Ameliora Wealth Management Ltd. Sells 3,069 Shares of Broadcom Inc. $AVGO

Ameliora Wealth Management Ltd. decreased its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 14.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,826 shares of the semiconductor manufacturer’s stock after selling 3,069 shares during the quarter. Broadcom comprises approximately 1.9% of Ameliora Wealth Management Ltd.’s portfolio, making the stock its 14th biggest holding. Ameliora Wealth Management Ltd.’s holdings in Broadcom were worth $5,189,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. MADDEN SECURITIES Corp raised its holdings in Broadcom by 24.9% during the 2nd quarter. MADDEN SECURITIES Corp now owns 17,458 shares of the semiconductor manufacturer’s stock valued at $4,812,000 after acquiring an additional 3,483 shares during the period. Trueblood Wealth Management LLC raised its holdings in Broadcom by 0.9% during the 2nd quarter. Trueblood Wealth Management LLC now owns 6,110 shares of the semiconductor manufacturer’s stock valued at $1,684,000 after acquiring an additional 53 shares during the period. Bennett Associates Wealth Management raised its holdings in Broadcom by 29.6% during the 2nd quarter. Bennett Associates Wealth Management now owns 2,375 shares of the semiconductor manufacturer’s stock valued at $655,000 after acquiring an additional 542 shares during the period. Waycross Investment Management Co bought a new position in shares of Broadcom in the second quarter worth $320,000. Finally, Heck Capital Advisors LLC increased its holdings in shares of Broadcom by 17.6% in the second quarter. Heck Capital Advisors LLC now owns 3,185 shares of the semiconductor manufacturer’s stock worth $878,000 after purchasing an additional 477 shares during the period. Institutional investors own 76.43% of the company’s stock.

Broadcom Stock Down 5.9%

Shares of NASDAQ:AVGO opened at $324.63 on Friday. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $374.23. The firm has a fifty day moving average of $322.64 and a 200 day moving average of $262.95. The firm has a market capitalization of $1.53 trillion, a PE ratio of 82.81, a price-to-earnings-growth ratio of 1.80 and a beta of 1.20. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $15.82 billion. During the same period in the prior year, the business posted $1.24 earnings per share. The company’s revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. As a group, research analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders 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 dividend payout ratio is presently 60.20%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on AVGO shares. Macquarie started coverage on shares of Broadcom in a report on Monday, September 15th. They issued an “outperform” rating and a $420.00 price target on the stock. Arete Research raised shares of Broadcom to a “strong-buy” rating in a report on Monday, July 28th. UBS Group upped their price target on shares of Broadcom from $290.00 to $345.00 and gave the stock a “buy” rating in a report on Monday, August 25th. TD Cowen upped their price target on shares of Broadcom from $355.00 to $370.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Finally, Weiss Ratings cut shares of Broadcom from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $357.22.

Insider Buying and Selling at Broadcom

In other Broadcom news, CFO Kirsten M. Spears sold 7,498 shares of the company’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.66, for a total transaction of $2,606,754.68. Following the completion of the sale, the chief financial officer directly owned 313,330 shares in the company, valued at $108,932,307.80. This represents a 2.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Mark David Brazeal sold 16,558 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $114,468,668.22. The trade was a 4.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders bought 3,550 shares of company stock valued at $1,227,869 and sold 666,071 shares valued at $225,623,008. Corporate insiders own 2.00% of the company’s stock.

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.