Capital CS Group LLC Takes Position in Broadcom Inc. $AVGO

Key Points

• Capital CS Group LLC has acquired a new stake in Broadcom Inc. (NASDAQ: AVGO) by purchasing 2,290 shares valued at approximately $631,000, making it the firm's 17th largest holding.
• Broadcom's stock opened at $338.94 and has shown impressive performance with a market capitalization of $1.60 trillion and a year-to-date revenue increase of 22%.
• The company recently announced a quarterly dividend of $0.59 per share ahead of an anticipated earnings guidance of $5.38 EPS for the current year.

Capital CS Group LLC acquired a new stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,290 shares of the semiconductor manufacturer's stock, valued at approximately $631,000. Broadcom accounts for 1.0% of Capital CS Group LLC's portfolio, making the stock its 17th biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AVGO. Vanguard Group Inc. boosted its stake in Broadcom by 0.4% during the first quarter. Vanguard Group Inc. now owns 477,220,137 shares of the semiconductor manufacturer's stock worth $79,900,968,000 after buying an additional 2,085,534 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Broadcom by 37.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer's stock worth $10,968,270,000 after buying an additional 17,985,046 shares in the last quarter. Nuveen LLC acquired a new stake in Broadcom during the first quarter worth $6,649,117,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Broadcom by 2.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 35,243,467 shares of the semiconductor manufacturer's stock worth $5,900,814,000 after buying an additional 842,088 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Broadcom by 3.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 33,852,310 shares of the semiconductor manufacturer's stock worth $5,668,134,000 after buying an additional 1,043,948 shares in the last quarter. 76.43% of the stock is owned by institutional investors.

Broadcom Stock Performance

Shares of NASDAQ:AVGO opened at $338.94 on Wednesday. The stock has a market capitalization of $1.60 trillion, a P/E ratio of 86.46, a P/E/G ratio of 1.87 and a beta of 1.16. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $374.23. The business has a 50-day moving average price of $310.48 and a two-hundred day moving average price of $249.83. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its earnings results 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 company had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The company's revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Equities analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AVGO. Citigroup lifted their price target on shares of Broadcom from $315.00 to $350.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. JPMorgan Chase & Co. lifted their price objective on Broadcom from $325.00 to $400.00 and gave the company an "overweight" rating in a report on Friday, September 5th. Wells Fargo & Company lifted their price objective on Broadcom from $255.00 to $345.00 and gave the company an "equal weight" rating in a report on Friday, September 5th. Macquarie started coverage on Broadcom in a report on Monday, September 15th. They set an "outperform" rating and a $420.00 price objective for the company. Finally, Hsbc Global Res raised Broadcom from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 24th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Broadcom currently has an average rating of "Buy" and a consensus price target of $356.48.

Insider Activity at Broadcom

In other news, insider Charlie B. Kawwas sold 3,893 shares of the business's stock in a transaction dated Wednesday, September 17th. The stock was 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 directly owned 25,295 shares in the company, valued at approximately $8,798,106.90. The trade was a 13.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gayla J. Delly sold 3,000 shares of the business's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $265.13, for a total value of $795,390.00. Following the transaction, the director owned 33,352 shares of the company's stock, valued at $8,842,615.76. The trade was a 8.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders acquired 3,550 shares of company stock worth $1,227,869 and sold 240,274 shares worth $78,571,804. 2.00% of the stock is owned by corporate insiders.

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.

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