Lansforsakringar Fondforvaltning AB publ Reduces Position in Broadcom Inc. $AVGO

Key Points

• Lansforsakringar Fondforvaltning AB publ has reduced its holdings in Broadcom Inc. by 8.6%, selling 118,361 shares during the first quarter, bringing their total ownership to 1,265,864 shares worth approximately $211.9 million.
• Broadcom's most recent earnings report indicated an EPS of $1.58, exceeding expectations, with a revenue increase of 20.2% year-over-year, reaching $15 billion for the quarter.
• The company announced a quarterly dividend payment of $0.59 per share, resulting in an annualized dividend yield of 0.8% and a payout ratio of 88.39%.

Lansforsakringar Fondforvaltning AB publ trimmed its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 8.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,265,864 shares of the semiconductor manufacturer's stock after selling 118,361 shares during the period. Broadcom accounts for 1.3% of Lansforsakringar Fondforvaltning AB publ's portfolio, making the stock its 12th largest holding. Lansforsakringar Fondforvaltning AB publ's holdings in Broadcom were worth $211,944,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of AVGO. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Broadcom during the 1st quarter valued at $25,000. Cheviot Value Management LLC bought a new stake in shares of Broadcom during the 1st quarter valued at $25,000. Inlight Wealth Management LLC bought a new stake in shares of Broadcom during the 1st quarter valued at $26,000. Sunbeam Capital Management LLC bought a new stake in shares of Broadcom during the 4th quarter valued at $28,000. Finally, Vermillion Wealth Management Inc. bought a new stake in shares of Broadcom during the 4th quarter valued at $30,000. 76.43% of the stock is currently owned by institutional investors.

Insider Transactions at Broadcom

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

Broadcom Price Performance

Shares of Broadcom stock traded down $11.26 during trading hours on Friday, reaching $297.39. The company's stock had a trading volume of 21,581,160 shares, compared to its average volume of 17,621,516. The firm has a 50 day moving average price of $287.74 and a 200-day moving average price of $234.67. Broadcom Inc. has a one year low of $134.90 and a one year 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. The stock has a market cap of $1.40 trillion, a P/E ratio of 111.38, a P/E/G ratio of 2.11 and a beta of 1.15.

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

Broadcom Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have recently commented on AVGO. Arete Research upgraded shares of Broadcom to a "strong-buy" rating in a research report on Monday, July 28th. Redburn Atlantic assumed coverage on shares of Broadcom in a report on Wednesday, May 28th. They issued a "buy" rating and a $301.00 price target on the stock. Bank of America lifted their price target on shares of Broadcom from $240.00 to $300.00 and gave the company a "buy" rating in a report on Friday, June 6th. Evercore ISI reiterated an "outperform" rating and issued a $304.00 price target (up from $267.00) on shares of Broadcom in a report on Friday, June 6th. Finally, Benchmark lifted their price target on shares of Broadcom from $255.00 to $315.00 and gave the company a "buy" rating in a report on Friday, June 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average 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.