Samlyn Capital LLC Increases Position in Broadcom Inc. $AVGO

Key Points

• Samlyn Capital LLC increased its stake in Broadcom Inc. by 40.8%, owning a total of 319,621 shares valued at approximately $53.5 million as of the most recent reporting period.
• Broadcom's shares received bullish ratings from various analysts, with price targets raised to as high as $400, indicating strong confidence in the stock's performance.
• The company announced a quarterly dividend of $0.59 per share, highlighting a dividend yield of 0.7% and a high payout ratio of 88.39%.

Samlyn Capital LLC raised its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 40.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 319,621 shares of the semiconductor manufacturer's stock after purchasing an additional 92,545 shares during the period. Samlyn Capital LLC's holdings in Broadcom were worth $53,514,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Barnes Dennig Private Wealth Management LLC bought a new position in Broadcom during the 1st quarter worth $25,000. Cheviot Value Management LLC bought a new position in Broadcom during the 1st quarter worth $25,000. Inlight Wealth Management LLC acquired a new stake in Broadcom during the 1st quarter worth about $26,000. Sunbeam Capital Management LLC acquired a new stake in Broadcom during the 4th quarter worth about $28,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in Broadcom during the 4th quarter worth about $30,000. 76.43% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Kirsten M. Spears sold 36,350 shares of Broadcom stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $261.27, for a total value of $9,497,164.50. Following the sale, the chief financial officer owned 325,587 shares of the company's stock, valued at approximately $85,066,115.49. The trade was a 10.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gayla J. Delly sold 3,000 shares of Broadcom stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $265.13, for a total transaction of $795,390.00. Following the completion of the sale, the director directly owned 33,352 shares in the company, valued at $8,842,615.76. This trade represents a 8.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 830,516 shares of company stock worth $217,286,457 in the last three months. Insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on AVGO. Erste Group Bank upgraded Broadcom from a "hold" rating to a "buy" rating in a report on Thursday, June 5th. Citigroup increased their price target on Broadcom from $315.00 to $350.00 and gave the stock a "buy" rating in a report on Friday. Wells Fargo & Company increased their price target on Broadcom from $255.00 to $345.00 and gave the stock an "equal weight" rating in a report on Friday. Barclays increased their price target on Broadcom from $265.00 to $400.00 and gave the stock an "overweight" rating in a report on Friday. Finally, KeyCorp increased their price target on Broadcom from $330.00 to $400.00 and gave the stock an "overweight" rating in a report on Friday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Broadcom currently has an average rating of "Buy" and an average price target of $351.00.

Broadcom Stock Up 9.4%

Shares of AVGO traded up $28.79 during trading hours on Friday, hitting $334.89. The stock had a trading volume of 78,318,626 shares, compared to its average volume of 20,932,260. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. The firm has a 50 day simple moving average of $292.09 and a 200-day simple moving average of $237.38. The firm has a market capitalization of $1.58 trillion, a P/E ratio of 85.43, a price-to-earnings-growth ratio of 2.38 and a beta of 1.16. Broadcom Inc. has a 1-year low of $134.90 and a 1-year high of $356.34.

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 during the quarter, compared to the consensus estimate of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The company's quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Sell-side analysts predict that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

The business also recently declared 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 0.7%. The ex-dividend date of this dividend is Monday, September 22nd. Broadcom's payout ratio is 60.20%.

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.