J. Safra Sarasin Holding AG Has $125.41 Million Stock Holdings in Broadcom Inc. $AVGO

Key Points

• J. Safra Sarasin Holding AG reduced its stake in Broadcom Inc. by 14.7%, resulting in ownership of 455,547 shares valued at approximately $125.41 million.
• Broadcom reported a quarterly earnings per share (EPS) of $1.69, exceeding analysts' estimates, with a revenue of $15.95 billion, up 22% year-over-year.
• The company has recently announced a quarterly dividend of $0.59 per share, reflecting an annualized dividend yield of 0.7% and a payout ratio of 60.20%.

J. Safra Sarasin Holding AG decreased its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 14.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 455,547 shares of the semiconductor manufacturer's stock after selling 78,301 shares during the period. Broadcom accounts for 2.2% of J. Safra Sarasin Holding AG's holdings, making the stock its 6th biggest position. J. Safra Sarasin Holding AG's holdings in Broadcom were worth $125,409,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Barnes Dennig Private Wealth Management LLC purchased a new stake in Broadcom in the first quarter valued at about $25,000. Cheviot Value Management LLC acquired a new stake in shares of Broadcom during the first quarter worth about $25,000. Inlight Wealth Management LLC purchased a new stake in Broadcom in the first quarter valued at approximately $26,000. Sawyer & Company Inc increased its holdings in Broadcom by 62.1% in the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock worth $26,000 after buying an additional 36 shares during the period. Finally, Legend Financial Advisors Inc. purchased a new position in Broadcom during the 2nd quarter worth approximately $28,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Broadcom Price Performance

NASDAQ:AVGO opened at $335.49 on Tuesday. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $374.23. The stock's 50-day moving average price is $319.25 and its 200-day moving average price is $259.24. The stock has a market capitalization of $1.58 trillion, a PE ratio of 85.58, a price-to-earnings-growth ratio of 1.87 and a beta of 1.20.

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

Broadcom Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were given a dividend of $0.59 per share. The ex-dividend date was 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 60.20%.

Insider Transactions at Broadcom

In other Broadcom news, insider Charlie B. Kawwas sold 3,893 shares of the stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the transaction, the insider directly owned 25,295 shares of the company's stock, valued at $8,798,106.90. This trade represents a 13.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mark David Brazeal sold 16,558 shares of Broadcom stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the completion of the sale, the insider owned 329,302 shares in the company, valued at approximately $114,468,668.22. This trade represents a 4.79% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 3,550 shares of company stock worth $1,227,869 and have sold 666,071 shares worth $225,623,008. 2.00% of the stock is owned by insiders.

Analysts Set New Price Targets

AVGO has been the topic of several recent research reports. Truist Financial upped their price objective on shares of Broadcom from $295.00 to $365.00 and gave the company a "buy" rating in a report on Friday, September 5th. Hsbc Global Res raised shares of Broadcom from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 24th. Barclays increased their price target on Broadcom from $265.00 to $400.00 and gave the stock an "overweight" rating in a research report on Friday, September 5th. Oppenheimer reissued an "outperform" rating and issued a $360.00 price objective (up previously from $325.00) on shares of Broadcom in a report on Friday, September 5th. Finally, Wells Fargo & Company raised their target price on Broadcom from $255.00 to $345.00 and gave the stock an "equal weight" rating in a report on Friday, September 5th. Three analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, Broadcom currently has an average rating of "Buy" and an average target price of $357.22.

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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