Livet Wealth LLC Invests $710,000 in Broadcom Inc. $AVGO

Key Points

• Livet Wealth LLC opened a new position in Broadcom, buying 2,052 shares worth about $710,000 in the fourth quarter.
• Broadcom reported strong quarterly results, with EPS of $2.44 beating estimates and revenue of $22.19 billion, up 47.9% year over year.
• The company also declared a quarterly dividend of $0.65 per share, while analysts remain broadly positive with a consensus rating of Moderate Buy and an average price target near $490.

Livet Wealth LLC purchased a new position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,052 shares of the semiconductor manufacturer's stock, valued at approximately $710,000.

Several other institutional investors have also modified their holdings of AVGO. Douglass Winthrop Advisors LLC grew its position in Broadcom by 5.6% in the 4th quarter. Douglass Winthrop Advisors LLC now owns 16,160 shares of the semiconductor manufacturer's stock valued at $5,593,000 after buying an additional 852 shares in the last quarter. Laurel Oak Wealth Management LLC bought a new position in Broadcom in the 4th quarter valued at about $2,429,000. Fiduciary Group LLC grew its position in Broadcom by 8.3% in the 4th quarter. Fiduciary Group LLC now owns 7,620 shares of the semiconductor manufacturer's stock valued at $2,637,000 after buying an additional 585 shares in the last quarter. Advocate Investing Services LLC bought a new position in Broadcom in the 4th quarter valued at about $471,000. Finally, Davis R M Inc. grew its position in Broadcom by 45.4% in the 4th quarter. Davis R M Inc. now owns 148,706 shares of the semiconductor manufacturer's stock valued at $51,467,000 after buying an additional 46,421 shares in the last quarter. Institutional investors own 76.43% of the company's stock.

Broadcom Price Performance

Shares of NASDAQ AVGO opened at $382.07 on Friday. Broadcom Inc. has a twelve month low of $244.17 and a twelve month high of $495.00. The company has a current ratio of 2.24, a quick ratio of 2.01 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $1.82 trillion, a price-to-earnings ratio of 63.68, a PEG ratio of 0.68 and a beta of 1.41. The firm has a 50-day moving average of $404.26 and a two-hundred day moving average of $363.33.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share for the quarter, beating analysts' consensus estimates of $2.40 by $0.04. Broadcom had a net margin of 38.85% and a return on equity of 41.61%. The company had revenue of $22.19 billion during the quarter, compared to the consensus estimate of $22.13 billion. During the same period in the prior year, the company earned $1.58 EPS. Broadcom's revenue was up 47.9% on a year-over-year basis. As a group, analysts expect that Broadcom Inc. will post 10.24 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Monday, June 22nd. Broadcom's dividend payout ratio is presently 43.33%.

Insider Buying and Selling

In other Broadcom news, insider S. Ram Velaga sold 8,000 shares of the company's stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $370.52, for a total value of $2,964,160.00. Following the completion of the sale, the insider directly owned 57,932 shares of the company's stock, valued at approximately $21,464,964.64. This represents a 12.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gayla J. Delly sold 1,000 shares of the company's stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $358.31, for a total transaction of $358,310.00. Following the completion of the sale, the director directly owned 32,352 shares of the company's stock, valued at $11,592,045.12. The trade was a 3.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 324,282 shares of company stock worth $106,425,249 in the last ninety days. Insiders own 1.90% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AVGO. Susquehanna reiterated a "positive" rating and issued a $490.00 target price (up from $450.00) on shares of Broadcom in a research report on Thursday, May 28th. Zacks Research lowered shares of Broadcom from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 21st. Seaport Research Partners reiterated a "neutral" rating on shares of Broadcom in a research report on Wednesday, April 8th. Weiss Ratings upgraded shares of Broadcom from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday. Finally, TD Cowen reiterated a "buy" rating and issued a $500.00 target price on shares of Broadcom in a research report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $490.13.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s quarterly results were very strong, with revenue up 48% to a record $22.2 billion, semiconductor revenue up 79%, AI semiconductor revenue up 143% to $10.8 billion, and more than $30 billion in AI bookings, suggesting demand remains robust. Article Title
• Positive Sentiment: Several analysts and commentators argue the recent drop could be a buying opportunity, saying Broadcom remains a core infrastructure winner in AI and that Wall Street’s long-term outlook is still constructive. Article Title
• Positive Sentiment: Fresh coverage highlighted Broadcom as one of the stocks with catalysts heading into the second half of the year, and some analysts have raised earnings forecasts and price targets despite the selloff. Article Title
• Neutral Sentiment: Jim Cramer said Broadcom’s earnings were “not good” and suggested tech stocks are harder to trust as leadership names, reflecting a more cautious market mood around the stock. Article Title
• Neutral Sentiment: Broadcom also announced cash tender offers for certain outstanding debt securities, a routine balance-sheet move that is unlikely to move the stock by itself. Article Title
• Negative Sentiment: Market commentary says the stock is being punished because investors are nitpicking Broadcom’s AI outlook and pricing the shares as if growth must keep accelerating without any hiccups. Article Title
• Negative Sentiment: One note warned that Broadcom told investors to expect gross profit margins to continue falling, reinforcing concerns that profitability may soften even as revenue grows. Article Title

Broadcom Company Profile

Broadcom Inc NASDAQ: AVGO is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company's semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.

On the semiconductor side, Broadcom's portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.

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