Baird Financial Group Inc. Has $341.28 Million Holdings in Broadcom Inc. $AVGO

Key Points

• Baird Financial Group Inc. increased its investment in Broadcom Inc. to $341.28 million, acquiring over 2 million shares in the company during the first quarter.
• Insider transactions showed significant sales, with CFO Kirsten M. Spears selling 56,310 shares and another insider, Mark David Brazeal, selling 50,000 shares, indicating a decline in their ownership stakes.
• Broadcom's stock has been performing well, with a recent opening price of $297.39, and it reported a revenue of $15 billion for its last quarter, showing a 20.2% increase year-over-year.

Baird Financial Group Inc. grew its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 4.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,038,320 shares of the semiconductor manufacturer's stock after buying an additional 82,110 shares during the period. Baird Financial Group Inc.'s holdings in Broadcom were worth $341,276,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Broadcom by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 477,220,137 shares of the semiconductor manufacturer's stock valued at $79,900,968,000 after purchasing an additional 2,085,534 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Broadcom by 37.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer's stock worth $10,968,270,000 after purchasing an additional 17,985,046 shares in the last quarter. Nuveen LLC acquired a new position in shares of Broadcom during the 1st quarter worth approximately $6,649,117,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Broadcom by 1.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 34,401,379 shares of the semiconductor manufacturer's stock valued at $7,975,616,000 after acquiring an additional 581,704 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Broadcom by 3.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 33,852,310 shares of the semiconductor manufacturer's stock valued at $5,668,134,000 after acquiring an additional 1,043,948 shares during the period. Institutional investors own 76.43% of the company's stock.

Broadcom Trading Up 0.3%

Shares of AVGO traded up $0.78 during mid-day trading on Tuesday, reaching $298.17. 16,390,008 shares of the company were exchanged, compared to its average volume of 25,699,363. Broadcom Inc. has a 52 week low of $134.90 and a 52 week high of $317.35. 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 stock has a market capitalization of $1.40 trillion, a PE ratio of 111.67, a PEG ratio of 2.11 and a beta of 1.16. The business has a 50 day simple moving average of $288.61 and a two-hundred day simple moving average of $235.11.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings data on Thursday, June 5th. The semiconductor manufacturer reported $1.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.57 by $0.01. The company had revenue of $15 billion during the quarter, compared to the consensus estimate of $14.98 billion. Broadcom had a return on equity of 35.49% and a net margin of 22.64%.The firm's revenue was up 20.2% compared to the same quarter last year. During the same period last year, the company earned $10.96 earnings per share. Broadcom has set its Q3 2025 guidance at EPS. On average, analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 20th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, June 20th. Broadcom's payout ratio is presently 88.39%.

Insiders Place Their Bets

In other Broadcom news, Director Henry Samueli sold 473,898 shares of Broadcom stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $265.33, for a total value of $125,739,356.34. Following the completion of the sale, the director directly owned 38,188,575 shares in the company, valued at approximately $10,132,574,604.75. The trade was a 1.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Hock E. Tan sold 40,000 shares of Broadcom stock in a transaction that occurred on 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 830,516 shares of company stock valued at $217,286,457 in the last 90 days. Company insiders own 2.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on AVGO shares. Cowen reaffirmed a "buy" rating on shares of Broadcom in a report on Friday, June 6th. Arete Research upgraded Broadcom to a "strong-buy" rating in a research report on Monday, July 28th. Susquehanna increased their target price on Broadcom from $280.00 to $300.00 and gave the company a "positive" rating in a research report on Friday, June 6th. Erste Group Bank upgraded Broadcom from a "hold" rating to a "buy" rating in a research report on Thursday, June 5th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $300.00 target price on shares of Broadcom in a research report on Friday, June 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, Broadcom has a consensus rating of "Buy" and an average target price of $302.58.

Broadcom 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.