Calton & Associates Inc. Purchases New Stake in Broadcom Inc. $AVGO

Key Points

• Calton & Associates Inc. acquired 2,653 shares of Broadcom Inc., worth approximately $444,000, during the 1st quarter of the year, according to their Form 13F filing.
• Broadcom reported a 20.2% increase in revenue, achieving $15 billion, which surpassed analyst estimates, alongside an EPS of $1.58.
• The company recently declared a quarterly dividend of $0.59 per share, reflecting a 0.8% dividend yield and a payout ratio of 88.39%.

Calton & Associates Inc. bought a new position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,653 shares of the semiconductor manufacturer's stock, valued at approximately $444,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. PARUS FINANCE UK Ltd raised its stake in shares of Broadcom by 175.3% in the first quarter. PARUS FINANCE UK Ltd now owns 100,578 shares of the semiconductor manufacturer's stock valued at $16,840,000 after purchasing an additional 64,038 shares in the last quarter. Keener Financial Planning LLC increased its holdings in Broadcom by 34.8% in the 1st quarter. Keener Financial Planning LLC now owns 890 shares of the semiconductor manufacturer's stock valued at $149,000 after buying an additional 230 shares during the period. Diversify Wealth Management LLC raised its stake in shares of Broadcom by 5.6% in the 1st quarter. Diversify Wealth Management LLC now owns 38,016 shares of the semiconductor manufacturer's stock valued at $6,365,000 after buying an additional 2,016 shares in the last quarter. OMNI 360 Wealth Inc. raised its stake in shares of Broadcom by 51.6% in the 1st quarter. OMNI 360 Wealth Inc. now owns 2,980 shares of the semiconductor manufacturer's stock valued at $499,000 after buying an additional 1,014 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its holdings in shares of Broadcom by 1.3% during the 1st quarter. Gamco Investors INC. ET AL now owns 54,406 shares of the semiconductor manufacturer's stock worth $9,109,000 after acquiring an additional 700 shares during the period. 76.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Broadcom

In other news, insider Mark David Brazeal sold 50,000 shares of the company's stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $253.28, for a total transaction of $12,664,000.00. Following the transaction, the insider directly owned 415,956 shares in the company, valued at approximately $105,353,335.68. This represents a 10.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kirsten M. Spears sold 56,310 shares of the stock in a transaction that occurred 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 sale, the chief financial officer directly owned 361,937 shares in the company, valued at $91,117,639.75. This trade represents a 13.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 830,516 shares of company stock worth $217,286,457 over the last quarter. Corporate insiders own 2.00% of the company's stock.

Broadcom Price Performance

NASDAQ AVGO traded up $0.85 during trading hours on Tuesday, reaching $298.24. 19,640,161 shares of the company's stock were exchanged, compared to its average volume of 25,727,371. The stock has a market cap of $1.40 trillion, a PE ratio of 111.70, a price-to-earnings-growth ratio of 2.11 and a beta of 1.16. Broadcom Inc. has a one year low of $134.90 and a one year high of $317.35. The firm has a fifty day moving average of $288.61 and a 200-day moving average of $235.11. The company has a current ratio of 1.08, a quick ratio of 0.98 and a debt-to-equity ratio of 0.89.

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, beating the consensus estimate of $1.57 by $0.01. The firm had revenue of $15 billion during the quarter, compared to the consensus estimate of $14.98 billion. Broadcom had a return on equity of 35.49% and a net margin of 22.64%.The business's revenue for the quarter was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $10.96 EPS. Broadcom has set its Q3 2025 guidance at EPS. On average, equities research analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on AVGO shares. Evercore ISI reissued an "outperform" rating and issued a $304.00 target price (up previously from $267.00) on shares of Broadcom in a research note on Friday, June 6th. Mizuho lifted their price objective on Broadcom from $315.00 to $320.00 and gave the company an "outperform" rating in a report on Wednesday, July 16th. Piper Sandler upped their price objective on Broadcom from $300.00 to $315.00 and gave the company an "overweight" rating in a research note on Friday, August 22nd. Wall Street Zen downgraded Broadcom from a "buy" rating to a "hold" rating in a research report on Monday, August 25th. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $325.00 price target (up previously from $305.00) on shares of Broadcom in a research note on Thursday, August 28th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $302.58.

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.