Broadcom Inc. $AVGO Stake Lifted by Sava Infond d.o.o.

Key Points

• Sava Infond d.o.o. has increased its stake in Broadcom Inc. by 0.9%, owning 135,360 shares, making Broadcom the fund's second biggest holding at a value of $37.3 million.
• Analysts have recently raised their price targets for Broadcom, with Barclays increasing their target from $265 to $400 and Evercore ISI adjusting theirs from $304 to $342, reflecting strong confidence in the stock's potential growth.
• Broadcom announced a quarterly dividend of $0.59 per share, resulting in an annualized yield of 0.7%, with a payout ratio of 60.20%.

Sava Infond d.o.o. lifted its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 135,360 shares of the semiconductor manufacturer's stock after purchasing an additional 1,175 shares during the period. Broadcom accounts for 5.8% of Sava Infond d.o.o.'s investment portfolio, making the stock its 2nd biggest holding. Sava Infond d.o.o.'s holdings in Broadcom were worth $37,312,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Barnes Dennig Private Wealth Management LLC purchased a new stake in Broadcom in the first quarter worth $25,000. Cheviot Value Management LLC bought a new position in shares of Broadcom during the 1st quarter worth $25,000. Inlight Wealth Management LLC bought a new position in shares of Broadcom during the 1st quarter worth $26,000. Sawyer & Company Inc increased its holdings in Broadcom by 62.1% in the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock worth $26,000 after acquiring an additional 36 shares during the last quarter. Finally, Legend Financial Advisors Inc. bought a new stake in Broadcom in the 2nd quarter valued at about $28,000. Institutional investors own 76.43% of the company's stock.

Wall Street Analysts Forecast Growth

AVGO has been the subject of several analyst reports. Barclays raised their price objective on shares of Broadcom from $265.00 to $400.00 and gave the stock an "overweight" rating in a report on Friday, September 5th. Rosenblatt Securities increased their target price on Broadcom from $340.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. Evercore ISI reaffirmed an "outperform" rating and issued a $342.00 price target (up from $304.00) on shares of Broadcom in a report on Thursday, September 4th. The Goldman Sachs Group reiterated a "buy" rating and set a $340.00 price objective on shares of Broadcom in a research note on Wednesday, August 13th. Finally, Wells Fargo & Company increased their price objective on Broadcom from $255.00 to $345.00 and gave the stock an "equal weight" rating in a report on Friday, September 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Broadcom currently has an average rating of "Buy" and an average price target of $357.22.

Insider Activity

In related news, Director Henry Samueli sold 368,797 shares of Broadcom stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the sale, the director directly owned 37,722,534 shares in the company, valued at $12,746,821,463.94. The trade was a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mark David Brazeal sold 16,558 shares of the company's stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the completion of the sale, the insider directly owned 329,302 shares in the company, valued at $114,468,668.22. This represents a 4.79% decrease in their ownership of the stock. 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 666,071 shares worth $225,623,008. Insiders own 2.00% of the company's stock.

Broadcom Trading Up 2.7%

AVGO stock opened at $345.50 on Thursday. The company has a market capitalization of $1.63 trillion, a PE ratio of 88.14, a price-to-earnings-growth ratio of 1.86 and a beta of 1.20. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. Broadcom Inc. has a one year low of $138.10 and a one year high of $374.23. The company's 50 day moving average price is $320.89 and its two-hundred day moving average price is $260.37.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, beating analysts' consensus estimates of $1.66 by $0.03. The firm had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The business's quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. As a group, analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

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

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.

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