1248 Management LLC Purchases 4,726 Shares of Broadcom Inc. $AVGO

Key Points

• 1248 Management LLC has significantly increased its stake in Broadcom Inc. by acquiring 4,726 shares, raising its ownership by 312.4% in the first quarter.
• Broadcom recently reported earnings with revenue of $15.95 billion for the quarter, exceeding analyst expectations, and an EPS of $1.69, beating the consensus estimate by $0.03.
• The company announced a quarterly dividend of $0.59 per share, with a yield of 0.7%, to be paid to shareholders on September 30th.

1248 Management LLC raised its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 312.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,239 shares of the semiconductor manufacturer's stock after acquiring an additional 4,726 shares during the period. 1248 Management LLC's holdings in Broadcom were worth $1,045,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Barnes Dennig Private Wealth Management LLC bought a new position in Broadcom during the 1st quarter valued at $25,000. Cheviot Value Management LLC bought a new position in Broadcom during the 1st quarter valued at $25,000. Inlight Wealth Management LLC bought a new position in Broadcom during the 1st quarter valued at $26,000. Sunbeam Capital Management LLC bought a new position in Broadcom during the 4th quarter valued at $28,000. Finally, Vermillion Wealth Management Inc. bought a new position in Broadcom during the 4th quarter valued at $30,000. 76.43% of the stock is currently owned by institutional investors.

Broadcom Stock Down 2.7%

Shares of NASDAQ AVGO opened at $359.63 on Friday. 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. The firm has a market capitalization of $1.69 trillion, a price-to-earnings ratio of 91.74, a PEG ratio of 2.04 and a beta of 1.16. The business has a 50-day moving average of $298.61 and a 200-day moving average of $240.90.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, topping the consensus estimate 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 return on equity of 36.60% and a net margin of 31.59%.Broadcom's revenue was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. Sell-side analysts expect 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 will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd will be given a $0.59 dividend. The ex-dividend date is Monday, September 22nd. This represents a $2.36 annualized dividend and a yield of 0.7%. Broadcom's payout ratio is presently 60.20%.

Insider Transactions at Broadcom

In other news, Director Henry Samueli sold 473,898 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $265.33, for a total transaction of $125,739,356.34. Following the transaction, the director directly owned 38,188,575 shares of the company's stock, valued at approximately $10,132,574,604.75. The trade was a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Justine Page sold 800 shares of the business's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $307.46, for a total value of $245,968.00. Following the transaction, the director directly owned 23,782 shares in the company, valued at $7,312,013.72. This trade represents a 3.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 3,550 shares of company stock valued at $1,227,869 and have sold 702,758 shares valued at $184,975,481. Company insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

AVGO has been the subject of several research analyst reports. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $300.00 target price on shares of Broadcom in a research report on Friday, June 6th. Oppenheimer reaffirmed an "outperform" rating and set a $360.00 target price (up from $325.00) on shares of Broadcom in a research report on Friday, September 5th. HSBC raised Broadcom from a "hold" rating to a "buy" rating and set a $400.00 target price for the company in a research report on Tuesday, June 24th. Argus raised their target price on Broadcom from $285.00 to $375.00 and gave the company a "buy" rating in a research report on Monday. Finally, KeyCorp raised their target price on Broadcom from $330.00 to $400.00 and gave the company an "overweight" rating in a research report on Friday, September 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $351.92.

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.

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