AG2R LA Mondiale Gestion D Actifs Makes New Investment in Broadcom Inc. $AVGO

Key Points

• AG2R LA Mondiale Gestion D Actifs has acquired a new stake in Broadcom Inc. (NASDAQ: AVGO), purchasing 163,958 shares valued at approximately $27.45 million, making it the fund's 10th largest holding.
• Broadcom recently reported a quarterly earnings of $1.69 EPS, exceeding expectations, along with revenues of $15.95 billion, marking a 22% year-over-year increase.
• The company has announced a quarterly dividend of $0.59 per share, which will be paid to shareholders on September 30th, yielding an annualized rate of 0.7%.

AG2R LA Mondiale Gestion D Actifs purchased a new position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 163,958 shares of the semiconductor manufacturer's stock, valued at approximately $27,451,000. Broadcom accounts for approximately 1.6% of AG2R LA Mondiale Gestion D Actifs' investment portfolio, making the stock its 10th biggest holding.

Other institutional investors have also made changes to their positions in the company. Sunbeam Capital Management LLC acquired a new stake in Broadcom in the fourth quarter valued at approximately $28,000. Vermillion Wealth Management Inc. bought a new position in shares of Broadcom in the fourth quarter valued at approximately $30,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Broadcom in the first quarter valued at approximately $25,000. Cheviot Value Management LLC bought a new position in shares of Broadcom in the first quarter valued at approximately $25,000. Finally, Inlight Wealth Management LLC bought a new position in shares of Broadcom in the first quarter valued at approximately $26,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Henry Samueli sold 473,898 shares of the company's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $265.33, for a total value of $125,739,356.34. Following the completion of the sale, the director directly owned 38,188,575 shares of the company's stock, valued at $10,132,574,604.75. This represents a 1.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Hock E. Tan sold 148,154 shares of the company's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $336.67, for a total value of $49,879,007.18. Following the completion of the sale, the chief executive officer directly owned 825,998 shares of the company's stock, valued at approximately $278,088,746.66. This trade represents a 15.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 3,550 shares of company stock worth $1,227,869 and sold 850,912 shares worth $234,854,489. Insiders own 2.00% of the company's stock.

Broadcom Price Performance

Shares of NASDAQ:AVGO traded up $0.24 on Friday, hitting $359.87. The stock had a trading volume of 31,929,014 shares, compared to its average volume of 25,328,086. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $374.23. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. The firm's 50 day moving average price is $300.31 and its 200-day moving average price is $242.19. The company has a market capitalization of $1.69 trillion, a price-to-earnings ratio of 91.80, a price-to-earnings-growth ratio of 1.99 and a beta of 1.16.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly 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. 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 the consensus estimate of $15.82 billion. During the same quarter in the prior year, the company earned $1.24 EPS. The firm's quarterly revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. On average, equities research analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd will be paid 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 dividend yield of 0.7%. Broadcom's dividend payout ratio is 60.20%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Broadcom from $300.00 to $350.00 and gave the company a "buy" rating in a research report on Friday, September 5th. 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. Citigroup boosted their target price on shares of Broadcom from $315.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. Hsbc Global Res raised shares of Broadcom from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, June 24th. Finally, Evercore ISI reaffirmed an "outperform" rating and set a $342.00 target price (up previously from $304.00) on shares of Broadcom in a research report on Thursday, September 4th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $354.04.

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.