Broadcom Inc. $AVGO Shares Sold by Orange Investment Advisors Inc.

Orange Investment Advisors Inc. decreased its position in Broadcom Inc. (NASDAQ:AVGO) by 12.3% in the second quarter, HoldingsChannel.com reports. The fund owned 32,068 shares of the semiconductor manufacturer’s stock after selling 4,510 shares during the period. Broadcom comprises approximately 1.5% of Orange Investment Advisors Inc.’s investment portfolio, making the stock its 16th biggest holding. Orange Investment Advisors Inc.’s holdings in Broadcom were worth $12,114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Midwest Financial Group LLC grew its stake in Broadcom by 4.2% during the 2nd quarter. Midwest Financial Group LLC now owns 3,148 shares of the semiconductor manufacturer’s stock valued at $1,189,000 after purchasing an additional 126 shares during the last quarter. Financial Life Planners raised its stake in shares of Broadcom by 53.0% in the second quarter. Financial Life Planners now owns 2,657 shares of the semiconductor manufacturer’s stock worth $1,004,000 after purchasing an additional 920 shares during the last quarter. Crown Wealth Group LLC raised its stake in shares of Broadcom by 2.4% in the second quarter. Crown Wealth Group LLC now owns 6,691 shares of the semiconductor manufacturer’s stock worth $2,528,000 after purchasing an additional 160 shares during the last quarter. Wilkerson Advisory Group LLC lifted its holdings in shares of Broadcom by 4.0% during the second quarter. Wilkerson Advisory Group LLC now owns 2,375 shares of the semiconductor manufacturer’s stock worth $898,000 after purchasing an additional 92 shares during the period. Finally, Center for Financial Planning Inc. lifted its holdings in shares of Broadcom by 2.3% during the second quarter. Center for Financial Planning Inc. now owns 9,980 shares of the semiconductor manufacturer’s stock worth $3,770,000 after purchasing an additional 228 shares during the period. Institutional investors and hedge funds own 76.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AVGO shares. Zacks Research lowered Broadcom from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Erste Group Bank restated a “hold” rating on shares of Broadcom in a research note on Tuesday, July 7th. Benchmark upped their price objective on shares of Broadcom from $485.00 to $545.00 and gave the company a “buy” rating in a report on Thursday, June 4th. Weiss Ratings lowered shares of Broadcom from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. Finally, DA Davidson raised their target price on shares of Broadcom from $375.00 to $400.00 and gave the stock a “neutral” rating in a report on Thursday, June 4th. Twenty-eight research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $493.24.

Insider Activity

In other Broadcom news, Director Harry L. You purchased 1,000 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was purchased at an average price of $373.57 per share, for a total transaction of $373,570.00. Following the purchase, the director directly owned 38,466 shares in the company, valued at approximately $14,369,743.62. This trade represents a 2.67% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Justine Page sold 1,602 shares of the company’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $373.86, for a total value of $598,923.72. Following the completion of the transaction, the director directly owned 17,426 shares of the company’s stock, valued at $6,514,884.36. The trade was a 8.42% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 61,644 shares of company stock valued at $24,016,214. Insiders own 1.90% of the company’s stock.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s custom-silicon and XPU opportunity remains a key long-term catalyst. Analysts and commentators point to accelerating AI infrastructure spending, major customer agreements, and potential growth in custom chips and networking. Broadcom: XPU Growth Trajectory Underestimated, Stock A Bargain
• Positive Sentiment: Wall Street’s average price target implies substantial upside from recent trading levels, supporting the bullish view that the market may be underestimating Broadcom’s AI growth trajectory. Broadcom is Down Over 3 Months: One Wall Street Pro Sees 60%+ Gains Ahead
• Positive Sentiment: Continued institutional interest, including purchases by GAMCO Investors and Cathie Wood’s reported investment, provides some additional support for the stock’s long-term AI investment case. Cathie Wood buys $16.2 million of Broadcom

Broadcom Price Performance

NASDAQ:AVGO opened at $393.05 on Monday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.24 and a quick ratio of 2.01. The firm has a market cap of $1.87 trillion, a price-to-earnings ratio of 65.51, a price-to-earnings-growth ratio of 0.75 and a beta of 1.45. The company has a 50 day moving average price of $389.79 and a 200-day moving average price of $373.64. Broadcom Inc. has a 1-year low of $281.87 and a 1-year high of $495.00.

Broadcom (NASDAQ:AVGO) last posted its earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.04. Broadcom had a net margin of 38.85% and a return on equity of 41.61%. The firm had revenue of $22.19 billion during the quarter, compared to analysts’ expectations of $22.13 billion. During the same period in the previous year, the business posted $1.58 EPS. The business’s revenue was up 47.9% compared to the same quarter last year. Equities research analysts forecast that Broadcom Inc. will post 10.24 EPS for the current year.

Broadcom Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd were given a $0.65 dividend. The ex-dividend date was Monday, June 22nd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. Broadcom’s dividend payout ratio is 43.33%.

Broadcom Company Profile

Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company’s semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.

On the semiconductor side, Broadcom’s portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.