BDF Gestion Reduces Stock Position in Broadcom Inc. $AVGO

Key Points

• BDF Gestion has reduced its stake in Broadcom Inc. by 1.3%, now holding 120,968 shares, which represent approximately 3.7% of its portfolio.
• Broadcom reported strong quarterly earnings, with $1.69 EPS and revenue of $15.95 billion, exceeding analyst expectations.
• The company announced a quarterly dividend of $0.59 per share, with the next payment scheduled for September 30th.

BDF Gestion decreased its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 1.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 120,968 shares of the semiconductor manufacturer's stock after selling 1,604 shares during the quarter. Broadcom makes up about 3.7% of BDF Gestion's holdings, making the stock its 5th biggest position. BDF Gestion's holdings in Broadcom were worth $33,345,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AVGO. Brighton Jones LLC grew its position in Broadcom by 21.8% in the fourth quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer's stock worth $6,882,000 after acquiring an additional 5,322 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in Broadcom by 10.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer's stock valued at $1,854,000 after purchasing an additional 756 shares during the period. Bank Pictet & Cie Europe AG boosted its holdings in Broadcom by 16.4% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 221,199 shares of the semiconductor manufacturer's stock valued at $51,283,000 after purchasing an additional 31,225 shares during the period. Invst LLC boosted its holdings in Broadcom by 2.2% in the 4th quarter. Invst LLC now owns 3,091 shares of the semiconductor manufacturer's stock valued at $717,000 after purchasing an additional 67 shares during the period. Finally, Vermillion Wealth Management Inc. bought a new stake in Broadcom in the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 76.43% of the company's stock.

Broadcom Stock Down 1.8%

Shares of Broadcom stock traded down $6.15 during trading on Monday, reaching $338.79. 28,599,739 shares of the company traded hands, compared to its average volume of 29,009,098. The firm has a market capitalization of $1.60 trillion, a PE ratio of 86.43, a P/E/G ratio of 1.91 and a beta of 1.16. The company has a 50 day moving average price of $308.05 and a 200-day moving average price of $248.20. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $374.23. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.66 by $0.03. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The business had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.82 billion. During the same period in the prior year, the firm posted $1.24 EPS. The firm's quarterly revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities research analysts expect 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 will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd will be given a dividend of $0.59 per share. The ex-dividend date is Monday, September 22nd. This represents a $2.36 annualized dividend and a yield of 0.7%. Broadcom's payout ratio is presently 60.20%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. KeyCorp lifted their price objective on Broadcom from $330.00 to $400.00 and gave the company an "overweight" rating in a report on Friday, September 5th. Morgan Stanley lifted their price target on shares of Broadcom from $338.00 to $357.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 2nd. Benchmark increased their target price on Broadcom from $315.00 to $385.00 and gave the stock a "buy" rating in a report on Friday, September 5th. HSBC raised shares of Broadcom from a "hold" rating to a "buy" rating and set a $400.00 price objective on the stock in a research report on Tuesday, June 24th. Finally, Arete Research raised shares of Broadcom to a "strong-buy" rating in a research report on Monday, July 28th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Broadcom currently has a consensus rating of "Buy" and an average target price of $356.48.

Insider Buying and Selling at Broadcom

In other Broadcom news, insider Mark David Brazeal sold 16,558 shares of Broadcom stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the completion of the sale, the insider directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Justine Page sold 800 shares of Broadcom stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $360.00, for a total transaction of $288,000.00. Following the transaction, the director directly owned 22,982 shares in the company, valued at $8,273,520. This trade represents a 3.36% 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 790,522 shares valued at $224,295,124. Company insiders own 2.00% of the company's stock.

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.