Oak Associates Ltd. OH Buys 7,202 Shares of Broadcom Inc. $AVGO

Key Points

• Oak Associates Ltd. OH increased its holdings in Broadcom Inc. by 4.0%, owning 185,042 shares valued at approximately $30.98 million at the end of the most recent quarter.
• Other institutional investors, including Nuveen LLC and Price T Rowe Associates, have significantly boosted their stakes, with the latter increasing its position by 37.8% to own over 65 million shares.
• Multiple brokerages have set new price targets for Broadcom, with the consensus target price now at $300.96, reflecting strong analyst support.

Oak Associates Ltd. OH increased its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 4.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 185,042 shares of the semiconductor manufacturer's stock after acquiring an additional 7,202 shares during the quarter. Broadcom comprises about 2.3% of Oak Associates Ltd. OH's investment portfolio, making the stock its 15th largest position. Oak Associates Ltd. OH's holdings in Broadcom were worth $30,982,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. PARUS FINANCE UK Ltd lifted its stake in Broadcom by 175.3% in the first quarter. PARUS FINANCE UK Ltd now owns 100,578 shares of the semiconductor manufacturer's stock valued at $16,840,000 after buying an additional 64,038 shares during the period. Keener Financial Planning LLC lifted its stake in Broadcom by 34.8% in the first quarter. Keener Financial Planning LLC now owns 890 shares of the semiconductor manufacturer's stock valued at $149,000 after buying an additional 230 shares during the period. Diversify Wealth Management LLC lifted its stake in Broadcom by 5.6% in the first quarter. Diversify Wealth Management LLC now owns 38,016 shares of the semiconductor manufacturer's stock valued at $6,365,000 after buying an additional 2,016 shares during the period. OMNI 360 Wealth Inc. lifted its stake in Broadcom by 51.6% in the first quarter. OMNI 360 Wealth Inc. now owns 2,980 shares of the semiconductor manufacturer's stock valued at $499,000 after buying an additional 1,014 shares during the period. Finally, Gamco Investors INC. ET AL lifted its stake in Broadcom by 1.3% in the first quarter. Gamco Investors INC. ET AL now owns 54,406 shares of the semiconductor manufacturer's stock valued at $9,109,000 after buying an additional 700 shares during the period. Institutional investors and hedge funds own 76.43% of the company's stock.

Broadcom Trading Down 3.6%

Shares of Broadcom stock traded down $11.26 during trading hours on Friday, hitting $297.39. The company's stock had a trading volume of 21,581,160 shares, compared to its average volume of 17,621,516. Broadcom Inc. has a 12 month low of $134.90 and a 12 month high of $317.35. The stock has a 50 day moving average of $287.74 and a 200 day moving average of $234.67. The company has a market capitalization of $1.40 trillion, a PE ratio of 111.38, a price-to-earnings-growth ratio of 2.11 and a beta of 1.15. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.08 and a quick ratio of 0.98.

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

Broadcom Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 20th were issued a dividend of $0.59 per share. 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 dividend payout ratio (DPR) is presently 88.39%.

Analyst Upgrades and Downgrades

AVGO has been the topic of several analyst reports. Morgan Stanley set a $338.00 target price on Broadcom and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Erste Group Bank raised Broadcom from a "hold" rating to a "buy" rating in a research note on Thursday, June 5th. Arete Research raised Broadcom to a "strong-buy" rating in a research note on Monday, July 28th. JPMorgan Chase & Co. increased their target price on Broadcom from $250.00 to $325.00 and gave the company an "overweight" rating in a research note on Friday, June 6th. Finally, Evercore ISI restated 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. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $301.79.

Insider Buying and Selling at Broadcom

In related news, CEO Hock E. Tan sold 117,758 shares of the stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $252.91, for a total transaction of $29,782,175.78. Following the completion of the transaction, the chief executive officer directly owned 1,014,152 shares in the company, valued at approximately $256,489,182.32. This trade represents a 10.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Henry Samueli sold 473,898 shares of the stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $265.33, for a total value of $125,739,356.34. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 830,516 shares of company stock valued at $217,286,457 in the last 90 days. 2.00% of the stock is currently owned by corporate insiders.

About Broadcom

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.