Broadcom Inc. $AVGO Shares Sold by Plato Investment Management Ltd

Key Points

• Plato Investment Management Ltd has reduced its stake in Broadcom by 25.5%, now holding 80,836 shares valued at approximately $13.68 million, which represents 1.2% of its total holdings.
• Director Henry Samueli recently sold 473,898 shares for over $125 million, while CEO Hock E. Tan sold 117,758 shares for nearly $30 million, indicating notable insider selling activity.
• According to various brokerages, Broadcom has received multiple increased price targets, with Bank of America raising its target to $400, amidst a consensus rating of "Buy" and an average target price of $351.92.

Plato Investment Management Ltd trimmed its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 25.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 80,836 shares of the semiconductor manufacturer's stock after selling 27,599 shares during the quarter. Broadcom makes up 1.2% of Plato Investment Management Ltd's holdings, making the stock its 12th largest holding. Plato Investment Management Ltd's holdings in Broadcom were worth $13,681,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of AVGO. Brighton Jones LLC grew its holdings in shares of Broadcom by 21.8% during the fourth quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer's stock valued at $6,882,000 after buying an additional 5,322 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Broadcom by 10.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer's stock valued at $1,854,000 after buying an additional 756 shares in the last quarter. Bank Pictet & Cie Europe AG grew its holdings in shares of Broadcom by 16.4% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 221,199 shares of the semiconductor manufacturer's stock valued at $51,283,000 after buying an additional 31,225 shares in the last quarter. Lighthouse Investment Partners LLC grew its holdings in shares of Broadcom by 88.2% during the fourth quarter. Lighthouse Investment Partners LLC now owns 7,529 shares of the semiconductor manufacturer's stock valued at $1,746,000 after buying an additional 3,529 shares in the last quarter. Finally, NDVR Inc. grew its holdings in shares of Broadcom by 10.7% during the fourth quarter. NDVR Inc. now owns 1,753 shares of the semiconductor manufacturer's stock valued at $406,000 after buying an additional 170 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Broadcom

In related news, Director Henry Samueli sold 473,898 shares of the business's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $265.33, for a total transaction of $125,739,356.34. Following the completion of the transaction, the director owned 38,188,575 shares of the company's stock, valued at approximately $10,132,574,604.75. The trade was a 1.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Hock E. Tan sold 117,758 shares of the business's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $252.91, for a total value of $29,782,175.78. Following the transaction, the chief executive officer directly owned 1,014,152 shares of the company's stock, valued at $256,489,182.32. This represents a 10.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 820,516 shares of company stock worth $214,757,657 in the last ninety days. 2.00% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AVGO. Benchmark lifted their price target on Broadcom from $315.00 to $385.00 and gave the company a "buy" rating in a report on Friday, September 5th. Cantor Fitzgerald restated an "overweight" rating and issued a $300.00 target price on shares of Broadcom in a research note on Friday, June 6th. Bank of America boosted their target price on Broadcom from $300.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, September 5th. Evercore ISI restated an "outperform" rating and issued a $342.00 target price (up previously from $304.00) on shares of Broadcom in a research note on Thursday, September 4th. Finally, Arete Research upgraded Broadcom to a "strong-buy" rating in a research note on Monday, July 28th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Broadcom presently has an average rating of "Buy" and a consensus target price of $351.92.

Broadcom Price Performance

Shares of NASDAQ:AVGO opened at $336.67 on Wednesday. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $356.34. The business has a 50-day moving average of $294.92 and a two-hundred day moving average of $238.95. The stock has a market capitalization of $1.58 trillion, a P/E ratio of 85.89, a P/E/G ratio of 1.89 and a beta of 1.16. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced 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. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The company had revenue of $15.95 billion during the quarter, compared to analysts' expectations of $15.82 billion. During the same quarter in the previous year, the firm earned $1.24 earnings per share. The business's quarterly revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. On average, equities research analysts predict that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 22nd will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, September 22nd. Broadcom's payout ratio is currently 60.20%.

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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