B. Metzler seel. Sohn & Co. AG Raises Position in Broadcom Inc. $AVGO

Key Points

• B. Metzler seel. Sohn & Co. AG increased its holdings in Broadcom Inc. by 13.0% in the first quarter, acquiring an additional 74,797 shares, bringing their total to 651,964 shares, valued at approximately $109 million.
• Several hedge funds also increased their positions in Broadcom, highlighting a significant interest from institutional investors, who collectively own 76.43% of the company's stock.
• Broadcom reported a quarterly earnings per share of $1.58, beating analyst expectations, with revenue of $15 billion, up 20.2% year-over-year.

B. Metzler seel. Sohn & Co. AG grew its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 13.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 651,964 shares of the semiconductor manufacturer's stock after acquiring an additional 74,797 shares during the period. Broadcom comprises about 1.1% of B. Metzler seel. Sohn & Co. AG's investment portfolio, making the stock its 21st biggest position. B. Metzler seel. Sohn & Co. AG's holdings in Broadcom were worth $109,158,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in AVGO. Nuveen LLC purchased a new position in shares of Broadcom in the first quarter valued at about $6,649,117,000. Price T Rowe Associates Inc. MD lifted its position in shares of Broadcom by 37.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer's stock valued at $10,968,270,000 after acquiring an additional 17,985,046 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Broadcom by 18,179.3% in the first quarter. GAMMA Investing LLC now owns 17,276,164 shares of the semiconductor manufacturer's stock valued at $2,892,548,000 after acquiring an additional 17,181,652 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Broadcom by 16.7% in the first quarter. Goldman Sachs Group Inc. now owns 31,854,414 shares of the semiconductor manufacturer's stock worth $5,333,384,000 after buying an additional 4,550,647 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Broadcom by 36.9% in the first quarter. Deutsche Bank AG now owns 15,758,895 shares of the semiconductor manufacturer's stock worth $2,638,512,000 after buying an additional 4,245,345 shares in the last quarter. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Broadcom

In other Broadcom news, CEO Hock E. Tan sold 40,000 shares of the company's stock in a transaction on Thursday, June 26th. The stock was 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 in the company, valued at $129,540,070.44. This represents a 7.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Henry Samueli sold 473,898 shares of the company's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $265.33, for a total value of $125,739,356.34. Following the sale, the director owned 38,188,575 shares of the company's stock, valued at approximately $10,132,574,604.75. This represents a 1.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 830,516 shares of company stock valued at $217,286,457 over the last 90 days. Insiders own 2.00% of the company's stock.

Broadcom Trading Down 3.6%

Shares of AVGO traded down $11.26 during mid-day trading on Friday, reaching $297.39. 21,581,160 shares of the company's stock traded hands, compared to its average volume of 25,763,924. The stock has a market cap of $1.40 trillion, a P/E ratio of 111.38, a P/E/G ratio of 2.14 and a beta of 1.15. The stock's 50-day moving average is $286.79 and its two-hundred day moving average is $234.25. Broadcom Inc. has a 12 month low of $134.90 and a 12 month 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.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its earnings results on Thursday, June 5th. The semiconductor manufacturer reported $1.58 EPS for the quarter, beating analysts' consensus estimates of $1.57 by $0.01. Broadcom had a return on equity of 35.49% and a net margin of 22.64%.The firm had revenue of $15 billion for the quarter, compared to analysts' expectations of $14.98 billion. During the same quarter in the prior year, the firm posted $10.96 earnings per share. The company's quarterly revenue was up 20.2% on a year-over-year basis. Broadcom has set its Q3 2025 guidance at EPS. Research analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 20th were issued a dividend of $0.59 per share. The ex-dividend date was Friday, June 20th. This represents a $2.36 dividend on an annualized basis and a yield of 0.8%. Broadcom's dividend payout ratio is currently 88.39%.

Analysts Set New Price Targets

A number of research firms recently commented on AVGO. Erste Group Bank upgraded Broadcom from a "hold" rating to a "buy" rating in a research report on Thursday, June 5th. JPMorgan Chase & Co. boosted their target price on Broadcom from $250.00 to $325.00 and gave the stock an "overweight" rating in a research report on Friday, June 6th. Mizuho boosted their target price on Broadcom from $315.00 to $320.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 16th. Oppenheimer reiterated an "outperform" rating and issued a $325.00 target price (up from $305.00) on shares of Broadcom in a research report on Thursday. Finally, Susquehanna boosted their target price on Broadcom from $280.00 to $300.00 and gave the stock a "positive" rating in a research report on Friday, June 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Broadcom has a consensus rating of "Buy" and an average target price of $301.79.

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.