Broadcom Inc. $AVGO Shares Acquired by Alecta Tjanstepension Omsesidigt

Key Points

• Alecta Tjanstepension Omsesidigt increased its stake in Broadcom Inc. by 34.4% in the 2nd quarter, acquiring an additional 532,000 shares to reach a total of 2,080,000 shares valued at approximately $573 million.
• Broadcom's recent earnings report showed $1.69 EPS, surpassing analysts' expectations, with revenues of $15.95 billion, marking a 22% increase from the previous year.
• The company announced a quarterly dividend of $0.59 per share, reflecting a dividend yield of 0.7% and a payout ratio of 60.20%.

Alecta Tjanstepension Omsesidigt raised its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 34.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,080,000 shares of the semiconductor manufacturer's stock after purchasing an additional 532,000 shares during the quarter. Broadcom accounts for 2.7% of Alecta Tjanstepension Omsesidigt's holdings, making the stock its 8th largest holding. Alecta Tjanstepension Omsesidigt's holdings in Broadcom were worth $573,394,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of AVGO. Brighton Jones LLC increased its holdings in shares of Broadcom by 21.8% in the 4th quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer's stock valued at $6,882,000 after acquiring an additional 5,322 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in Broadcom by 10.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer's stock valued at $1,854,000 after purchasing an additional 756 shares in the last quarter. Bank Pictet & Cie Europe AG increased its position in Broadcom by 16.4% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 221,199 shares of the semiconductor manufacturer's stock worth $51,283,000 after buying an additional 31,225 shares in the last quarter. 49 Wealth Management LLC increased its position in Broadcom by 1.6% during the fourth quarter. 49 Wealth Management LLC now owns 7,774 shares of the semiconductor manufacturer's stock worth $1,802,000 after buying an additional 126 shares in the last quarter. Finally, Poehling Capital Management INC. acquired a new stake in shares of Broadcom during the fourth quarter worth $232,000. Hedge funds and other institutional investors own 76.43% of the company's stock.

Broadcom Stock Performance

Shares of NASDAQ AVGO traded down $6.15 during midday trading on Monday, hitting $338.79. The company's stock had a trading volume of 28,599,739 shares, compared to its average volume of 29,009,098. The stock has a fifty day moving average price of $309.32 and a 200 day moving average price of $249.20. The firm has a market capitalization of $1.60 trillion, a price-to-earnings ratio of 86.43, a P/E/G ratio of 1.91 and a beta of 1.16. Broadcom Inc. has a one year low of $138.10 and a one year 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.

Broadcom (NASDAQ:AVGO - Get Free Report) 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 firm had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.82 billion. During the same period in the previous year, the business posted $1.24 EPS. The business's quarterly revenue was up 22.0% on a year-over-year basis. 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 fiscal year.

Broadcom Announces Dividend

The firm also recently disclosed 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. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, September 22nd. Broadcom's dividend payout ratio is 60.20%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Rosenblatt Securities boosted their price target on Broadcom from $340.00 to $400.00 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 note on Tuesday, June 24th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Broadcom from $300.00 to $350.00 and gave the company a "buy" rating in a report on Friday, September 5th. Citigroup raised their price target on shares of Broadcom from $315.00 to $350.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. Finally, Wells Fargo & Company lifted their price target on shares of Broadcom from $255.00 to $345.00 and gave the stock an "equal weight" rating in a research report on Friday, September 5th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $356.48.

Insider Activity at Broadcom

In related news, Director Justine Page sold 800 shares of Broadcom stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $360.00, for a total value of $288,000.00. Following the completion of the sale, the director directly owned 22,982 shares in the company, valued at $8,273,520. The trade was a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Mark David Brazeal sold 16,558 shares of the business's stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total value of $5,755,726.38. Following the sale, the insider owned 329,302 shares in the company, valued at $114,468,668.22. The trade was a 4.79% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 3,550 shares of company stock worth $1,227,869 and have sold 790,522 shares worth $224,295,124. 2.00% of the stock is currently owned by insiders.

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.