Quintet Private Bank Europe S.A. Sells 2,092 Shares of Broadcom Inc. $AVGO

Quintet Private Bank Europe S.A. trimmed its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 11.0% during the 2nd quarter, Holdings Channel reports. The fund owned 16,924 shares of the semiconductor manufacturer’s stock after selling 2,092 shares during the period. Quintet Private Bank Europe S.A.’s holdings in Broadcom were worth $4,665,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. PARUS FINANCE UK Ltd lifted its position in shares of Broadcom by 175.3% during the first quarter. PARUS FINANCE UK Ltd now owns 100,578 shares of the semiconductor manufacturer’s stock valued at $16,840,000 after buying an additional 64,038 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Broadcom by 27.9% during the first quarter. Geneos Wealth Management Inc. now owns 64,130 shares of the semiconductor manufacturer’s stock valued at $10,737,000 after buying an additional 13,978 shares during the last quarter. Keener Financial Planning LLC lifted its position in shares of Broadcom by 34.8% during the first quarter. Keener Financial Planning LLC now owns 890 shares of the semiconductor manufacturer’s stock valued at $149,000 after buying an additional 230 shares during the last quarter. Diversify Wealth Management LLC lifted its position in shares of Broadcom by 5.6% during the first quarter. Diversify Wealth Management LLC now owns 38,016 shares of the semiconductor manufacturer’s stock valued at $6,365,000 after buying an additional 2,016 shares during the last quarter. Finally, Acorns Advisers LLC lifted its position in shares of Broadcom by 24.3% during the first quarter. Acorns Advisers LLC now owns 4,184 shares of the semiconductor manufacturer’s stock valued at $701,000 after buying an additional 818 shares during the last quarter. 76.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Mizuho increased their price target on shares of Broadcom from $355.00 to $410.00 and gave the company an “outperform” rating in a research report on Friday. Morgan Stanley increased their price objective on shares of Broadcom from $338.00 to $357.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. Wells Fargo & Company increased their price objective on shares of Broadcom from $255.00 to $345.00 and gave the company an “equal weight” rating in a research report on Friday, September 5th. Arete Research raised shares of Broadcom to a “strong-buy” rating in a research report on Monday, July 28th. Finally, KeyCorp increased their price objective on shares of Broadcom from $330.00 to $400.00 and gave the company an “overweight” rating in a research report on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Broadcom has an average rating of “Buy” and an average price target of $354.04.

Insider Buying and Selling at Broadcom

In other news, Director Harry L. You acquired 500 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were acquired at an average price of $363.38 per share, with a total value of $181,690.00. Following the purchase, the director directly owned 35,602 shares of the company’s stock, valued at $12,937,054.76. This trade represents a 1.42% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Gayla J. Delly sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $265.13, for a total transaction of $795,390.00. Following the sale, the director directly owned 33,352 shares in the company, valued at $8,842,615.76. The trade was a 8.25% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 3,550 shares of company stock worth $1,227,869 and have sold 850,112 shares worth $234,654,209. Company insiders own 2.00% of the company’s stock.

Broadcom Stock Performance

AVGO opened at $359.87 on Monday. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $374.23. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $1.70 trillion, a PE ratio of 91.80, a P/E/G ratio of 1.99 and a beta of 1.16. The firm has a 50 day moving average of $300.31 and a two-hundred day moving average of $242.50.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (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 company had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.82 billion. During the same period last year, the firm posted $1.24 EPS. Broadcom’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. On average, analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. Broadcom’s dividend payout ratio (DPR) is presently 60.20%.

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.