GoalVest Advisory LLC Decreases Stake in Broadcom Inc. $AVGO

GoalVest Advisory LLC lowered its holdings in Broadcom Inc. (NASDAQ:AVGO) by 35.1% in the 2nd quarter, Holdings Channel reports. The firm owned 8,118 shares of the semiconductor manufacturer’s stock after selling 4,387 shares during the period. Broadcom accounts for 0.6% of GoalVest Advisory LLC’s portfolio, making the stock its 28th biggest holding. GoalVest Advisory LLC’s holdings in Broadcom were worth $2,238,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of AVGO. Sawyer & Company Inc grew its holdings in shares of Broadcom by 62.1% in the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 36 shares during the period. PFS Partners LLC grew its holdings in shares of Broadcom by 38.4% in the second quarter. PFS Partners LLC now owns 137 shares of the semiconductor manufacturer’s stock worth $38,000 after acquiring an additional 38 shares during the period. Costello Asset Management INC grew its holdings in shares of Broadcom by 1.5% in the second quarter. Costello Asset Management INC now owns 2,528 shares of the semiconductor manufacturer’s stock worth $697,000 after acquiring an additional 38 shares during the period. Waddell & Associates LLC grew its holdings in shares of Broadcom by 2.1% in the first quarter. Waddell & Associates LLC now owns 2,091 shares of the semiconductor manufacturer’s stock worth $350,000 after acquiring an additional 43 shares during the period. Finally, Luts & Greenleigh Group Inc. grew its holdings in shares of Broadcom by 1.3% in the second quarter. Luts & Greenleigh Group Inc. now owns 3,405 shares of the semiconductor manufacturer’s stock worth $939,000 after acquiring an additional 44 shares during the period. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom Stock Performance

NASDAQ AVGO opened at $369.63 on Friday. The firm has a market cap of $1.75 trillion, a price-to-earnings ratio of 94.29, a price-to-earnings-growth ratio of 2.08 and a beta of 1.20. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. The business has a 50-day moving average price of $339.31 and a 200-day moving average price of $283.36. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $386.48.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.03. The firm had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The business’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities research analysts predict that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were paid a $0.59 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.6%. Broadcom’s dividend payout ratio is 60.20%.

Analyst Ratings Changes

Several analysts recently commented on AVGO shares. Morgan Stanley set a $409.00 price objective on Broadcom and gave the stock an “overweight” rating in a report on Tuesday, October 14th. UBS Group set a $415.00 price objective on Broadcom and gave the stock a “buy” rating in a report on Tuesday, October 14th. Piper Sandler lifted their price objective on Broadcom from $315.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. Wall Street Zen lowered Broadcom from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Finally, KeyCorp set a $460.00 price target on Broadcom in a report on Monday, October 13th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $372.52.

Insider Transactions at Broadcom

In other news, CEO Hock E. Tan sold 148,154 shares of the company’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $336.67, for a total value of $49,879,007.18. Following the completion of the transaction, the chief executive officer owned 825,998 shares of the company’s stock, valued at $278,088,746.66. This represents a 15.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Kirsten M. Spears sold 7,498 shares of the company’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total value of $2,606,754.68. Following the completion of the transaction, the chief financial officer directly owned 313,330 shares of the company’s stock, valued at approximately $108,932,307.80. This trade represents a 2.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have purchased 3,550 shares of company stock valued at $1,227,869 and have sold 665,271 shares valued at $225,464,248. 2.00% of the stock is currently owned by insiders.

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.