Grand Alliance Asset Management Ltd Has $9.88 Million Stock Holdings in Broadcom Inc. $AVGO

Key Points

• Grand Alliance Asset Management Ltd increased its stake in Broadcom Inc. by 73.5% in Q1, making the stock 11.4% of its portfolio, with holdings valued at approximately $9.88 million.
• Multiple institutional investors, including PARUS FINANCE UK Ltd, boosted their positions in Broadcom, with some firms increasing holdings by as much as 175.3% during the same quarter.
• Broadcom's recent quarterly earnings beat analysts' expectations with an EPS of $1.58, and the company announced a quarterly dividend of $0.59 per share, yielding 0.8%.

Grand Alliance Asset Management Ltd boosted its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 73.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 59,000 shares of the semiconductor manufacturer's stock after buying an additional 25,000 shares during the quarter. Broadcom accounts for 11.4% of Grand Alliance Asset Management Ltd's investment portfolio, making the stock its 6th largest position. Grand Alliance Asset Management Ltd's holdings in Broadcom were worth $9,878,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in AVGO. PARUS FINANCE UK Ltd raised its holdings in shares of Broadcom by 175.3% in the 1st quarter. PARUS FINANCE UK Ltd now owns 100,578 shares of the semiconductor manufacturer's stock valued at $16,840,000 after purchasing an additional 64,038 shares in the last quarter. Keener Financial Planning LLC raised its holdings in shares of Broadcom by 34.8% in the 1st quarter. Keener Financial Planning LLC now owns 890 shares of the semiconductor manufacturer's stock valued at $149,000 after purchasing an additional 230 shares in the last quarter. Diversify Wealth Management LLC raised its holdings in shares of Broadcom by 5.6% in the 1st quarter. Diversify Wealth Management LLC now owns 38,016 shares of the semiconductor manufacturer's stock valued at $6,365,000 after purchasing an additional 2,016 shares in the last quarter. OMNI 360 Wealth Inc. raised its holdings in shares of Broadcom by 51.6% in the 1st quarter. OMNI 360 Wealth Inc. now owns 2,980 shares of the semiconductor manufacturer's stock valued at $499,000 after purchasing an additional 1,014 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings in shares of Broadcom by 1.3% in the 1st quarter. Gamco Investors INC. ET AL now owns 54,406 shares of the semiconductor manufacturer's stock valued at $9,109,000 after purchasing an additional 700 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom Trading Up 0.3%

Shares of NASDAQ AVGO traded up $0.85 during midday trading on Tuesday, reaching $298.24. 19,598,708 shares of the stock were exchanged, compared to its average volume of 25,726,250. The company has a market capitalization of $1.40 trillion, a P/E ratio of 111.70, a P/E/G ratio of 2.11 and a beta of 1.16. 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 stock has a 50 day moving average price of $288.61 and a 200-day moving average price of $235.11.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its earnings results on Thursday, June 5th. The semiconductor manufacturer reported $1.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.57 by $0.01. Broadcom had a net margin of 22.64% and a return on equity of 35.49%. The firm had revenue of $15 billion during the quarter, compared to the consensus estimate of $14.98 billion. During the same period in the previous year, the firm earned $10.96 earnings per share. Broadcom's revenue was up 20.2% compared to the same quarter last year. Broadcom has set its Q3 2025 guidance at EPS. Equities research analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

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

Insider Activity at Broadcom

In related news, CFO Kirsten M. Spears sold 36,350 shares of the company's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $261.27, for a total value of $9,497,164.50. Following the sale, the chief financial officer directly owned 325,587 shares of the company's stock, valued at $85,066,115.49. This represents a 10.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gayla J. Delly sold 3,000 shares of the business's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $265.13, for a total transaction of $795,390.00. Following the sale, the director owned 33,352 shares of the company's stock, valued at approximately $8,842,615.76. The trade was a 8.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold 830,516 shares of company stock valued at $217,286,457 over the last quarter. Company insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Cowen reiterated a "buy" rating on shares of Broadcom in a research note on Friday, June 6th. KeyCorp lifted their price target on shares of Broadcom from $315.00 to $330.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Piper Sandler lifted their price target on shares of Broadcom from $300.00 to $315.00 and gave the stock an "overweight" rating in a research note on Friday, August 22nd. Redburn Atlantic initiated coverage on shares of Broadcom in a research note on Wednesday, May 28th. They set a "buy" rating and a $301.00 price target on the stock. Finally, The Goldman Sachs Group reiterated a "buy" rating and issued a $340.00 price objective on shares of Broadcom in a research note on Wednesday, August 13th. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $302.58.

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.