Broadcom Inc. $AVGO Shares Purchased by Ramirez Asset Management Inc.

Key Points

• Ramirez Asset Management Inc. increased its holdings in Broadcom by 98.3% in the second quarter, reaching a total of 26,422 shares valued at approximately $7.28 million.
• Broadcom reported a strong quarterly earnings of $1.69 per share, exceeding analysts' estimates, with revenues of $15.95 billion marking a 22% year-over-year increase.
• The company has recently declared a quarterly dividend of $0.59 per share, reflecting an annualized yield of 0.7% and a dividend payout ratio of 60.20%.

Ramirez Asset Management Inc. boosted its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 98.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,422 shares of the semiconductor manufacturer's stock after purchasing an additional 13,100 shares during the quarter. Broadcom makes up about 1.1% of Ramirez Asset Management Inc.'s investment portfolio, making the stock its 21st largest holding. Ramirez Asset Management Inc.'s holdings in Broadcom were worth $7,283,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Broadcom during the first quarter valued at $25,000. Cheviot Value Management LLC acquired a new position in shares of Broadcom during the first quarter valued at $25,000. Inlight Wealth Management LLC acquired a new position in shares of Broadcom during the first quarter valued at $26,000. Sawyer & Company Inc boosted its holdings in shares of Broadcom by 62.1% during the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock valued at $26,000 after acquiring an additional 36 shares during the period. Finally, Legend Financial Advisors Inc. acquired a new position in shares of Broadcom during the second quarter valued at $28,000. Institutional investors and hedge funds own 76.43% of the company's stock.

Broadcom Price Performance

Shares of Broadcom stock opened at $344.13 on Wednesday. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. The company's 50-day moving average price is $324.84 and its two-hundred day moving average price is $265.45. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $374.23. The stock has a market cap of $1.63 trillion, a PE ratio of 87.79, a price-to-earnings-growth ratio of 1.98 and a beta of 1.20.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping analysts' consensus estimates of $1.66 by $0.03. The firm had revenue of $15.95 billion for the quarter, compared to analysts' expectations of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.Broadcom's revenue was up 22.0% on a year-over-year basis. During the same quarter last year, the business posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. As a group, sell-side analysts anticipate 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 was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were paid a $0.59 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. Broadcom's dividend payout ratio (DPR) is currently 60.20%.

Insider Transactions at Broadcom

In related news, insider Mark David Brazeal sold 16,558 shares of Broadcom stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total value of $5,755,726.38. Following the transaction, the insider owned 329,302 shares of the company's stock, valued at approximately $114,468,668.22. This trade represents a 4.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Charlie B. Kawwas sold 3,893 shares of Broadcom stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total value of $1,354,063.26. Following the completion of the transaction, the insider directly owned 25,295 shares in the company, valued at $8,798,106.90. This represents a 13.34% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have bought 3,550 shares of company stock worth $1,227,869 and have sold 664,471 shares worth $225,184,128. Company insiders own 2.00% of the company's stock.

Analyst Upgrades and Downgrades

AVGO has been the subject of several analyst reports. HSBC raised shares of Broadcom from a "hold" rating to a "buy" rating and set a $400.00 price target for the company in a report on Tuesday, June 24th. Mizuho set a $430.00 price objective on shares of Broadcom in a research note on Monday. KeyCorp set a $460.00 price objective on shares of Broadcom in a research note on Monday. UBS Group set a $415.00 price objective on shares of Broadcom and gave the company a "buy" rating in a research note on Tuesday. Finally, Morgan Stanley set a $409.00 price objective on shares of Broadcom and gave the company an "overweight" rating in a research note on Tuesday. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Broadcom presently has an average rating of "Buy" and a consensus price target of $370.07.

Broadcom Company 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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