Bridgewater Advisors Inc. Raises Stock Holdings in Broadcom Inc. $AVGO

Bridgewater Advisors Inc. boosted its stake in Broadcom Inc. (NASDAQ:AVGO) by 5.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,449 shares of the semiconductor manufacturer’s stock after purchasing an additional 979 shares during the quarter. Bridgewater Advisors Inc.’s holdings in Broadcom were worth $5,190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BCGM Wealth Management LLC purchased a new stake in shares of Broadcom during the 2nd quarter valued at $266,000. Astra Wealth Partners LLC grew its position in Broadcom by 20.0% in the second quarter. Astra Wealth Partners LLC now owns 1,852 shares of the semiconductor manufacturer’s stock worth $511,000 after acquiring an additional 309 shares in the last quarter. Machina Capital S.A.S. increased its stake in Broadcom by 177.4% in the second quarter. Machina Capital S.A.S. now owns 22,379 shares of the semiconductor manufacturer’s stock valued at $6,169,000 after acquiring an additional 14,313 shares during the last quarter. Westside Investment Management Inc. raised its position in Broadcom by 1.4% during the second quarter. Westside Investment Management Inc. now owns 25,613 shares of the semiconductor manufacturer’s stock valued at $6,925,000 after purchasing an additional 359 shares in the last quarter. Finally, Hutchens & Kramer Investment Management Group LLC raised its position in Broadcom by 29.3% during the second quarter. Hutchens & Kramer Investment Management Group LLC now owns 2,429 shares of the semiconductor manufacturer’s stock valued at $643,000 after purchasing an additional 551 shares in the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Wall Street Analyst Weigh In

AVGO has been the topic of several recent research reports. Wells Fargo & Company increased their price objective on Broadcom from $255.00 to $345.00 and gave the company an “equal weight” rating in a research report on Friday, September 5th. Benchmark increased their price target on shares of Broadcom from $315.00 to $385.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Citigroup reissued a “buy” rating and set a $415.00 price target (up from $350.00) on shares of Broadcom in a research note on Tuesday, October 14th. Sanford C. Bernstein upped their price objective on shares of Broadcom from $295.00 to $400.00 and gave the company an “outperform” rating in a research note on Friday, September 5th. Finally, Bank of America lifted their target price on shares of Broadcom from $300.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Three analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $372.52.

Broadcom Stock Down 1.7%

Shares of Broadcom stock opened at $349.43 on Friday. 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 52-week low of $138.10 and a 52-week high of $386.48. The company’s 50 day moving average price is $344.91 and its 200-day moving average price is $289.00. The stock has a market capitalization of $1.65 trillion, a price-to-earnings ratio of 89.14, a P/E/G ratio of 1.43 and a beta of 1.19.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.03. The company had revenue of $15.95 billion during 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 revenue was up 22.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Equities research analysts forecast 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. Shareholders of record on Monday, September 22nd were issued a $0.59 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.36 annualized dividend and a yield of 0.7%. Broadcom’s dividend payout ratio (DPR) is 60.20%.

Insider Transactions at Broadcom

In related news, insider Mark David Brazeal sold 16,558 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the completion of the transaction, the insider owned 329,302 shares in the company, valued at $114,468,668.22. This represents a 4.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Justine Page sold 800 shares of Broadcom stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $350.15, for a total transaction of $280,120.00. Following the completion of the sale, the director owned 22,182 shares in the company, valued at approximately $7,767,027.30. This trade represents a 3.48% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders purchased 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,464,248. 2.00% of the stock is owned by corporate insiders.

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.