Broadcom Inc. $AVGO Stock Holdings Boosted by Peregrine Investment Management Inc.

Peregrine Investment Management Inc. grew its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 69.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,670 shares of the semiconductor manufacturer's stock after buying an additional 15,000 shares during the quarter. Broadcom accounts for 6.5% of Peregrine Investment Management Inc.'s investment portfolio, making the stock its 5th largest position. Peregrine Investment Management Inc.'s holdings in Broadcom were worth $10,108,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Nuveen LLC purchased a new stake in shares of Broadcom during the first quarter worth about $6,649,117,000. Price T Rowe Associates Inc. MD boosted its holdings in Broadcom by 37.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer's stock worth $10,968,270,000 after buying an additional 17,985,046 shares during the last quarter. GAMMA Investing LLC increased its stake in Broadcom by 18,179.3% during the 1st quarter. GAMMA Investing LLC now owns 17,276,164 shares of the semiconductor manufacturer's stock worth $2,892,548,000 after buying an additional 17,181,652 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Broadcom by 16.7% during the first quarter. Goldman Sachs Group Inc. now owns 31,854,414 shares of the semiconductor manufacturer's stock valued at $5,333,384,000 after acquiring an additional 4,550,647 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of Broadcom by 36.9% during the first quarter. Deutsche Bank AG now owns 15,758,895 shares of the semiconductor manufacturer's stock valued at $2,638,512,000 after acquiring an additional 4,245,345 shares during the last quarter. 76.43% of the stock is owned by institutional investors and hedge funds.

Broadcom Stock Performance

Broadcom stock opened at $336.10 on Friday. The firm has a 50 day simple moving average of $312.64 and a 200-day simple moving average of $251.49. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $374.23. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. The stock has a market cap of $1.59 trillion, a price-to-earnings ratio of 85.74, a price-to-earnings-growth ratio of 1.88 and a beta of 1.16.

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

Broadcom Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd will be paid a $0.59 dividend. 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 dividend payout ratio is 60.20%.

Insider Buying and Selling at Broadcom

In other Broadcom news, insider Mark David Brazeal sold 16,558 shares of the company's stock in a transaction dated Wednesday, September 17th. The shares were 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 $114,468,668.22. This represents a 4.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Harry L. You purchased 2,050 shares of the company's stock in a transaction on Monday, September 8th. The shares were bought at an average price of $344.78 per share, with a total value of $706,799.00. Following the completion of the transaction, the director owned 34,102 shares of the company's stock, valued at approximately $11,757,687.56. The trade was a 6.40% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders bought 3,550 shares of company stock worth $1,227,869 and sold 297,274 shares worth $101,002,814. 2.00% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently commented on AVGO. Arete Research upgraded Broadcom to a "strong-buy" rating in a research report on Monday, July 28th. Piper Sandler upped their target price on shares of Broadcom from $315.00 to $375.00 and gave the stock an "overweight" rating in a report on Friday, September 5th. Benchmark increased their target price on shares of Broadcom from $315.00 to $385.00 and gave the company a "buy" rating in a research report on Friday, September 5th. Cantor Fitzgerald restated an "overweight" rating and set a $300.00 price target on shares of Broadcom in a research report on Friday, June 6th. Finally, Cowen reissued a "buy" rating on shares of Broadcom in a research note on Friday, June 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $356.48.

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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