Broadcom Inc. $AVGO Stock Position Boosted by Benchmark Investment Advisors LLC

Key Points

• Benchmark Investment Advisors LLC increased its stake in Broadcom Inc. by 27.4% during the 1st quarter, owning 32,213 shares valued at approximately $5.39 million.
• Wall Street analysts have raised their price targets for Broadcom, with estimates now ranging up to $325, indicating a consensus rating of "Buy" for the stock.
• The company recently declared a quarterly dividend of $0.59 per share, representing an annualized yield of 0.8%.

Benchmark Investment Advisors LLC increased its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 27.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,213 shares of the semiconductor manufacturer's stock after purchasing an additional 6,924 shares during the period. Broadcom makes up 3.5% of Benchmark Investment Advisors LLC's holdings, making the stock its 5th biggest position. Benchmark Investment Advisors LLC's holdings in Broadcom were worth $5,393,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AVGO. Nuveen LLC acquired a new stake in Broadcom during the first quarter valued at $6,649,117,000. Price T Rowe Associates Inc. MD grew its position in Broadcom by 37.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer's stock valued at $10,968,270,000 after buying an additional 17,985,046 shares during the period. GAMMA Investing LLC grew its position in Broadcom by 18,179.3% during the first quarter. GAMMA Investing LLC now owns 17,276,164 shares of the semiconductor manufacturer's stock valued at $2,892,548,000 after buying an additional 17,181,652 shares during the period. Goldman Sachs Group Inc. grew its position in Broadcom by 16.7% during 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 buying an additional 4,550,647 shares during the period. Finally, Deutsche Bank AG grew its position in Broadcom by 36.9% during the first quarter. Deutsche Bank AG now owns 15,758,895 shares of the semiconductor manufacturer's stock valued at $2,638,512,000 after buying an additional 4,245,345 shares during the period. Institutional investors and hedge funds own 76.43% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on AVGO shares. Arete Research upgraded shares of Broadcom to a "strong-buy" rating in a research report on Monday, July 28th. Barclays raised their price target on shares of Broadcom from $215.00 to $265.00 and gave the company an "overweight" rating in a research report on Monday, June 9th. Citigroup raised their price target on shares of Broadcom from $285.00 to $315.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Cantor Fitzgerald restated an "overweight" rating and set a $300.00 price target on shares of Broadcom in a research report on Friday, June 6th. Finally, Bank of America lifted their target price on shares of Broadcom from $240.00 to $300.00 and gave the company a "buy" rating 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 given a Hold rating to the company. According to data from MarketBeat, Broadcom presently has a consensus rating of "Buy" and a consensus price target of $301.79.

Insider Activity

In related news, Director Henry Samueli sold 473,898 shares of the business's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $265.33, for a total transaction of $125,739,356.34. Following the transaction, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Charlie B. Kawwas sold 10,000 shares of the business's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $252.88, for a total transaction of $2,528,800.00. Following the transaction, the insider owned 789,784 shares in the company, valued at $199,720,577.92. The trade was a 1.25% 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 ninety days. 2.00% of the stock is currently owned by corporate insiders.

Broadcom Price Performance

Shares of NASDAQ AVGO traded down $11.26 during trading on Friday, hitting $297.39. The company had a trading volume of 21,581,160 shares, compared to its average volume of 17,630,644. The stock has a fifty day simple moving average of $287.74 and a two-hundred day simple moving average of $234.66. Broadcom Inc. has a fifty-two week low of $134.90 and a fifty-two week high of $317.35. The firm has a market capitalization of $1.40 trillion, a price-to-earnings ratio of 111.38, a price-to-earnings-growth ratio of 2.11 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.

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

Broadcom Dividend Announcement

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

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.