Broadcom Inc. $AVGO is Breed s Hill Capital LLC's 10th Largest Position

Key Points

• Breed's Hill Capital LLC has reduced its stake in Broadcom Inc. by 6%, holding 24,106 shares, which now represents 2.2% of its portfolio, making it the firm's 10th largest position.
• Broadcom's latest earnings report showed an EPS of $1.58, slightly exceeding analyst expectations, with revenue increasing by 20.2% year-over-year, reaching $15 billion.
• Recent analysts' ratings indicate a consensus of "Buy" with an average target price of $295.96, reflecting optimism about Broadcom's growth prospects.

Breed s Hill Capital LLC lessened its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 6.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,106 shares of the semiconductor manufacturer's stock after selling 1,533 shares during the quarter. Broadcom makes up about 2.2% of Breed s Hill Capital LLC's holdings, making the stock its 10th biggest holding. Breed s Hill Capital LLC's holdings in Broadcom were worth $4,036,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Capital Analysts LLC lifted its position in shares of Broadcom by 1.6% in the 1st quarter. Capital Analysts LLC now owns 89,346 shares of the semiconductor manufacturer's stock valued at $14,960,000 after acquiring an additional 1,421 shares in the last quarter. Erste Asset Management GmbH increased its stake in Broadcom by 7.1% in the 1st quarter. Erste Asset Management GmbH now owns 526,342 shares of the semiconductor manufacturer's stock valued at $89,031,000 after buying an additional 34,700 shares during the period. Decatur Capital Management Inc. increased its stake in Broadcom by 8.1% in the 1st quarter. Decatur Capital Management Inc. now owns 33,425 shares of the semiconductor manufacturer's stock valued at $5,596,000 after buying an additional 2,508 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Broadcom by 47.6% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 760,816 shares of the semiconductor manufacturer's stock valued at $127,232,000 after buying an additional 245,428 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. increased its stake in shares of Broadcom by 41.0% during the 1st quarter. Van Lanschot Kempen Investment Management N.V. now owns 330,167 shares of the semiconductor manufacturer's stock worth $55,280,000 after purchasing an additional 96,077 shares during the last quarter. Hedge funds and other institutional investors own 76.43% of the company's stock.

Broadcom Stock Performance

NASDAQ:AVGO opened at $294.91 on Wednesday. Broadcom Inc. has a 1 year low of $134.90 and a 1 year high of $317.35. The firm's fifty day simple moving average is $280.51 and its 200 day simple moving average is $230.93. The company has a current ratio of 1.08, a quick ratio of 0.98 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $1.39 trillion, a PE ratio of 110.45, a PEG ratio of 2.17 and a beta of 1.15.

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

Broadcom Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 20th were paid a $0.59 dividend. 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 dividend payout ratio (DPR) is presently 88.39%.

Insiders Place Their Bets

In related news, insider Mark David Brazeal sold 50,000 shares of the firm's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $253.28, for a total value of $12,664,000.00. Following the transaction, the insider directly owned 415,956 shares in the company, valued at approximately $105,353,335.68. This trade represents a 10.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Henry Samueli sold 473,898 shares of the stock in a transaction on 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 completion of the sale, the director directly owned 38,188,575 shares of the company's stock, valued at approximately $10,132,574,604.75. This trade represents a 1.23% 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 in the last ninety days. 2.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AVGO. Citigroup increased their price target on shares of Broadcom from $285.00 to $315.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Morgan Stanley set a $338.00 price target on shares of Broadcom and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Rosenblatt Securities increased their price target on shares of Broadcom from $223.00 to $340.00 and gave the stock a "buy" rating in a research note on Friday, June 6th. Seaport Res Ptn upgraded shares of Broadcom to a "strong-buy" rating in a research note on Wednesday, April 30th. Finally, Evercore ISI restated an "outperform" rating and set a $304.00 price target (up previously from $267.00) on shares of Broadcom in a research note 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 assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $295.96.

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.

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