Broadcom Inc. $AVGO Shares Bought by Empowered Funds LLC

Key Points

• Empowered Funds LLC increased its stake in Broadcom by 8.6%, owning 264,686 shares valued at approximately $44.3 million, marking it as their 15th largest holding.
• Broadcom's stock price opened at $345.65, with a 12-month low of $134.90 and a high of $356.34, showcasing significant volatility.
• The company recently reported quarterly earnings of $1.69 per share, exceeding expectations, along with a net margin of 31.59% and revenue of $15.95 billion during the quarter.

Empowered Funds LLC boosted its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 8.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 264,686 shares of the semiconductor manufacturer's stock after acquiring an additional 20,885 shares during the period. Broadcom comprises about 0.6% of Empowered Funds LLC's holdings, making the stock its 15th biggest holding. Empowered Funds LLC's holdings in Broadcom were worth $44,316,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Vancity Investment Management Ltd acquired a new position in Broadcom during the first quarter worth $4,151,000. Ascent Group LLC raised its position in Broadcom by 49.1% during the first quarter. Ascent Group LLC now owns 76,286 shares of the semiconductor manufacturer's stock worth $12,773,000 after acquiring an additional 25,112 shares during the period. Meiji Yasuda Life Insurance Co raised its position in Broadcom by 161.2% during the first quarter. Meiji Yasuda Life Insurance Co now owns 117,841 shares of the semiconductor manufacturer's stock worth $19,730,000 after acquiring an additional 72,726 shares during the period. Caxton Associates LLP acquired a new position in Broadcom during the first quarter worth $2,004,000. Finally, Sciencast Management LP raised its position in Broadcom by 393.1% during the first quarter. Sciencast Management LP now owns 9,373 shares of the semiconductor manufacturer's stock worth $1,569,000 after acquiring an additional 7,472 shares during the period. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom Price Performance

Broadcom stock opened at $345.65 on Tuesday. Broadcom Inc. has a 12-month low of $134.90 and a 12-month high of $356.34. The stock has a market cap of $1.63 trillion, a P/E ratio of 88.18, a PEG ratio of 2.38 and a beta of 1.16. The company has a 50-day moving average price of $293.49 and a 200 day moving average price of $238.27. 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 data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $15.82 billion. During the same period last year, the business earned $1.24 earnings per share. Broadcom's revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. Sell-side analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AVGO. Erste Group Bank upgraded shares of Broadcom from a "hold" rating to a "buy" rating in a research report on Thursday, June 5th. Barclays increased their target price on shares of Broadcom from $265.00 to $400.00 and gave the company an "overweight" rating in a research report on Friday. Wall Street Zen upgraded shares of Broadcom from a "hold" rating to a "buy" rating in a research report on Saturday. Cowen reiterated a "buy" rating on shares of Broadcom in a research report on Friday, June 6th. Finally, KeyCorp increased their target price on shares of Broadcom from $330.00 to $400.00 and gave the company an "overweight" rating in a research report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Broadcom currently has a consensus rating of "Buy" and an average price target of $351.92.

Insider Activity

In related news, CEO Hock E. Tan sold 40,000 shares of the firm's stock in a transaction dated 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 directly owned 482,836 shares in the company, valued at approximately $129,540,070.44. This trade represents a 7.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Justine Page sold 800 shares of the stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $307.46, for a total transaction of $245,968.00. Following the transaction, the director directly owned 23,782 shares of the company's stock, valued at approximately $7,312,013.72. This trade represents a 3.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold 830,516 shares of company stock valued at $217,286,457 in the last quarter. Insiders own 2.00% of the company's stock.

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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