Broadcom Inc. $AVGO is Vanguard Group Inc.’s 6th Largest Position

Vanguard Group Inc. grew its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 1.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 483,442,939 shares of the semiconductor manufacturer’s stock after buying an additional 6,222,802 shares during the period. Broadcom accounts for 2.2% of Vanguard Group Inc.’s portfolio, making the stock its 6th largest position. Vanguard Group Inc. owned approximately 0.10% of Broadcom worth $133,261,046,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Sawyer & Company Inc raised its position in Broadcom by 62.1% during the second 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. purchased a new position in shares of Broadcom in the 2nd quarter worth about $28,000. LGT Financial Advisors LLC bought a new position in shares of Broadcom during the 2nd quarter valued at about $31,000. New England Capital Financial Advisors LLC purchased a new position in shares of Broadcom during the 2nd quarter valued at about $31,000. Finally, Maseco LLP purchased a new position in shares of Broadcom during the 2nd quarter valued at about $34,000. 76.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Oppenheimer reiterated an “outperform” rating and set a $360.00 price target (up from $325.00) on shares of Broadcom in a research report on Friday, September 5th. Piper Sandler lifted their target price on shares of Broadcom from $315.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. Mizuho set a $435.00 price target on shares of Broadcom and gave the company an “outperform” rating in a research report on Tuesday, October 21st. Macquarie assumed coverage on Broadcom in a research note on Monday, September 15th. They set an “outperform” rating and a $420.00 price objective on the stock. Finally, Wall Street Zen raised Broadcom from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Broadcom currently has an average rating of “Buy” and an average price target of $372.52.

Broadcom Stock Up 4.1%

Shares of Broadcom stock opened at $354.42 on Thursday. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $386.48. The firm has a market cap of $1.67 trillion, a price-to-earnings ratio of 90.41, a PEG ratio of 1.17 and a beta of 1.19. The company has a 50-day moving average of $348.80 and a 200 day moving average of $298.58. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.03. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The business had revenue of $15.95 billion for the quarter, compared to analysts’ expectations of $15.82 billion. During the same quarter in the prior year, the company earned $1.24 earnings per share. The business’s revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. As a group, sell-side analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

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

Insiders Place Their Bets

In related news, CEO Hock E. Tan sold 100,000 shares of the company’s stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $339.58, for a total value of $33,958,000.00. Following the transaction, the chief executive officer owned 725,638 shares in the company, valued at $246,412,152.04. The trade was a 12.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Henry Samueli sold 368,797 shares of the firm’s stock in a transaction dated 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 sale, the director owned 37,722,534 shares of the company’s stock, valued at approximately $12,746,821,463.94. This represents a 0.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders purchased 3,550 shares of company stock valued at $1,227,869 and sold 665,271 shares valued at $225,483,192. 2.00% of the stock is owned by 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.