Coppell Advisory Solutions LLC Decreases Stake in Broadcom Inc. $AVGO

Key Points

• Coppell Advisory Solutions LLC reduced its stake in Broadcom Inc. by 44.3%, now holding 51,562 shares valued at approximately $8.6 million.
• In contrast, other institutional investors increased their stakes significantly, with PARUS FINANCE UK Ltd raising its stake by 175.3%.
• Broadcom announced a quarterly dividend of $0.59 per share, with an ex-dividend date of September 22nd, reflecting a 0.7% dividend yield.

Coppell Advisory Solutions LLC lowered its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 44.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,562 shares of the semiconductor manufacturer's stock after selling 41,067 shares during the period. Broadcom accounts for 0.7% of Coppell Advisory Solutions LLC's holdings, making the stock its 18th biggest position. Coppell Advisory Solutions LLC's holdings in Broadcom were worth $8,633,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. PARUS FINANCE UK Ltd increased 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 worth $16,840,000 after acquiring an additional 64,038 shares during the period. Keener Financial Planning LLC increased its stake in shares of Broadcom by 34.8% in the first quarter. Keener Financial Planning LLC now owns 890 shares of the semiconductor manufacturer's stock worth $149,000 after acquiring an additional 230 shares during the period. Diversify Wealth Management LLC increased its stake in shares of Broadcom by 5.6% in the first quarter. Diversify Wealth Management LLC now owns 38,016 shares of the semiconductor manufacturer's stock worth $6,365,000 after acquiring an additional 2,016 shares during the period. OMNI 360 Wealth Inc. increased its stake in shares of Broadcom by 51.6% in the first quarter. OMNI 360 Wealth Inc. now owns 2,980 shares of the semiconductor manufacturer's stock worth $499,000 after acquiring an additional 1,014 shares during the period. Finally, Gamco Investors INC. ET AL increased its stake in shares of Broadcom by 1.3% in the first 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. Hedge funds and other institutional investors own 76.43% of the company's stock.

Broadcom Stock Up 9.4%

Shares of NASDAQ AVGO opened at $334.89 on Monday. The company's 50-day simple moving average is $292.09 and its 200-day simple moving average is $237.38. Broadcom Inc. has a 52-week low of $134.90 and a 52-week high of $356.34. The firm has a market cap of $1.58 trillion, a price-to-earnings ratio of 85.43, a price-to-earnings-growth ratio of 2.38 and a beta of 1.16. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, beating 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 business earned $1.24 earnings per share. The company's revenue for the quarter was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. Equities analysts predict that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

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 $0.59 dividend. The ex-dividend date is Monday, September 22nd. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. Broadcom's dividend payout ratio (DPR) is 60.20%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AVGO shares. Cowen reiterated a "buy" rating on shares of Broadcom in a research note on Friday, June 6th. Hsbc Global Res upgraded shares of Broadcom from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, June 24th. Erste Group Bank upgraded shares of Broadcom from a "hold" rating to a "buy" rating in a research note on Thursday, June 5th. Wells Fargo & Company raised their price target on shares of Broadcom from $255.00 to $345.00 and gave the company an "equal weight" rating in a research report on Friday. Finally, Oppenheimer restated an "outperform" rating and set a $360.00 price target (up previously from $325.00) on shares of Broadcom in a research report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Broadcom presently has an average rating of "Buy" and a consensus price target of $351.00.

Insiders Place Their Bets

In other news, CEO Hock E. Tan sold 40,000 shares of Broadcom stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $268.29, for a total value of $10,731,600.00. Following the sale, the chief executive officer owned 482,836 shares in the company, valued at $129,540,070.44. This trade represents a 7.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Henry Samueli sold 473,898 shares of Broadcom stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $265.33, for a total transaction of $125,739,356.34. Following the completion of the sale, the director owned 38,188,575 shares in the company, valued at approximately $10,132,574,604.75. This trade represents a 1.23% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 830,516 shares of company stock valued at $217,286,457. 2.00% of the stock is owned by company insiders.

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.

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