesday. Sanford C. Bernstein raised their target price on shares of Broadcom from $295.00 to $400.00 and gave the stock an “outperform” rating in a research report on Friday, September 5th. Finally, Evercore ISI lifted their target price on shares of Broadcom from $342.00 to $403.00 and gave the company an “outperform” rating in a report on Wednesday, October 15th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $377.61.

Insider Transactions at Broadcom

In other Broadcom news, CFO Kirsten M. Spears sold 7,498 shares of the firm’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total value of $2,606,754.68. Following the completion of the sale, the chief financial officer owned 313,330 shares of the company’s stock, valued at approximately $108,932,307.80. This trade represents a 2.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charlie B. Kawwas sold 3,893 shares of the company’s stock in a transaction 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 transaction, the insider directly owned 25,295 shares in the company, valued at approximately $8,798,106.90. This trade represents a 13.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have bought 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 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.