Erste Asset Management GmbH Boosts Stock Holdings in Broadcom Inc. $AVGO

Key Points

• Erste Asset Management GmbH increased its holdings in Broadcom Inc. by 7.1% during the first quarter, now owning 526,342 shares valued at approximately $89 million, making it the firm's 16th largest position.
• Institutional ownership in Broadcom stands at 76.43%, with several firms like Vanguard Group and Price T Rowe Associates also increasing their stakes significantly in recent quarters.
• Broadcom's quarterly earnings report showed a 20.2% year-over-year revenue increase to $15 billion, slightly surpassing analyst expectations, with an EPS of $1.58.

Erste Asset Management GmbH raised its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 7.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 526,342 shares of the semiconductor manufacturer's stock after purchasing an additional 34,700 shares during the period. Broadcom accounts for about 1.1% of Erste Asset Management GmbH's portfolio, making the stock its 16th largest position. Erste Asset Management GmbH's holdings in Broadcom were worth $89,031,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Broadcom by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 477,220,137 shares of the semiconductor manufacturer's stock valued at $79,900,968,000 after purchasing an additional 2,085,534 shares during the period. Northern Trust Corp increased its position in Broadcom by 12.0% during the 4th quarter. Northern Trust Corp now owns 49,087,351 shares of the semiconductor manufacturer's stock valued at $11,380,411,000 after purchasing an additional 5,258,925 shares during the period. Price T Rowe Associates Inc. MD increased its position in Broadcom by 46.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 47,524,533 shares of the semiconductor manufacturer's stock valued at $11,018,089,000 after purchasing an additional 15,171,849 shares during the period. Nuveen LLC bought a new stake in shares of Broadcom in the 1st quarter valued at about $6,649,117,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Broadcom by 1.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 34,401,379 shares of the semiconductor manufacturer's stock valued at $7,975,616,000 after buying an additional 581,704 shares in the last quarter. Hedge funds and other institutional investors own 76.43% of the company's stock.

Broadcom Trading Down 3.5%

Shares of NASDAQ:AVGO opened at $294.91 on Wednesday. Broadcom Inc. has a 52-week low of $134.90 and a 52-week high of $317.35. The stock has a market cap of $1.39 trillion, a price-to-earnings ratio of 110.45, a PEG ratio of 2.17 and a beta of 1.15. 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 business has a 50-day moving average price of $280.51 and a 200-day moving average price of $230.93.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly earnings data on Thursday, June 5th. The semiconductor manufacturer reported $1.58 EPS for the quarter, beating the consensus estimate of $1.57 by $0.01. Broadcom had a net margin of 22.64% and a return on equity of 35.49%. The business had revenue of $15 billion during the quarter, compared to analysts' expectations of $14.98 billion. During the same period in the previous year, the business posted $10.96 EPS. The business's quarterly revenue was up 20.2% compared to the same quarter last year. Broadcom has set its Q3 2025 guidance at EPS. Equities analysts predict that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

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

Insider Buying and Selling at Broadcom

In other Broadcom news, Director Justine Page sold 800 shares of Broadcom stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $307.46, for a total transaction of $245,968.00. Following the completion of the sale, the director directly owned 23,782 shares in the company, valued at approximately $7,312,013.72. The trade was a 3.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Gayla J. Delly sold 3,000 shares of Broadcom stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $265.13, for a total transaction of $795,390.00. Following the sale, the director owned 33,352 shares of the company's stock, valued at approximately $8,842,615.76. The trade was a 8.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 830,516 shares of company stock worth $217,286,457. Corporate insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AVGO shares. JPMorgan Chase & Co. raised their price target on shares of Broadcom from $250.00 to $325.00 and gave the company an "overweight" rating in a report on Friday, June 6th. Oppenheimer raised their price target on shares of Broadcom from $265.00 to $305.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. Cantor Fitzgerald restated an "overweight" rating and issued a $300.00 price target on shares of Broadcom in a report on Friday, June 6th. Evercore ISI restated an "outperform" rating and issued a $304.00 price target (up from $267.00) on shares of Broadcom in a report on Friday, June 6th. Finally, Bank of America raised their price target on shares of Broadcom from $240.00 to $300.00 and gave the company a "buy" rating in a report on Friday, June 6th. Three investment 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 company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $295.96.

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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