Edmond DE Rothschild Holding S.A. Has $24.01 Million Stake in Broadcom Inc. $AVGO

Key Points

• Edmond DE Rothschild Holding S.A. reduced its stake in Broadcom Inc. by 17.4% during the first quarter, selling 30,131 shares, and now holds a total of 143,426 shares valued at approximately $24 million.
• Broadcom announced earnings exceeding analyst expectations, reporting a revenue of $15 billion and an EPS of $1.58, marking a year-over-year revenue increase of 20.2%.
• Several brokerages have raised their price targets for Broadcom, with JPMorgan predicting a target of $325.00, indicating strong market confidence despite some recent insider sales.

Edmond DE Rothschild Holding S.A. cut its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 17.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 143,426 shares of the semiconductor manufacturer's stock after selling 30,131 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in Broadcom were worth $24,014,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. PARUS FINANCE UK Ltd boosted its stake 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 worth $16,840,000 after acquiring an additional 64,038 shares in the last quarter. Keener Financial Planning LLC boosted its stake 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 worth $149,000 after acquiring an additional 230 shares in the last quarter. Diversify Wealth Management LLC boosted its stake 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 worth $6,365,000 after acquiring an additional 2,016 shares in the last quarter. OMNI 360 Wealth Inc. boosted its stake 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 worth $499,000 after acquiring an additional 1,014 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its stake in shares of Broadcom by 1.3% during the 1st quarter. Gamco Investors INC. ET AL now owns 54,406 shares of the semiconductor manufacturer's stock worth $9,109,000 after acquiring an additional 700 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Evercore ISI reiterated an "outperform" rating and set a $342.00 price target (up previously from $304.00) on shares of Broadcom in a research note on Thursday. JPMorgan Chase & Co. increased their target price on Broadcom from $325.00 to $400.00 and gave the company an "overweight" rating in a research note on Friday. Sanford C. Bernstein increased their price objective on Broadcom from $295.00 to $400.00 and gave the company an "outperform" rating in a research report on Friday. KeyCorp increased their price objective on Broadcom from $330.00 to $400.00 and gave the company an "overweight" rating in a research report on Friday. Finally, Bank of America increased their price objective on Broadcom from $300.00 to $400.00 and gave the company a "buy" rating in a research report on Friday. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $351.00.

Insiders Place Their Bets

In other Broadcom news, CEO Hock E. Tan sold 117,758 shares of Broadcom stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $252.91, for a total transaction of $29,782,175.78. Following the completion of the transaction, the chief executive officer directly owned 1,014,152 shares of the company's stock, valued at approximately $256,489,182.32. This trade represents a 10.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Henry Samueli sold 473,898 shares of Broadcom stock in a transaction on 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 transaction, the director directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 830,516 shares of company stock worth $217,286,457 in the last 90 days. 2.00% of the stock is owned by corporate insiders.

Broadcom Stock Performance

Shares of AVGO stock traded up $28.79 during mid-day trading on Friday, reaching $334.89. The stock had a trading volume of 78,318,626 shares, compared to its average volume of 17,635,120. The firm's 50 day simple moving average is $292.09 and its 200 day simple moving average is $237.31. The company has a quick ratio of 0.98, a current ratio of 1.08 and a debt-to-equity ratio of 0.89. Broadcom Inc. has a one year low of $134.90 and a one year high of $356.34. The firm has a market cap of $1.58 trillion, a PE ratio of 85.43, a P/E/G ratio of 2.38 and a beta of 1.16.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly earnings data 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 37.17% and a net margin of 31.59%.The company had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.82 billion. During the same quarter last year, the company earned $1.24 EPS. The company's quarterly revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. On average, analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

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

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.