Insight Holdings Group LLC Acquires 6,000 Shares of Broadcom Inc. $AVGO

Key Points

• Insight Holdings Group LLC increased its holdings in Broadcom Inc. by 29.0% in Q1, acquiring an additional 6,000 shares, bringing its total to 26,710 shares worth approximately $4,472,000.
• Several institutional investors, including Nuveen LLC and Goldman Sachs Group Inc., have made significant adjustments to their positions in Broadcom, contributing to a collective ownership of 76.43% of the company's stock.
• Broadcom recently declared a quarterly dividend of $0.59 per share, with a yield of 0.8%, and it announced a substantial increase in Q3 revenue, reporting $15.95 billion.

Insight Holdings Group LLC boosted its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 29.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,710 shares of the semiconductor manufacturer's stock after buying an additional 6,000 shares during the quarter. Broadcom accounts for approximately 0.3% of Insight Holdings Group LLC's holdings, making the stock its 18th biggest position. Insight Holdings Group LLC's holdings in Broadcom were worth $4,472,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AVGO. Nuveen LLC bought a new position in shares of Broadcom during the 1st quarter valued at approximately $6,649,117,000. Price T Rowe Associates Inc. MD boosted its stake in Broadcom by 37.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer's stock worth $10,968,270,000 after purchasing an additional 17,985,046 shares during the period. GAMMA Investing LLC boosted its stake in Broadcom by 18,179.3% in the 1st quarter. GAMMA Investing LLC now owns 17,276,164 shares of the semiconductor manufacturer's stock worth $2,892,548,000 after purchasing an additional 17,181,652 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Broadcom by 16.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 31,854,414 shares of the semiconductor manufacturer's stock worth $5,333,384,000 after acquiring an additional 4,550,647 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in Broadcom by 36.9% during the 1st quarter. Deutsche Bank AG now owns 15,758,895 shares of the semiconductor manufacturer's stock valued at $2,638,512,000 after buying an additional 4,245,345 shares during the period. Hedge funds and other institutional investors own 76.43% of the company's stock.

Insider Activity

In other news, insider Charlie B. Kawwas sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $252.88, for a total transaction of $2,528,800.00. Following the completion of the sale, the insider owned 789,784 shares of the company's stock, valued at approximately $199,720,577.92. This trade represents a 1.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Mark David Brazeal sold 50,000 shares of the firm's stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $253.28, for a total transaction of $12,664,000.00. Following the completion of the sale, the insider directly owned 415,956 shares of the company's stock, valued at approximately $105,353,335.68. This represents a 10.73% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 830,516 shares of company stock valued at $217,286,457. 2.00% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have weighed in on AVGO shares. UBS Group increased their target price on Broadcom from $290.00 to $345.00 and gave the stock a "buy" rating in a research note on Monday, August 25th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $300.00 target price on shares of Broadcom in a research note on Friday, June 6th. Oppenheimer reissued an "outperform" rating and issued a $325.00 price target (up previously from $305.00) on shares of Broadcom in a report on Thursday, August 28th. The Goldman Sachs Group restated a "buy" rating and issued a $340.00 price objective on shares of Broadcom in a research note on Wednesday, August 13th. Finally, HSBC raised Broadcom from a "hold" rating to a "buy" rating and set a $400.00 price objective on the stock in a report on Tuesday, June 24th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $304.17.

Broadcom Trading Up 1.2%

Shares of AVGO opened at $306.10 on Friday. 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 Inc. has a 12 month low of $134.90 and a 12 month high of $317.35. The stock's 50-day moving average is $290.78 and its two-hundred day moving average is $236.51. The stock has a market cap of $1.44 trillion, a PE ratio of 114.64, a P/E/G ratio of 2.15 and a beta of 1.16.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.66 by $0.03. The business had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.82 billion. Broadcom had a return on equity of 35.49% and a net margin of 22.64%.The business'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 company posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Equities analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders 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 yield of 0.8%. Broadcom's dividend payout ratio is 88.39%.

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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