Titan Global Capital Management USA LLC Lowers Holdings in Broadcom Inc. $AVGO

Key Points

• Titan Global Capital Management USA LLC has reduced its stake in Broadcom Inc. (NASDAQ:AVGO) by 9.1% during the first quarter, now holding 38,115 shares valued at approximately $6.38 million.
• Broadcom has announced a quarterly dividend of $0.59 per share, representing an annualized dividend of $2.36 and a yield of 0.8%.
• Several analysts have upgraded Broadcom's stock rating, raising the price target, with KeyCorp setting a new objective of $330.00 and analysts giving a consensus rating of Buy.

Titan Global Capital Management USA LLC trimmed its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 9.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,115 shares of the semiconductor manufacturer's stock after selling 3,830 shares during the period. Broadcom makes up approximately 1.3% of Titan Global Capital Management USA LLC's holdings, making the stock its 21st biggest holding. Titan Global Capital Management USA LLC's holdings in Broadcom were worth $6,381,000 at the end of the most recent quarter.

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

Broadcom Price Performance

AVGO stock opened at $289.60 on Friday. Broadcom Inc. has a 52-week low of $134.90 and a 52-week high of $317.35. The stock's fifty day simple moving average is $281.94 and its 200-day simple moving average is $231.84. 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 stock has a market capitalization of $1.36 trillion, a price-to-earnings ratio of 108.46, a price-to-earnings-growth ratio of 2.07 and a beta of 1.15.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its earnings results on Thursday, June 5th. The semiconductor manufacturer reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.01. The business had revenue of $15 billion for 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 business's quarterly revenue was up 20.2% on a year-over-year basis. During the same period last year, the company posted $10.96 EPS. Broadcom has set its Q3 2025 guidance at EPS. Equities research analysts expect 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 dividend of $0.59 per share. The ex-dividend date was Friday, June 20th. This represents a $2.36 annualized dividend and a dividend yield of 0.8%. Broadcom's dividend payout ratio (DPR) is currently 88.39%.

Insider Activity at Broadcom

In related news, CEO Hock E. Tan sold 40,000 shares of Broadcom stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $268.29, for a total value 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. This trade represents a 7.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Henry Samueli sold 473,898 shares of Broadcom stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $265.33, for a total value of $125,739,356.34. Following the completion of the transaction, the director owned 38,188,575 shares of the company's stock, valued at $10,132,574,604.75. This trade represents a 1.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 830,516 shares of company stock valued at $217,286,457. 2.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

AVGO has been the topic of several research analyst reports. KeyCorp raised their price objective on Broadcom from $315.00 to $330.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Cowen reiterated a "buy" rating on shares of Broadcom in a research report on Friday, June 6th. Wall Street Zen raised Broadcom from a "hold" rating to a "buy" rating in a research note on Sunday, August 17th. The Goldman Sachs Group reissued a "buy" rating and set a $340.00 target price on shares of Broadcom in a research note on Wednesday, August 13th. Finally, Rosenblatt Securities lifted their price target on Broadcom from $223.00 to $340.00 and gave the stock a "buy" rating in a report on Friday, June 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price 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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