Van Hulzen Asset Management LLC Sells 1,161 Shares of Broadcom Inc. $AVGO

Key Points

• Van Hulzen Asset Management LLC has decreased its holdings in Broadcom Inc. by selling 1,161 shares, resulting in ownership of 86,871 shares, which represents approximately 1.3% of its investment portfolio.
• Broadcom reported a quarterly earnings per share of $1.58, surpassing analysts' expectations, and achieved revenue of $15 billion, marking a 20.2% increase compared to the same quarter last year.
• The company also declared a quarterly dividend of $0.59 per share, with an annualized dividend yield of 0.8% and a dividend payout ratio of 88.39%.

Van Hulzen Asset Management LLC reduced its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 1.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,871 shares of the semiconductor manufacturer's stock after selling 1,161 shares during the quarter. Broadcom accounts for approximately 1.3% of Van Hulzen Asset Management LLC's investment portfolio, making the stock its 20th biggest holding. Van Hulzen Asset Management LLC's holdings in Broadcom were worth $14,545,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Broadcom in the first quarter valued at about $25,000. Cheviot Value Management LLC bought a new stake in Broadcom in the 1st quarter valued at $25,000. Inlight Wealth Management LLC bought a new position in Broadcom during the first quarter worth about $26,000. Sunbeam Capital Management LLC bought a new position in Broadcom during the fourth quarter worth about $28,000. Finally, Vermillion Wealth Management Inc. bought a new position in Broadcom during the fourth quarter worth about $30,000. 76.43% of the stock is owned by institutional investors.

Broadcom Trading Down 0.5%

AVGO opened at $289.60 on Friday. The company's 50 day moving average is $281.94 and its 200-day moving average is $231.84. 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 company has a market cap of $1.36 trillion, a P/E ratio of 108.46, a PEG ratio of 2.07 and a beta of 1.15.

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

Broadcom Announces Dividend

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

Insider Buying and Selling at Broadcom

In related news, 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 transaction of $10,731,600.00. Following the sale, the chief executive officer directly owned 482,836 shares in the company, valued at $129,540,070.44. This trade represents a 7.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gayla J. Delly sold 3,000 shares of Broadcom stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $265.13, for a total transaction of $795,390.00. Following the sale, the director owned 33,352 shares in the company, valued at approximately $8,842,615.76. This represents a 8.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 830,516 shares of company stock worth $217,286,457 over the last quarter. Insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on AVGO. Wall Street Zen raised shares of Broadcom from a "hold" rating to a "buy" rating in a research report on Sunday, August 17th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $340.00 price target on shares of Broadcom in a research report on Wednesday, August 13th. Oppenheimer raised their price target on shares of Broadcom from $265.00 to $305.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Redburn Atlantic started coverage on shares of Broadcom in a research report on Wednesday, May 28th. They set a "buy" rating and a $301.00 price target on the stock. Finally, Cowen reissued a "buy" rating on shares of Broadcom in a report on Friday, June 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target 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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