Alliancebernstein L.P. Has $4.94 Billion Stock Position in Broadcom Inc. $AVGO

Key Points

• Alliancebernstein L.P. raised its holdings in Broadcom Inc. by 16.0%, owning approximately 29.5 million shares after acquiring an additional 4.1 million shares in the first quarter.
• Broadcom received multiple positive analyst ratings, with target prices ranging from $255.00 to $330.00, indicating a strong consensus on the stock's performance.
• Insider activity showed a decrease in ownership as executives sold approximately 830,516 shares, totaling around $217 million in value last quarter.

Alliancebernstein L.P. lifted its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 16.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,513,814 shares of the semiconductor manufacturer's stock after purchasing an additional 4,077,910 shares during the period. Broadcom accounts for about 1.8% of Alliancebernstein L.P.'s holdings, making the stock its 8th biggest position. Alliancebernstein L.P. owned approximately 0.63% of Broadcom worth $4,941,498,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Brighton Jones LLC raised its position in Broadcom by 21.8% in the fourth quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer's stock worth $6,882,000 after acquiring an additional 5,322 shares during the period. Revolve Wealth Partners LLC raised its position in Broadcom by 10.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer's stock worth $1,854,000 after acquiring an additional 756 shares during the period. Bank Pictet & Cie Europe AG raised its position in Broadcom by 16.4% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 221,199 shares of the semiconductor manufacturer's stock worth $51,283,000 after acquiring an additional 31,225 shares during the period. Chapman Financial Group LLC bought a new stake in Broadcom in the fourth quarter worth about $134,000. Finally, Capitolis Liquid Global Markets LLC raised its position in Broadcom by 8.6% in the fourth quarter. Capitolis Liquid Global Markets LLC now owns 2,154,100 shares of the semiconductor manufacturer's stock worth $499,407,000 after acquiring an additional 170,000 shares during the period. 76.43% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Hock E. Tan sold 40,000 shares of the business's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $268.29, for a total value of $10,731,600.00. Following the completion of the sale, the chief executive officer owned 482,836 shares of the company's stock, valued at approximately $129,540,070.44. The trade was a 7.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gayla J. Delly sold 3,000 shares of the business's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $265.13, for a total value of $795,390.00. Following the completion of the sale, the director directly owned 33,352 shares of the company's stock, valued at approximately $8,842,615.76. This trade represents a 8.25% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 830,516 shares of company stock valued at $217,286,457. 2.00% of the stock is owned by insiders.

Broadcom Price Performance

Broadcom stock traded up $28.79 during midday trading on Friday, hitting $334.89. 78,318,626 shares of the company's stock were exchanged, compared to its average volume of 17,635,120. Broadcom Inc. has a 52-week low of $134.90 and a 52-week high of $356.34. The stock has a 50-day moving average price of $292.09 and a two-hundred day moving average price of $237.25. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.98 and a current ratio of 1.08. The company has a market cap of $1.58 trillion, a P/E ratio of 85.43, a PEG ratio of 2.17 and a beta of 1.16.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, topping the consensus estimate of $1.66 by $0.03. Broadcom had a return on equity of 37.17% and a net margin of 31.59%.The business had revenue of $15.95 billion during the quarter, compared to analysts' expectations of $15.82 billion. During the same period in the previous year, the business earned $1.24 earnings per share. The firm's 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 forecast that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

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

Wall Street Analysts Forecast Growth

AVGO has been the topic of several research reports. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $300.00 price objective on shares of Broadcom in a research report on Friday, June 6th. TD Cowen lifted their price objective on shares of Broadcom from $355.00 to $370.00 and gave the company a "buy" rating in a research note on Friday. Susquehanna increased their target price on Broadcom from $280.00 to $300.00 and gave the stock a "positive" rating in a research report on Friday, June 6th. Oppenheimer reaffirmed an "outperform" rating and issued a $360.00 price target (up from $325.00) on shares of Broadcom in a report on Friday. Finally, Barclays raised their price target on Broadcom from $265.00 to $400.00 and gave the stock an "overweight" rating in a report on Friday. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Broadcom has an average rating of "Buy" and an average target price of $351.00.

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.