Aware Super Pty Ltd as trustee of Aware Super Acquires 32,904 Shares of Broadcom Inc. $AVGO

Aware Super Pty Ltd as trustee of Aware Super boosted its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 6.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 523,525 shares of the semiconductor manufacturer's stock after acquiring an additional 32,904 shares during the quarter. Broadcom accounts for 2.1% of Aware Super Pty Ltd as trustee of Aware Super's portfolio, making the stock its 7th largest position. Aware Super Pty Ltd as trustee of Aware Super's holdings in Broadcom were worth $144,310,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Barnes Dennig Private Wealth Management LLC acquired a new stake in Broadcom in the 1st quarter valued at approximately $25,000. Cheviot Value Management LLC acquired a new stake in Broadcom in the 1st quarter valued at approximately $25,000. Sawyer & Company Inc increased its position in Broadcom by 62.1% in the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock valued at $26,000 after acquiring an additional 36 shares during the period. Legend Financial Advisors Inc. acquired a new stake in Broadcom in the 2nd quarter valued at approximately $28,000. Finally, Wood Tarver Financial Group LLC increased its position in shares of Broadcom by 342.5% during the 1st quarter. Wood Tarver Financial Group LLC now owns 177 shares of the semiconductor manufacturer's stock valued at $30,000 after purchasing an additional 137 shares during the period. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom Price Performance

NASDAQ AVGO opened at $340.30 on Thursday. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $374.23. The stock's 50-day moving average is $329.86 and its two-hundred day moving average is $272.43. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. The firm has a market cap of $1.61 trillion, a P/E ratio of 86.81, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.03. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The company had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. During the same period last year, the company earned $1.24 earnings per share. The business's revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. On average, analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, September 22nd. Broadcom's dividend payout ratio (DPR) is 60.20%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AVGO. TD Cowen lifted their price target on Broadcom from $355.00 to $370.00 and gave the company a "buy" rating in a research report on Friday, September 5th. Rosenblatt Securities lifted their price target on Broadcom from $340.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, September 5th. Piper Sandler raised their price objective on Broadcom from $315.00 to $375.00 and gave the stock an "overweight" rating in a research note on Friday, September 5th. Wells Fargo & Company raised their price objective on Broadcom from $255.00 to $345.00 and gave the stock an "equal weight" rating in a research note on Friday, September 5th. Finally, UBS Group set a $415.00 price objective on Broadcom and gave the stock a "buy" rating in a research note on Tuesday, October 14th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $372.52.

Insider Activity at Broadcom

In other Broadcom news, Director Henry Samueli sold 368,797 shares of the firm's stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the transaction, the director directly owned 37,722,534 shares in the company, valued at $12,746,821,463.94. This trade represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark David Brazeal sold 16,558 shares of Broadcom 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 completion of the transaction, the insider owned 329,302 shares in the company, valued at $114,468,668.22. The trade was a 4.79% 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 valued at $1,227,869 and sold 665,271 shares valued at $225,464,248. 2.00% of the stock is currently owned by corporate 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.

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