Banque Transatlantique SA Buys 191,351 Shares of Broadcom Inc. $AVGO

Key Points

• Banque Transatlantique SA increased its stake in Broadcom Inc. by 683.5% in Q1, owning 219,348 shares valued at $33.9 million, making it the firm's 28th largest holding.
• In addition to Banque Transatlantique, other institutional investors like Alliancebernstein and AQR Capital increased their positions in Broadcom, resulting in 76.43% of the stock being owned by institutional investors and hedge funds.
• Analysts have raised their price targets for Broadcom, with Mizuho projecting $320.00 and Bank of America setting a target of $300.00, reflecting a generally positive outlook for the stock's performance.

Banque Transatlantique SA boosted its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 683.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 219,348 shares of the semiconductor manufacturer's stock after buying an additional 191,351 shares during the period. Broadcom makes up about 0.6% of Banque Transatlantique SA's holdings, making the stock its 28th biggest position. Banque Transatlantique SA's holdings in Broadcom were worth $33,939,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in Broadcom in the 1st quarter valued at about $6,649,117,000. Price T Rowe Associates Inc. MD increased its position in 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. GAMMA Investing LLC boosted its position in shares of Broadcom by 18,179.3% in the first quarter. GAMMA Investing LLC now owns 17,276,164 shares of the semiconductor manufacturer's stock worth $2,892,548,000 after buying an additional 17,181,652 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Broadcom by 16.7% in the first quarter. Goldman Sachs Group Inc. now owns 31,854,414 shares of the semiconductor manufacturer's stock valued at $5,333,384,000 after purchasing an additional 4,550,647 shares during the period. Finally, Deutsche Bank AG raised its position in shares of Broadcom by 36.9% in the 1st quarter. Deutsche Bank AG now owns 15,758,895 shares of the semiconductor manufacturer's stock valued at $2,638,512,000 after purchasing an additional 4,245,345 shares in the last quarter. 76.43% of the stock is owned by hedge funds and other institutional investors.

Broadcom Stock Performance

Broadcom stock traded up $28.79 on Friday, hitting $334.89. The company's stock had a trading volume of 78,318,626 shares, compared to its average volume of 17,635,120. Broadcom Inc. has a one year low of $134.90 and a one year high of $356.34. The firm has a market cap of $1.58 trillion, a P/E ratio of 85.43, a price-to-earnings-growth ratio of 2.17 and a beta of 1.16. The company has a quick ratio of 0.98, a current ratio of 1.08 and a debt-to-equity ratio of 0.89. The company has a fifty day moving average price of $292.09 and a 200-day moving average price of $237.25.

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 analysts' consensus estimates of $1.66 by $0.03. Broadcom had a net margin of 31.59% and a return on equity of 37.17%. The business had revenue of $15.95 billion for the quarter, compared to analysts' expectations of $15.82 billion. During the same quarter in the previous year, the firm posted $1.24 earnings per share. The firm's revenue for the quarter was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. On average, equities analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

The business also recently disclosed 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. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, September 22nd. Broadcom's dividend payout ratio is currently 88.39%.

Insider Activity

In other news, Director Henry Samueli sold 473,898 shares of Broadcom stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $265.33, for a total value of $125,739,356.34. Following the completion of the transaction, the director 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kirsten M. Spears sold 56,310 shares of the firm's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $251.75, for a total value of $14,176,042.50. Following the completion of the sale, the chief financial officer owned 361,937 shares of the company's stock, valued at approximately $91,117,639.75. This trade represents a 13.46% 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 worth $217,286,457 over the last ninety days. Corporate insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on AVGO shares. Susquehanna upped their target price on Broadcom from $280.00 to $300.00 and gave the company a "positive" rating in a report on Friday, June 6th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Broadcom from $300.00 to $350.00 and gave the stock a "buy" rating in a research note on Friday. Rosenblatt Securities increased their price objective on Broadcom from $340.00 to $400.00 and gave the stock a "buy" rating in a report on Friday. Sanford C. Bernstein lifted their price objective on shares of Broadcom from $295.00 to $400.00 and gave the company an "outperform" rating in a research note on Friday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Broadcom from $325.00 to $400.00 and gave the stock 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 given a Hold rating to the company. According to data from MarketBeat.com, Broadcom currently has a consensus rating of "Buy" and a consensus price target of $351.00.

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.