Benchstone Capital Management LP Takes $28.77 Million Position in Broadcom Inc. $AVGO

Key Points

• Benchstone Capital Management LP has made a new investment in Broadcom Inc., purchasing approximately $28.77 million worth of shares, which represents about 3.1% of its portfolio and positions it as the firm's 16th largest holding.
• Insider trading activity included Broadcom's CFO selling 56,310 shares, reducing their stake by 13.46%, while Director Henry Samueli sold 473,898 shares, decreasing his position by 1.23%.
• Broadcom reported quarterly earnings that exceeded analyst expectations with a 20.2% year-over-year revenue growth, and has a consensus price target of $301.79 from analysts.

Benchstone Capital Management LP acquired a new stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 171,818 shares of the semiconductor manufacturer's stock, valued at approximately $28,767,000. Broadcom accounts for approximately 3.1% of Benchstone Capital Management LP's holdings, making the stock its 16th largest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Barnes Dennig Private Wealth Management LLC bought a new stake in Broadcom in the first quarter valued at approximately $25,000. Cheviot Value Management LLC acquired a new position in shares of Broadcom in the first quarter valued at approximately $25,000. Inlight Wealth Management LLC acquired a new position in shares of Broadcom in the first quarter valued at approximately $26,000. Sunbeam Capital Management LLC acquired a new position in shares of Broadcom in the fourth quarter valued at approximately $28,000. Finally, Vermillion Wealth Management Inc. acquired a new position in shares of Broadcom in the fourth quarter valued at approximately $30,000. Institutional investors own 76.43% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on AVGO shares. HSBC raised Broadcom from a "hold" rating to a "buy" rating and set a $400.00 target price on the stock in a research report on Tuesday, June 24th. Barclays upped their target price on Broadcom from $215.00 to $265.00 and gave the company an "overweight" rating in a research report on Monday, June 9th. Mizuho upped their target price on Broadcom from $315.00 to $320.00 and gave the company an "outperform" rating in a research report on Wednesday, July 16th. Wells Fargo & Company increased their price target on Broadcom from $230.00 to $255.00 and gave the stock an "equal weight" rating in a research report on Friday, June 6th. Finally, Cowen reissued a "buy" rating on shares of Broadcom in a research report on Friday, June 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $301.79.

Insider Transactions at Broadcom

In other Broadcom news, CEO Hock E. Tan sold 40,000 shares of the firm's stock in a transaction 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 sale, the chief executive officer owned 482,836 shares of the company's stock, valued at approximately $129,540,070.44. This trade represents a 7.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Justine Page sold 800 shares of the firm's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $307.46, for a total value of $245,968.00. Following the completion of the sale, the director directly owned 23,782 shares in the company, valued at approximately $7,312,013.72. This represents a 3.25% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 830,516 shares of company stock worth $217,286,457. 2.00% of the stock is owned by insiders.

Broadcom Price Performance

NASDAQ:AVGO traded down $11.26 during trading hours on Monday, reaching $297.39. 21,581,160 shares of the company were exchanged, compared to its average volume of 17,630,644. The company has a market capitalization of $1.40 trillion, a P/E ratio of 111.38, a P/E/G ratio of 2.11 and a beta of 1.16. Broadcom Inc. has a 1-year low of $134.90 and a 1-year high of $317.35. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.08 and a quick ratio of 0.98. The business has a 50 day moving average of $288.61 and a 200 day moving average of $235.11.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its earnings results on Thursday, June 5th. The semiconductor manufacturer reported $1.58 earnings per share for the quarter, beating analysts' consensus estimates of $1.57 by $0.01. The firm had revenue of $15 billion for 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 company's revenue was up 20.2% compared to the same quarter last year. During the same quarter last year, the business posted $10.96 EPS. Broadcom has set its Q3 2025 guidance at EPS. Research analysts forecast that Broadcom Inc. will post 5.38 EPS for the current 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 dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, June 20th. Broadcom's dividend payout ratio (DPR) is currently 88.39%.

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.