Analog Century Management LP Acquires 33,609 Shares of Broadcom Inc. $AVGO

Key Points

• Analog Century Management LP increased its stake in Broadcom Inc. by 8.1%, acquiring an additional 33,609 shares and holding a total of 451,035 shares worth approximately $75.5 million.
• Broadcom reported a 20.2% year-over-year revenue increase with earnings of $1.58 per share, surpassing expectations and demonstrating strong financial performance in the latest quarter.
• The stock has received favorable ratings from analysts, with a consensus price target of $301.79 and a majority rating of "Buy", indicating positive outlooks for future performance.

Analog Century Management LP boosted its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 8.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 451,035 shares of the semiconductor manufacturer's stock after buying an additional 33,609 shares during the quarter. Broadcom accounts for about 6.1% of Analog Century Management LP's investment portfolio, making the stock its 4th largest position. Analog Century Management LP's holdings in Broadcom were worth $75,517,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Barnes Dennig Private Wealth Management LLC acquired a new position in Broadcom in the first quarter worth approximately $25,000. Cheviot Value Management LLC purchased a new position in Broadcom during the 1st quarter worth approximately $25,000. Inlight Wealth Management LLC purchased a new position in Broadcom during the 1st quarter worth approximately $26,000. Sunbeam Capital Management LLC purchased a new position in Broadcom during the 4th quarter worth approximately $28,000. Finally, Vermillion Wealth Management Inc. purchased a new position in Broadcom during the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 76.43% of the company's stock.

Broadcom Trading Up 2.8%

Shares of NASDAQ:AVGO opened at $308.65 on Friday. The firm has a fifty day moving average of $286.79 and a two-hundred day moving average of $234.25. The firm has a market capitalization of $1.45 trillion, a P/E ratio of 115.60, a price-to-earnings-growth ratio of 2.14 and a beta of 1.15. Broadcom Inc. has a 12-month low of $134.90 and a 12-month high of $317.35. The company has a quick ratio of 0.98, a current ratio of 1.08 and a debt-to-equity ratio of 0.89.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its earnings results on Thursday, June 5th. The semiconductor manufacturer reported $1.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.57 by $0.01. The company had revenue of $15 billion during the quarter, compared to analyst estimates of $14.98 billion. Broadcom had a net margin of 22.64% and a return on equity of 35.49%. The company's revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter last year, the business posted $10.96 EPS. Broadcom has set its Q3 2025 guidance at EPS. On average, equities analysts expect 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 was paid on Monday, June 30th. Investors of record on Friday, June 20th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, June 20th. Broadcom's payout ratio is presently 88.39%.

Insiders Place Their Bets

In related news, Director Justine Page sold 800 shares of Broadcom stock in a transaction 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 completion of the sale, the director owned 23,782 shares of the company's stock, valued at approximately $7,312,013.72. The trade was a 3.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gayla J. Delly sold 3,000 shares of Broadcom stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $265.13, for a total transaction 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. The trade was a 8.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 830,516 shares of company stock worth $217,286,457 in the last 90 days. 2.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on AVGO shares. UBS Group lifted their price objective on shares of Broadcom from $290.00 to $345.00 and gave the stock a "buy" rating in a research report on Monday. Morgan Stanley set a $338.00 price objective on shares of Broadcom and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Bank of America lifted their price objective on shares of Broadcom from $240.00 to $300.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. Redburn Atlantic started coverage on shares of Broadcom in a research report on Wednesday, May 28th. They set a "buy" rating and a $301.00 price objective on the stock. Finally, Truist Financial set a $295.00 price objective on shares of Broadcom and gave the stock a "buy" rating in a research report on Friday, June 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $301.79.

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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