Broadcom Inc. $AVGO Stake Boosted by Ethic Inc.

Key Points

• Ethic Inc. increased its stake in Broadcom Inc. by 1.6%, owning a total of 324,090 shares worth approximately $54.62 million, making it the firm's 10th largest investment position.
• Insider trading activity includes notable sales, with Mark David Brazeal selling 50,000 shares for around $12.66 million, and Henry Samueli selling 473,898 shares for approximately $125.74 million.
• Broadcom's stock has an average analyst rating of "Buy," and several firms have raised their price targets, with KeyCorp and Barclays projecting new target prices of $330.00 and $265.00 respectively.

Ethic Inc. boosted its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 1.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 324,090 shares of the semiconductor manufacturer's stock after purchasing an additional 5,060 shares during the quarter. Broadcom comprises 1.1% of Ethic Inc.'s investment portfolio, making the stock its 10th largest holding. Ethic Inc.'s holdings in Broadcom were worth $54,616,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Barnes Dennig Private Wealth Management LLC bought a new position in Broadcom in the 1st quarter worth about $25,000. Cheviot Value Management LLC bought a new position in shares of Broadcom in the first quarter valued at approximately $25,000. Inlight Wealth Management LLC acquired a new stake in Broadcom in the 1st quarter valued at approximately $26,000. Sunbeam Capital Management LLC acquired a new position in shares of Broadcom in the fourth quarter valued at $28,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in Broadcom during the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 76.43% of the company's stock.

Broadcom Trading Down 2.9%

AVGO traded down $9.01 during mid-day trading on Tuesday, hitting $296.75. 7,947,747 shares of the stock were exchanged, compared to its average volume of 26,039,363. The firm's fifty day moving average is $279.50 and its two-hundred day moving average is $230.48. The company has a current ratio of 1.08, a quick ratio of 0.98 and a debt-to-equity ratio of 0.89. The company has a market cap of $1.40 trillion, a PE ratio of 111.26, a PEG ratio of 2.18 and a beta of 1.15. Broadcom Inc. has a 1-year low of $134.90 and a 1-year high of $317.35.

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

Broadcom Dividend Announcement

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

Insiders Place Their Bets

In related news, CFO Kirsten M. Spears sold 36,350 shares of Broadcom stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $261.27, for a total transaction of $9,497,164.50. Following the completion of the sale, the chief financial officer directly owned 325,587 shares of the company's stock, valued at $85,066,115.49. The trade was a 10.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gayla J. Delly sold 3,000 shares of the stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $265.13, for a total value of $795,390.00. Following the completion of the sale, the director directly 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 830,516 shares of company stock valued at $217,286,457. 2.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on AVGO. Barclays raised their price objective on shares of Broadcom from $215.00 to $265.00 and gave the stock an "overweight" rating in a report on Monday, June 9th. Arete Research upgraded 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. HSBC upgraded Broadcom from a "hold" rating to a "buy" rating and set a $400.00 price target for the company in a research note on Tuesday, June 24th. Finally, Hsbc Global Res upgraded Broadcom from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, June 24th. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $295.96.

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.