Broadcom Inc. $AVGO Shares Acquired by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund lifted its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 1.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 406,447 shares of the semiconductor manufacturer’s stock after buying an additional 4,100 shares during the period. Broadcom makes up approximately 2.0% of Oregon Public Employees Retirement Fund’s portfolio, making the stock its 7th largest position. Oregon Public Employees Retirement Fund’s holdings in Broadcom were worth $112,037,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Broadcom during the 1st quarter worth approximately $25,000. Cheviot Value Management LLC purchased a new position in shares of Broadcom during the 1st quarter worth approximately $25,000. Inlight Wealth Management LLC purchased a new position in shares of Broadcom during the 1st quarter worth approximately $26,000. Sawyer & Company Inc boosted its position in shares of Broadcom by 62.1% during the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 36 shares during the period. Finally, Legend Financial Advisors Inc. purchased a new position in shares of Broadcom during the 2nd quarter worth approximately $28,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Analysts Set New Price Targets

AVGO has been the subject of a number of research analyst reports. Evercore ISI increased their price objective on shares of Broadcom from $342.00 to $403.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft set a $400.00 price target on shares of Broadcom and gave the company a “buy” rating in a research report on Tuesday, October 14th. Wall Street Zen upgraded shares of Broadcom from a “hold” rating to a “buy” rating in a research note on Saturday, September 6th. Sanford C. Bernstein boosted their price target on shares of Broadcom from $295.00 to $400.00 and gave the stock an “outperform” rating in a research note on Friday, September 5th. Finally, Bank of America boosted their price target on shares of Broadcom from $300.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $372.33.

Insiders Place Their Bets

In related news, insider Mark David Brazeal sold 16,558 shares of the stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total value of $5,755,726.38. Following the transaction, the insider directly owned 329,302 shares of the company’s stock, valued at $114,468,668.22. This trade represents a 4.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Henry Samueli sold 368,797 shares of the business’s stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the completion of the sale, the director directly owned 37,722,534 shares of the company’s stock, valued at approximately $12,746,821,463.94. This trade represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,464,248. Corporate insiders own 2.00% of the company’s stock.

Broadcom Price Performance

Broadcom stock opened at $349.33 on Monday. The stock has a market cap of $1.65 trillion, a P/E ratio of 89.11, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20. The company has a fifty day simple moving average of $327.73 and a 200-day simple moving average of $270.05. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $374.23. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86.

Broadcom (NASDAQ:AVGO) last released 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. The business had revenue of $15.95 billion during the quarter, compared to analysts’ expectations of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The company’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Equities analysts expect that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, September 22nd. Broadcom’s payout ratio is currently 60.20%.

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.