Broadcom Inc. $AVGO is PensionDanmark Pensionsforsikringsaktieselskab's 7th Largest Position

PensionDanmark Pensionsforsikringsaktieselskab lifted its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 0.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 865,698 shares of the semiconductor manufacturer's stock after buying an additional 7,921 shares during the period. Broadcom makes up 2.7% of PensionDanmark Pensionsforsikringsaktieselskab's holdings, making the stock its 7th biggest position. PensionDanmark Pensionsforsikringsaktieselskab's holdings in Broadcom were worth $327,017,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of Broadcom by 21.8% during the 4th quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer's stock worth $6,882,000 after purchasing an additional 5,322 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in Broadcom by 10.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer's stock worth $1,854,000 after buying an additional 756 shares in the last quarter. United Bank boosted its stake in Broadcom by 76.5% during the first quarter. United Bank now owns 2,339 shares of the semiconductor manufacturer's stock worth $392,000 after buying an additional 1,014 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in Broadcom by 10.1% during the second quarter. Sivia Capital Partners LLC now owns 12,693 shares of the semiconductor manufacturer's stock worth $3,499,000 after buying an additional 1,160 shares during the last quarter. Finally, Capital & Planning LLC grew its holdings in Broadcom by 10.5% in the 2nd quarter. Capital & Planning LLC now owns 3,983 shares of the semiconductor manufacturer's stock valued at $1,098,000 after buying an additional 378 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on AVGO. Evercore reiterated an "outperform" rating and set a $582.00 price target on shares of Broadcom in a report on Tuesday, May 19th. Benchmark upped their price objective on shares of Broadcom from $485.00 to $545.00 and gave the company a "buy" rating in a report on Thursday, June 4th. Truist Financial raised their price objective on shares of Broadcom from $545.00 to $550.00 and gave the stock a "buy" rating in a research report on Thursday, June 4th. Jefferies Financial Group set a $550.00 target price on shares of Broadcom and gave the company a "buy" rating in a report on Thursday, June 4th. Finally, TD Cowen restated a "buy" rating and set a $500.00 price target on shares of Broadcom in a report on Thursday, June 4th. Twenty-eight analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $493.24.

Broadcom Trading Up 0.5%

Shares of AVGO stock opened at $420.57 on Friday. Broadcom Inc. has a 1-year low of $281.87 and a 1-year high of $495.00. The firm has a market cap of $2.00 trillion, a PE ratio of 70.10, a price-to-earnings-growth ratio of 0.80 and a beta of 1.45. The company has a 50-day moving average of $393.37 and a two-hundred day moving average of $370.05. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.24 and a quick ratio of 2.01.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 EPS for the quarter, topping analysts' consensus estimates of $2.40 by $0.04. Broadcom had a return on equity of 41.61% and a net margin of 38.85%.The company had revenue of $22.19 billion for the quarter, compared to analysts' expectations of $22.13 billion. During the same period in the prior year, the firm earned $1.58 earnings per share. The firm's revenue was up 47.9% compared to the same quarter last year. On average, analysts predict that Broadcom Inc. will post 10.24 EPS for the current year.

Broadcom Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 22nd were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $2.60 annualized dividend and a yield of 0.6%. Broadcom's dividend payout ratio is presently 43.33%.

Insider Transactions at Broadcom

In other news, insider Mark David Brazeal sold 25,000 shares of the stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $401.33, for a total transaction of $10,033,250.00. Following the sale, the insider owned 194,989 shares of the company's stock, valued at approximately $78,254,935.37. This represents a 11.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Justine Page sold 1,602 shares of the firm's stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $373.86, for a total transaction of $598,923.72. Following the completion of the transaction, the director directly owned 17,426 shares of the company's stock, valued at approximately $6,514,884.36. The trade was a 8.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 61,644 shares of company stock valued at $24,016,214. Insiders own 1.90% of the company's stock.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom is viewed as a major beneficiary of the shift toward custom AI chips. Its application-specific integrated circuits, networking silicon and optical-connectivity products are increasingly important to hyperscalers building large AI data centers, supporting expectations for significant earnings growth through 2027. Broadcom Is Down 20% From Its All-Time High. Here's Why It's a Screaming Bargain.
• Positive Sentiment: Record semiconductor and AI-chip demand is keeping Broadcom in focus, while analysts and market commentators describe the stock as approaching a technical breakout. The broader semiconductor rally and strong AI infrastructure spending are providing a favorable sector backdrop. Why Is Broadcom in Focus as AI Chips Set Records?
• Positive Sentiment: Broadcom introduced new VMware vDefend and Avi Load Balancer capabilities designed to improve cybersecurity, performance and operational efficiency in private-cloud environments. The updates could strengthen its infrastructure-software offering as enterprises prepare for AI workloads. Broadcom Enables Enterprises to Strengthen Multi-Layer Cyber Defense
• Neutral Sentiment: Articles comparing Broadcom with Microsoft, AMD and Nvidia highlight its strategic position in AI infrastructure, but also show that investors are weighing different ways to gain AI exposure rather than responding to a new company-specific financial catalyst. Microsoft vs. Broadcom: Two AI Powerhouses, One Better Investment
• Negative Sentiment: Potential U.S. restrictions on Chinese AI components and optical transceivers could create supply-chain bottlenecks, raise deployment costs and delay data-center projects. Although domestic suppliers may benefit over time, Broadcom could face near-term uncertainty because its chips and networking components are part of the interconnected supply chain. Broadcom, Marvell and Nvidia Could Feel the Impact of a China AI Component Ban
• Negative Sentiment: Broadcom’s strong AI outlook is already reflected in a premium valuation, leaving the stock vulnerable to profit-taking if growth expectations, customer spending or supply capacity disappoint. Competition from Marvell, Astera Labs and other custom-chip vendors is another risk. Broadcom Valuation and Growth Outlook

Broadcom Company Profile

Broadcom Inc NASDAQ: AVGO is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company's semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.

On the semiconductor side, Broadcom's portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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