Broadcom Inc. $AVGO Shares Bought by Guardian Partners Inc.

Key Points

• Guardian Partners Inc. has increased its holdings in Broadcom Inc. by 36.1%, acquiring an additional 1,975 shares during the first quarter, making their total ownership 7,450 shares valued at approximately $1.32 million.
• Broadcom recently declared a quarterly dividend of $0.59, which will be paid on September 30th, representing an annualized dividend yield of 0.7% and reflecting a payout ratio of 60.20%.
• Analysts remain optimistic about Broadcom's future, with several firms upgrading price targets, some as high as $400, and an overall consensus rating of "Buy" from the majority of analysts.

Guardian Partners Inc. grew its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 36.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,450 shares of the semiconductor manufacturer's stock after purchasing an additional 1,975 shares during the period. Guardian Partners Inc.'s holdings in Broadcom were worth $1,318,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Broadcom during the first quarter worth about $25,000. Cheviot Value Management LLC acquired a new position in Broadcom during the 1st quarter worth approximately $25,000. Inlight Wealth Management LLC purchased a new stake in shares of Broadcom in the 1st quarter valued at approximately $26,000. Sunbeam Capital Management LLC purchased a new stake in shares of Broadcom in the 4th quarter valued at approximately $28,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in shares of Broadcom in the 4th quarter valued at approximately $30,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom Stock Performance

Shares of AVGO stock traded down $8.98 during trading hours on Tuesday, hitting $336.67. The stock had a trading volume of 26,756,440 shares, compared to its average volume of 22,489,222. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $356.34. The stock's 50 day moving average is $293.49 and its 200 day moving average is $238.27. The firm has a market capitalization of $1.58 trillion, a PE ratio of 85.89, a PEG ratio of 1.89 and a beta of 1.16.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. During the same quarter last year, the company posted $1.24 earnings per share. The business's revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. As a group, research analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 22nd will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend 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 currently 60.20%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on AVGO shares. UBS Group raised their price target on Broadcom from $290.00 to $345.00 and gave the company a "buy" rating in a research note on Monday, August 25th. KeyCorp increased their price target on shares of Broadcom from $330.00 to $400.00 and gave the company an "overweight" rating in a research note on Friday. Bank of America boosted their price objective on shares of Broadcom from $300.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday. Cantor Fitzgerald reissued an "overweight" rating and issued a $300.00 price target on shares of Broadcom in a research report on Friday, June 6th. Finally, Piper Sandler upped their price objective on shares of Broadcom from $315.00 to $375.00 and gave the company an "overweight" rating in a research note on Friday. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $351.92.

Insider Activity

In related news, CEO Hock E. Tan sold 117,758 shares of the firm's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $252.91, for a total value of $29,782,175.78. Following the completion of the sale, the chief executive officer owned 1,014,152 shares in the company, valued at $256,489,182.32. This trade represents a 10.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mark David Brazeal sold 50,000 shares of the firm's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $253.28, for a total transaction of $12,664,000.00. Following the completion of the sale, the insider owned 415,956 shares of the company's stock, valued at approximately $105,353,335.68. The trade was a 10.73% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 830,516 shares of company stock valued at $217,286,457. 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.