Broadcom Inc. $AVGO Shares Purchased by Ashton Thomas Private Wealth LLC

Key Points

• Ashton Thomas Private Wealth LLC has increased its holdings in Broadcom Inc. by 0.7%, owning a total of 123,438 shares valued at $20.67 million as of the end of the first quarter.
• Broadcom's stock price has risen by 9.4%, reaching $334.89, while the company reported a revenue increase of 22% year-over-year and earnings per share of $1.69, surpassing estimates.
• The company recently declared a quarterly dividend of $0.59, equating to an annualized yield of 0.7%, with an upcoming ex-dividend date of September 22nd.

Ashton Thomas Private Wealth LLC lifted its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 0.7% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 123,438 shares of the semiconductor manufacturer's stock after buying an additional 894 shares during the quarter. Broadcom comprises about 0.8% of Ashton Thomas Private Wealth LLC's portfolio, making the stock its 23rd largest holding. Ashton Thomas Private Wealth LLC's holdings in Broadcom were worth $20,667,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Waddell & Associates LLC lifted its position in Broadcom by 2.1% during the first quarter. Waddell & Associates LLC now owns 2,091 shares of the semiconductor manufacturer's stock valued at $350,000 after buying an additional 43 shares during the period. True Wealth Design LLC raised its position in shares of Broadcom by 7.2% in the 4th 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 last quarter. Martingale Asset Management L P raised its position in shares of Broadcom by 1.3% in the 1st quarter. Martingale Asset Management L P now owns 3,876 shares of the semiconductor manufacturer's stock worth $649,000 after purchasing an additional 48 shares during the last quarter. Wescott Financial Advisory Group LLC increased its holdings in Broadcom by 3.8% in the 1st quarter. Wescott Financial Advisory Group LLC now owns 1,326 shares of the semiconductor manufacturer's stock worth $222,000 after buying an additional 48 shares in the last quarter. Finally, Monterey Private Wealth Inc. increased its holdings in Broadcom by 1.8% in the 1st quarter. Monterey Private Wealth Inc. now owns 2,780 shares of the semiconductor manufacturer's stock worth $465,000 after buying an additional 48 shares in the last quarter. 76.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Redburn Atlantic assumed coverage on Broadcom in a research note on Wednesday, May 28th. They set a "buy" rating and a $301.00 price target for the company. HSBC raised Broadcom from a "hold" rating to a "buy" rating and set a $400.00 price objective on the stock in a research report on Tuesday, June 24th. Mizuho lifted their price objective on Broadcom from $320.00 to $355.00 and gave the company an "outperform" rating in a research report on Friday, September 5th. Arete Research raised Broadcom to a "strong-buy" rating in a report on Monday, July 28th. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $340.00 price target on shares of Broadcom in a report on Wednesday, August 13th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Broadcom presently has a consensus rating of "Buy" and an average target price of $351.92.

Insider Transactions at Broadcom

In other news, Director Henry Samueli sold 473,898 shares of the firm's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $265.33, for a total value of $125,739,356.34. Following the completion of the transaction, the director directly owned 38,188,575 shares in the company, valued at $10,132,574,604.75. This trade represents a 1.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gayla J. Delly sold 3,000 shares of the firm's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $265.13, for a total value of $795,390.00. Following the completion of the transaction, the director owned 33,352 shares of the company's stock, valued at approximately $8,842,615.76. The trade was a 8.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 820,516 shares of company stock valued at $214,757,657. 2.00% of the stock is owned by company insiders.

Broadcom Trading Up 9.8%

Broadcom stock traded up $32.90 during mid-day trading on Wednesday, hitting $369.57. The company's stock had a trading volume of 50,629,632 shares, compared to its average volume of 26,234,229. The company has a 50 day moving average of $294.92 and a 200-day moving average of $238.95. The stock has a market cap of $1.74 trillion, a PE ratio of 94.28, a P/E/G ratio of 1.89 and a beta of 1.16. 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 Inc. has a one year low of $138.10 and a one year high of $372.97.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating the consensus estimate of $1.66 by $0.03. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The company had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $15.82 billion. During the same quarter in the prior year, the company posted $1.24 EPS. Broadcom's quarterly revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. On average, research analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd will be paid a $0.59 dividend. The ex-dividend date is Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 0.6%. Broadcom's dividend payout ratio (DPR) is 60.20%.

Broadcom 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.