Intech Investment Management LLC Purchases 233,752 Shares of Broadcom Inc. $AVGO

Key Points

• Intech Investment Management LLC increased its stake in Broadcom by 41.8% in Q1, acquiring an additional 233,752 shares, bringing its total holdings to 792,635 shares valued at $132.7 million.
• Broadcom's stock has received positive ratings from analysts, with three analysts rating it as a Strong Buy and a consensus price target of $351.92.
• The company announced a quarterly dividend of $0.59 per share, representing a 0.7% yield, scheduled to be paid on September 30th to investors of record.

Intech Investment Management LLC grew its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 41.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 792,635 shares of the semiconductor manufacturer's stock after acquiring an additional 233,752 shares during the quarter. Broadcom comprises approximately 1.4% of Intech Investment Management LLC's investment portfolio, making the stock its 7th biggest position. Intech Investment Management LLC's holdings in Broadcom were worth $132,711,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC increased its stake in Broadcom by 21.8% during the fourth quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer's stock worth $6,882,000 after purchasing an additional 5,322 shares during the period. Revolve Wealth Partners LLC lifted its stake in Broadcom by 10.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer's stock worth $1,854,000 after purchasing an additional 756 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its stake in Broadcom by 16.4% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 221,199 shares of the semiconductor manufacturer's stock worth $51,283,000 after purchasing an additional 31,225 shares during the last quarter. Lighthouse Investment Partners LLC lifted its stake in Broadcom by 88.2% during the fourth quarter. Lighthouse Investment Partners LLC now owns 7,529 shares of the semiconductor manufacturer's stock worth $1,746,000 after purchasing an additional 3,529 shares during the last quarter. Finally, NDVR Inc. lifted its stake in Broadcom by 10.7% in the fourth quarter. NDVR Inc. now owns 1,753 shares of the semiconductor manufacturer's stock valued at $406,000 after buying an additional 170 shares during the last quarter. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AVGO. UBS Group boosted their price objective on Broadcom from $290.00 to $345.00 and gave the company a "buy" rating in a research note on Monday, August 25th. Wells Fargo & Company upped their price objective on Broadcom from $255.00 to $345.00 and gave the stock an "equal weight" rating in a report on Friday, September 5th. Cowen reissued a "buy" rating on shares of Broadcom in a report on Friday, June 6th. Hsbc Global Res raised Broadcom from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 24th. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $340.00 target price on shares of Broadcom in a report on Wednesday, August 13th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $351.92.

Broadcom Stock Performance

NASDAQ AVGO opened at $336.67 on Wednesday. The business's 50-day moving average price is $294.92 and its 200 day moving average price is $238.95. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $356.34. The company has a market capitalization of $1.58 trillion, a PE ratio of 85.89, a price-to-earnings-growth ratio of 1.89 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 (NASDAQ:AVGO - Get Free Report) last released its earnings results 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. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The firm had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $15.82 billion. During the same period in the prior year, the business posted $1.24 earnings per share. The firm's revenue for the quarter was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. On average, research analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

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

Insider Activity

In related news, Director Henry Samueli sold 473,898 shares of the stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $265.33, for a total transaction of $125,739,356.34. Following the transaction, the director directly owned 38,188,575 shares in the company, valued at approximately $10,132,574,604.75. This represents a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Kirsten M. Spears sold 56,310 shares of the firm's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $251.75, for a total value of $14,176,042.50. Following the completion of the transaction, the chief financial officer owned 361,937 shares in the company, valued at approximately $91,117,639.75. This trade represents a 13.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 820,516 shares of company stock valued at $214,757,657 in the last three months. Company insiders own 2.00% of the company's stock.

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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