First Hawaiian Bank Acquires 3,936 Shares of Broadcom Inc. $AVGO

Key Points

• First Hawaiian Bank has increased its stake in Broadcom Inc. by 11.4% to a total of 38,372 shares, worth approximately $6.43 million.
• Several institutional investors have acquired new stakes in Broadcom, contributing to a total institutional ownership of 76.43%.
• Broadcom's latest earnings report showed a revenue of $15.95 billion and earnings per share of $1.69, exceeding analyst expectations.

First Hawaiian Bank raised its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 11.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 38,372 shares of the semiconductor manufacturer's stock after acquiring an additional 3,936 shares during the period. First Hawaiian Bank's holdings in Broadcom were worth $6,425,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sunbeam Capital Management LLC bought a new stake in shares of Broadcom during the 4th quarter valued at $28,000. Vermillion Wealth Management Inc. bought a new stake in shares of Broadcom in the 4th quarter valued at $30,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Broadcom in the 1st quarter valued at $25,000. Cheviot Value Management LLC bought a new stake in shares of Broadcom in the 1st quarter valued at $25,000. Finally, Inlight Wealth Management LLC bought a new stake in shares of Broadcom in the 1st quarter valued at $26,000. Institutional investors own 76.43% of the company's stock.

Insider Activity at Broadcom

In other news, Director Gayla J. Delly sold 3,000 shares of the stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $265.13, for a total transaction of $795,390.00. Following the completion of the transaction, the director directly owned 33,352 shares in the company, valued at $8,842,615.76. This represents a 8.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Hock E. Tan sold 40,000 shares of the stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $262.17, for a total transaction of $10,486,800.00. Following the transaction, the chief executive officer owned 974,152 shares of the company's stock, valued at approximately $255,393,429.84. This represents a 3.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 3,550 shares of company stock worth $1,227,869 and sold 702,758 shares worth $184,975,481. Corporate insiders own 2.00% of the company's stock.

Broadcom Price Performance

Shares of NASDAQ AVGO opened at $359.63 on Friday. The firm has a market cap of $1.69 trillion, a PE ratio of 91.74, a PEG ratio of 2.04 and a beta of 1.16. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $374.23. The company has a fifty day moving average price of $298.61 and a 200 day moving average price of $240.90.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping analysts' consensus estimates of $1.66 by $0.03. The firm had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The company's revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Research analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

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

Analysts Set New Price Targets

A number of research firms recently commented on AVGO. Piper Sandler upped their price objective on shares of Broadcom from $315.00 to $375.00 and gave the company an "overweight" rating in a research report on Friday, September 5th. Susquehanna upped their price objective on shares of Broadcom from $280.00 to $300.00 and gave the company a "positive" rating in a research report on Friday, June 6th. Cantor Fitzgerald restated an "overweight" rating and issued a $300.00 price objective on shares of Broadcom in a research report on Friday, June 6th. KeyCorp upped their price objective on shares of Broadcom from $330.00 to $400.00 and gave the company an "overweight" rating in a research report on Friday, September 5th. Finally, Barclays upped their price objective on shares of Broadcom from $265.00 to $400.00 and gave the company an "overweight" rating in a research report on Friday, September 5th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Broadcom has an average rating of "Buy" and an average price target of $351.92.

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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