Guinness Asset Management LTD Decreases Position in Broadcom Inc. $AVGO

Guinness Asset Management LTD cut its position in Broadcom Inc. (NASDAQ:AVGO) by 2.2% in the 1st quarter, Holdings Channel reports. The institutional investor owned 1,114,242 shares of the semiconductor manufacturer’s stock after selling 25,519 shares during the quarter. Broadcom accounts for approximately 3.6% of Guinness Asset Management LTD’s investment portfolio, making the stock its 16th biggest holding. Guinness Asset Management LTD’s holdings in Broadcom were worth $186,620,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Sunbeam Capital Management LLC purchased a new position in Broadcom in the fourth quarter worth about $28,000. Vermillion Wealth Management Inc. purchased a new position in Broadcom in the fourth quarter worth about $30,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Broadcom in the first quarter worth about $25,000. Cheviot Value Management LLC purchased a new position in Broadcom in the first quarter worth about $25,000. Finally, Inlight Wealth Management LLC purchased a new position in Broadcom in the first quarter worth about $26,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on AVGO. Redburn Atlantic began coverage on shares of Broadcom in a report on Wednesday, May 28th. They set a “buy” rating and a $301.00 price objective for the company. Argus boosted their price objective on shares of Broadcom from $285.00 to $375.00 and gave the company a “buy” rating in a report on Monday. Susquehanna boosted their price objective on shares of Broadcom from $280.00 to $300.00 and gave the company a “positive” rating in a report on Friday, June 6th. TD Cowen boosted their price objective on shares of Broadcom from $355.00 to $370.00 and gave the company a “buy” rating in a report on Friday, September 5th. Finally, Hsbc Global Res raised shares of Broadcom from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 24th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Broadcom currently has an average rating of “Buy” and a consensus target price of $351.92.

Insiders Place Their Bets

In other Broadcom news, CFO Kirsten M. Spears sold 56,310 shares of the stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $251.75, for a total value of $14,176,042.50. Following the transaction, the chief financial officer directly owned 361,937 shares in the company, valued at approximately $91,117,639.75. This trade represents a 13.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gayla J. Delly sold 3,000 shares of the 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 completion of the transaction, the director owned 33,352 shares in the company, valued at $8,842,615.76. The trade was a 8.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 3,550 shares of company stock valued at $1,227,869 and sold 702,758 shares valued at $184,975,481. Insiders own 2.00% of the company’s stock.

Broadcom Stock Down 2.7%

AVGO opened at $359.63 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $374.23. The company has a market capitalization of $1.69 trillion, a PE ratio of 91.74, a PEG ratio of 2.04 and a beta of 1.16. The firm’s 50 day simple moving average is $298.61 and its two-hundred day simple moving average is $240.90.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share 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 business had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $15.82 billion. During the same period last year, the firm earned $1.24 earnings per share. The company’s quarterly revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities analysts forecast 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. Shareholders of record on Monday, September 22nd will be given a $0.59 dividend. The ex-dividend date is Monday, September 22nd. This represents a $2.36 annualized dividend and a yield of 0.7%. Broadcom’s dividend payout ratio (DPR) is presently 60.20%.

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.