Broadcom Inc. $AVGO Stock Position Raised by Cardano Risk Management B.V.

Key Points

• Cardano Risk Management B.V. has increased its stake in Broadcom Inc. (NASDAQ:AVGO) by 5.6%, now owning 1,245,419 shares valued at approximately $343.3 million.
• Several other institutional investors have also raised their positions in Broadcom, contributing to 76.43% of the company’s stock being owned by institutional investors.
• Broadcom reported earnings of $1.69 EPS for the last quarter, surpassing expectations, with a year-over-year revenue increase of 22.0%, totaling $15.95 billion.

Cardano Risk Management B.V. increased its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 5.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,245,419 shares of the semiconductor manufacturer's stock after buying an additional 66,300 shares during the period. Broadcom comprises about 4.4% of Cardano Risk Management B.V.'s investment portfolio, making the stock its 5th largest position. Cardano Risk Management B.V.'s holdings in Broadcom were worth $343,300,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. PARUS FINANCE UK Ltd increased its position in shares of Broadcom by 175.3% in the 1st quarter. PARUS FINANCE UK Ltd now owns 100,578 shares of the semiconductor manufacturer's stock worth $16,840,000 after purchasing an additional 64,038 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in Broadcom by 27.9% in the first quarter. Geneos Wealth Management Inc. now owns 64,130 shares of the semiconductor manufacturer's stock valued at $10,737,000 after buying an additional 13,978 shares during the last quarter. Asio Capital LLC increased its holdings in Broadcom by 2.0% in the second quarter. Asio Capital LLC now owns 54,459 shares of the semiconductor manufacturer's stock valued at $15,012,000 after buying an additional 1,089 shares during the last quarter. Keener Financial Planning LLC increased its holdings 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 last quarter. Finally, Diversify Wealth Management LLC increased its holdings 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 last quarter. Institutional investors own 76.43% of the company's stock.

Broadcom Stock Up 2.1%

Broadcom stock opened at $351.33 on Thursday. Broadcom Inc. has a one year low of $138.10 and a one year high of $374.23. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. The firm has a market capitalization of $1.66 trillion, a P/E ratio of 89.63, a P/E/G ratio of 1.91 and a beta of 1.20. The company has a 50-day simple moving average of $325.83 and a 200-day simple moving average of $266.04.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $15.82 billion. During the same quarter in the prior year, the firm earned $1.24 EPS. Broadcom's quarterly revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The firm also recently disclosed 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 is 60.20%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on AVGO shares. Oppenheimer reiterated an "outperform" rating and issued a $360.00 price target (up from $325.00) on shares of Broadcom in a report on Friday, September 5th. Arete Research upgraded shares of Broadcom to a "strong-buy" rating in a research note on Monday, July 28th. Bank of America boosted their target price on shares of Broadcom from $300.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, September 5th. UBS Group set a $415.00 price objective on shares of Broadcom and gave the company a "buy" rating in a research report on Tuesday. Finally, Weiss Ratings downgraded shares of Broadcom from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $372.33.

Insider Buying and Selling

In other news, insider Charlie B. Kawwas sold 3,893 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total value of $1,354,063.26. Following the completion of the transaction, the insider owned 25,295 shares of the company's stock, valued at approximately $8,798,106.90. This represents a 13.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Kirsten M. Spears sold 7,498 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.66, for a total transaction of $2,606,754.68. Following the completion of the transaction, the chief financial officer owned 313,330 shares of the company's stock, valued at $108,932,307.80. This represents a 2.34% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 3,550 shares of company stock valued at $1,227,869 and have sold 664,471 shares valued at $225,184,128. 2.00% of the stock is owned by company 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.

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