Jacobs Levy Equity Management Inc. Cuts Holdings in Broadcom Inc. $AVGO

Key Points

• Jacobs Levy Equity Management Inc. reduced its holdings in Broadcom Inc. by 51.8%, selling 189,593 shares and retaining 176,099 shares, valued at approximately $29.48 million.
• Broadcom's recent quarterly earnings surpassed analysts' expectations, reporting $1.69 EPS and $15.95 billion in revenue, marking a 22% year-over-year increase.
• Institutional ownership of Broadcom stands at 76.43%, with several large investors adjusting their stakes, including Brighton Jones LLC and Ethic Inc., which notably increased its holdings by 1,138.6%.

Jacobs Levy Equity Management Inc. trimmed its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 51.8% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 176,099 shares of the semiconductor manufacturer's stock after selling 189,593 shares during the quarter. Jacobs Levy Equity Management Inc.'s holdings in Broadcom were worth $29,484,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AVGO. Brighton Jones LLC grew its stake in shares of Broadcom by 21.8% during the 4th quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer's stock valued at $6,882,000 after purchasing an additional 5,322 shares during the period. Revolve Wealth Partners LLC raised its stake in Broadcom by 10.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer's stock valued at $1,854,000 after purchasing an additional 756 shares during the period. Bank Pictet & Cie Europe AG lifted its holdings in shares of Broadcom by 16.4% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 221,199 shares of the semiconductor manufacturer's stock worth $51,283,000 after buying an additional 31,225 shares in the last quarter. Ethic Inc. boosted its holdings in shares of Broadcom by 1,138.6% during the 4th quarter. Ethic Inc. now owns 319,030 shares of the semiconductor manufacturer's stock valued at $73,964,000 after purchasing an additional 293,272 shares during the last quarter. Finally, Fullerton Fund Management Co Ltd. grew its holdings in Broadcom by 45.7% during the 4th quarter. Fullerton Fund Management Co Ltd. now owns 201,574 shares of the semiconductor manufacturer's stock valued at $46,733,000 after buying an additional 63,203 shares in the last quarter. Institutional investors own 76.43% of the company's stock.

Insider Transactions at Broadcom

In other Broadcom news, Director Henry Samueli sold 473,898 shares of Broadcom 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 sale, the director owned 38,188,575 shares of the company's stock, valued at $10,132,574,604.75. The trade was a 1.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Charlie B. Kawwas sold 10,000 shares of the company's stock in a transaction dated 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 sale, the insider directly owned 789,784 shares of the company's stock, valued at approximately $199,720,577.92. This represents a 1.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 830,516 shares of company stock worth $217,286,457 in the last three months. 2.00% of the stock is owned by corporate insiders.

Broadcom Stock Performance

Shares of AVGO stock opened at $334.89 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.08 and a debt-to-equity ratio of 0.89. The stock has a market cap of $1.58 trillion, a PE ratio of 85.43, a price-to-earnings-growth ratio of 2.17 and a beta of 1.16. The business has a 50-day simple moving average of $292.09 and a 200-day simple moving average of $237.25. Broadcom Inc. has a 52-week low of $134.90 and a 52-week high of $356.34.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 37.17%. The firm's quarterly revenue was up 22.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. On average, equities analysts expect that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders 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 dividend on an annualized basis and a yield of 0.7%. Broadcom's dividend payout ratio is currently 88.39%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AVGO. Evercore ISI restated an "outperform" rating and issued a $342.00 target price (up from $304.00) on shares of Broadcom in a report on Thursday. Wells Fargo & Company lifted their target price on Broadcom from $255.00 to $345.00 and gave the stock an "equal weight" rating in a research report on Friday. Wall Street Zen upgraded Broadcom from a "hold" rating to a "buy" rating in a report on Saturday. The Goldman Sachs Group reiterated a "buy" rating and set a $340.00 target price on shares of Broadcom in a report on Wednesday, August 13th. Finally, Rosenblatt Securities lifted their price target on Broadcom from $340.00 to $400.00 and gave the company a "buy" rating in a report on Friday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, Broadcom currently has a consensus rating of "Buy" and a consensus target price of $351.00.

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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