Broadcom Inc. $AVGO Position Lifted by Nordea Investment Management AB

Key Points

• Nordea Investment Management AB increased its position in Broadcom Inc. by 13.8% during Q2, now holding approximately $1.88 billion worth of the stock, which makes up 1.7% of their portfolio.
• Broadcom has received multiple analysts' upgrades, with targets now reaching as high as $460, suggesting a significant upside potential for the stock.
• Recently, Broadcom declared a quarterly dividend of $0.59 per share, reflecting a 0.7% yield and a payout ratio of 60.20%.

Nordea Investment Management AB lifted its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 13.8% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,839,082 shares of the semiconductor manufacturer's stock after buying an additional 827,698 shares during the quarter. Broadcom makes up 1.7% of Nordea Investment Management AB's holdings, making the stock its 6th largest holding. Nordea Investment Management AB owned 0.15% of Broadcom worth $1,876,302,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of AVGO. Brighton Jones LLC lifted its stake 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 valued at $6,882,000 after buying an additional 5,322 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of Broadcom by 10.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer's stock valued at $1,854,000 after buying an additional 756 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Broadcom by 9.2% during the 1st quarter. GAMMA Investing LLC now owns 103,184 shares of the semiconductor manufacturer's stock valued at $17,276,000 after buying an additional 8,672 shares in the last quarter. Consolidated Portfolio Review Corp increased its holdings in Broadcom by 5.8% in the 1st quarter. Consolidated Portfolio Review Corp now owns 3,761 shares of the semiconductor manufacturer's stock valued at $630,000 after acquiring an additional 206 shares during the last quarter. Finally, Chevy Chase Trust Holdings LLC increased its holdings in Broadcom by 1.9% in the 1st quarter. Chevy Chase Trust Holdings LLC now owns 2,737,242 shares of the semiconductor manufacturer's stock valued at $458,296,000 after acquiring an additional 52,107 shares during the last quarter. Hedge funds and other institutional investors own 76.43% of the company's stock.

Analyst Ratings Changes

AVGO has been the topic of a number of research reports. Arete Research upgraded shares of Broadcom to a "strong-buy" rating in a report on Monday, July 28th. JPMorgan Chase & Co. lifted their price target on shares of Broadcom from $325.00 to $400.00 and gave the company an "overweight" rating in a report on Friday, September 5th. Sanford C. Bernstein lifted their price target on shares of Broadcom from $295.00 to $400.00 and gave the company an "outperform" rating in a 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. Finally, Mizuho set a $435.00 price target on shares of Broadcom and gave the company an "outperform" rating in a report on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $372.52.

Insider Activity at Broadcom

In related news, insider Charlie B. Kawwas sold 3,893 shares of the company's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the transaction, the insider directly owned 25,295 shares in the company, valued at approximately $8,798,106.90. This represents a 13.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Henry Samueli sold 368,797 shares of the company's stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the transaction, the director owned 37,722,534 shares in the company, valued at $12,746,821,463.94. The trade was a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders purchased 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,464,248. 2.00% of the stock is currently owned by company insiders.

Broadcom Stock Performance

Broadcom stock opened at $340.30 on Thursday. The company's 50-day moving average price is $329.86 and its 200-day moving average price is $272.43. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $374.23. 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 $1.61 trillion, a PE ratio of 86.81, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20.

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

Broadcom Dividend Announcement

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

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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