SVB Wealth LLC Has $60.24 Million Stock Position in Broadcom Inc. $AVGO

Key Points

• SVB Wealth LLC reduced its holdings in Broadcom Inc. by 17.4% in the first quarter, owning 359,794 shares worth approximately $60.24 million.
• Broadcom reported earnings of $1.58 EPS for the last quarter, surpassing estimates and marking a 20.2% increase in revenue compared to the previous year.
• The company declared a quarterly dividend of $0.59, with a current yield of 0.8% and a payout ratio of 88.39%.

SVB Wealth LLC lessened its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 17.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 359,794 shares of the semiconductor manufacturer's stock after selling 75,684 shares during the quarter. Broadcom comprises approximately 2.5% of SVB Wealth LLC's portfolio, making the stock its 4th biggest holding. SVB Wealth LLC's holdings in Broadcom were worth $60,240,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Sunbeam Capital Management LLC bought a new stake in Broadcom during the fourth quarter valued at approximately $28,000. Vermillion Wealth Management Inc. purchased a new position in Broadcom in the 4th quarter worth approximately $30,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Broadcom in the 1st quarter worth approximately $25,000. Cheviot Value Management LLC purchased a new position in Broadcom in the 1st quarter worth approximately $25,000. Finally, Inlight Wealth Management LLC purchased a new position in Broadcom in the 1st quarter worth approximately $26,000. 76.43% of the stock is currently owned by institutional investors.

Broadcom Price Performance

NASDAQ AVGO opened at $294.00 on Friday. Broadcom Inc. has a 52 week low of $134.90 and a 52 week high of $317.35. The firm has a market capitalization of $1.38 trillion, a P/E ratio of 110.11, a PEG ratio of 2.06 and a beta of 1.15. The company has a quick ratio of 0.98, a current ratio of 1.08 and a debt-to-equity ratio of 0.89. The company has a 50-day moving average price of $282.85 and a 200-day moving average price of $232.33.

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

Broadcom Dividend Announcement

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

Insider Buying and Selling

In related news, CEO Hock E. Tan sold 40,000 shares of the stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $268.29, for a total value of $10,731,600.00. Following the completion of the sale, the chief executive officer directly owned 482,836 shares of the company's stock, valued at approximately $129,540,070.44. This represents a 7.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Henry Samueli sold 473,898 shares of the stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $265.33, for a total transaction of $125,739,356.34. Following the completion of the sale, the director directly owned 38,188,575 shares of the company's stock, valued at $10,132,574,604.75. This represents a 1.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 830,516 shares of company stock worth $217,286,457 in the last ninety days. Corporate insiders own 2.00% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on AVGO shares. Hsbc Global Res upgraded Broadcom from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 24th. JPMorgan Chase & Co. boosted their price objective on shares of Broadcom from $250.00 to $325.00 and gave the company an "overweight" rating in a research report on Friday, June 6th. Citigroup boosted their target price on shares of Broadcom from $285.00 to $315.00 and gave the company a "buy" rating in a report on Monday, July 7th. Benchmark upped their price target on shares of Broadcom from $255.00 to $315.00 and gave the stock a "buy" rating in a research note on Friday, June 6th. Finally, Piper Sandler upped their price target on shares of Broadcom from $300.00 to $315.00 and gave the stock an "overweight" rating in a research note on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Broadcom has a consensus rating of "Buy" and a consensus target price of $298.67.

Broadcom 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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