Broadcom Inc. $AVGO Shares Sold by Gould Asset Management LLC CA

Gould Asset Management LLC CA decreased its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 3.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,685 shares of the semiconductor manufacturer’s stock after selling 245 shares during the period. Gould Asset Management LLC CA’s holdings in Broadcom were worth $1,843,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Kesler Norman & Wride LLC increased its stake in Broadcom by 0.8% during the 2nd quarter. Kesler Norman & Wride LLC now owns 35,977 shares of the semiconductor manufacturer’s stock valued at $9,918,000 after buying an additional 282 shares during the period. Hills Bank & Trust Co acquired a new position in Broadcom during the 2nd quarter valued at about $529,000. Uniting Wealth Partners LLC increased its stake in Broadcom by 7.0% during the 2nd quarter. Uniting Wealth Partners LLC now owns 1,520 shares of the semiconductor manufacturer’s stock valued at $419,000 after buying an additional 100 shares during the period. Center for Financial Planning Inc. increased its stake in Broadcom by 5.3% during the 2nd quarter. Center for Financial Planning Inc. now owns 9,562 shares of the semiconductor manufacturer’s stock valued at $2,636,000 after buying an additional 477 shares during the period. Finally, Continental Investors Services Inc. acquired a new position in Broadcom during the 2nd quarter valued at about $234,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Broadcom Stock Performance

Shares of AVGO opened at $358.98 on Thursday. Broadcom Inc. has a one year low of $138.10 and a one year high of $386.48. The company has a 50-day moving average of $342.93 and a two-hundred day moving average of $287.25. The stock has a market cap of $1.70 trillion, a price-to-earnings ratio of 91.58, a PEG ratio of 1.42 and a beta of 1.19. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37.

Broadcom (NASDAQ:AVGO) last announced its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS 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 company had revenue of $15.95 billion during the quarter, compared to analysts’ expectations of $15.82 billion. During the same period last year, the company posted $1.24 earnings per share. The business’s revenue for the quarter was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. On average, equities research analysts expect 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 Tuesday, September 30th. Shareholders of record on Monday, September 22nd were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, September 22nd. Broadcom’s dividend payout ratio (DPR) is presently 60.20%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Weiss Ratings raised shares of Broadcom from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 24th. Rosenblatt Securities raised their price objective on shares of Broadcom from $340.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Argus lifted their price objective on shares of Broadcom from $285.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, September 8th. Bank of America lifted their price objective on shares of Broadcom from $300.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Finally, Wells Fargo & Company lifted their price objective on shares of Broadcom from $255.00 to $345.00 and gave the stock an “equal weight” rating in a research note on Friday, September 5th. Three analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $372.52.

Insider Buying and Selling

In other Broadcom news, Director Henry Samueli sold 368,797 shares of the firm’s stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $337.91, for a total value of $124,620,194.27. Following the completion of the transaction, the director directly owned 37,722,534 shares in the company, valued at $12,746,821,463.94. This trade represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Charlie B. Kawwas sold 3,893 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the completion of the transaction, the insider owned 25,295 shares of the company’s stock, valued at approximately $8,798,106.90. The trade was a 13.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders acquired 3,550 shares of company stock valued at $1,227,869 and sold 665,271 shares valued at $225,464,248. Corporate insiders own 2.00% of the company’s stock.

Broadcom Company 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.