Capstone Wealth Management LLC Acquires Shares of 1,084 Broadcom Inc. $AVGO

Key Points

• Capstone Wealth Management LLC acquired 1,084 shares of Broadcom Inc. valued at approximately $299,000 during the 2nd quarter.
• Insider selling activity included CFO Kirsten M. Spears and CEO Hock E. Tan, with Spears selling shares worth over $2.6 million and Tan selling over $49 million.
• Broadcom recently declared a quarterly dividend of $0.59 per share, representing a yield of 0.7%, with an ex-dividend date on September 22nd.

Capstone Wealth Management LLC acquired a new stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,084 shares of the semiconductor manufacturer's stock, valued at approximately $299,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Broadcom in the first quarter worth about $25,000. Cheviot Value Management LLC purchased a new position in shares of Broadcom in the first quarter worth about $25,000. Inlight Wealth Management LLC purchased a new position in shares of Broadcom in the first quarter worth about $26,000. Sawyer & Company Inc lifted its stake in shares of Broadcom by 62.1% in the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock worth $26,000 after buying an additional 36 shares in the last quarter. Finally, Vermillion Wealth Management Inc. purchased a new position in shares of Broadcom in the fourth quarter worth about $30,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Broadcom

In other Broadcom news, CFO Kirsten M. Spears sold 7,498 shares of the business's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $347.66, for a total transaction of $2,606,754.68. Following the completion of the transaction, the chief financial officer owned 313,330 shares in the company, valued at $108,932,307.80. The trade was a 2.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Hock E. Tan sold 148,154 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $336.67, for a total transaction of $49,879,007.18. Following the transaction, the chief executive officer owned 825,998 shares of the company's stock, valued at $278,088,746.66. This trade represents a 15.21% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 3,550 shares of company stock worth $1,227,869 and have sold 714,172 shares worth $204,311,160. Insiders own 2.00% of the company's stock.

Broadcom Trading Down 1.8%

Shares of AVGO stock opened at $338.79 on Tuesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. The stock has a market capitalization of $1.60 trillion, a P/E ratio of 86.43, a price-to-earnings-growth ratio of 1.91 and a beta of 1.16. The company has a 50 day moving average price of $309.32 and a 200 day moving average price of $249.20. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $374.23.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS 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 company had revenue of $15.95 billion during the quarter, compared to analysts' expectations of $15.82 billion. During the same quarter in the previous year, the business posted $1.24 EPS. The firm's revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. Equities research analysts predict that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on AVGO shares. Bank of America raised their price target on shares of Broadcom from $300.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. Oppenheimer reaffirmed an "outperform" rating and set a $360.00 target price (up from $325.00) on shares of Broadcom in a research note on Friday, September 5th. Susquehanna lifted their target price on shares of Broadcom from $280.00 to $300.00 and gave the stock a "positive" rating in a research note on Friday, June 6th. Evercore ISI reaffirmed an "outperform" rating and set a $342.00 target price (up from $304.00) on shares of Broadcom in a research note on Thursday, September 4th. Finally, Arete Research raised shares of Broadcom to a "strong-buy" rating in a research note on Monday, July 28th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $356.48.

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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