Dynamic Technology Lab Private Ltd Purchases Shares of 15,122 Broadcom Inc. $AVGO

Key Points

• Dynamic Technology Lab Private Ltd has acquired 15,122 shares of Broadcom Inc. valued at approximately $2.53 million as part of a new investment in the company.
• Several hedge funds have increased their stakes in Broadcom, with institutional investors owning 76.43% of the company's stock.
• Broadcom's stock has seen significant analyst support, with multiple firms raising their price targets, reflecting an overall market sentiment of "buy" or better ratings.

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund purchased 15,122 shares of the semiconductor manufacturer's stock, valued at approximately $2,532,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Coordinated Financial Services Inc. CO acquired a new position in Broadcom during the 1st quarter valued at about $688,000. Temasek Holdings Private Ltd boosted its stake in Broadcom by 7.2% during the 1st quarter. Temasek Holdings Private Ltd now owns 3,163,542 shares of the semiconductor manufacturer's stock valued at $529,672,000 after purchasing an additional 211,611 shares during the last quarter. Talon Private Wealth LLC boosted its stake in Broadcom by 489.1% during the 1st quarter. Talon Private Wealth LLC now owns 13,833 shares of the semiconductor manufacturer's stock valued at $2,375,000 after purchasing an additional 11,485 shares during the last quarter. Teza Capital Management LLC acquired a new position in Broadcom during the 1st quarter valued at about $685,000. Finally, Select Equity Group L.P. boosted its stake in Broadcom by 131.6% during the 1st quarter. Select Equity Group L.P. now owns 23,317 shares of the semiconductor manufacturer's stock valued at $3,904,000 after purchasing an additional 13,249 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company's stock.

Insider Transactions at Broadcom

In other news, insider Charlie B. Kawwas sold 10,000 shares of the firm's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $252.88, for a total value of $2,528,800.00. Following the completion of the transaction, the insider directly owned 789,784 shares of the company's stock, valued at $199,720,577.92. This trade represents a 1.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark David Brazeal sold 50,000 shares of the firm's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $253.28, for a total value of $12,664,000.00. Following the completion of the transaction, the insider directly owned 415,956 shares of the company's stock, valued at $105,353,335.68. The trade was a 10.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 830,516 shares of company stock valued at $217,286,457. 2.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

AVGO has been the subject of several analyst reports. Morgan Stanley increased their price objective on shares of Broadcom from $338.00 to $357.00 and gave the company an "overweight" rating in a research note on Tuesday, September 2nd. Arete Research raised Broadcom to a "strong-buy" rating in a research report on Monday, July 28th. Erste Group Bank raised Broadcom from a "hold" rating to a "buy" rating in a research report on Thursday, June 5th. Mizuho increased their price target on Broadcom from $320.00 to $355.00 and gave the company an "outperform" rating in a research report on Friday. Finally, Sanford C. Bernstein increased their price target on Broadcom from $295.00 to $400.00 and gave the company an "outperform" rating in a research report on Friday. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $351.00.

Broadcom Stock Up 9.4%

AVGO opened at $334.89 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.08 and a debt-to-equity ratio of 0.89. The stock has a market cap of $1.58 trillion, a price-to-earnings ratio of 85.43, a PEG ratio of 2.38 and a beta of 1.16. Broadcom Inc. has a twelve month low of $134.90 and a twelve month high of $356.34. The company's 50-day moving average price is $292.09 and its two-hundred day moving average price is $237.31.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, beating analysts' consensus estimates of $1.66 by $0.03. The firm had revenue of $15.95 billion for the quarter, compared to analysts' expectations of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 37.17%. The company's quarterly revenue was up 22.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.24 earnings per share. 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 announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd will be paid a $0.59 dividend. The ex-dividend date is Monday, September 22nd. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. Broadcom's dividend payout ratio (DPR) is presently 60.20%.

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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