Broadcom Inc. $AVGO Shares Acquired by Gold Investment Management Ltd.

Key Points

• Gold Investment Management Ltd. increased its stake in Broadcom Inc. by 31.8% in Q2, acquiring a total of 7,544 shares valued at $2,044,000.
• Director Henry Samueli sold 368,797 shares worth approximately $124.6 million, resulting in a 0.97% reduction of his holdings.
• Broadcom's recent quarterly earnings surpassed expectations, reporting $1.69 EPS and $15.95 billion in revenue, marking a 22% increase year-over-year.

Gold Investment Management Ltd. increased its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 31.8% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,544 shares of the semiconductor manufacturer's stock after purchasing an additional 1,821 shares during the period. Gold Investment Management Ltd.'s holdings in Broadcom were worth $2,044,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Barnes Dennig Private Wealth Management LLC acquired a new position in Broadcom in the first quarter worth $25,000. Cheviot Value Management LLC bought a new position in shares of Broadcom in the 1st quarter worth about $25,000. Inlight Wealth Management LLC acquired a new position in shares of Broadcom in the 1st quarter valued at about $26,000. Sawyer & Company Inc grew its position in shares of Broadcom by 62.1% during the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock valued at $26,000 after buying an additional 36 shares during the last quarter. Finally, Legend Financial Advisors Inc. acquired a new stake in Broadcom during the second quarter worth about $28,000. Institutional investors and hedge funds own 76.43% of the company's stock.

Insider Activity

In other news, Director Henry Samueli sold 368,797 shares of the company's stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total value 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. This represents a 0.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kirsten M. Spears sold 7,498 shares of the stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total transaction of $2,606,754.68. Following the completion of the sale, the chief financial officer directly owned 313,330 shares of the company's stock, valued at $108,932,307.80. This trade represents a 2.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 3,550 shares of company stock valued at $1,227,869 and sold 666,071 shares valued at $225,623,008. Corporate insiders own 2.00% of the company's stock.

Broadcom Price Performance

AVGO stock opened at $338.37 on Monday. Broadcom Inc. has a one year low of $138.10 and a one year high of $374.23. The firm has a 50-day moving average of $318.43 and a two-hundred day moving average of $258.24. The firm has a market capitalization of $1.60 trillion, a PE ratio of 86.32, a P/E/G ratio of 1.87 and a beta of 1.20. 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 (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.66 by $0.03. The business had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The firm's revenue was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. On average, analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

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

Analysts Set New Price Targets

AVGO has been the subject of a number of research reports. Weiss Ratings restated a "buy (b-)" rating on shares of Broadcom in a research note on Saturday, September 27th. Deutsche Bank Aktiengesellschaft boosted their price objective on Broadcom from $300.00 to $350.00 and gave the company a "buy" rating in a research report on Friday, September 5th. Oppenheimer reaffirmed an "outperform" rating and issued a $360.00 target price (up from $325.00) on shares of Broadcom in a research report on Friday, September 5th. UBS Group boosted their price target on shares of Broadcom from $290.00 to $345.00 and gave the company a "buy" rating in a report on Monday, August 25th. Finally, The Goldman Sachs Group restated a "buy" rating and set a $340.00 price target on shares of Broadcom in a research report on Wednesday, August 13th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Broadcom has a consensus rating of "Buy" and an average target price of $357.22.

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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