Broadcom Inc. $AVGO Shares Bought by Catalyst Funds Management Pty Ltd

Key Points

• Catalyst Funds Management Pty Ltd increased its Broadcom stake by 209.6% in the fourth quarter, making AVGO its largest holding. The position was worth about $30.4 million.
• Several analysts remain constructive on Broadcom, with recent upgrades and price-target increases contributing to a Moderate Buy consensus and an average target of $454.55.
• Broadcom recently beat quarterly expectations, reporting $2.05 EPS on $19.31 billion in revenue, while also announcing a quarterly dividend of $0.65 per share.

Catalyst Funds Management Pty Ltd lifted its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 209.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 87,920 shares of the semiconductor manufacturer's stock after buying an additional 59,520 shares during the quarter. Broadcom comprises about 7.0% of Catalyst Funds Management Pty Ltd's portfolio, making the stock its largest holding. Catalyst Funds Management Pty Ltd's holdings in Broadcom were worth $30,429,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Darden Wealth Group Inc lifted its stake in shares of Broadcom by 9.3% during the 4th quarter. Darden Wealth Group Inc now owns 22,209 shares of the semiconductor manufacturer's stock worth $7,687,000 after buying an additional 1,891 shares during the last quarter. Clune & Associates LTD. raised its stake in Broadcom by 7.7% in the 4th quarter. Clune & Associates LTD. now owns 1,580 shares of the semiconductor manufacturer's stock worth $547,000 after purchasing an additional 113 shares in the last quarter. Hartline Investment Corp raised its stake in Broadcom by 3.6% in the 4th quarter. Hartline Investment Corp now owns 5,379 shares of the semiconductor manufacturer's stock worth $1,862,000 after purchasing an additional 186 shares in the last quarter. Coldstream Capital Management Inc. raised its stake in Broadcom by 0.6% in the 4th quarter. Coldstream Capital Management Inc. now owns 138,077 shares of the semiconductor manufacturer's stock worth $47,788,000 after purchasing an additional 832 shares in the last quarter. Finally, Life Cycle Investment Partners Ltd acquired a new stake in Broadcom in the 4th quarter worth about $322,594,000. Institutional investors and hedge funds own 76.43% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AVGO. Wolfe Research upgraded shares of Broadcom from a "peer perform" rating to an "outperform" rating and set a $400.00 price objective for the company in a research note on Friday, January 30th. Zacks Research cut shares of Broadcom from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 21st. JPMorgan Chase & Co. lifted their price objective on shares of Broadcom from $475.00 to $500.00 and gave the stock an "overweight" rating in a research note on Thursday, March 5th. Truist Financial lifted their price objective on shares of Broadcom from $510.00 to $545.00 and gave the stock a "buy" rating in a research note on Thursday, March 5th. Finally, DA Davidson upgraded shares of Broadcom to a "hold" rating in a research note on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Broadcom presently has a consensus rating of "Moderate Buy" and a consensus price target of $454.55.

Broadcom Price Performance

AVGO stock opened at $426.58 on Friday. The company has a quick ratio of 1.73, a current ratio of 1.90 and a debt-to-equity ratio of 0.80. Broadcom Inc. has a 12 month low of $234.90 and a 12 month high of $442.36. The firm has a market cap of $2.02 trillion, a P/E ratio of 83.32, a P/E/G ratio of 0.87 and a beta of 1.43. The company's 50-day moving average price is $380.90 and its two-hundred day moving average price is $357.94.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 EPS for the quarter, beating the consensus estimate of $2.03 by $0.02. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. The firm had revenue of $19.31 billion for the quarter, compared to analyst estimates of $19.10 billion. During the same period last year, the firm earned $1.60 EPS. The business's quarterly revenue was up 29.5% compared to the same quarter last year. On average, analysts anticipate that Broadcom Inc. will post 9.91 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 23rd were issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.60 annualized dividend and a dividend yield of 0.6%. Broadcom's payout ratio is 50.78%.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom unveiled new BCM68850 and Wi‑Fi 8 home gateway products that combine 50G fiber, an on-chip NPU, and edge-AI capabilities, strengthening its position in next-generation consumer networking and AI-at-the-edge use cases. Article: Broadcom's BCM68850 Boosts AVGO's Edge AI Push: More Upside Ahead?
• Positive Sentiment: Broadcom announced a partnership with Samsung Electronics to launch an integrated 5G and Wi‑Fi 8 fixed wireless access platform, expanding its broadband footprint and supporting demand for its networking silicon. Article: Broadcom Unveils World's First Integrated 5G and Wi-Fi 8 FWA Platform in Collaboration with Samsung Electronics
• Positive Sentiment: Broadcom also launched what it says are the industry’s first integrated Wi‑Fi 8 SoCs for mesh and multi-gigabit routers, adding another catalyst for its connectivity and home-networking business. Article: Broadcom Delivers Industry's First Integrated Wi-Fi 8 SoCs to Power Next-Gen Mesh and Multi-Gigabit Routers
• Positive Sentiment: Evercore ISI raised its price target on Broadcom and kept an Outperform rating, reflecting confidence in the company’s AI infrastructure opportunity and supporting the stock’s momentum. Article: Broadcom (AVGO) Could Be Positioned For The Next Big Shift In AI Infrastructure
• Positive Sentiment: Analyst commentary continues to frame Broadcom as a “safe” long-term AI and networking holding, which may be helping sentiment as the stock approaches recent highs. Article: AI Can’t Reach the Real World Without These 3 Stocks
• Neutral Sentiment: The stock is also drawing attention because it is trading near its 52-week high ahead of earnings, which may keep volatility elevated as investors weigh whether the current valuation is fully priced in. Article: Broadcom Nearing 52-Week High: Buy, Sell or Hold?

Insider Activity at Broadcom

In related news, Director Gayla J. Delly sold 1,000 shares of Broadcom stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $358.31, for a total transaction of $358,310.00. Following the sale, the director directly owned 32,352 shares of the company's stock, valued at approximately $11,592,045.12. The trade was a 3.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Justine Page sold 2,018 shares of Broadcom stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $353.00, for a total transaction of $712,354.00. Following the sale, the director directly owned 18,164 shares in the company, valued at $6,411,892. This trade represents a 10.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 324,282 shares of company stock worth $106,425,249 in the last ninety days. Insiders own 1.90% of the company's stock.

About Broadcom

Broadcom Inc NASDAQ: AVGO is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company's semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.

On the semiconductor side, Broadcom's portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.

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