Goldstein Advisors LLC Sells 1,130 Shares of Broadcom Inc. $AVGO

Goldstein Advisors LLC trimmed its position in Broadcom Inc. (NASDAQ:AVGO) by 18.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,032 shares of the semiconductor manufacturer’s stock after selling 1,130 shares during the quarter. Goldstein Advisors LLC’s holdings in Broadcom were worth $1,387,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its position in Broadcom by 21.8% in the fourth quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock worth $6,882,000 after acquiring an additional 5,322 shares in the last quarter. Revolve Wealth Partners LLC grew its position in Broadcom by 10.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock worth $1,854,000 after acquiring an additional 756 shares in the last quarter. GAMMA Investing LLC grew its position in Broadcom by 9.2% in the first quarter. GAMMA Investing LLC now owns 103,184 shares of the semiconductor manufacturer’s stock worth $17,276,000 after acquiring an additional 8,672 shares in the last quarter. SOL Capital Management CO purchased a new position in Broadcom in the first quarter worth about $943,000. Finally, Pure Financial Advisors LLC grew its position in Broadcom by 22.5% in the first quarter. Pure Financial Advisors LLC now owns 10,127 shares of the semiconductor manufacturer’s stock worth $1,696,000 after acquiring an additional 1,860 shares in the last quarter. 76.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

AVGO has been the subject of several recent research reports. UBS Group set a $415.00 price target on Broadcom and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Sanford C. Bernstein boosted their target price on Broadcom from $295.00 to $400.00 and gave the company an “outperform” rating in a research report on Friday, September 5th. Mizuho set a $435.00 target price on Broadcom and gave the company an “outperform” rating in a research report on Tuesday. TD Cowen boosted their target price on Broadcom from $355.00 to $370.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Finally, JPMorgan Chase & Co. boosted their target price on Broadcom from $325.00 to $400.00 and gave the company an “overweight” rating in a research report on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $372.52.

Insider Buying and Selling

In related news, Director Henry Samueli sold 368,797 shares of the business’s stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $337.91, for a total value of $124,620,194.27. Following the completion of the transaction, the director owned 37,722,534 shares of the company’s stock, valued at $12,746,821,463.94. The trade was a 0.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Charlie B. Kawwas sold 3,893 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the completion of the transaction, the insider directly owned 25,295 shares of the company’s stock, valued at $8,798,106.90. This trade represents a 13.34% decrease in their position. The disclosure for this sale can be found here. Over the last ninety 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 corporate insiders.

Broadcom Stock Up 2.9%

Shares of NASDAQ:AVGO opened at $354.13 on Friday. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $374.23. The stock has a market cap of $1.67 trillion, a P/E ratio of 90.34, a price-to-earnings-growth ratio of 1.94 and a beta of 1.20. The business’s 50 day moving average is $331.47 and its 200 day moving average is $275.11. 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 announced its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.03. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The company had revenue of $15.95 billion for the quarter, compared to analysts’ expectations of $15.82 billion. During the same quarter in the prior year, the firm earned $1.24 earnings per share. Broadcom’s revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. Sell-side analysts predict that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors 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 yield of 0.7%. Broadcom’s payout ratio is 60.20%.

Broadcom Company 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.