Broadcom Inc. $AVGO Stock Holdings Lowered by Michael & Susan Dell Foundation

Key Points

• The Michael & Susan Dell Foundation has reduced its holdings in Broadcom Inc. by 50%, now owning approximately 638,545 shares valued at $106.9 million, making it the foundation's third largest investment.
• Several hedge funds increased their positions in Broadcom during the first quarter, with notable investments including Nuveen LLC's new position worth around $6.6 billion and Price T. Rowe Associates increasing its stake by 37.8%.
• Broadcom has received positive analyst ratings, with a consensus rating of "Buy" and a consensus price target of $301.79, bolstered by price target increases from various firms including Citigroup and JPMorgan Chase.

Michael & Susan Dell Foundation trimmed its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 50.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 638,545 shares of the semiconductor manufacturer's stock after selling 638,500 shares during the quarter. Broadcom accounts for approximately 5.5% of Michael & Susan Dell Foundation's holdings, making the stock its 3rd biggest holding. Michael & Susan Dell Foundation's holdings in Broadcom were worth $106,912,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in AVGO. Nuveen LLC purchased a new position in shares of Broadcom in the first quarter worth $6,649,117,000. Price T Rowe Associates Inc. MD increased its stake in shares of Broadcom by 37.8% in the first 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 period. GAMMA Investing LLC increased its stake in shares of Broadcom by 18,179.3% in the first 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 during the period. Goldman Sachs Group Inc. increased its stake in shares of Broadcom by 16.7% in the first quarter. Goldman Sachs Group Inc. now owns 31,854,414 shares of the semiconductor manufacturer's stock worth $5,333,384,000 after buying an additional 4,550,647 shares during the period. Finally, Deutsche Bank AG increased its stake in shares of Broadcom by 36.9% in the first quarter. Deutsche Bank AG now owns 15,758,895 shares of the semiconductor manufacturer's stock worth $2,638,512,000 after buying an additional 4,245,345 shares during the period. 76.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on AVGO. KeyCorp lifted their price target on shares of Broadcom from $315.00 to $330.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Cowen reiterated a "buy" rating on shares of Broadcom in a report on Friday, June 6th. Citigroup lifted their price target on shares of Broadcom from $285.00 to $315.00 and gave the company a "buy" rating in a report on Monday, July 7th. JPMorgan Chase & Co. lifted their price target on shares of Broadcom from $250.00 to $325.00 and gave the company an "overweight" rating 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 issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Broadcom presently has a consensus rating of "Buy" and a consensus price target of $301.79.

Insider Buying and Selling at Broadcom

In related news, Director Justine Page sold 800 shares of the company's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $307.46, for a total value of $245,968.00. Following the transaction, the director owned 23,782 shares in the company, valued at $7,312,013.72. The trade was a 3.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kirsten M. Spears sold 36,350 shares of the company's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $261.27, for a total transaction of $9,497,164.50. Following the completion of the transaction, the chief financial officer owned 325,587 shares in the company, valued at approximately $85,066,115.49. The trade was a 10.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 830,516 shares of company stock valued at $217,286,457 over the last three months. 2.00% of the stock is currently owned by corporate insiders.

Broadcom Trading Down 3.6%

NASDAQ:AVGO opened at $297.39 on Tuesday. 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 company's 50-day simple moving average is $288.61 and its 200 day simple moving average is $235.11. The firm has a market capitalization of $1.40 trillion, a P/E ratio of 111.38, a PEG ratio of 2.11 and a beta of 1.16.

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

Broadcom Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 20th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Friday, June 20th. This represents a $2.36 annualized dividend and a yield of 0.8%. Broadcom's payout ratio is presently 88.39%.

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.

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