Full Sail Capital LLC Increases Stock Holdings in Broadcom Inc. $AVGO

Key Points

• Full Sail Capital LLC increased its holdings in Broadcom Inc. by 43.3% during the 1st quarter, now owning 4,557 shares valued at $763,000.
• Several institutional investors, including Nuveen LLC and Goldman Sachs Group Inc., also modified their stakes, with a total of 76.43% of Broadcom's stock owned by institutional parties.
• Analysts have raised their target prices for Broadcom, with the highest at $315, reflecting a consensus rating of "Buy".

Full Sail Capital LLC lifted its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 43.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,557 shares of the semiconductor manufacturer's stock after purchasing an additional 1,378 shares during the quarter. Full Sail Capital LLC's holdings in Broadcom were worth $763,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Sunbeam Capital Management LLC bought a new position in shares of Broadcom during the fourth quarter valued at $28,000. Vermillion Wealth Management Inc. bought a new position in Broadcom in the fourth quarter valued at about $30,000. Barnes Dennig Private Wealth Management LLC bought a new position in Broadcom in the first quarter valued at about $25,000. Cheviot Value Management LLC purchased a new stake in Broadcom in the first quarter worth about $25,000. Finally, Inlight Wealth Management LLC purchased a new stake in Broadcom in the first quarter worth about $26,000. 76.43% of the stock is owned by institutional investors.

Insider Activity at Broadcom

In other Broadcom news, insider Mark David Brazeal sold 50,000 shares of the firm's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $253.28, for a total transaction of $12,664,000.00. Following the transaction, the insider directly owned 415,956 shares in the company, valued at $105,353,335.68. This trade represents a 10.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Kirsten M. Spears sold 56,310 shares of Broadcom stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $251.75, for a total value of $14,176,042.50. Following the completion of the transaction, the chief financial officer owned 361,937 shares in the company, valued at $91,117,639.75. This represents a 13.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 830,516 shares of company stock worth $217,286,457 over the last three months. Corporate insiders own 2.00% of the company's stock.

Broadcom Trading Up 2.8%

Shares of NASDAQ:AVGO traded up $8.40 during trading on Thursday, hitting $308.65. The company had a trading volume of 18,873,670 shares, compared to its average volume of 25,789,068. The stock has a market cap of $1.45 trillion, a price-to-earnings ratio of 115.60, a price-to-earnings-growth ratio of 2.12 and a beta of 1.15. Broadcom Inc. has a one year low of $134.90 and a one year high of $317.35. The company has a fifty day simple moving average of $285.64 and a two-hundred day simple moving average of $233.74. 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 posted its quarterly earnings data on Thursday, June 5th. The semiconductor manufacturer reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.01. The business had revenue of $15 billion during the quarter, compared to analyst estimates of $14.98 billion. Broadcom had a return on equity of 35.49% and a net margin of 22.64%.The company's revenue for the quarter was up 20.2% on a year-over-year basis. During the same period last year, the company earned $10.96 EPS. Broadcom has set its Q3 2025 guidance at EPS. As a group, equities analysts forecast 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 was paid on Monday, June 30th. Shareholders of record on Friday, June 20th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, June 20th. Broadcom's dividend payout ratio (DPR) is presently 88.39%.

Wall Street Analysts Forecast Growth

AVGO has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price target on Broadcom from $250.00 to $325.00 and gave the stock an "overweight" rating in a research report on Friday, June 6th. UBS Group increased their target price on Broadcom from $290.00 to $345.00 and gave the stock a "buy" rating in a research report on Monday. Wells Fargo & Company increased their target price on Broadcom from $230.00 to $255.00 and gave the stock an "equal weight" rating in a research report on Friday, June 6th. Oppenheimer reiterated an "outperform" rating and set a $325.00 target price (up previously from $305.00) on shares of Broadcom in a research report on Thursday. Finally, Rosenblatt Securities increased their target price on Broadcom from $223.00 to $340.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. Three 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 stock. Based on data from MarketBeat.com, Broadcom presently has an average rating of "Buy" and a consensus price target 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.