KADENSA CAPITAL Ltd Takes $31.02 Million Position in Broadcom Inc. $AVGO

Key Points

• KADENSA CAPITAL Ltd acquired 185,293 shares of Broadcom Inc. valued at approximately $31 million, making it the third largest position in their portfolio.
• Broadcom's stock has seen significant interest from large investors, with a total of 76.43% of the stock owned by hedge funds and institutional investors.
• Analysts have recently raised their target prices for Broadcom's stock, with a consensus rating of "Buy" and an average price target of $304.17.

KADENSA CAPITAL Ltd purchased a new stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 185,293 shares of the semiconductor manufacturer's stock, valued at approximately $31,024,000. Broadcom makes up 3.8% of KADENSA CAPITAL Ltd's holdings, making the stock its 3rd largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Waddell & Associates LLC lifted its holdings in shares of Broadcom by 2.1% during the first quarter. Waddell & Associates LLC now owns 2,091 shares of the semiconductor manufacturer's stock valued at $350,000 after purchasing an additional 43 shares during the last quarter. True Wealth Design LLC grew its holdings in shares of Broadcom by 7.2% during the fourth quarter. True Wealth Design LLC now owns 712 shares of the semiconductor manufacturer's stock valued at $165,000 after buying an additional 48 shares during the last quarter. Martingale Asset Management L P grew its holdings in shares of Broadcom by 1.3% during the first quarter. Martingale Asset Management L P now owns 3,876 shares of the semiconductor manufacturer's stock valued at $649,000 after buying an additional 48 shares during the last quarter. Wescott Financial Advisory Group LLC grew its holdings in shares of Broadcom by 3.8% during the first quarter. Wescott Financial Advisory Group LLC now owns 1,326 shares of the semiconductor manufacturer's stock valued at $222,000 after buying an additional 48 shares during the last quarter. Finally, Monterey Private Wealth Inc. grew its holdings in shares of Broadcom by 1.8% during the first quarter. Monterey Private Wealth Inc. now owns 2,780 shares of the semiconductor manufacturer's stock valued at $465,000 after buying an additional 48 shares during the last quarter. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom Stock Performance

Broadcom stock traded up $28.79 during midday trading on Friday, hitting $334.89. The stock had a trading volume of 78,318,626 shares, compared to its average volume of 17,635,120. The firm's fifty day moving average is $292.09 and its two-hundred day moving average is $237.25. The company has a market capitalization of $1.58 trillion, a PE ratio of 85.43, a P/E/G ratio of 2.38 and a beta of 1.16. Broadcom Inc. has a 52-week low of $134.90 and a 52-week high of $356.34. The company has a current ratio of 1.08, a quick ratio of 0.98 and a debt-to-equity ratio of 0.89.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its earnings results 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 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 37.17%. The firm's quarterly revenue was up 22.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. On average, research analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 22nd will be issued a $0.59 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. Broadcom's payout ratio is currently 88.39%.

Insider Buying and Selling

In other news, CFO Kirsten M. Spears sold 56,310 shares of the firm's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $251.75, for a total transaction of $14,176,042.50. Following the completion of the transaction, the chief financial officer owned 361,937 shares in the company, valued at $91,117,639.75. This trade represents a 13.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Charlie B. Kawwas sold 10,000 shares of Broadcom stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $252.88, for a total value of $2,528,800.00. Following the completion of the sale, the insider directly owned 789,784 shares in the company, valued at approximately $199,720,577.92. The trade was a 1.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold 830,516 shares of company stock worth $217,286,457 in the last quarter. 2.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. KeyCorp increased their price target on shares of Broadcom from $330.00 to $400.00 and gave the company an "overweight" rating in a report on Friday. JPMorgan Chase & Co. upped their price target on Broadcom from $325.00 to $400.00 and gave the company an "overweight" rating in a report on Friday. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $300.00 price target on shares of Broadcom in a report on Friday, June 6th. Mizuho upped their price target on Broadcom from $320.00 to $355.00 and gave the company an "outperform" rating in a report on Friday. Finally, Wall Street Zen raised shares of Broadcom from a "hold" rating to a "buy" rating in a report on Saturday. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $351.00.

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.