Delta Investment Management LLC Sells 559 Shares of Broadcom Inc. $AVGO

27 Aug 2025, 11:22 by Teresa Graham · The Cerbat Gem

Delta Investment Management LLC cut its holdings in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) by 10.5% in the 1st quarter, HoldingsChannel reports. The fund owned 4,761 shares of the semiconductor manufacturer’s stock after selling 559 shares during the period. Delta Investment Management LLC’s holdings in Broadcom were worth $797,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in AVGO. Waddell & Associates LLC increased its holdings in shares of Broadcom by 2.1% in the first quarter. Waddell & Associates LLC now owns 2,091 shares of the semiconductor manufacturer’s stock worth $350,000 after purchasing an additional 43 shares during the period. True Wealth Design LLC grew its holdings in Broadcom by 7.2% in the fourth quarter. True Wealth Design LLC now owns 712 shares of the semiconductor manufacturer’s stock worth $165,000 after purchasing an additional 48 shares during the period. Wescott Financial Advisory Group LLC increased its stake in Broadcom by 3.8% during the 1st quarter. Wescott Financial Advisory Group LLC now owns 1,326 shares of the semiconductor manufacturer’s stock valued at $222,000 after purchasing an additional 48 shares in the last quarter. Martingale Asset Management L P lifted its stake in Broadcom by 1.3% during the 1st quarter. Martingale Asset Management L P now owns 3,876 shares of the semiconductor manufacturer’s stock valued at $649,000 after acquiring an additional 48 shares during the period. Finally, Fulton Breakefield Broenniman LLC boosted its holdings in shares of Broadcom by 2.4% in the first quarter. Fulton Breakefield Broenniman LLC now owns 2,130 shares of the semiconductor manufacturer’s stock worth $357,000 after buying an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom Stock Up 1.3%

Shares of NASDAQ AVGO opened at $298.01 on Wednesday. The company has a market capitalization of $1.40 trillion, a PE ratio of 111.61, a price-to-earnings-growth ratio of 2.09 and a beta of 1.15. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.08 and a quick ratio of 0.98. The firm’s 50-day moving average is $284.66 and its two-hundred day moving average is $233.28. Broadcom Inc. has a 12-month low of $134.90 and a 12-month high of $317.35.

Broadcom (NASDAQ:AVGO – Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The semiconductor manufacturer reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.01. Broadcom had a net margin of 22.64% and a return on equity of 35.49%. The company had revenue of $15 billion for the quarter, compared to the consensus estimate of $14.98 billion. During the same quarter last year, the firm posted $10.96 earnings per share. Broadcom’s revenue was up 20.2% on a year-over-year basis. Broadcom has set its Q3 2025 guidance at EPS. Equities analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 20th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, June 20th. Broadcom’s dividend payout ratio (DPR) is currently 88.39%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Wells Fargo & Company lifted their price objective on Broadcom from $230.00 to $255.00 and gave the stock an “equal weight” rating in a research note on Friday, June 6th. Bank of America lifted their price target on Broadcom from $240.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, June 6th. Evercore ISI restated an “outperform” rating and set a $304.00 target price (up from $267.00) on shares of Broadcom in a research report on Friday, June 6th. Mizuho upped their target price on shares of Broadcom from $315.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, July 16th. Finally, HSBC raised Broadcom from a “hold” rating to a “buy” rating and set a $400.00 price target on the stock in a research note on Tuesday, June 24th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Broadcom currently has a consensus rating of “Buy” and an average target price of $300.96.

Read Our Latest Report on AVGO

Insider Transactions at Broadcom

In other news, insider Charlie B. Kawwas sold 10,000 shares of the company’s stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $252.88, for a total transaction of $2,528,800.00. Following the completion of the transaction, the insider owned 789,784 shares in the company, valued at approximately $199,720,577.92. This represents a 1.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark David Brazeal sold 50,000 shares of the company’s stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $253.28, for a total transaction of $12,664,000.00. Following the completion of the sale, the insider directly owned 415,956 shares of the company’s stock, valued at $105,353,335.68. The trade was a 10.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 830,516 shares of company stock valued at $217,286,457 over the last ninety days. Insiders own 2.00% of the company’s stock.

Broadcom Profile

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