Broadcom Inc. $AVGO Shares Bought by Gerber Kawasaki Wealth & Investment Management

Key Points

• Gerber Kawasaki Wealth & Investment Management increased its stake in Broadcom by 24.1% during the first quarter, owning 40,612 shares valued at approximately $6.8 million.
• Broadcom reported earnings of $1.58 per share for the last quarter, surpassing estimates, with total revenue reaching $15 billion—a 20.2% increase from the previous year.
• The company recently paid a quarterly dividend of $0.59 per share, resulting in an annualized dividend of $2.36 and a yield of 0.8%.

Gerber Kawasaki Wealth & Investment Management grew its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 24.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,612 shares of the semiconductor manufacturer's stock after purchasing an additional 7,893 shares during the period. Gerber Kawasaki Wealth & Investment Management's holdings in Broadcom were worth $6,800,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Broadcom in the first quarter valued at $25,000. Cheviot Value Management LLC acquired a new stake in shares of Broadcom in the first quarter valued at $25,000. Inlight Wealth Management LLC acquired a new stake in shares of Broadcom in the first quarter valued at $26,000. Sunbeam Capital Management LLC acquired a new stake in shares of Broadcom in the fourth quarter valued at $28,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in shares of Broadcom in the fourth quarter valued at $30,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom Stock Performance

Shares of AVGO stock opened at $300.25 on Thursday. The stock's 50-day moving average is $285.64 and its two-hundred day moving average is $233.74. The firm has a market cap of $1.41 trillion, a price-to-earnings ratio of 112.45, a PEG ratio of 2.12 and a beta of 1.15. Broadcom Inc. has a 1 year low of $134.90 and a 1 year high of $317.35. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.98 and a current ratio of 1.08.

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

Broadcom Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend was Friday, June 20th. This represents a $2.36 annualized dividend and a dividend yield of 0.8%. Broadcom's dividend payout ratio (DPR) is presently 88.39%.

Insider Activity at Broadcom

In other Broadcom 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 transaction of $125,739,356.34. Following the transaction, the director owned 38,188,575 shares of the company's stock, valued at approximately $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 can be accessed through this hyperlink. Also, CFO Kirsten M. Spears sold 56,310 shares of the firm's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $251.75, for a total value of $14,176,042.50. Following the transaction, the chief financial officer directly owned 361,937 shares in the company, valued at approximately $91,117,639.75. The trade was a 13.46% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 830,516 shares of company stock valued at $217,286,457. Corporate insiders own 2.00% of the company's stock.

Analyst Ratings Changes

AVGO has been the topic of several analyst reports. Seaport Res Ptn upgraded Broadcom to a "strong-buy" rating in a research note on Wednesday, April 30th. HSBC upgraded Broadcom from a "hold" rating to a "buy" rating and set a $400.00 price objective on the stock in a research note on Tuesday, June 24th. Rosenblatt Securities increased their price objective on Broadcom from $223.00 to $340.00 and gave the company a "buy" rating in a research note on Friday, June 6th. UBS Group raised their price target on Broadcom from $290.00 to $345.00 and gave the company a "buy" rating in a research note on Monday. Finally, The Goldman Sachs Group restated a "buy" rating and issued a $340.00 price target on shares of Broadcom in a research note on Wednesday, August 13th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $300.96.

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.

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