Broadcom Inc. $AVGO is Tree Line Advisors Hong Kong Ltd.'s 5th Largest Position

Key Points

• Tree Line Advisors Hong Kong Ltd. reduced its stake in Broadcom by 39.0%, now holding 180,000 shares, which represents 7.5% of its total investments, making it the firm's fifth largest position.
• Broadcom's CFO Kirsten M. Spears sold over 56,000 shares valued at about $14.2 million, leading to a 13.46% decrease in her ownership stake in the company.
• Analysts have upgraded Broadcom’s stock ratings, with many projecting a consensus "Buy" rating and a price target averaging around $295.96, reflecting positive outlooks for the company’s future performance.

Tree Line Advisors Hong Kong Ltd. cut its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 39.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 180,000 shares of the semiconductor manufacturer's stock after selling 115,000 shares during the period. Broadcom accounts for 7.5% of Tree Line Advisors Hong Kong Ltd.'s holdings, making the stock its 5th largest position. Tree Line Advisors Hong Kong Ltd.'s holdings in Broadcom were worth $30,137,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Broadcom in the first quarter valued at about $25,000. Cheviot Value Management LLC purchased a new position in Broadcom in the 1st quarter worth approximately $25,000. Inlight Wealth Management LLC acquired a new position in shares of Broadcom during the 1st quarter worth approximately $26,000. Sunbeam Capital Management LLC purchased a new stake in shares of Broadcom in the fourth quarter valued at approximately $28,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in shares of Broadcom in the fourth quarter valued at approximately $30,000. 76.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Broadcom

In other Broadcom news, CFO Kirsten M. Spears sold 56,310 shares of the stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $251.75, for a total value of $14,176,042.50. Following the transaction, the chief financial officer directly owned 361,937 shares in the company, valued at $91,117,639.75. This represents a 13.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mark David Brazeal sold 50,000 shares of the firm's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $253.28, for a total transaction of $12,664,000.00. Following the sale, the insider directly owned 415,956 shares in the company, valued at approximately $105,353,335.68. The trade was a 10.73% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 830,516 shares of company stock worth $217,286,457. Corporate insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Erste Group Bank upgraded Broadcom from a "hold" rating to a "buy" rating in a report on Thursday, June 5th. Rosenblatt Securities lifted their price target on shares of Broadcom from $223.00 to $340.00 and gave the company a "buy" rating in a research report on Friday, June 6th. Morgan Stanley set a $338.00 price objective on Broadcom and gave the company an "overweight" rating in a report on Wednesday, July 30th. Wall Street Zen raised Broadcom from a "hold" rating to a "buy" rating in a research note on Sunday. Finally, Evercore ISI reaffirmed an "outperform" rating and issued 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 given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $295.96.

Broadcom Stock Down 1.3%

Shares of NASDAQ AVGO opened at $291.17 on Thursday. The stock has a market cap of $1.37 trillion, a P/E ratio of 109.05, a PEG ratio of 2.10 and a beta of 1.15. The business's fifty day simple moving average is $281.27 and its 200-day simple moving average is $231.35. Broadcom Inc. has a 12-month low of $134.90 and a 12-month 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.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $15 billion for the quarter, compared to the consensus estimate of $14.98 billion. Broadcom had a return on equity of 35.49% and a net margin of 22.64%.Broadcom's revenue was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $10.96 EPS. Broadcom has set its Q3 2025 guidance at EPS. As a group, equities analysts predict that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 20th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, June 20th. Broadcom's dividend payout ratio is 88.39%.

About Broadcom

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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