IFM Investors Pty Ltd Raises Holdings in Broadcom Inc. $AVGO

Key Points

• IFM Investors Pty Ltd raised its stake in Broadcom Inc. by 4.1% in Q2, making it the firm's 6th largest holding, valued at approximately $241.7 million.
• Broadcom recently reported $1.69 earnings per share, surpassing analysts' expectations, with Q3 revenue increasing by 22% year-over-year.
• The company announced a quarterly dividend of $0.59 per share, marking an annualized yield of 0.7% with a payout ratio of 60.20%.

IFM Investors Pty Ltd increased its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 4.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 876,992 shares of the semiconductor manufacturer's stock after buying an additional 34,251 shares during the quarter. Broadcom comprises about 2.3% of IFM Investors Pty Ltd's investment portfolio, making the stock its 6th biggest position. IFM Investors Pty Ltd's holdings in Broadcom were worth $241,743,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Sawyer & Company Inc raised its position in shares of Broadcom by 62.1% in the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock worth $26,000 after buying an additional 36 shares during the period. Waddell & Associates LLC raised its position in shares of Broadcom by 2.1% in the 1st quarter. Waddell & Associates LLC now owns 2,091 shares of the semiconductor manufacturer's stock worth $350,000 after buying an additional 43 shares during the period. Challenger Wealth Management raised its position in shares of Broadcom by 1.3% in the 1st quarter. Challenger Wealth Management now owns 3,504 shares of the semiconductor manufacturer's stock worth $587,000 after buying an additional 45 shares during the period. High Net Worth Advisory Group LLC raised its position in shares of Broadcom by 1.7% in the 2nd quarter. High Net Worth Advisory Group LLC now owns 2,671 shares of the semiconductor manufacturer's stock worth $736,000 after buying an additional 45 shares during the period. Finally, Wescott Financial Advisory Group LLC raised its position in shares of Broadcom by 3.8% in the 1st quarter. Wescott Financial Advisory Group LLC now owns 1,326 shares of the semiconductor manufacturer's stock worth $222,000 after buying an additional 48 shares during the period. 76.43% of the stock is owned by hedge funds and other institutional investors.

Broadcom Stock Up 0.2%

Shares of Broadcom stock traded up $0.76 during trading hours on Tuesday, hitting $339.55. 9,465,488 shares of the company's stock traded hands, compared to its average volume of 26,373,289. The stock has a 50 day simple moving average of $309.32 and a 200-day simple moving average of $249.20. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. The company has a market cap of $1.60 trillion, a PE ratio of 86.34, a PEG ratio of 1.91 and a beta of 1.16. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $374.23.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.03. The company had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The company's revenue was up 22.0% on a year-over-year basis. During the same period last year, the firm earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. Equities research analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd will be paid a dividend of $0.59 per share. The ex-dividend date is Monday, September 22nd. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. Broadcom's dividend payout ratio (DPR) is currently 60.20%.

Insider Activity at Broadcom

In other news, Director Justine Page sold 800 shares of the firm's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $360.00, for a total transaction of $288,000.00. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kirsten M. Spears sold 7,498 shares of the firm's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.66, for a total value of $2,606,754.68. Following the sale, the chief financial officer owned 313,330 shares of the company's stock, valued at $108,932,307.80. This represents a 2.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 3,550 shares of company stock valued at $1,227,869 and sold 714,172 shares valued at $204,311,160. Insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Wells Fargo & Company increased their target price on Broadcom from $255.00 to $345.00 and gave the stock an "equal weight" rating in a research report on Friday, September 5th. Oppenheimer reiterated an "outperform" rating and issued a $360.00 price target (up from $325.00) on shares of Broadcom in a report on Friday, September 5th. Benchmark increased their price target on Broadcom from $315.00 to $385.00 and gave the company a "buy" rating in a report on Friday, September 5th. Mizuho increased their price target on Broadcom from $355.00 to $410.00 and gave the company an "outperform" rating in a report on Friday, September 12th. Finally, Cowen reiterated a "buy" rating on shares of Broadcom in a report on Friday, June 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of $356.48.

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.