United Capital Management of KS Inc. Sells 1,136 Shares of Broadcom Inc. $AVGO

Key Points

• United Capital Management of KS Inc. reduced its holdings in Broadcom by 3.9%, now owning 28,311 shares valued at approximately $4.74 million.
• Insider Mark David Brazeal sold 50,000 shares for over $12.66 million, representing a 10.73% decrease in his stock ownership.
• Broadcom recently announced a quarterly dividend of $0.59 per share, reflecting an annualized yield of 0.8% and a payout ratio of 88.39%.

United Capital Management of KS Inc. cut its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 3.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,311 shares of the semiconductor manufacturer's stock after selling 1,136 shares during the period. United Capital Management of KS Inc.'s holdings in Broadcom were worth $4,740,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in AVGO. Brighton Jones LLC increased its position in shares of Broadcom by 21.8% during the 4th quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer's stock valued at $6,882,000 after purchasing an additional 5,322 shares during the period. Revolve Wealth Partners LLC lifted its holdings in shares of Broadcom by 10.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer's stock valued at $1,854,000 after buying an additional 756 shares during the period. Bank Pictet & Cie Europe AG boosted its stake in Broadcom by 16.4% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 221,199 shares of the semiconductor manufacturer's stock valued at $51,283,000 after buying an additional 31,225 shares in the last quarter. Highview Capital Management LLC DE boosted its stake in Broadcom by 1.3% during the fourth quarter. Highview Capital Management LLC DE now owns 25,522 shares of the semiconductor manufacturer's stock valued at $5,917,000 after buying an additional 322 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Broadcom in the fourth quarter worth about $602,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom Trading Down 3.4%

NASDAQ AVGO traded down $10.4610 on Tuesday, hitting $295.2990. 8,694,166 shares of the stock were exchanged, compared to its average volume of 26,045,525. Broadcom Inc. has a 52-week low of $134.90 and a 52-week high of $317.35. 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 company has a market capitalization of $1.39 trillion, a price-to-earnings ratio of 110.63, a P/E/G ratio of 2.18 and a beta of 1.15. The company's 50-day moving average price is $279.50 and its two-hundred day moving average price is $230.48.

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

Broadcom Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 20th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, June 20th. Broadcom's payout ratio is currently 88.39%.

Insider Buying and Selling at Broadcom

In other news, insider Charlie B. Kawwas sold 10,000 shares of the business's stock in a transaction on 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 transaction, the insider directly owned 789,784 shares in the company, valued at $199,720,577.92. The trade was a 1.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Kirsten M. Spears sold 56,310 shares of the business's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $251.75, for a total transaction of $14,176,042.50. Following the transaction, the chief financial officer owned 361,937 shares in the company, valued at approximately $91,117,639.75. This represents a 13.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 830,516 shares of company stock worth $217,286,457 over the last 90 days. 2.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AVGO shares. 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. Wall Street Zen raised shares of Broadcom from a "hold" rating to a "buy" rating in a research note on Sunday. JPMorgan Chase & Co. lifted their price target on shares of Broadcom from $250.00 to $325.00 and gave the stock an "overweight" rating in a research report on Friday, June 6th. Truist Financial set a $295.00 price target on Broadcom and gave the company a "buy" rating in a report on Friday, June 6th. Finally, Seaport Res Ptn raised Broadcom to a "strong-buy" rating in a report on Wednesday, April 30th. Three investment 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 company. According to data from MarketBeat, Broadcom has a consensus rating of "Buy" and a consensus price target of $295.96.

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.