GS Investments Inc. Sells 193 Shares of Broadcom Inc. $AVGO

GS Investments Inc. lessened its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 1.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,204 shares of the semiconductor manufacturer’s stock after selling 193 shares during the period. Broadcom comprises about 1.4% of GS Investments Inc.’s holdings, making the stock its 29th biggest position. GS Investments Inc.’s holdings in Broadcom were worth $3,088,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Cheviot Value Management LLC purchased a new stake in shares of Broadcom during the 1st quarter worth approximately $25,000. Sawyer & Company Inc grew its holdings in Broadcom by 62.1% during the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 36 shares during the period. Legend Financial Advisors Inc. bought a new position in Broadcom during the second quarter valued at $28,000. LGT Financial Advisors LLC purchased a new stake in Broadcom in the second quarter worth $31,000. Finally, Greenline Partners LLC bought a new stake in shares of Broadcom in the first quarter valued at $33,000. Institutional investors own 76.43% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Hock E. Tan sold 148,154 shares of the business’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $336.67, for a total transaction 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 approximately $278,088,746.66. The trade was a 15.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark David Brazeal sold 16,558 shares of the firm’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the sale, the insider owned 329,302 shares in the company, valued at approximately $114,468,668.22. This trade represents a 4.79% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders purchased 3,550 shares of company stock worth $1,227,869 and sold 664,471 shares worth $225,218,280. 2.00% of the stock is owned by insiders.

Broadcom Stock Performance

Broadcom stock opened at $355.22 on Thursday. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $386.48. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $1.68 trillion, a PE ratio of 90.62, a price-to-earnings-growth ratio of 1.42 and a beta of 1.19. The firm’s 50 day simple moving average is $348.26 and its 200 day simple moving average is $293.39.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating 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 net margin of 31.59% and a return on equity of 36.60%. The business’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. As a group, analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, September 22nd. Broadcom’s payout ratio is presently 60.20%.

Analysts Set New Price Targets

Several research firms have commented on AVGO. KeyCorp set a $460.00 price objective on shares of Broadcom in a report on Monday, October 13th. Rosenblatt Securities lifted their target price on shares of Broadcom from $340.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Deutsche Bank Aktiengesellschaft set a $400.00 price target on shares of Broadcom and gave the company a “buy” rating in a research report on Tuesday, October 14th. Wall Street Zen downgraded shares of Broadcom from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Finally, Wells Fargo & Company lifted their price objective on shares of Broadcom from $255.00 to $345.00 and gave the company an “equal weight” rating in a research note on Friday, September 5th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $372.52.

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.