Gordian Capital Singapore Pte Ltd Acquires 4,354 Shares of Broadcom Inc. $AVGO

Key Points

• Gordian Capital Singapore Pte Ltd significantly increased its holdings in Broadcom Inc. by 2,809.0% during the first quarter, acquiring an additional 4,354 shares, bringing its total to 4,509 shares valued at approximately $761,000.
• Multiple institutional investors have recently invested in Broadcom, with 76.43% of the stock now owned by hedge funds and other institutional investors, reflecting increasing confidence in the company's future prospects.
• Broadcom's stock has a consensus rating of "Buy" among analysts, who have set an average price target of $301.79, following upgrades from several firms to a "strong-buy" rating.

Gordian Capital Singapore Pte Ltd grew its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 2,809.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,509 shares of the semiconductor manufacturer's stock after purchasing an additional 4,354 shares during the period. Gordian Capital Singapore Pte Ltd's holdings in Broadcom were worth $761,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Broadcom during the 1st quarter valued at about $25,000. Cheviot Value Management LLC purchased a new stake in Broadcom in the first quarter worth approximately $25,000. Inlight Wealth Management LLC bought a new stake in Broadcom in the 1st quarter worth approximately $26,000. Sunbeam Capital Management LLC purchased a new stake in Broadcom during the 4th quarter valued at $28,000. Finally, Vermillion Wealth Management Inc. bought a new position in shares of Broadcom during the 4th quarter valued at $30,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AVGO has been the topic of a number of recent research reports. Hsbc Global Res raised Broadcom from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 24th. Arete Research upgraded shares of Broadcom to a "strong-buy" rating in a research note on Monday, July 28th. Truist Financial set a $295.00 target price on shares of Broadcom and gave the company a "buy" rating in a research report on Friday, June 6th. The Goldman Sachs Group reiterated a "buy" rating and set a $340.00 price target on shares of Broadcom in a research note on Wednesday, August 13th. Finally, Bank of America upped their price objective on Broadcom from $240.00 to $300.00 and gave the stock a "buy" rating in a research note on Friday, June 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Broadcom presently has a consensus rating of "Buy" and an average price target of $301.79.

Insider Transactions at Broadcom

In related news, Director Henry Samueli sold 473,898 shares of the firm's stock in a transaction 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 completion of the transaction, the director directly 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 legal filing with the SEC, which is accessible through this link. Also, CFO Kirsten M. Spears sold 56,310 shares of the business's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $251.75, for a total transaction of $14,176,042.50. Following the completion of the sale, the chief financial officer owned 361,937 shares in the company, valued at approximately $91,117,639.75. The trade was a 13.46% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 830,516 shares of company stock valued at $217,286,457. 2.00% of the stock is owned by corporate insiders.

Broadcom Trading Up 2.8%

Shares of Broadcom stock opened at $308.65 on Friday. Broadcom Inc. has a fifty-two week low of $134.90 and a fifty-two week high of $317.35. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.98 and a current ratio of 1.08. The company has a market capitalization of $1.45 trillion, a P/E ratio of 115.60, a P/E/G ratio of 2.14 and a beta of 1.15. The company has a fifty day moving average of $286.79 and a 200 day moving average of $234.25.

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 return on equity of 35.49% and a net margin of 22.64%.The business had revenue of $15 billion for the quarter, compared to the consensus estimate of $14.98 billion. During the same period in the previous year, the business earned $10.96 earnings per share. The business's revenue was up 20.2% on a year-over-year basis. Broadcom has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

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

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.

Want to see what other hedge funds are holding AVGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadcom Inc. (NASDAQ:AVGO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.