Fjarde AP Fonden Fourth Swedish National Pension Fund Grows Stock Position in Broadcom Inc. $AVGO

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Broadcom Inc. (NASDAQ:AVGO) by 20.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 691,990 shares of the semiconductor manufacturer’s stock after purchasing an additional 116,300 shares during the quarter. Broadcom makes up 1.8% of Fjarde AP Fonden Fourth Swedish National Pension Fund’s investment portfolio, making the stock its 8th largest position. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Broadcom were worth $190,747,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Cheviot Value Management LLC purchased a new position in Broadcom during the first quarter valued at approximately $25,000. Sawyer & Company Inc grew 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 valued at $26,000 after purchasing an additional 36 shares in the last quarter. Legend Financial Advisors Inc. bought a new position in shares of Broadcom in the second quarter worth $28,000. Wood Tarver Financial Group LLC increased its holdings in shares of Broadcom by 342.5% in the first quarter. Wood Tarver Financial Group LLC now owns 177 shares of the semiconductor manufacturer’s stock worth $30,000 after purchasing an additional 137 shares during the period. Finally, LGT Financial Advisors LLC purchased a new stake in shares of Broadcom in the second quarter worth $31,000. 76.43% of the stock is currently owned by institutional investors.

Broadcom Trading Down 1.8%

Shares of AVGO opened at $369.63 on Friday. The firm has a market cap of $1.75 trillion, a price-to-earnings ratio of 94.29, a PEG ratio of 2.08 and a beta of 1.20. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $386.48. The firm has a 50 day moving average price of $339.31 and a 200-day moving average price of $283.36.

Broadcom (NASDAQ:AVGO) last released its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating the consensus estimate of $1.66 by $0.03. The company had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The firm’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities research analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current 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 paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, September 22nd. Broadcom’s dividend payout ratio (DPR) is 60.20%.

Insider Transactions at Broadcom

In other Broadcom news, CEO Hock E. Tan sold 148,154 shares of Broadcom stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $336.67, for a total value of $49,879,007.18. Following the transaction, the chief executive officer directly owned 825,998 shares of the company’s stock, valued at $278,088,746.66. The trade was a 15.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark David Brazeal sold 16,558 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider owned 329,302 shares of the company’s stock, valued at $114,468,668.22. The trade was a 4.79% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have bought 3,550 shares of company stock valued at $1,227,869 and have sold 665,271 shares valued at $225,464,248. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AVGO. Morgan Stanley set a $409.00 target price on Broadcom and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. JPMorgan Chase & Co. upped their price objective on shares of Broadcom from $325.00 to $400.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. TD Cowen lifted their target price on shares of Broadcom from $355.00 to $370.00 and gave the company a “buy” rating in a research report on Friday, September 5th. KeyCorp set a $460.00 price target on shares of Broadcom in a report on Monday, October 13th. Finally, Rosenblatt Securities lifted their price objective on shares of Broadcom from $340.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Three analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $372.52.

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.