Broadcom Inc. $AVGO Shares Sold by Good Steward Wealth Advisors LLC

Key Points

• Good Steward Wealth Advisors LLC reduced its holdings in Broadcom Inc. by 34.2%, selling 1,482 shares during the second quarter, leaving them with a total of 2,846 shares valued at $784,000.
• Broadcom reported a quarterly revenue of $15.95 billion, surpassing expectations, and a net margin of 31.59% with an earnings per share (EPS) of $1.69 for the quarter.
• The company declared a dividend of $0.59 per share, with an upcoming payment date of September 30th, representing an annual yield of 0.7%.

Good Steward Wealth Advisors LLC trimmed its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 34.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,846 shares of the semiconductor manufacturer's stock after selling 1,482 shares during the quarter. Good Steward Wealth Advisors LLC's holdings in Broadcom were worth $784,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Nuveen LLC purchased a new position in Broadcom during the first quarter worth about $6,649,117,000. Price T Rowe Associates Inc. MD lifted its position 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 during the period. GAMMA Investing LLC lifted its position in Broadcom by 18,179.3% during the first quarter. GAMMA Investing LLC now owns 17,276,164 shares of the semiconductor manufacturer's stock worth $2,892,548,000 after buying an additional 17,181,652 shares during the period. Goldman Sachs Group Inc. lifted its position in Broadcom by 16.7% during the first quarter. Goldman Sachs Group Inc. now owns 31,854,414 shares of the semiconductor manufacturer's stock worth $5,333,384,000 after buying an additional 4,550,647 shares during the period. Finally, Deutsche Bank AG lifted its position in Broadcom by 36.9% during the first quarter. Deutsche Bank AG now owns 15,758,895 shares of the semiconductor manufacturer's stock worth $2,638,512,000 after buying an additional 4,245,345 shares during the period. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Broadcom news, CEO Hock E. Tan sold 148,154 shares of the firm'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 completion of the sale, the chief executive officer owned 825,998 shares in the company, valued at $278,088,746.66. This trade represents a 15.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Harry L. You acquired 500 shares of the stock in a transaction on Wednesday, September 10th. The shares were acquired at an average price of $363.38 per share, with a total value of $181,690.00. Following the purchase, the director owned 35,602 shares in the company, valued at $12,937,054.76. This represents a 1.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 3,550 shares of company stock valued at $1,227,869 and have sold 850,112 shares valued at $234,654,209. 2.00% of the stock is owned by corporate insiders.

Broadcom Stock Down 1.1%

Shares of AVGO stock traded down $3.85 during trading hours on Tuesday, reaching $360.24. The company had a trading volume of 15,853,033 shares, compared to its average volume of 26,240,623. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $374.23. The company has a market capitalization of $1.70 trillion, a P/E ratio of 91.90, a price-to-earnings-growth ratio of 1.99 and a beta of 1.16. The stock's fifty day simple moving average is $302.11 and its 200 day simple moving average is $243.65.

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, beating analysts' consensus estimates of $1.66 by $0.03. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The business had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.82 billion. During the same quarter last year, the firm 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. As a group, sell-side analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current fiscal 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 paid a $0.59 dividend. The ex-dividend date is Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. Broadcom's dividend payout ratio (DPR) is 60.20%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on AVGO shares. TD Cowen increased their target price on Broadcom from $355.00 to $370.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. Benchmark increased their target price on Broadcom from $315.00 to $385.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. Bank of America upped their price target on Broadcom from $300.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. Mizuho upped their price target on Broadcom from $355.00 to $410.00 and gave the stock an "outperform" rating in a research note on Friday. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $300.00 price target on shares of Broadcom in a research note on Friday, June 6th. 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 stock. Based on data from MarketBeat.com, the stock 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.