Broadcom Inc. $AVGO is Robeco Institutional Asset Management B.V.'s 10th Largest Position

Key Points

• Robeco Institutional Asset Management B.V. has increased its holdings in Broadcom Inc. (NASDAQ:AVGO) by 4.9% during the second quarter, making it the firm's 10th largest position.
• Broadcom reported $15.95 billion in revenue for the last quarter, exceeding analysts' estimates and marking a 22% year-over-year increase.
• The company's stock has a market capitalization of $1.60 trillion and boasts a dividend yield of 0.7%, with an annualized dividend of $2.36.

Robeco Institutional Asset Management B.V. lifted its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 4.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,436,613 shares of the semiconductor manufacturer's stock after purchasing an additional 161,265 shares during the quarter. Broadcom comprises approximately 1.5% of Robeco Institutional Asset Management B.V.'s holdings, making the stock its 10th largest holding. Robeco Institutional Asset Management B.V. owned approximately 0.07% of Broadcom worth $947,302,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sawyer & Company Inc lifted its position in Broadcom by 62.1% during the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock worth $26,000 after acquiring an additional 36 shares in the last quarter. Legend Financial Advisors Inc. acquired a new position in Broadcom during the 2nd quarter worth approximately $28,000. Maseco LLP acquired a new position in Broadcom during the 2nd quarter worth approximately $34,000. PFS Partners LLC lifted its position in Broadcom by 38.4% during the 2nd quarter. PFS Partners LLC now owns 137 shares of the semiconductor manufacturer's stock worth $38,000 after acquiring an additional 38 shares in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in Broadcom during the 1st quarter worth approximately $25,000. 76.43% of the stock is owned by institutional investors and hedge funds.

Broadcom Price Performance

Shares of AVGO opened at $338.37 on Monday. The company has a market cap of $1.60 trillion, a P/E ratio of 86.32, a PEG ratio of 1.87 and a beta of 1.20. The stock has a fifty day moving average price of $318.43 and a 200 day moving average price of $258.24. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $374.23.

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

Broadcom Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were paid a $0.59 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. Broadcom's dividend payout ratio is presently 60.20%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. UBS Group upped their target price on Broadcom from $290.00 to $345.00 and gave the company a "buy" rating in a research report on Monday, August 25th. Rosenblatt Securities upped their target price on Broadcom from $340.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, September 5th. Wall Street Zen raised Broadcom from a "hold" rating to a "buy" rating in a research report on Saturday, September 6th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Broadcom in a research report on Saturday, September 27th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Broadcom from $300.00 to $350.00 and gave the company a "buy" rating in a research report on Friday, September 5th. Three research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $357.22.

Insider Buying and Selling

In other news, CFO Kirsten M. Spears sold 7,498 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total value of $2,606,754.68. Following the completion of the transaction, the chief financial officer owned 313,330 shares of the company's stock, valued at approximately $108,932,307.80. This represents a 2.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Charlie B. Kawwas sold 3,893 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total value of $1,354,063.26. Following the completion of the transaction, the insider directly owned 25,295 shares of the company's stock, valued at approximately $8,798,106.90. The trade was a 13.34% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 3,550 shares of company stock valued at $1,227,869 and have sold 666,071 shares valued at $225,623,008. 2.00% of the stock is owned by company insiders.

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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