Kestra Advisory Services LLC Sells 50,390 Shares of Broadcom Inc. $AVGO

Key Points

• Kestra Advisory Services LLC sold 50,390 shares of Broadcom Inc., reducing its holdings by 14.5% during the first quarter, with current holdings valued at approximately $49.6 million.
• Broadcom reported a 20.2% increase in quarterly revenue year-over-year, reaching $15 billion, and earnings per share of $1.58, exceeding analyst expectations.
• The company declared a quarterly dividend of $0.59, with an annualized yield of 0.8%, reflecting a dividend payout ratio of 88.39%.

Kestra Advisory Services LLC lowered its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 14.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 296,201 shares of the semiconductor manufacturer's stock after selling 50,390 shares during the quarter. Kestra Advisory Services LLC's holdings in Broadcom were worth $49,593,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Brighton Jones LLC raised its position in Broadcom by 21.8% in the fourth quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer's stock worth $6,882,000 after purchasing an additional 5,322 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Broadcom by 10.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer's stock worth $1,854,000 after buying an additional 756 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its position in shares of Broadcom by 16.4% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 221,199 shares of the semiconductor manufacturer's stock worth $51,283,000 after buying an additional 31,225 shares during the period. Renaissance Technologies LLC acquired a new stake in Broadcom in the 4th quarter valued at $602,000. Finally, Banco Bilbao Vizcaya Argentaria S.A. grew its position in Broadcom by 3.8% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 515,388 shares of the semiconductor manufacturer's stock valued at $120,070,000 after acquiring an additional 18,845 shares during the period. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom Stock Down 0.5%

NASDAQ:AVGO opened at $289.60 on Friday. The company has a market cap of $1.36 trillion, a price-to-earnings ratio of 108.46, a P/E/G ratio of 2.07 and a beta of 1.15. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.98 and a current ratio of 1.08. The stock's fifty day moving average price is $281.94 and its two-hundred day moving average price is $231.84. Broadcom Inc. has a 52-week low of $134.90 and a 52-week high of $317.35.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its earnings results on Thursday, June 5th. The semiconductor manufacturer reported $1.58 earnings per share for the quarter, topping analysts' consensus estimates of $1.57 by $0.01. Broadcom had a return on equity of 35.49% and a net margin of 22.64%.The company had revenue of $15 billion during the quarter, compared to the consensus estimate of $14.98 billion. During the same quarter in the previous year, the company posted $10.96 earnings per share. The firm's quarterly revenue was up 20.2% on a year-over-year basis. Broadcom has set its Q3 2025 guidance at EPS. On average, analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 20th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, June 20th. Broadcom's dividend payout ratio (DPR) is 88.39%.

Insider Activity at Broadcom

In other Broadcom news, CEO Hock E. Tan sold 40,000 shares of Broadcom stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $268.29, for a total transaction of $10,731,600.00. Following the completion of the sale, the chief executive officer owned 482,836 shares of the company's stock, valued at approximately $129,540,070.44. The trade was a 7.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Justine Page sold 800 shares of the company's stock in a transaction on Thursday, August 14th. The shares were 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 of the company's stock, valued at $7,312,013.72. The trade was a 3.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 830,516 shares of company stock worth $217,286,457 over the last 90 days. Insiders own 2.00% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on AVGO shares. Mizuho lifted their price objective on Broadcom from $315.00 to $320.00 and gave the company an "outperform" rating in a report on Wednesday, July 16th. Oppenheimer raised their price objective on shares of Broadcom from $265.00 to $305.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Cowen reissued a "buy" rating on shares of Broadcom in a report on Friday, June 6th. The Goldman Sachs Group restated a "buy" rating and set a $340.00 price target on shares of Broadcom in a research report on Wednesday, August 13th. Finally, Wells Fargo & Company lifted their price objective on Broadcom from $230.00 to $255.00 and gave the company an "equal weight" rating in a research report on Friday, June 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, Broadcom has an average rating of "Buy" and a consensus price target of $295.96.

About Broadcom

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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