Candriam S.C.A. Boosts Stake in Broadcom Inc. $AVGO

Candriam S.C.A. raised its position in Broadcom Inc. (NASDAQ:AVGO) by 3.9% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,175,811 shares of the semiconductor manufacturer’s stock after purchasing an additional 44,274 shares during the period. Broadcom makes up approximately 1.2% of Candriam S.C.A.’s investment portfolio, making the stock its 11th biggest position. Candriam S.C.A.’s holdings in Broadcom were worth $196,867,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sunbeam Capital Management LLC purchased a new position in Broadcom in the 4th quarter valued at about $28,000. Vermillion Wealth Management Inc. bought a new position in shares of Broadcom during the fourth quarter worth about $30,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Broadcom during the first quarter worth about $25,000. Cheviot Value Management LLC bought a new position in shares of Broadcom during the first quarter worth about $25,000. Finally, Inlight Wealth Management LLC bought a new position in shares of Broadcom during the first quarter worth about $26,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Broadcom Price Performance

Shares of NASDAQ:AVGO opened at $294.91 on Wednesday. The firm’s 50 day moving average is $280.51 and its two-hundred day moving average is $230.93. Broadcom Inc. has a 52 week low of $134.90 and a 52 week high of $317.35. The firm has a market capitalization of $1.39 trillion, a P/E ratio of 110.45, a PEG ratio of 2.17 and a beta of 1.15. The company has a current ratio of 1.08, a quick ratio of 0.98 and a debt-to-equity ratio of 0.89.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings results on Thursday, June 5th. The semiconductor manufacturer reported $1.58 EPS for the quarter, beating the consensus estimate of $1.57 by $0.01. Broadcom had a net margin of 22.64% and a return on equity of 35.49%. The company had revenue of $15 billion for the quarter, compared to analyst estimates of $14.98 billion. During the same quarter last year, the business earned $10.96 earnings per share. Broadcom’s revenue was up 20.2% compared to the same quarter last year. Broadcom has set its Q3 2025 guidance at EPS. Analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 20th were paid a dividend of $0.59 per share. 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 (DPR) is currently 88.39%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Wells Fargo & Company increased their price target on shares of Broadcom from $230.00 to $255.00 and gave the stock an “equal weight” rating in a research report on Friday, June 6th. Mizuho increased their price target on shares of Broadcom from $315.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 16th. Barclays increased their price target on shares of Broadcom from $215.00 to $265.00 and gave the stock an “overweight” rating in a research report on Monday, June 9th. Oppenheimer increased their price target on shares of Broadcom from $265.00 to $305.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. Finally, Truist Financial set a $295.00 price target on shares of Broadcom and gave the stock a “buy” rating in a research report on Friday, June 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $295.96.

Insider Buying and Selling at Broadcom

In related news, Director Henry Samueli sold 473,898 shares of the firm’s stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $265.33, for a total transaction of $125,739,356.34. Following the transaction, the director owned 38,188,575 shares in the company, valued at $10,132,574,604.75. This trade represents a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Hock E. Tan sold 117,758 shares of the firm’s stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $252.91, for a total transaction of $29,782,175.78. Following the transaction, the chief executive officer owned 1,014,152 shares in the company, valued at $256,489,182.32. This represents a 10.40% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 830,516 shares of company stock valued at $217,286,457. 2.00% of the stock is currently owned by company 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.