Rockefeller Capital Management L.P. Sells 55,734 Shares of Broadcom Inc. $AVGO

Rockefeller Capital Management L.P. cut its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 2.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,581,412 shares of the semiconductor manufacturer’s stock after selling 55,734 shares during the period. Broadcom comprises about 1.8% of Rockefeller Capital Management L.P.’s investment portfolio, making the stock its 7th biggest holding. Rockefeller Capital Management L.P.’s holdings in Broadcom were worth $731,429,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sawyer & Company Inc grew its stake in Broadcom by 62.1% during the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 36 shares in the last quarter. Legend Financial Advisors Inc. purchased a new position in shares of Broadcom during the 2nd quarter valued at approximately $28,000. LGT Financial Advisors LLC purchased a new position in shares of Broadcom during the 2nd quarter valued at approximately $31,000. New England Capital Financial Advisors LLC acquired a new stake in shares of Broadcom during the second quarter worth approximately $31,000. Finally, Maseco LLP bought a new stake in shares of Broadcom in the second quarter worth $34,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Broadcom

In other Broadcom news, Director Justine Page sold 800 shares of the firm’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $331.14, for a total value of $264,912.00. Following the sale, the director directly owned 21,382 shares in the company, valued at approximately $7,080,435.48. This trade represents a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Charlie B. Kawwas sold 3,893 shares of the business’s stock in a transaction on Wednesday, September 17th. The shares were 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 of the company’s stock, valued at approximately $8,798,106.90. This trade represents a 13.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders acquired 3,550 shares of company stock valued at $1,227,869 and sold 665,271 shares valued at $225,483,192. Corporate insiders own 2.00% of the company’s stock.

Broadcom Price Performance

AVGO opened at $340.50 on Wednesday. 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 company’s 50-day moving average price is $349.10 and its 200 day moving average price is $298.19. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $386.48. The firm has a market cap of $1.61 trillion, a price-to-earnings ratio of 86.86, a price-to-earnings-growth ratio of 1.37 and a beta of 1.19.

Broadcom (NASDAQ:AVGO) last posted its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating the consensus estimate of $1.66 by $0.03. The company had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The business’s revenue was up 22.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. As a group, sell-side analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have commented on the stock. Morgan Stanley set a $409.00 price objective on shares of Broadcom and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Rosenblatt Securities upped their target price on shares of Broadcom from $340.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Truist Financial lifted their price target on Broadcom from $295.00 to $365.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. The Goldman Sachs Group restated a “buy” rating and set a $340.00 price objective on shares of Broadcom in a research note 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 report on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $372.52.

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.