Hamilton Capital LLC Sells 677 Shares of Broadcom Inc. $AVGO

Hamilton Capital LLC trimmed its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 9.2% in the first quarter, Holdings Channel reports. The fund owned 6,690 shares of the semiconductor manufacturer’s stock after selling 677 shares during the quarter. Hamilton Capital LLC’s holdings in Broadcom were worth $1,120,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Sciencast Management LP lifted its holdings in shares of Broadcom by 393.1% during the first quarter. Sciencast Management LP now owns 9,373 shares of the semiconductor manufacturer’s stock worth $1,569,000 after buying an additional 7,472 shares during the last quarter. Challenger Wealth Management lifted its holdings in shares of Broadcom by 1.3% during the first quarter. Challenger Wealth Management now owns 3,504 shares of the semiconductor manufacturer’s stock worth $587,000 after buying an additional 45 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its holdings in shares of Broadcom by 0.7% during the first quarter. Ashton Thomas Private Wealth LLC now owns 123,438 shares of the semiconductor manufacturer’s stock worth $20,667,000 after buying an additional 894 shares during the last quarter. Guardian Partners Inc. lifted its holdings in shares of Broadcom by 36.1% during the first quarter. Guardian Partners Inc. now owns 7,450 shares of the semiconductor manufacturer’s stock worth $1,318,000 after buying an additional 1,975 shares during the last quarter. Finally, Sender Co & Partners Inc. acquired a new position in shares of Broadcom during the first quarter worth approximately $1,454,000. 76.43% of the stock is currently owned by institutional investors.

Broadcom Price Performance

Broadcom stock opened at $334.89 on Monday. The business’s 50-day simple moving average is $292.09 and its 200 day simple moving average is $237.38. The stock has a market cap of $1.58 trillion, a price-to-earnings ratio of 85.43, a P/E/G ratio of 2.38 and a beta of 1.16. Broadcom Inc. has a 12-month low of $134.90 and a 12-month high of $356.34. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86.

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

Broadcom Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, September 22nd. Broadcom’s dividend payout ratio (DPR) is currently 60.20%.

Wall Street Analysts Forecast Growth

AVGO has been the subject of a number of research analyst reports. KeyCorp upped their price target on Broadcom from $330.00 to $400.00 and gave the stock an “overweight” rating in a report on Friday. JPMorgan Chase & Co. upped their target price on Broadcom from $325.00 to $400.00 and gave the company an “overweight” rating in a research note on Friday. Arete Research upgraded Broadcom to a “strong-buy” rating in a research note on Monday, July 28th. Piper Sandler upped their target price on Broadcom from $315.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Bank of America upped their target price on Broadcom from $300.00 to $400.00 and gave the company a “buy” rating in a research note on Friday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $351.00.

Insider Transactions at Broadcom

In other Broadcom news, CEO Hock E. Tan sold 117,758 shares of the firm’s stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $252.91, for a total value of $29,782,175.78. Following the completion of the transaction, the chief executive officer directly owned 1,014,152 shares in the company, valued at $256,489,182.32. This trade represents a 10.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Kirsten M. Spears sold 56,310 shares of the firm’s 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 completion of the transaction, the chief financial officer owned 361,937 shares of the company’s stock, valued at approximately $91,117,639.75. This represents a 13.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 830,516 shares of company stock valued at $217,286,457. 2.00% of the stock is owned by insiders.

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.