Silvant Capital Management LLC Buys 6,386 Shares of Broadcom Inc. $AVGO

Key Points

• Silvant Capital Management LLC increased its holdings in Broadcom by 2.4% in the first quarter, owning 271,575 shares worth approximately $45.5 million.
• Insider sales included Director Henry Samueli selling 473,898 shares for over $125 million, representing a 1.23% decrease in his ownership, while a total of 830,516 shares were sold by insiders in the last three months.
• Broadcom's stock has seen substantial interest from analysts, with several upgrades and a consensus price target of approximately $300.96, reflecting strong anticipated growth in earnings and revenue.

Silvant Capital Management LLC boosted its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 2.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 271,575 shares of the semiconductor manufacturer's stock after acquiring an additional 6,386 shares during the period. Broadcom comprises about 2.1% of Silvant Capital Management LLC's investment portfolio, making the stock its 12th biggest holding. Silvant Capital Management LLC's holdings in Broadcom were worth $45,470,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of AVGO. Barnes Dennig Private Wealth Management LLC bought a new position in Broadcom in the first quarter worth about $25,000. Cheviot Value Management LLC bought a new stake in Broadcom during the first quarter worth approximately $25,000. Inlight Wealth Management LLC bought a new stake in Broadcom during the first quarter worth approximately $26,000. Sunbeam Capital Management LLC bought a new stake in Broadcom during the fourth quarter worth approximately $28,000. Finally, Vermillion Wealth Management Inc. bought a new stake in Broadcom during the fourth quarter worth approximately $30,000. Institutional investors own 76.43% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AVGO shares. Wells Fargo & Company boosted their target price on Broadcom from $230.00 to $255.00 and gave the stock an "equal weight" rating in a report on Friday, June 6th. Rosenblatt Securities lifted their price target on shares of Broadcom from $223.00 to $340.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. Barclays lifted their price target on shares of Broadcom from $215.00 to $265.00 and gave the stock an "overweight" rating in a research report on Monday, June 9th. Bank of America lifted their price target on shares of Broadcom from $240.00 to $300.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. Finally, 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 report on Friday, August 22nd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Broadcom currently has a consensus rating of "Buy" and an average price target of $301.79.

Broadcom Trading Down 3.6%

NASDAQ AVGO traded down $11.26 on Friday, hitting $297.39. 21,581,160 shares of the stock were exchanged, compared to its average volume of 17,621,516. Broadcom Inc. has a 52-week low of $134.90 and a 52-week high of $317.35. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.08 and a quick ratio of 0.98. The company has a market capitalization of $1.40 trillion, a price-to-earnings ratio of 111.38, a P/E/G ratio of 2.11 and a beta of 1.15. The company's 50-day moving average price is $287.74 and its two-hundred day moving average price is $234.67.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $15 billion for the quarter, compared to analysts' expectations of $14.98 billion. Broadcom had a net margin of 22.64% and a return on equity of 35.49%. The company's quarterly revenue was up 20.2% compared to the same quarter last year. During the same period in the previous year, the company posted $10.96 EPS. Broadcom has set its Q3 2025 guidance at EPS. Research analysts predict that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Friday, June 20th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.8%. Broadcom's dividend payout ratio (DPR) is 88.39%.

Insider Activity at Broadcom

In other Broadcom news, CEO Hock E. Tan sold 40,000 shares of Broadcom stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $268.29, for a total transaction of $10,731,600.00. Following the completion of the sale, the chief executive officer owned 482,836 shares of the company's stock, valued at $129,540,070.44. This trade represents a 7.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Kirsten M. Spears sold 36,350 shares of Broadcom stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $261.27, for a total transaction 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 trade represents a 10.04% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 830,516 shares of company stock worth $217,286,457. 2.00% of the stock is currently owned by company insiders.

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.