Broadcom Inc. $AVGO is E. Ohman J or Asset Management AB's 6th Largest Position

Key Points

• E. Ohman J or Asset Management AB increased its stake in Broadcom Inc. by 30.4% during Q2, owning 490,596 shares valued at approximately $135 million.
• CEO Hock E. Tan sold 148,154 shares of Broadcom for about $49.9 million, resulting in a 15.21% decrease in his ownership.
• Broadcom's recent quarterly earnings report showed $1.69 EPS and revenue of $15.95 billion, beating estimates and indicating a 22.0% year-over-year revenue growth.

E. Ohman J or Asset Management AB grew its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 30.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 490,596 shares of the semiconductor manufacturer's stock after acquiring an additional 114,236 shares during the quarter. Broadcom accounts for approximately 3.4% of E. Ohman J or Asset Management AB's investment portfolio, making the stock its 6th biggest position. E. Ohman J or Asset Management AB's holdings in Broadcom were worth $135,233,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Broadcom by 0.4% during the first quarter. Vanguard Group Inc. now owns 477,220,137 shares of the semiconductor manufacturer's stock worth $79,900,968,000 after purchasing an additional 2,085,534 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Broadcom by 37.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer's stock worth $10,968,270,000 after purchasing an additional 17,985,046 shares during the period. Nuveen LLC bought a new stake in Broadcom during the first quarter worth about $6,649,117,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Broadcom by 2.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 35,243,467 shares of the semiconductor manufacturer's stock worth $5,900,814,000 after purchasing an additional 842,088 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Broadcom by 1.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 34,401,379 shares of the semiconductor manufacturer's stock worth $7,975,616,000 after purchasing an additional 581,704 shares during the period. Institutional investors own 76.43% of the company's stock.

Broadcom Trading Up 1.2%

NASDAQ:AVGO traded up $4.22 on Monday, reaching $364.09. 21,285,107 shares of the stock traded hands, compared to its average volume of 25,785,228. The firm has a market capitalization of $1.72 trillion, a price-to-earnings ratio of 92.88, a price-to-earnings-growth ratio of 1.99 and a beta of 1.16. The company's 50 day moving average is $302.11 and its 200-day moving average is $243.65. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $374.23.

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

Broadcom Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 22nd will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Monday, September 22nd. Broadcom's dividend payout ratio (DPR) is currently 60.20%.

Insider Buying and Selling

In related news, CFO Kirsten M. Spears sold 56,310 shares of the stock in a transaction on Wednesday, June 18th. The stock was 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 trade represents a 13.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Henry Samueli sold 473,898 shares of the firm's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $265.33, for a total value of $125,739,356.34. Following the transaction, the director owned 38,188,575 shares in the company, valued at approximately $10,132,574,604.75. This trade represents a 1.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 3,550 shares of company stock worth $1,227,869 and sold 850,112 shares worth $234,654,209. 2.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AVGO. KeyCorp upped their price objective on shares of Broadcom from $330.00 to $400.00 and gave the stock an "overweight" rating in a research report on Friday, September 5th. Truist Financial increased their target price on shares of Broadcom from $295.00 to $365.00 and gave the stock a "buy" rating in a report on Friday, September 5th. HSBC raised shares of Broadcom from a "hold" rating to a "buy" rating and set a $400.00 target price for the company in a report on Tuesday, June 24th. Susquehanna increased their target price on shares of Broadcom from $280.00 to $300.00 and gave the stock a "positive" rating in a report on Friday, June 6th. Finally, Mizuho increased their target price on shares of Broadcom from $355.00 to $410.00 and gave the stock an "outperform" rating in a report on Friday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $356.48.

Broadcom Company 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.