McAdam LLC Sells 753 Shares of Broadcom Inc. $AVGO

Key Points

• McAdam LLC has reduced its stake in Broadcom Inc. by 9.3%, selling 753 shares and holding a total of 7,378 shares valued at approximately $1.24 million.
• Broadcom's quarterly earnings exceeded expectations, with an EPS of $1.69, a revenue of $15.95 billion, and a net margin of 31.59% for the quarter ended September 4th.
• Several institutional investors, including Vanguard Group and Price T Rowe Associates, have recently increased their holdings in Broadcom, reflecting strong interest and confidence in the company.

McAdam LLC decreased its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 9.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,378 shares of the semiconductor manufacturer's stock after selling 753 shares during the quarter. McAdam LLC's holdings in Broadcom were worth $1,235,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Broadcom by 0.4% during the first quarter. Vanguard Group Inc. now owns 477,220,137 shares of the semiconductor manufacturer's stock worth $79,900,968,000 after acquiring an additional 2,085,534 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of 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 acquiring an additional 17,985,046 shares during the last quarter. Nuveen LLC bought a new position in shares of Broadcom during the first quarter worth $6,649,117,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Broadcom by 2.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 35,243,467 shares of the semiconductor manufacturer's stock worth $5,900,814,000 after acquiring an additional 842,088 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Broadcom by 1.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 34,401,379 shares of the semiconductor manufacturer's stock worth $7,975,616,000 after acquiring an additional 581,704 shares during the last quarter. Institutional investors own 76.43% of the company's stock.

Broadcom Trading Up 6.0%

AVGO stock opened at $357.02 on Wednesday. The company has a market capitalization of $1.68 trillion, a PE ratio of 90.13, a P/E/G ratio of 1.89 and a beta of 1.16. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $356.34. The firm's 50-day moving average is $294.92 and its 200 day moving average is $238.95. 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 (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, topping the consensus estimate of $1.66 by $0.03. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The company had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $15.82 billion. During the same quarter last year, the firm posted $1.24 EPS. The firm's revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. On average, research analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

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

Insider Transactions at Broadcom

In other news, CFO Kirsten M. Spears sold 36,350 shares of Broadcom stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $261.27, for a total value of $9,497,164.50. Following the transaction, the chief financial officer owned 325,587 shares of the company's stock, valued at $85,066,115.49. The trade was a 10.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Hock E. Tan sold 40,000 shares of Broadcom stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $268.29, for a total transaction of $10,731,600.00. Following the completion of the transaction, the chief executive officer directly owned 482,836 shares in the company, valued at approximately $129,540,070.44. The trade was a 7.65% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 820,516 shares of company stock worth $214,757,657. Insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AVGO shares. TD Cowen upped their target price on shares of Broadcom from $355.00 to $370.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. Truist Financial upped their price target on shares of Broadcom from $295.00 to $365.00 and gave the company a "buy" rating in a research note on Friday, September 5th. Argus upped their price target on shares of Broadcom from $285.00 to $375.00 and gave the company a "buy" rating in a research note on Monday. UBS Group upped their price target on shares of Broadcom from $290.00 to $345.00 and gave the company a "buy" rating in a research note on Monday, August 25th. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $360.00 price target (up previously from $325.00) on shares of Broadcom in a research note on Friday, September 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $351.92.

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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