Broadcom Inc. $AVGO Position Trimmed by Guggenheim Capital LLC

Guggenheim Capital LLC lessened its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 20.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 992,769 shares of the semiconductor manufacturer’s stock after selling 254,014 shares during the quarter. Broadcom makes up 1.5% of Guggenheim Capital LLC’s investment portfolio, making the stock its 6th largest holding. Guggenheim Capital LLC’s holdings in Broadcom were worth $166,219,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Barnes Dennig Private Wealth Management LLC purchased a new position in Broadcom during the 1st quarter valued at about $25,000. Cheviot Value Management LLC purchased a new position in Broadcom during the 1st quarter valued at about $25,000. Inlight Wealth Management LLC purchased a new position in Broadcom during the 1st quarter valued at about $26,000. Sunbeam Capital Management LLC purchased a new position in Broadcom during the 4th quarter valued at about $28,000. Finally, Vermillion Wealth Management Inc. purchased a new position in Broadcom during the 4th quarter valued at about $30,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom Stock Performance

Shares of NASDAQ AVGO opened at $298.01 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 1.08 and a debt-to-equity ratio of 0.89. The business’s 50 day moving average is $284.66 and its two-hundred day moving average is $233.28. The company has a market cap of $1.40 trillion, a P/E ratio of 111.61, a P/E/G ratio of 2.09 and a beta of 1.15. Broadcom Inc. has a 12 month low of $134.90 and a 12 month high of $317.35.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings results on Thursday, June 5th. The semiconductor manufacturer reported $1.58 EPS for the quarter, topping the consensus estimate of $1.57 by $0.01. The company had revenue of $15 billion for the quarter, compared to the consensus estimate of $14.98 billion. Broadcom had a return on equity of 35.49% and a net margin of 22.64%.The company’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same period in the previous year, the business posted $10.96 EPS. Broadcom has set its Q3 2025 guidance at EPS. On average, equities analysts expect that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 20th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, June 20th. Broadcom’s dividend payout ratio is presently 88.39%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on AVGO shares. JPMorgan Chase & Co. lifted their target price on Broadcom from $250.00 to $325.00 and gave the company an “overweight” rating in a research note on Friday, June 6th. Cantor Fitzgerald restated an “overweight” rating and issued a $300.00 target price on shares of Broadcom in a report on Friday, June 6th. Wall Street Zen lowered Broadcom from a “buy” rating to a “hold” rating in a report on Monday. Truist Financial set a $295.00 target price on Broadcom and gave the stock a “buy” rating in a report on Friday, June 6th. Finally, Susquehanna boosted their target price on Broadcom from $280.00 to $300.00 and gave the stock a “positive” rating in a report on Friday, June 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $300.96.

Insiders Place Their Bets

In related news, CEO Hock E. Tan sold 117,758 shares of the company’s stock in a transaction 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 approximately $256,489,182.32. This represents a 10.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kirsten M. Spears sold 56,310 shares of the company’s stock in a transaction 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 $91,117,639.75. The trade was a 13.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 830,516 shares of company stock valued at $217,286,457 in the last ninety days. 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.