Capital Asset Advisory Services LLC Has $7.83 Million Holdings in Broadcom Inc. $AVGO

Key Points

• Capital Asset Advisory Services LLC increased its holdings in Broadcom Inc. by 4.6%, owning 29,587 shares valued at approximately $7.83 million.
• Broadcom reported a quarterly earnings per share of $1.69, exceeding estimates, with a net revenue of $15.95 billion for the quarter.
• The company declared a quarterly dividend of $0.59 per share, with an annualized yield of 0.7%, indicating a payout ratio of 60.20%.

Capital Asset Advisory Services LLC grew its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 4.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,587 shares of the semiconductor manufacturer's stock after purchasing an additional 1,293 shares during the period. Capital Asset Advisory Services LLC's holdings in Broadcom were worth $7,833,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AVGO. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Broadcom during the 1st quarter worth about $25,000. Cheviot Value Management LLC bought a new position in shares of Broadcom during the 1st quarter worth about $25,000. Inlight Wealth Management LLC bought a new position in shares of Broadcom during the 1st quarter worth about $26,000. Sunbeam Capital Management LLC bought a new position in shares of Broadcom during the 4th quarter worth about $28,000. Finally, Vermillion Wealth Management Inc. bought a new position in shares of Broadcom during the 4th quarter worth about $30,000. 76.43% of the stock is currently owned by institutional investors.

Broadcom Stock Up 0.1%

Shares of NASDAQ:AVGO opened at $359.87 on Friday. Broadcom Inc. has a one year low of $138.10 and a one year high of $374.23. The company has a 50 day moving average of $300.31 and a 200-day moving average of $242.19. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. The stock has a market cap of $1.69 trillion, a price-to-earnings ratio of 91.80, a P/E/G ratio of 1.99 and a beta of 1.16.

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 for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $15.82 billion. During the same quarter last year, the firm earned $1.24 EPS. Broadcom's quarterly revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. On average, sell-side analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

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

Insider Transactions at Broadcom

In other news, Director Henry Samueli sold 473,898 shares of Broadcom stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $265.33, for a total value of $125,739,356.34. Following the sale, the director directly owned 38,188,575 shares in the company, valued at $10,132,574,604.75. This trade represents a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Hock E. Tan sold 148,154 shares of Broadcom stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $336.67, for a total transaction of $49,879,007.18. Following the completion of the sale, the chief executive officer owned 825,998 shares in the company, valued at $278,088,746.66. This trade represents a 15.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 3,550 shares of company stock valued at $1,227,869 and have sold 850,912 shares valued at $234,854,489. Corporate insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AVGO. HSBC raised shares of 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. Arete Research raised shares of Broadcom to a "strong-buy" rating in a report on Monday, July 28th. Benchmark raised their price objective on shares of Broadcom from $315.00 to $385.00 and gave the stock a "buy" rating in a report on Friday, September 5th. Susquehanna raised their price objective on shares of Broadcom from $280.00 to $300.00 and gave the stock a "positive" rating in a report on Friday, June 6th. Finally, Argus raised their price objective on shares of Broadcom from $285.00 to $375.00 and gave the stock a "buy" rating in a report on Monday, September 8th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $354.04.

About Broadcom

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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