IFM Investors Pty Ltd Has $141.10 Million Stock Holdings in Broadcom Inc. $AVGO

Key Points

• IFM Investors Pty Ltd increased its stake in Broadcom Inc. by 0.5% in Q1, now owning 842,741 shares valued at approximately $141.1 million, making it the firm's 9th largest holding.
• Multiple analysts have raised their price targets for Broadcom, with Bank of America setting a new target of $400.00 and the consensus target price now at $351.92.
• Broadcom reported $1.69 EPS for the quarter, surpassing expectations, with revenue totaling $15.95 billion, an increase of 22% year-over-year.

IFM Investors Pty Ltd raised its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 0.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 842,741 shares of the semiconductor manufacturer's stock after purchasing an additional 3,974 shares during the period. Broadcom makes up about 1.5% of IFM Investors Pty Ltd's portfolio, making the stock its 9th largest holding. IFM Investors Pty Ltd's holdings in Broadcom were worth $141,100,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several brokerages have issued reports on AVGO. Bank of America lifted their target price on shares of Broadcom from $300.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, September 5th. HSBC raised shares of Broadcom from a "hold" rating to a "buy" rating and set a $400.00 price objective on the stock in a research report on Tuesday, June 24th. Susquehanna boosted 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. UBS Group upped their target price on shares of Broadcom from $290.00 to $345.00 and gave the stock a "buy" rating in a research report on Monday, August 25th. Finally, Cowen reiterated a "buy" rating on shares of Broadcom in a research note on Friday, June 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, Broadcom currently has a consensus rating of "Buy" and a consensus target price of $351.92.

Broadcom Price Performance

AVGO opened at $336.67 on Wednesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. The stock has a market capitalization of $1.58 trillion, a P/E ratio of 85.89, a P/E/G ratio of 1.89 and a beta of 1.16. The company's 50-day simple moving average is $294.92 and its two-hundred day simple moving average is $238.95. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $356.34.

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

Broadcom Announces Dividend

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

Insider Activity 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 in the company, valued at approximately $10,132,574,604.75. This trade represents a 1.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Justine Page sold 800 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $307.46, for a total transaction of $245,968.00. Following the sale, the director owned 23,782 shares in the company, valued at approximately $7,312,013.72. The trade was a 3.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 820,516 shares of company stock worth $214,757,657 in the last 90 days. Insiders own 2.00% of the company's stock.

Broadcom Company 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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