Goldstream Capital Management Ltd Reduces Stock Holdings in Broadcom Inc. $AVGO

Key Points

• Goldstream Capital Management Ltd reduced its holdings in Broadcom Inc. by 36.6%, now owning 52,556 shares valued at approximately $8.8 million. This positions Broadcom as the 6th largest holding in their portfolio.
• Analysts have shown strong support for Broadcom, with multiple firms raising their price targets significantly, including UBS Group's adjustment from $270 to $290 and JPMorgan's increase from $250 to $325.
• Broadcom recently disclosed a quarterly dividend of $0.59 per share, reflecting an annualized dividend of $2.36 and a yield of 0.8%, with a high dividend payout ratio of 88.39%.

Goldstream Capital Management Ltd lessened its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 36.6% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,556 shares of the semiconductor manufacturer's stock after selling 30,339 shares during the period. Broadcom makes up approximately 3.9% of Goldstream Capital Management Ltd's portfolio, making the stock its 6th biggest holding. Goldstream Capital Management Ltd's holdings in Broadcom were worth $8,800,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Barnes Dennig Private Wealth Management LLC bought a new position in Broadcom during the first quarter valued at about $25,000. Cheviot Value Management LLC bought a new position in shares of Broadcom during the 1st quarter valued at approximately $25,000. Inlight Wealth Management LLC purchased a new stake in shares of Broadcom during the 1st quarter worth approximately $26,000. Sunbeam Capital Management LLC purchased a new stake in shares of Broadcom during the 4th quarter worth approximately $28,000. Finally, Vermillion Wealth Management Inc. bought a new stake in shares of Broadcom in the 4th quarter worth approximately $30,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on AVGO shares. UBS Group increased their price objective on Broadcom from $270.00 to $290.00 and gave the company a "buy" rating in a report on Friday, June 6th. Hsbc Global Res raised Broadcom from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, June 24th. JPMorgan Chase & Co. lifted their price objective on Broadcom from $250.00 to $325.00 and gave the stock an "overweight" rating in a report on Friday, June 6th. Citigroup boosted their price objective on Broadcom from $285.00 to $315.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Finally, Arete Research raised shares of Broadcom to a "strong-buy" rating in a report on Monday, July 28th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $295.96.

Insider Activity at Broadcom

In other Broadcom news, Director Justine Page sold 800 shares of the firm's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $307.46, for a total transaction of $245,968.00. Following the sale, the director owned 23,782 shares in the company, valued at $7,312,013.72. This trade represents a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kirsten M. Spears sold 36,350 shares of Broadcom stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $261.27, for a total value of $9,497,164.50. Following the sale, the chief financial officer directly owned 325,587 shares of the company's stock, valued at approximately $85,066,115.49. This trade represents a 10.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 830,516 shares of company stock worth $217,286,457 in the last three months. 2.00% of the stock is owned by insiders.

Broadcom Stock Performance

NASDAQ:AVGO opened at $291.17 on Thursday. The business's 50-day moving average price is $281.27 and its two-hundred day moving average price is $231.35. Broadcom Inc. has a twelve month low of $134.90 and a twelve month high of $317.35. The stock has a market cap of $1.37 trillion, a P/E ratio of 109.05, a PEG ratio of 2.10 and a beta of 1.15. The company has a quick ratio of 0.98, a current ratio of 1.08 and a debt-to-equity ratio of 0.89.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings data on Thursday, June 5th. The semiconductor manufacturer reported $1.58 EPS for the quarter, topping the consensus estimate of $1.57 by $0.01. The company had revenue of $15 billion during the quarter, compared to analyst estimates of $14.98 billion. Broadcom had a return on equity of 35.49% and a net margin of 22.64%.Broadcom's revenue was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $10.96 earnings per share. Broadcom has set its Q3 2025 guidance at EPS. As a group, 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 was paid on Monday, June 30th. Stockholders of record on Friday, June 20th were given a dividend of $0.59 per share. The ex-dividend date was Friday, June 20th. This represents a $2.36 annualized dividend and a dividend yield of 0.8%. Broadcom's dividend payout ratio (DPR) is 88.39%.

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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