Tandem Wealth Advisors LLC Trims Stake in Broadcom Inc. $AVGO

Key Points

• Tandem Wealth Advisors LLC reduced its stake in Broadcom Inc. by 39.1%, selling 1,412 shares, resulting in ownership of 2,203 shares valued at approximately $369,000.
• Broadcom reported a $15 billion revenue for the last quarter, surpassing analyst expectations and showing a 20.2% year-over-year increase.
• The company's recent quarterly dividend was $0.59 per share, representing a 0.8% yield and a payout ratio of 88.39%.

Tandem Wealth Advisors LLC lessened its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 39.1% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 2,203 shares of the semiconductor manufacturer's stock after selling 1,412 shares during the period. Tandem Wealth Advisors LLC's holdings in Broadcom were worth $369,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Comerica Bank boosted its holdings in shares of Broadcom by 0.3% during the 1st quarter. Comerica Bank now owns 1,077,601 shares of the semiconductor manufacturer's stock valued at $180,423,000 after purchasing an additional 2,975 shares during the last quarter. Freedom Investment Management Inc. boosted its holdings in shares of Broadcom by 29.0% during the 1st quarter. Freedom Investment Management Inc. now owns 12,480 shares of the semiconductor manufacturer's stock valued at $2,089,000 after purchasing an additional 2,807 shares during the last quarter. Synovus Financial Corp boosted its holdings in shares of Broadcom by 1.5% during the 1st quarter. Synovus Financial Corp now owns 228,545 shares of the semiconductor manufacturer's stock valued at $38,266,000 after purchasing an additional 3,350 shares during the last quarter. Broadleaf Partners LLC bought a new position in shares of Broadcom during the 1st quarter valued at about $6,122,000. Finally, Southeast Asset Advisors LLC boosted its holdings in shares of Broadcom by 3.7% during the 1st quarter. Southeast Asset Advisors LLC now owns 1,806 shares of the semiconductor manufacturer's stock valued at $302,000 after purchasing an additional 65 shares during the last quarter. Institutional investors own 76.43% of the company's stock.

Insider Buying and Selling

In other Broadcom news, Director Justine Page sold 800 shares of Broadcom stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $307.46, for a total value of $245,968.00. Following the sale, the director owned 23,782 shares of the company's stock, valued at approximately $7,312,013.72. The trade was a 3.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Hock E. Tan sold 40,000 shares of Broadcom 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 in the company, valued at $129,540,070.44. This represents a 7.65% 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 in the last three months. Company insiders own 2.00% of the company's stock.

Broadcom Trading Up 2.9%

Broadcom stock traded up $8.76 during mid-day trading on Thursday, hitting $309.01. The company's stock had a trading volume of 9,576,691 shares, compared to its average volume of 25,730,240. The firm has a market capitalization of $1.45 trillion, a PE ratio of 115.75, a price-to-earnings-growth ratio of 2.12 and a beta of 1.15. Broadcom Inc. has a 1 year low of $134.90 and a 1 year high of $317.35. The company has a current ratio of 1.08, a quick ratio of 0.98 and a debt-to-equity ratio of 0.89. The stock's fifty day moving average is $285.64 and its two-hundred day moving average is $233.74.

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, topping the consensus estimate of $1.57 by $0.01. The business had revenue of $15 billion during the quarter, compared to analyst estimates of $14.98 billion. Broadcom had a return on equity of 35.49% and a net margin of 22.64%.The company's quarterly revenue was up 20.2% on a year-over-year basis. During the same period last year, the business posted $10.96 earnings per share. 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 Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on AVGO shares. Cantor Fitzgerald reissued an "overweight" rating and set a $300.00 price objective on shares of Broadcom in a report on Friday, June 6th. Barclays increased their price objective on shares of Broadcom from $215.00 to $265.00 and gave the company an "overweight" rating in a report on Monday, June 9th. The Goldman Sachs Group reissued a "buy" rating and set a $340.00 price objective on shares of Broadcom in a report on Wednesday, August 13th. Wall Street Zen downgraded shares of Broadcom from a "buy" rating to a "hold" rating in a report on Monday. Finally, Rosenblatt Securities increased their price target on shares of Broadcom from $223.00 to $340.00 and gave the company a "buy" rating in a report on Friday, June 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $301.79.

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.