Broadcom Inc. $AVGO Stock Holdings Increased by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC increased its stake in Broadcom Inc. by 20.1%, acquiring an additional 573,027 shares during the first quarter, bringing its total to 3,421,858 shares.
• Broadcom currently has a strong position among institutional investors, with 76.43% of the company's stock owned by such investors, indicating robust interest in the semiconductor manufacturer.
• Analysts maintain a favorable outlook on Broadcom, with a consensus average rating of "Buy" and a price target of $302.58, following several upgrades from firms like Evercore ISI and Oppenheimer.

AQR Capital Management LLC lifted its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 20.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,421,858 shares of the semiconductor manufacturer's stock after buying an additional 573,027 shares during the period. Broadcom makes up about 0.6% of AQR Capital Management LLC's holdings, making the stock its 19th biggest holding. AQR Capital Management LLC owned 0.07% of Broadcom worth $556,360,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Broadcom

In other Broadcom news, 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 value of $795,390.00. Following the completion of the transaction, the director owned 33,352 shares of the company's stock, valued at $8,842,615.76. The trade was a 8.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Kirsten M. Spears sold 36,350 shares of the stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $261.27, for a total transaction of $9,497,164.50. Following the sale, the chief financial officer directly owned 325,587 shares in the company, valued at $85,066,115.49. This trade represents a 10.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 830,516 shares of company stock worth $217,286,457. 2.00% of the stock is owned by insiders.

Broadcom Stock Up 9.4%

AVGO stock traded up $28.79 during mid-day trading on Friday, hitting $334.89. 78,318,626 shares of the company were exchanged, compared to its average volume of 17,635,120. The firm has a fifty day simple moving average of $292.09 and a 200 day simple moving average of $237.25. The company has a market capitalization of $1.58 trillion, a PE ratio of 85.43, a price-to-earnings-growth ratio of 2.17 and a beta of 1.16. Broadcom Inc. has a twelve month low of $134.90 and a twelve month 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 issued its quarterly 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. The business had revenue of $15.95 billion for the quarter, compared to analysts' expectations of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 37.17%. The company's quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. On average, research analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

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

Wall Street Analysts Forecast Growth

AVGO has been the subject of a number of research reports. Rosenblatt Securities upped their price target on shares of Broadcom from $340.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday. Deutsche Bank Aktiengesellschaft upped their target price on Broadcom from $300.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday. Mizuho raised their target price on Broadcom from $320.00 to $355.00 and gave the company an "outperform" rating in a report on Friday. Susquehanna boosted their price target on Broadcom from $280.00 to $300.00 and gave the stock a "positive" rating in a research report on Friday, June 6th. Finally, Barclays increased their price objective on shares of Broadcom from $265.00 to $400.00 and gave the company an "overweight" rating in a research report on Friday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target 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.