Joel Isaacson & Co. LLC Sells 515 Shares of Broadcom Inc. $AVGO

Joel Isaacson & Co. LLC reduced its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 4.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,426 shares of the semiconductor manufacturer’s stock after selling 515 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in Broadcom were worth $3,150,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. HTG Investment Advisors Inc. bought a new position in shares of Broadcom during the 2nd quarter worth approximately $231,000. CFM Wealth Partners LLC grew its stake in shares of Broadcom by 97.8% during the 2nd quarter. CFM Wealth Partners LLC now owns 7,257 shares of the semiconductor manufacturer’s stock worth $2,001,000 after acquiring an additional 3,589 shares in the last quarter. Tyche Wealth Partners LLC grew its stake in shares of Broadcom by 45.4% during the 2nd quarter. Tyche Wealth Partners LLC now owns 5,775 shares of the semiconductor manufacturer’s stock worth $1,592,000 after acquiring an additional 1,802 shares in the last quarter. KLP Kapitalforvaltning AS grew its stake in shares of Broadcom by 4.2% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 1,626,680 shares of the semiconductor manufacturer’s stock worth $448,394,000 after acquiring an additional 65,500 shares in the last quarter. Finally, Avantra Family Wealth Inc. grew its stake in shares of Broadcom by 4.4% during the 2nd quarter. Avantra Family Wealth Inc. now owns 7,461 shares of the semiconductor manufacturer’s stock worth $2,057,000 after acquiring an additional 314 shares in the last quarter. 76.43% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Kirsten M. Spears sold 7,498 shares of Broadcom stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total transaction 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Hock E. Tan sold 148,154 shares of Broadcom stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $336.67, for a total value of $49,879,007.18. Following the sale, the chief executive officer directly owned 825,998 shares of the company’s stock, valued at $278,088,746.66. This represents a 15.21% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 3,550 shares of company stock valued at $1,227,869 and sold 664,471 shares valued at $225,184,128. 2.00% of the stock is owned by company insiders.

Broadcom Trading Down 5.9%

AVGO stock opened at $324.63 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. The company has a fifty day moving average price of $322.64 and a two-hundred day moving average price of $263.58. Broadcom Inc. has a one year low of $138.10 and a one year high of $374.23. The stock has a market cap of $1.53 trillion, a price-to-earnings ratio of 82.81, a price-to-earnings-growth ratio of 1.80 and a beta of 1.20.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings data 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 net margin of 31.59% and a return on equity of 36.60%. The firm had revenue of $15.95 billion during the quarter, compared to analysts’ expectations of $15.82 billion. During the same period in the previous year, the business posted $1.24 earnings per share. The company’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 analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, September 22nd. Broadcom’s payout ratio is 60.20%.

Analyst Ratings Changes

AVGO has been the subject of several research reports. Morgan Stanley raised their price target on shares of Broadcom from $338.00 to $357.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. Evercore ISI reaffirmed an “outperform” rating and set a $342.00 price target (up from $304.00) on shares of Broadcom in a research note on Thursday, September 4th. Argus raised their target price on shares of Broadcom from $285.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, September 8th. Macquarie initiated coverage on shares of Broadcom in a research note on Monday, September 15th. They issued an “outperform” rating and a $420.00 target price for the company. Finally, Citigroup raised their target price on shares of Broadcom from $315.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $357.22.

Broadcom Company 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.