C WorldWide Group Holding A S Purchases Shares of 424,815 Broadcom Inc. $AVGO

Key Points

• C WorldWide Group Holding A/S acquired 424,815 Broadcom shares worth approximately $160.5 million, making Broadcom its 10th-largest holding and representing about 4% of its portfolio. Institutional investors collectively own 76.43% of the company.
• Analysts remain broadly bullish, with 28 Buy, one Strong Buy and four Hold ratings. Broadcom has an average “Moderate Buy” rating and a consensus price target of $509.04, while several brokerages recently raised their targets.
• Broadcom exceeded quarterly earnings and revenue estimates, reporting $3.32 in EPS and $29.59 billion in revenue, up 85.5% year over year. Its AI custom-chip opportunity is a major growth catalyst, though concerns about hyperscaler spending and recent insider selling remain risks.

C WorldWide Group Holding A S acquired a new position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 424,815 shares of the semiconductor manufacturer's stock, valued at approximately $160,474,000. Broadcom accounts for about 4.0% of C WorldWide Group Holding A S's holdings, making the stock its 10th largest holding.

Other hedge funds have also modified their holdings of the company. Networth Advisors LLC boosted its position in Broadcom by 546.2% during the 1st quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer's stock worth $26,000 after acquiring an additional 71 shares during the last quarter. Harborfront Financial Group LLC acquired a new stake in shares of Broadcom in the second quarter valued at approximately $38,000. Cherry Tree Wealth Management LLC lifted its position in shares of Broadcom by 44.9% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 129 shares of the semiconductor manufacturer's stock worth $45,000 after purchasing an additional 40 shares in the last quarter. Godfrey Financial Associates Inc. bought a new stake in shares of Broadcom in the fourth quarter worth $56,000. Finally, IMG Wealth Management Inc. acquired a new position in Broadcom during the second quarter worth $64,000. 76.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on AVGO. Oppenheimer reiterated an "outperform" rating and issued a $535.00 price target (up from $450.00) on shares of Broadcom in a research note on Thursday, June 4th. JPMorgan Chase & Co. raised their price objective on Broadcom from $500.00 to $580.00 and gave the company an "overweight" rating in a report on Thursday, June 4th. Morgan Stanley restated an "overweight" rating and issued a $505.00 price objective (up from $502.00) on shares of Broadcom in a report on Thursday, September 3rd. Citigroup reaffirmed a "buy" rating and issued a $515.00 target price (up from $500.00) on shares of Broadcom in a research report on Friday, September 4th. Finally, Benchmark upped their target price on Broadcom from $485.00 to $545.00 and gave the stock a "buy" rating in a report on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $509.04.

Broadcom Stock Performance

NASDAQ:AVGO opened at $347.30 on Friday. The stock has a 50 day simple moving average of $379.76 and a 200 day simple moving average of $379.16. The stock has a market cap of $1.66 trillion, a P/E ratio of 44.36 and a beta of 1.44. Broadcom Inc. has a 1-year low of $289.96 and a 1-year high of $495.00. The company has a current ratio of 2.50, a quick ratio of 2.29 and a debt-to-equity ratio of 0.57.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, topping analysts' consensus estimates of $3.22 by $0.10. The company had revenue of $29.59 billion during the quarter, compared to the consensus estimate of $29.24 billion. Broadcom had a return on equity of 48.33% and a net margin of 42.94%.The company's revenue was up 85.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.69 earnings per share. Research analysts anticipate that Broadcom Inc. will post 10.36 earnings per share for the current year.

Broadcom Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, September 21st. Broadcom's payout ratio is 33.21%.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s custom-chip opportunity remains the main bullish catalyst. Management forecasts AI semiconductor revenue of approximately $115 billion in fiscal 2027 and $230 billion in fiscal 2028, while recent reports say AI chip orders are tripling. Investors are looking for evidence that these orders will translate into revenue and earnings growth. Investors Want to Know When Broadcom’s Custom Hyperscaler Chips Will Move Share Prices
• Positive Sentiment: Analysts and market commentators see substantial upside after the summer selloff. Jim Cramer called AVGO potentially “too cheap to ignore,” while other coverage points to a wide gap between the current share price and Wall Street price targets. Jim Cramer on Broadcom: The Stock May Be Too Cheap to Ignore
• Positive Sentiment: Broadcom is viewed as a key supplier to the next phase of AI infrastructure, including custom accelerators, networking and inference hardware. Industry commentary also highlights potential growth in enterprise AI and VMware private-cloud demand, although the evidence for that software trend is mixed. Enterprise AI to Boost Broadcom’s Software Business
• Neutral Sentiment: The broader semiconductor rebound helped lift AVGO, but the stock’s performance is still being driven more by expectations than by newly announced company-specific results. Investors are waiting for custom-hyperscaler chip deployments to produce visible financial impact.
• Negative Sentiment: Shares have faced pressure after Anthropic and OpenAI leaders urged caution around rapidly scaling advanced AI models. That has raised concerns that hyperscalers could slow infrastructure spending, even though Broadcom’s CEO has reportedly maintained the company’s AI revenue targets. Broadcom Shares Fell as Slower AI Development Raised Demand Concerns

Insider Activity at Broadcom

In other news, Director Gayla Delly sold 1,890 shares of the stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $385.38, for a total transaction of $728,368.20. Following the sale, the director directly owned 31,326 shares of the company's stock, valued at approximately $12,072,413.88. This represents a 5.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Justine Page sold 1,602 shares of the stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $373.86, for a total transaction of $598,923.72. Following the sale, the director owned 17,426 shares in the company, valued at $6,514,884.36. The trade was a 8.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 53,492 shares of company stock worth $20,840,292. Company insiders own 1.90% of the company's stock.

About Broadcom

Broadcom Inc NASDAQ: AVGO designs, develops and supplies semiconductor and infrastructure software products for businesses, telecommunications providers and other organizations worldwide. Its semiconductor portfolio includes networking and connectivity components, custom application-specific integrated circuits, broadband and wireless communications products, storage adapters, optical components, and industrial solutions.

The company also provides enterprise infrastructure software through businesses including VMware, which offers virtualization and private- and hybrid-cloud solutions; mainframe and enterprise software; and cybersecurity products.

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