Formuepleje A S Has $40.43 Million Stock Holdings in Broadcom Inc. $AVGO

Key Points

• Formuepleje A S increased its Broadcom stake by 19.5% in the second quarter, holding 107,017 shares worth approximately $40.43 million. Broadcom represents about 3.2% of the firm's portfolio, while institutional investors collectively own 76.43% of the stock.
• Broadcom reported quarterly EPS of $3.32, exceeding estimates of $3.22, while revenue rose 85.5% year over year to $29.59 billion. The company also declared a quarterly dividend of $0.65 per share, equivalent to a 0.8% annualized yield.
• Wall Street maintains a broadly positive view, with a consensus rating of “Moderate Buy” and an average price target of $509.04. However, valuation, macroeconomic conditions, customer concentration and potential VMware-related risks remain concerns.

Formuepleje A S increased its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 19.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,017 shares of the semiconductor manufacturer's stock after buying an additional 17,497 shares during the quarter. Broadcom accounts for approximately 3.2% of Formuepleje A S's holdings, making the stock its 13th biggest position. Formuepleje A S's holdings in Broadcom were worth $40,426,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of AVGO. Principia Wealth Advisory LLC lifted its holdings in shares of Broadcom by 34.5% during the 2nd quarter. Principia Wealth Advisory LLC now owns 425 shares of the semiconductor manufacturer's stock valued at $161,000 after buying an additional 109 shares during the last quarter. Amundi increased its holdings in Broadcom by 2.6% in the second quarter. Amundi now owns 26,729,788 shares of the semiconductor manufacturer's stock worth $10,097,094,000 after buying an additional 664,902 shares during the last quarter. Wellington Grp LLC raised its position in Broadcom by 12.5% during the second quarter. Wellington Grp LLC now owns 10,876 shares of the semiconductor manufacturer's stock valued at $4,108,000 after acquiring an additional 1,206 shares in the last quarter. Brown Financial Advisors raised its position in Broadcom by 2.2% during the second quarter. Brown Financial Advisors now owns 9,168 shares of the semiconductor manufacturer's stock valued at $3,463,000 after acquiring an additional 195 shares in the last quarter. Finally, Kingsbury Capital Investment Advisors LLC lifted its stake in Broadcom by 4.1% in the second quarter. Kingsbury Capital Investment Advisors LLC now owns 1,590 shares of the semiconductor manufacturer's stock valued at $601,000 after acquiring an additional 63 shares during the last quarter. 76.43% of the stock is owned by institutional investors and hedge funds.

Broadcom Stock Performance

AVGO opened at $339.51 on Thursday. The firm has a market capitalization of $1.62 trillion, a P/E ratio of 43.36 and a beta of 1.44. The stock's 50 day moving average price is $380.83 and its two-hundred day moving average price is $378.97. The company has a quick ratio of 2.29, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. Broadcom Inc. has a 12-month low of $289.96 and a 12-month high of $495.00.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, topping analysts' consensus estimates of $3.22 by $0.10. Broadcom had a return on equity of 48.33% and a net margin of 42.94%.The company had revenue of $29.59 billion during the quarter, compared to analyst estimates of $29.24 billion. During the same period in the previous year, the company earned $1.69 earnings per share. The company's quarterly revenue was up 85.5% compared to the same quarter last year. On average, equities analysts forecast that Broadcom Inc. will post 10.36 earnings per share for the current year.

Broadcom Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a $2.60 dividend on an annualized basis and a yield of 0.8%. Broadcom's dividend payout ratio (DPR) is 33.21%.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: CEO Hock Tan said Broadcom’s AI revenue targets have not changed despite calls from Anthropic and OpenAI executives to slow development of increasingly powerful models. The comments helped reinforce management’s confidence in sustained demand. Broadcom CEO delivers blunt verdict on AI’s biggest debate right now
• Positive Sentiment: Analysts and bullish commentators point to Broadcom’s 221% year-over-year AI revenue growth, strong guidance and potential for significant upside following the recent selloff. Several reports argue that the stock’s valuation is attractive relative to its growth and custom-chip competitors. Wall Street Sees 56% Upside in Broadcom After Summer Selloff
• Positive Sentiment: Broadcom’s reported supply constraint may be more significant than demand weakness. Piper Sandler estimated that demand for the company’s AI inference ASICs is roughly twice available supply and assigned an Overweight rating with a $460 price target. Broadcom’s Real Constraint Isn’t Demand. It’s Supply.
• Positive Sentiment: Recent coverage also cites new fourth-quarter revenue guidance, share-repurchase activity and continued dividend support as potential catalysts for shareholder returns. Broadcom Could Be 47% Below Fair Value
• Neutral Sentiment: Commentary remains divided: Broadcom’s earnings growth and AI exposure are viewed favorably, while valuation, macroeconomic conditions and customer concentration remain important risks for investors. Bull v. Bear: AVGO Shows Strong Earnings Growth, Macro Risks Weigh on Stock
• Negative Sentiment: Shares declined as Anthropic’s CEO called for a pause in rapidly scaling AI systems and OpenAI’s leadership expressed similar caution. Investors reassessed whether slower AI model development could reduce future orders for chips, networking equipment and custom accelerators. Broadcom Shares Fell As Slower AI Development Raised Demand Concerns
• Negative Sentiment: Bearish analysis highlights potential margin pressure, financing needs and regulatory concerns related to VMware, adding uncertainty despite Broadcom’s strong AI outlook. Broadcom’s strong AI growth faces margin, financing risks

Insider Activity at Broadcom

In related news, Director Gayla J. Delly sold 1,890 shares of the company's stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $385.38, for a total value of $728,368.20. Following the completion of the transaction, the director directly owned 31,326 shares in the company, valued at approximately $12,072,413.88. This represents a 5.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mark Brazeal sold 25,000 shares of the firm's stock in a transaction on Friday, July 10th. The stock was sold at an average price of $401.33, for a total value of $10,033,250.00. Following the completion of the transaction, the insider directly owned 194,989 shares of the company's stock, valued at approximately $78,254,935.37. This trade represents a 11.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 53,492 shares of company stock worth $20,840,292 over the last three months. Company insiders own 1.90% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on AVGO shares. The Goldman Sachs Group reissued a "buy" rating on shares of Broadcom in a research report on Monday, August 3rd. DA Davidson set a $350.00 price objective on shares of Broadcom and gave the company a "neutral" rating in a research note on Friday, September 4th. Weiss Ratings cut shares of Broadcom from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, July 30th. Bank of America increased their target price on shares of Broadcom from $450.00 to $530.00 and gave the stock a "buy" rating in a research report on Thursday, June 4th. Finally, Citigroup restated a "buy" rating and set a $515.00 target price (up from $500.00) on shares of Broadcom in a report on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $509.04.

About Broadcom

Broadcom Inc NASDAQ: AVGO designs, develops and supplies semiconductor and infrastructure software products for businesses, telecommunications providers and other organizations worldwide. Its semiconductor portfolio includes networking and connectivity components, custom application-specific integrated circuits, broadband and wireless communications products, storage adapters, optical components, and industrial solutions.

The company also provides enterprise infrastructure software through businesses including VMware, which offers virtualization and private- and hybrid-cloud solutions; mainframe and enterprise software; and cybersecurity products.

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