Shelton Wealth Management LLC Decreases Stake in Broadcom Inc. $AVGO

Shelton Wealth Management LLC cut its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 81.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,664 shares of the semiconductor manufacturer’s stock after selling 7,290 shares during the period. Shelton Wealth Management LLC’s holdings in Broadcom were worth $549,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in AVGO. Norges Bank bought a new stake in Broadcom in the second quarter worth $18,579,549,000. Vanguard Group Inc. lifted its position in Broadcom by 1.3% during the second quarter. Vanguard Group Inc. now owns 483,442,939 shares of the semiconductor manufacturer’s stock valued at $133,261,046,000 after purchasing an additional 6,222,802 shares during the last quarter. Edgewood Management LLC purchased a new position in shares of Broadcom in the 2nd quarter worth $1,571,438,000. Alliancebernstein L.P. increased its holdings in shares of Broadcom by 16.0% in the 1st quarter. Alliancebernstein L.P. now owns 29,513,814 shares of the semiconductor manufacturer’s stock worth $4,941,498,000 after buying an additional 4,077,910 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Broadcom by 115.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,017,340 shares of the semiconductor manufacturer’s stock valued at $1,658,680,000 after buying an additional 3,224,739 shares in the last quarter. Institutional investors own 76.43% of the company’s stock.

Insider Transactions at Broadcom

In related news, Director Justine Page sold 800 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $361.89, for a total value of $289,512.00. Following the transaction, the director owned 20,582 shares of the company’s stock, valued at $7,448,419.98. This represents a 3.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kirsten M. Spears sold 3,714 shares of Broadcom stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $327.79, for a total value of $1,217,412.06. Following the sale, the chief financial officer directly owned 307,237 shares of the company’s stock, valued at approximately $100,709,216.23. This trade represents a 1.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 863,577 shares of company stock valued at $311,694,744 in the last ninety days. Corporate insiders own 2.00% of the company’s stock.

Broadcom Stock Up 3.2%

NASDAQ:AVGO opened at $340.36 on Monday. The company has a market cap of $1.61 trillion, a price-to-earnings ratio of 71.50, a price-to-earnings-growth ratio of 1.17 and a beta of 1.19. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $414.61. The company has a current ratio of 1.71, a quick ratio of 1.58 and a debt-to-equity ratio of 0.76. The stock has a fifty day simple moving average of $362.98 and a 200-day simple moving average of $321.53.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings results on Thursday, December 11th. The semiconductor manufacturer reported $1.95 EPS for the quarter, topping the consensus estimate of $1.87 by $0.08. Broadcom had a net margin of 36.20% and a return on equity of 37.45%. The company had revenue of $18.02 billion for the quarter, compared to the consensus estimate of $17.46 billion. During the same quarter last year, the firm posted $1.42 EPS. The firm’s revenue was up 28.2% compared to the same quarter last year. Analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be paid a dividend of $0.65 per share. This is a boost from Broadcom’s previous quarterly dividend of $0.59. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, December 22nd. Broadcom’s payout ratio is presently 54.62%.

Wall Street Analyst Weigh In

Several research firms recently commented on AVGO. UBS Group set a $475.00 price target on Broadcom and gave the stock a “buy” rating in a research report on Monday, December 15th. TD Cowen lifted their target price on Broadcom from $405.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Benchmark increased their price target on Broadcom from $385.00 to $485.00 and gave the company a “buy” rating in a report on Friday, December 12th. KeyCorp reaffirmed an “overweight” rating and set a $500.00 price objective (up from $460.00) on shares of Broadcom in a research note on Friday, December 12th. Finally, Deutsche Bank Aktiengesellschaft set a $430.00 price objective on shares of Broadcom and gave the company a “buy” rating in a research report on Friday, December 12th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Broadcom presently has an average rating of “Buy” and a consensus target price of $436.33.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Truist raised its price target to $510 and kept a buy stance, signaling big upside vs. current levels. AVGO: Broadcom price target raised by Truist
• Positive Sentiment: Company beat expectations and issued AI-related revenue commentary (large AI/XPU and networking opportunity), supporting a growth story tied to data-center demand. Broadcom soars past expectations with blockbuster results
• Positive Sentiment: Unusual options activity: traders bought ~323,615 call contracts, well above average, indicating speculative/hedged bullish bets on near-term upside.
• Positive Sentiment: Broadcom raised its quarterly dividend ~10% (new quarterly payment $0.65) — a sign of strong cash flow and shareholder returns. Broadcom stock just raised its dividend by 10%
• Neutral Sentiment: High-profile bullish coverage and commentary (Wall Street lists and media pieces) are amplifying interest but also raising expectations. Here’s why Wall Street is bullish on Broadcom stock (AVGO)
• Neutral Sentiment: Jim Cramer publicly said he isn’t very worried about Broadcom, which can calm retail sentiment but is not a fundamental driver. Jim Cramer says he is not that worried about Broadcom
• Negative Sentiment: Several insiders (including senior execs) have sold shares in recent filings — a potential overhang for sentiment even if sales may be for diversification/liquidity. Charlie Kawwas Sells 1,235 Shares of Broadcom
• Negative Sentiment: Sharp recent sell-off (~20% from pre-earnings levels) has created volatility and forced short-term selling pressure despite analysts raising targets. Broadcom Stock Crashes 20%—But Wall Street Sees It Soaring to $500

Broadcom Company Profile

Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company’s semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.

On the semiconductor side, Broadcom’s portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.