Caisse DE Depot ET Placement DU Quebec Raises Holdings in Broadcom Inc. $AVGO

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its holdings in Broadcom Inc. by 24.7%, acquiring an additional 522,154 shares for a total of 2,637,419 shares, making Broadcom the 21st largest position in its portfolio.
• Broadcom's stock received positive attention from several analysts, with target prices boosted significantly, including JPMorgan's increase from $250 to $325 and Rosenblatt's from $223 to $340.
• Insider trading activity showed that Director Henry Samueli and CEO Hock E. Tan sold significant shares, indicating a collective decrease in their positions by 1.23% and 7.65%, respectively, over recent transactions.

Caisse DE Depot ET Placement DU Quebec increased its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 24.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,637,419 shares of the semiconductor manufacturer's stock after buying an additional 522,154 shares during the quarter. Broadcom comprises about 0.9% of Caisse DE Depot ET Placement DU Quebec's investment portfolio, making the stock its 21st biggest position. Caisse DE Depot ET Placement DU Quebec owned 0.06% of Broadcom worth $441,583,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. PARUS FINANCE UK Ltd lifted its holdings in shares of Broadcom by 175.3% during the 1st quarter. PARUS FINANCE UK Ltd now owns 100,578 shares of the semiconductor manufacturer's stock valued at $16,840,000 after acquiring an additional 64,038 shares in the last quarter. Keener Financial Planning LLC lifted its holdings in shares of Broadcom by 34.8% during the 1st quarter. Keener Financial Planning LLC now owns 890 shares of the semiconductor manufacturer's stock valued at $149,000 after acquiring an additional 230 shares in the last quarter. Diversify Wealth Management LLC lifted its holdings in shares of Broadcom by 5.6% during the 1st quarter. Diversify Wealth Management LLC now owns 38,016 shares of the semiconductor manufacturer's stock valued at $6,365,000 after acquiring an additional 2,016 shares in the last quarter. OMNI 360 Wealth Inc. lifted its holdings in shares of Broadcom by 51.6% during the 1st quarter. OMNI 360 Wealth Inc. now owns 2,980 shares of the semiconductor manufacturer's stock valued at $499,000 after acquiring an additional 1,014 shares in the last quarter. Finally, Algert Global LLC lifted its holdings in shares of Broadcom by 8.2% during the 1st quarter. Algert Global LLC now owns 60,976 shares of the semiconductor manufacturer's stock valued at $10,209,000 after acquiring an additional 4,618 shares in the last quarter. 76.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Broadcom from $250.00 to $325.00 and gave the company an "overweight" rating in a report on Friday, June 6th. Rosenblatt Securities boosted their price objective on shares of Broadcom from $223.00 to $340.00 and gave the stock a "buy" rating in a report on Friday, June 6th. Susquehanna boosted their price objective on shares of Broadcom from $280.00 to $300.00 and gave the stock a "positive" rating in a report on Friday, June 6th. Hsbc Global Res upgraded shares of Broadcom from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 24th. Finally, Piper Sandler boosted their price objective on shares of Broadcom from $300.00 to $315.00 and gave the stock an "overweight" rating in a report on Friday. Three equities 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 stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $298.67.

Insider Buying and Selling

In other news, Director Henry Samueli sold 473,898 shares of the business's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $265.33, for a total value of $125,739,356.34. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Hock E. Tan sold 40,000 shares of the stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $268.29, for a total transaction of $10,731,600.00. Following the sale, the chief executive officer owned 482,836 shares in the company, valued at approximately $129,540,070.44. This trade represents a 7.65% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 830,516 shares of company stock worth $217,286,457. 2.00% of the stock is currently owned by insiders.

Broadcom Price Performance

AVGO opened at $294.00 on Monday. The company has a 50-day moving average of $282.85 and a 200-day moving average of $232.34. The company has a market capitalization of $1.38 trillion, a P/E ratio of 110.11, a PEG ratio of 2.09 and a beta of 1.15. Broadcom Inc. has a 1-year low of $134.90 and a 1-year high of $317.35. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.98 and a current ratio of 1.08.

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

Broadcom Announces Dividend

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

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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