Broadcom Inc. $AVGO Shares Sold by Beacon Investment Advisory Services Inc.

Key Points

• Beacon Investment Advisory Services Inc. reduced its holdings in Broadcom by 8.8% in Q2, selling 8,155 shares, which leaves them with 84,121 shares valued at $23.19 million.
• Broadcom recently announced a quarterly dividend of $0.59 per share, which will be paid on September 30, representing an annualized yield of 0.7%.
• Several analysts have upgraded Broadcom's stock ratings, with price targets reaching as high as $410, indicating strong growth expectations for the company.

Beacon Investment Advisory Services Inc. trimmed its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 8.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,121 shares of the semiconductor manufacturer's stock after selling 8,155 shares during the quarter. Beacon Investment Advisory Services Inc.'s holdings in Broadcom were worth $23,188,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Harrell Investment Partners LLC boosted its holdings in Broadcom by 13.3% in the second quarter. Harrell Investment Partners LLC now owns 105,902 shares of the semiconductor manufacturer's stock valued at $29,192,000 after purchasing an additional 12,462 shares in the last quarter. Missouri Trust & Investment Co boosted its holdings in Broadcom by 2.0% in the second quarter. Missouri Trust & Investment Co now owns 3,640 shares of the semiconductor manufacturer's stock valued at $1,003,000 after purchasing an additional 73 shares in the last quarter. Regatta Capital Group LLC boosted its holdings in Broadcom by 7.8% in the second quarter. Regatta Capital Group LLC now owns 26,567 shares of the semiconductor manufacturer's stock valued at $7,323,000 after purchasing an additional 1,927 shares in the last quarter. Retireful LLC boosted its holdings in Broadcom by 49.2% in the second quarter. Retireful LLC now owns 7,907 shares of the semiconductor manufacturer's stock valued at $2,180,000 after purchasing an additional 2,609 shares in the last quarter. Finally, Legacy Solutions LLC boosted its holdings in Broadcom by 6.7% in the second quarter. Legacy Solutions LLC now owns 3,386 shares of the semiconductor manufacturer's stock valued at $933,000 after purchasing an additional 214 shares in the last quarter. 76.43% of the stock is owned by institutional investors and hedge funds.

Broadcom Trading Down 0.5%

NASDAQ:AVGO opened at $334.53 on Friday. The stock has a fifty day moving average price of $313.66 and a two-hundred day moving average price of $252.49. The stock has a market capitalization of $1.58 trillion, a price-to-earnings ratio of 85.34, a PEG ratio of 1.86 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 1 year low of $138.10 and a 1 year high of $374.23.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.03. The firm had revenue of $15.95 billion during the quarter, compared to analysts' expectations of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.Broadcom's revenue was up 22.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. As a group, sell-side analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd will be given a $0.59 dividend. The ex-dividend date is Monday, September 22nd. This represents a $2.36 annualized dividend and a yield of 0.7%. Broadcom's dividend payout ratio is presently 60.20%.

Insiders Place Their Bets

In other Broadcom news, CFO Kirsten M. Spears sold 7,498 shares of the company's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.66, for a total value of $2,606,754.68. Following the transaction, the chief financial officer directly owned 313,330 shares in the company, valued at approximately $108,932,307.80. This represents a 2.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Charlie B. Kawwas sold 3,893 shares of the company's stock in a transaction dated 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 completion of the transaction, the insider owned 25,295 shares in the company, valued at approximately $8,798,106.90. This trade represents a 13.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 3,550 shares of company stock valued at $1,227,869 and have sold 666,071 shares valued at $225,623,008. Corporate insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on AVGO. HSBC raised Broadcom from a "hold" rating to a "buy" rating and set a $400.00 price objective for the company in a report on Tuesday, June 24th. Deutsche Bank Aktiengesellschaft increased their price objective on Broadcom from $300.00 to $350.00 and gave the company a "buy" rating in a report on Friday, September 5th. Argus increased their price objective on Broadcom from $285.00 to $375.00 and gave the company a "buy" rating in a report on Monday, September 8th. Mizuho increased their price objective on Broadcom from $355.00 to $410.00 and gave the company an "outperform" rating in a report on Friday, September 12th. Finally, Bank of America increased their price objective on Broadcom from $300.00 to $400.00 and gave the company a "buy" rating in a report on Friday, September 5th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $356.48.

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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