Broadcom Inc. $AVGO Shares Acquired by Federation des caisses Desjardins du Quebec

Key Points

• The Federation des caisses Desjardins du Quebec increased its holdings in Broadcom Inc. by 0.5%, acquiring an additional 2,151 shares, bringing their total to 431,993 shares worth approximately $72.3 million.
• Insider transactions revealed significant sales, including Mark David Brazeal selling 50,000 shares for $12.7 million and Director Henry Samueli selling 473,898 shares for over $125.7 million.
• Broadcom announced a quarterly dividend of $0.59, with an annualized yield of 0.8%, and analysts maintain a consensus rating of "Buy" for the stock.

Federation des caisses Desjardins du Quebec lifted its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 0.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 431,993 shares of the semiconductor manufacturer's stock after purchasing an additional 2,151 shares during the period. Federation des caisses Desjardins du Quebec's holdings in Broadcom were worth $72,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of AVGO. Vanguard Group Inc. grew its stake in shares of Broadcom by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 477,220,137 shares of the semiconductor manufacturer's stock worth $79,900,968,000 after buying an additional 2,085,534 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Broadcom by 37.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer's stock valued at $10,968,270,000 after buying an additional 17,985,046 shares in the last quarter. Nuveen LLC bought a new stake in shares of Broadcom in the 1st quarter valued at about $6,649,117,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised 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 purchasing an additional 581,704 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Broadcom by 3.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 33,852,310 shares of the semiconductor manufacturer's stock valued at $5,668,134,000 after purchasing an additional 1,043,948 shares in the last quarter. 76.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on AVGO shares. Redburn Atlantic started coverage on shares of Broadcom in a research report on Wednesday, May 28th. They issued a "buy" rating and a $301.00 price objective on the stock. Piper Sandler lifted their price objective on shares of Broadcom from $300.00 to $315.00 and gave the company an "overweight" rating in a research note on Friday, August 22nd. Wall Street Zen cut shares of Broadcom from a "buy" rating to a "hold" rating in a research note on Monday, August 25th. HSBC raised shares of Broadcom from a "hold" rating to a "buy" rating and set a $400.00 price target on the stock in a report on Tuesday, June 24th. Finally, Citigroup increased their price target on shares of Broadcom from $285.00 to $315.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Three 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. Based on data from MarketBeat.com, Broadcom has an average rating of "Buy" and a consensus price target of $302.58.

Insider Transactions at Broadcom

In other Broadcom news, Director Henry Samueli sold 473,898 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $265.33, for a total transaction of $125,739,356.34. Following the sale, the director owned 38,188,575 shares of the company's stock, valued at approximately $10,132,574,604.75. This trade represents a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Hock E. Tan sold 40,000 shares of the firm's stock in a transaction that occurred on 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 directly owned 482,836 shares in the company, valued at approximately $129,540,070.44. The trade was a 7.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 830,516 shares of company stock valued at $217,286,457 over the last quarter. Insiders own 2.00% of the company's stock.

Broadcom Stock Up 1.4%

Shares of NASDAQ AVGO traded up $4.15 during midday trading on Wednesday, hitting $302.39. The company's stock had a trading volume of 18,480,510 shares, compared to its average volume of 16,772,411. The business's fifty day simple moving average is $290.06 and its two-hundred day simple moving average is $236.01. The firm has a market capitalization of $1.42 trillion, a price-to-earnings ratio of 113.25, a price-to-earnings-growth ratio of 2.11 and a beta of 1.16. 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 current ratio of 1.08 and a quick ratio of 0.98.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued 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. The firm had revenue of $15 billion for the quarter, compared to analysts' expectations of $14.98 billion. Broadcom had a net margin of 22.64% and a return on equity of 35.49%. The firm's revenue was up 20.2% compared to the same quarter last year. During the same quarter last year, the company earned $10.96 earnings per share. Broadcom has set its Q3 2025 guidance at EPS. On average, equities analysts predict that Broadcom Inc. will post 5.38 EPS for the current year.

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.