GSB Wealth Management LLC Takes Position in Broadcom Inc. $AVGO

Key Points

• GSB Wealth Management LLC has purchased a new stake in Broadcom Inc. ($AVGO), acquiring 1,003 shares valued at approximately $276,000.
• Broadcom reported a quarterly revenue of $15.95 billion, exceeding estimates and reflecting a 22% year-over-year increase in revenue.
• The company announced a quarterly dividend of $0.59 per share, with a yield of 0.7%, set to be paid on September 30th.

GSB Wealth Management LLC purchased a new stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,003 shares of the semiconductor manufacturer's stock, valued at approximately $276,000.

A number of other institutional investors and hedge funds also recently modified their holdings of AVGO. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Broadcom in the 1st quarter valued at approximately $25,000. Cheviot Value Management LLC acquired a new position in shares of Broadcom in the 1st quarter valued at approximately $25,000. Inlight Wealth Management LLC acquired a new position in shares of Broadcom in the 1st quarter valued at approximately $26,000. Sawyer & Company Inc boosted its position in Broadcom by 62.1% during 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 during the last quarter. Finally, Wood Tarver Financial Group LLC boosted 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 worth $30,000 after acquiring an additional 137 shares during the last quarter. 76.43% of the stock is owned by institutional investors.

Broadcom Stock Up 0.1%

AVGO opened at $339.31 on Thursday. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $374.23. 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 company has a market capitalization of $1.60 trillion, a P/E ratio of 86.56, a P/E/G ratio of 1.87 and a beta of 1.16. The stock has a fifty day moving average of $311.64 and a 200-day moving average of $250.44.

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, beating analysts' consensus estimates of $1.66 by $0.03. The business had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.Broadcom's revenue for the quarter was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. On average, equities analysts expect that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AVGO. Morgan Stanley upped their price target on Broadcom from $338.00 to $357.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 2nd. Erste Group Bank raised Broadcom from a "hold" rating to a "buy" rating in a research report on Thursday, June 5th. UBS Group increased their price objective on Broadcom from $290.00 to $345.00 and gave the company a "buy" rating in a report on Monday, August 25th. KeyCorp increased their price objective on Broadcom from $330.00 to $400.00 and gave the company an "overweight" rating in a report on Friday, September 5th. Finally, Oppenheimer reissued an "outperform" rating and issued a $360.00 price objective (up previously from $325.00) on shares of Broadcom in a report on Friday, September 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Broadcom presently has a consensus rating of "Buy" and a consensus price target of $356.48.

Insider Activity

In other news, insider Mark David Brazeal sold 16,558 shares of the business's stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the sale, the insider directly owned 329,302 shares in the company, valued at approximately $114,468,668.22. The trade was a 4.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Harry L. You purchased 2,050 shares of Broadcom stock in a transaction dated Monday, September 8th. The shares were purchased at an average price of $344.78 per share, for a total transaction of $706,799.00. Following the completion of the acquisition, the director owned 34,102 shares of the company's stock, valued at approximately $11,757,687.56. The trade was a 6.40% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 3,550 shares of company stock valued at $1,227,869 and have sold 197,274 shares valued at $67,044,814. Insiders own 2.00% of the company's stock.

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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