Golden State Equity Partners Increases Position in Broadcom Inc. $AVGO

Key Points

• Golden State Equity Partners increased its stake in Broadcom Inc. by 2.8%, making it the fifth largest position in their portfolio, now totaling 34,117 shares valued at approximately $9.4 million.
• Despite recent insider selling, including a transaction where insider Charlie B. Kawwas sold 3,893 shares, the stock remains popular with institutional investors, with 76.43% of shares owned by hedge funds.
• Broadcom recently reported a quarterly earnings beat with a revenue of $15.95 billion, reflecting a 22.0% year-over-year increase, and it has set a dividend of $0.59 per share to be paid on September 30th.

Golden State Equity Partners lifted its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 2.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,117 shares of the semiconductor manufacturer's stock after buying an additional 940 shares during the quarter. Broadcom comprises 1.7% of Golden State Equity Partners' portfolio, making the stock its 5th largest position. Golden State Equity Partners' holdings in Broadcom were worth $9,404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Barnes Dennig Private Wealth Management LLC purchased a new stake in Broadcom in the first quarter worth $25,000. Cheviot Value Management LLC bought a new stake in shares of Broadcom during the 1st quarter valued at $25,000. Inlight Wealth Management LLC purchased a new stake in shares of Broadcom in the 1st quarter worth about $26,000. Sawyer & Company Inc increased its stake in shares of Broadcom by 62.1% in the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock worth $26,000 after acquiring an additional 36 shares in the last quarter. Finally, Wood Tarver Financial Group LLC lifted its position in Broadcom by 342.5% during the 1st quarter. Wood Tarver Financial Group LLC now owns 177 shares of the semiconductor manufacturer's stock valued at $30,000 after acquiring an additional 137 shares during the period. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Broadcom

In other Broadcom news, insider Charlie B. Kawwas sold 3,893 shares of the business's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Harry L. You purchased 2,050 shares of the stock in a transaction dated Monday, September 8th. The shares were purchased at an average cost of $344.78 per share, for a total transaction of $706,799.00. Following the completion of the acquisition, the director directly owned 34,102 shares in the company, valued at approximately $11,757,687.56. This trade represents a 6.40% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 3,550 shares of company stock valued at $1,227,869 and have sold 197,274 shares valued at $67,044,814. 2.00% of the stock is currently owned by company insiders.

Broadcom Stock Up 0.1%

Broadcom stock opened at $339.31 on Thursday. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $374.23. The stock has a fifty day simple moving average of $311.64 and a two-hundred day simple moving average of $250.44. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. The firm has a market cap of $1.60 trillion, a price-to-earnings ratio of 86.56, a PEG ratio of 1.87 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 EPS for the quarter, beating the consensus estimate of $1.66 by $0.03. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The company had revenue of $15.95 billion for the quarter, compared to analysts' expectations of $15.82 billion. During the same period last year, the firm posted $1.24 earnings per share. Broadcom's revenue 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders 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 dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, September 22nd. Broadcom's payout ratio is presently 60.20%.

Analyst Ratings Changes

AVGO has been the topic of a number of recent research reports. Mizuho upped their price objective on shares of Broadcom from $355.00 to $410.00 and gave the stock an "outperform" rating in a report on Friday, September 12th. Sanford C. Bernstein boosted their price target on Broadcom from $295.00 to $400.00 and gave the stock an "outperform" rating in a research report on Friday, September 5th. Barclays raised their price objective on Broadcom from $265.00 to $400.00 and gave the company an "overweight" rating in a research report 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 research note on Friday, September 5th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $300.00 target price on shares of Broadcom in a research note on Friday, June 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Broadcom has a consensus rating of "Buy" and an average price target of $356.48.

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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