Broadcom Inc. $AVGO Position Trimmed by Bell & Brown Wealth Advisors LLC

Key Points

• Bell & Brown Wealth Advisors LLC reduced its position in Broadcom Inc. by 7.2%, owning 64,338 shares valued at approximately $17.7 million, which constitutes 6.3% of their portfolio.
• Broadcom's recent earnings report showed an EPS of $1.69, exceeding expectations, and a year-over-year revenue growth of 22.0% to $15.95 billion.
• Following a recent quarterly dividend declaration, Broadcom’s dividend yield stands at 0.7%, with a payout ratio of 60.20% and a quarterly distribution of $0.59 per share.

Bell & Brown Wealth Advisors LLC lessened its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 7.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 64,338 shares of the semiconductor manufacturer's stock after selling 4,967 shares during the period. Broadcom comprises 6.3% of Bell & Brown Wealth Advisors LLC's portfolio, making the stock its largest holding. Bell & Brown Wealth Advisors LLC's holdings in Broadcom were worth $17,735,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AVGO. Nuveen LLC bought a new position in shares of Broadcom in the first quarter worth approximately $6,649,117,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Broadcom by 37.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer's stock worth $10,968,270,000 after buying an additional 17,985,046 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Broadcom by 16.7% in the first quarter. Goldman Sachs Group Inc. now owns 31,854,414 shares of the semiconductor manufacturer's stock worth $5,333,384,000 after buying an additional 4,550,647 shares in the last quarter. Deutsche Bank AG lifted its stake in shares of Broadcom by 36.9% in the first quarter. Deutsche Bank AG now owns 15,758,895 shares of the semiconductor manufacturer's stock worth $2,638,512,000 after buying an additional 4,245,345 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in shares of Broadcom by 16.0% in the first quarter. Alliancebernstein L.P. now owns 29,513,814 shares of the semiconductor manufacturer's stock worth $4,941,498,000 after buying an additional 4,077,910 shares in the last quarter. Institutional investors own 76.43% of the company's stock.

Broadcom Stock Up 1.2%

Shares of AVGO stock opened at $344.29 on Friday. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $374.23. The stock has a market cap of $1.63 trillion, a P/E ratio of 87.83, a P/E/G ratio of 1.92 and a beta of 1.20. 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 company has a 50 day simple moving average of $330.52 and a two-hundred day simple moving average of $273.74.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating 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 business had revenue of $15.95 billion during the quarter, compared to analysts' expectations of $15.82 billion. During the same period in the prior year, the company earned $1.24 earnings per share. The firm's revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. On average, research analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were issued 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 dividend payout ratio is currently 60.20%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on AVGO shares. Wall Street Zen upgraded shares of Broadcom from a "hold" rating to a "buy" rating in a research note on Saturday, September 6th. Argus increased their price objective on shares of Broadcom from $285.00 to $375.00 and gave the company a "buy" rating in a research report on Monday, September 8th. The Goldman Sachs Group restated a "buy" rating and set a $340.00 price objective on shares of Broadcom in a research report on Wednesday, August 13th. Sanford C. Bernstein increased their price objective on shares of Broadcom from $295.00 to $400.00 and gave the company an "outperform" rating in a research report on Friday, September 5th. Finally, UBS Group set a $415.00 price objective on shares of Broadcom and gave the company a "buy" rating in a research report on Tuesday, October 14th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $372.52.

Insider Buying and Selling at Broadcom

In other Broadcom news, Director Justine Page sold 800 shares of the company's stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $350.15, for a total transaction of $280,120.00. Following the completion of the sale, the director directly owned 22,182 shares of the company's stock, valued at approximately $7,767,027.30. This represents a 3.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark David Brazeal sold 16,558 shares of the company's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the sale, the insider directly owned 329,302 shares of the company's stock, valued at approximately $114,468,668.22. This represents a 4.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders bought 3,550 shares of company stock valued at $1,227,869 and sold 665,271 shares valued at $225,464,248. Corporate insiders own 2.00% of the company's stock.

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.

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