Broadcom Inc. $AVGO Stake Reduced by Curat Global LLC

Curat Global LLC lessened its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 23.4% in the second quarter, HoldingsChannel.com reports. The firm owned 9,800 shares of the semiconductor manufacturer’s stock after selling 3,000 shares during the quarter. Broadcom comprises approximately 2.6% of Curat Global LLC’s holdings, making the stock its 5th largest holding. Curat Global LLC’s holdings in Broadcom were worth $2,701,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Nuveen LLC purchased a new stake in shares of Broadcom during the first quarter worth about $6,649,117,000. Price T Rowe Associates Inc. MD raised its position in Broadcom by 37.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer’s stock valued at $10,968,270,000 after purchasing an additional 17,985,046 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Broadcom by 16.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 31,854,414 shares of the semiconductor manufacturer’s stock worth $5,333,384,000 after buying an additional 4,550,647 shares during the period. Deutsche Bank AG grew its position in shares of Broadcom by 36.9% in the 1st quarter. Deutsche Bank AG now owns 15,758,895 shares of the semiconductor manufacturer’s stock worth $2,638,512,000 after buying an additional 4,245,345 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of Broadcom by 16.0% during the first quarter. Alliancebernstein L.P. now owns 29,513,814 shares of the semiconductor manufacturer’s stock valued at $4,941,498,000 after buying an additional 4,077,910 shares during the period. 76.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Charlie B. Kawwas sold 3,893 shares of Broadcom stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total value of $1,354,063.26. Following the completion of the transaction, the insider owned 25,295 shares of the company’s stock, valued at $8,798,106.90. The trade was a 13.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Henry Samueli sold 368,797 shares of the company’s stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the completion of the transaction, the director owned 37,722,534 shares in the company, valued at approximately $12,746,821,463.94. The trade was a 0.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders purchased 3,550 shares of company stock valued at $1,227,869 and sold 665,271 shares valued at $225,464,248. Insiders own 2.00% of the company’s stock.

Broadcom Price Performance

Shares of NASDAQ AVGO opened at $369.63 on Friday. The company has a 50 day simple moving average of $339.31 and a two-hundred day simple moving average of $282.63. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $386.48. The company has a market capitalization of $1.75 trillion, a price-to-earnings ratio of 94.29, a P/E/G ratio of 2.12 and a beta of 1.20. 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 (NASDAQ:AVGO) last issued its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, topping 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 firm had revenue of $15.95 billion for the quarter, compared to analysts’ expectations of $15.82 billion. During the same period in the previous year, the firm posted $1.24 EPS. The business’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. Analysts expect that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were 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 was Monday, September 22nd. Broadcom’s dividend payout ratio is currently 60.20%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Oppenheimer reiterated an “outperform” rating and issued a $360.00 price target (up previously from $325.00) on shares of Broadcom in a report on Friday, September 5th. UBS Group set a $415.00 price target on shares of Broadcom and gave the company a “buy” rating in a research report on Tuesday, October 14th. Macquarie began coverage on shares of Broadcom in a research note on Monday, September 15th. They issued an “outperform” rating and a $420.00 price target for the company. The Goldman Sachs Group reaffirmed a “buy” rating and set a $340.00 price objective on shares of Broadcom in a research report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. increased their target price on Broadcom from $325.00 to $400.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $372.52.

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.