Broadcom Inc. $AVGO is Epoch Investment Partners Inc.'s 6th Largest Position

Key Points

• Epoch Investment Partners Inc. has decreased its stake in Broadcom by 33.3%, making it the fund's sixth-largest position with holdings worth approximately $274.7 million.
• Large investors are actively trading Broadcom stock, with PARUS FINANCE UK Ltd increasing its stake by 175.3%, indicating significant interest from institutional investors.
• Wall Street analysts show a favorable outlook on Broadcom, with Goldman Sachs reiterating a "buy" rating and setting a target price of $340, while the stock has a consensus rating of "buy" and an average price target of $300.96.

Epoch Investment Partners Inc. cut its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 33.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,640,433 shares of the semiconductor manufacturer's stock after selling 818,232 shares during the quarter. Broadcom makes up about 1.4% of Epoch Investment Partners Inc.'s investment portfolio, making the stock its 6th largest position. Epoch Investment Partners Inc.'s holdings in Broadcom were worth $274,658,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Broadcom by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 477,220,137 shares of the semiconductor manufacturer's stock valued at $79,900,968,000 after purchasing an additional 2,085,534 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of 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 valued at $10,968,270,000 after purchasing an additional 17,985,046 shares during the last quarter. Northern Trust Corp boosted its holdings in Broadcom by 12.0% during the 4th quarter. Northern Trust Corp now owns 49,087,351 shares of the semiconductor manufacturer's stock valued at $11,380,411,000 after acquiring an additional 5,258,925 shares during the period. Nuveen LLC purchased a new stake in Broadcom during the 1st quarter valued at about $6,649,117,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Broadcom by 1.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 34,401,379 shares of the semiconductor manufacturer's stock valued at $7,975,616,000 after acquiring an additional 581,704 shares during the period. 76.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AVGO shares. KeyCorp increased their target price on Broadcom from $315.00 to $330.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Morgan Stanley set a $338.00 target price on Broadcom and gave the company an "overweight" rating in a report on Wednesday, July 30th. UBS Group increased their target price on Broadcom from $290.00 to $345.00 and gave the company a "buy" rating in a report on Monday. Seaport Res Ptn upgraded Broadcom to a "strong-buy" rating in a report on Wednesday, April 30th. Finally, Redburn Atlantic started coverage on Broadcom in a report on Wednesday, May 28th. They set a "buy" rating and a $301.00 target price for the company. Three equities research 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 company's stock. According to MarketBeat, Broadcom currently has an average rating of "Buy" and an average price target of $300.96.

Broadcom Trading Up 0.8%

NASDAQ AVGO traded up $2.24 on Wednesday, hitting $300.25. The company's stock had a trading volume of 13,776,491 shares, compared to its average volume of 18,096,018. Broadcom Inc. has a 52-week low of $134.90 and a 52-week high of $317.35. 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 company's 50-day simple moving average is $285.64 and its 200 day simple moving average is $233.74. The firm has a market cap of $1.41 trillion, a P/E ratio of 112.45, a PEG ratio of 2.12 and a beta of 1.15.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings data on Thursday, June 5th. The semiconductor manufacturer reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.01. Broadcom had a return on equity of 35.49% and a net margin of 22.64%.The business had revenue of $15 billion during the quarter, compared to analysts' expectations of $14.98 billion. During the same quarter last year, the business posted $10.96 EPS. The business's revenue was up 20.2% on a year-over-year basis. Broadcom has set its Q3 2025 guidance at EPS. Research analysts predict that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

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

Insider Buying and Selling

In other news, insider Charlie B. Kawwas sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $252.88, for a total value of $2,528,800.00. Following the completion of the transaction, the insider owned 789,784 shares in the company, valued at $199,720,577.92. This trade represents a 1.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Hock E. Tan sold 117,758 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $252.91, for a total value of $29,782,175.78. Following the completion of the transaction, the chief executive officer owned 1,014,152 shares of the company's stock, valued at approximately $256,489,182.32. The trade was a 10.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 830,516 shares of company stock worth $217,286,457 over the last quarter. 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.