Broadcom Inc. $AVGO Stock Holdings Raised by DSM Capital Partners LLC

Key Points

• DSM Capital Partners LLC increased its holdings in Broadcom Inc. by 81% during the second quarter, owning 896,897 shares valued at approximately $247.2 million.
• Insider trading was noted as CFO Kirsten M. Spears and Director Henry Samueli sold significant shares, with the CFO selling shares worth over $2.6 million and the Director selling shares worth around $124.6 million.
• Broadcom's quarterly revenue rose by 22% year-over-year to $15.95 billion, and the company recently declared a quarterly dividend of $0.59, representing an annualized yield of 0.7%.

DSM Capital Partners LLC raised its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 81.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 896,897 shares of the semiconductor manufacturer's stock after purchasing an additional 401,495 shares during the period. Broadcom makes up approximately 3.7% of DSM Capital Partners LLC's holdings, making the stock its 9th largest holding. DSM Capital Partners LLC's holdings in Broadcom were worth $247,230,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Sawyer & Company Inc increased its position in Broadcom by 62.1% during the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock valued at $26,000 after buying an additional 36 shares in the last quarter. PFS Partners LLC lifted its position in Broadcom by 38.4% in the 2nd quarter. PFS Partners LLC now owns 137 shares of the semiconductor manufacturer's stock valued at $38,000 after acquiring an additional 38 shares in the last quarter. Costello Asset Management INC lifted its position in Broadcom by 1.5% in the 2nd quarter. Costello Asset Management INC now owns 2,528 shares of the semiconductor manufacturer's stock valued at $697,000 after acquiring an additional 38 shares in the last quarter. Waddell & Associates LLC lifted its position in Broadcom by 2.1% in the 1st quarter. Waddell & Associates LLC now owns 2,091 shares of the semiconductor manufacturer's stock valued at $350,000 after acquiring an additional 43 shares in the last quarter. Finally, Luts & Greenleigh Group Inc. lifted its position in Broadcom by 1.3% in the 2nd quarter. Luts & Greenleigh Group Inc. now owns 3,405 shares of the semiconductor manufacturer's stock valued at $939,000 after acquiring an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 76.43% of the company's stock.

Insider Buying and Selling

In other Broadcom news, CFO Kirsten M. Spears sold 7,498 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total value of $2,606,754.68. Following the completion of the sale, the chief financial officer owned 313,330 shares in the company, valued at approximately $108,932,307.80. This represents a 2.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Henry Samueli sold 368,797 shares of the stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total value of $124,620,194.27. Following the completion of the sale, the director owned 37,722,534 shares of the company's stock, valued at $12,746,821,463.94. The trade was a 0.97% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders purchased 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,464,248. 2.00% of the stock is owned by company insiders.

Broadcom Price Performance

Shares of Broadcom stock opened at $354.15 on Friday. Broadcom Inc. has a one year low of $138.10 and a one year high of $374.23. The stock's fifty day moving average is $326.84 and its 200 day moving average is $267.33. The stock has a market cap of $1.67 trillion, a P/E ratio of 90.34, a P/E/G ratio of 1.98 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 (NASDAQ:AVGO - Get Free Report) last announced its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS 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 for the quarter, compared to analysts' expectations of $15.82 billion. During the same period last year, the firm earned $1.24 EPS. Broadcom'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. Sell-side analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, September 22nd. Broadcom's dividend payout ratio (DPR) is currently 60.20%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AVGO shares. Wall Street Zen raised Broadcom from a "hold" rating to a "buy" rating in a research report on Saturday, September 6th. Truist Financial upped their price objective on Broadcom from $295.00 to $365.00 and gave the company a "buy" rating in a research report on Friday, September 5th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $340.00 price objective on shares of Broadcom in a research report on Wednesday, August 13th. JPMorgan Chase & Co. boosted their target price on shares of Broadcom from $325.00 to $400.00 and gave the company an "overweight" rating in a research note on Friday, September 5th. Finally, Macquarie started coverage on shares of Broadcom in a research note on Monday, September 15th. They set an "outperform" rating and a $420.00 target price for the company. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Broadcom presently has a consensus rating of "Buy" and an average target price of $372.33.

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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