J.Safra Asset Management Corp Grows Stock Position in Broadcom Inc. $AVGO

Key Points

• J.Safra Asset Management Corp increased its stake in Broadcom Inc. by 12.3%, bringing its total holdings to 11,991 shares valued at $3.23 million, making it the firm's 29th largest stock position.
• In the first quarter, notable institutional investors, including Vanguard Group and Price T Rowe Associates, significantly increased their holdings in Broadcom, highlighting strong institutional support for the company.
• Broadcom reported a revenue increase of 22% year-over-year in its last quarter, reaching $15.95 billion, and exceeded earnings estimates with an EPS of $1.69.

J.Safra Asset Management Corp increased its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 12.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,991 shares of the semiconductor manufacturer's stock after buying an additional 1,315 shares during the quarter. Broadcom comprises approximately 0.2% of J.Safra Asset Management Corp's portfolio, making the stock its 29th largest position. J.Safra Asset Management Corp's holdings in Broadcom were worth $3,230,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Broadcom by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 477,220,137 shares of the semiconductor manufacturer's stock valued at $79,900,968,000 after purchasing an additional 2,085,534 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings 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 valued at $10,968,270,000 after purchasing an additional 17,985,046 shares during the last quarter. Nuveen LLC acquired a new stake in Broadcom in the 1st quarter valued at approximately $6,649,117,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Broadcom by 2.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 35,243,467 shares of the semiconductor manufacturer's stock valued at $5,900,814,000 after purchasing an additional 842,088 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Broadcom by 3.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 33,852,310 shares of the semiconductor manufacturer's stock valued at $5,668,134,000 after purchasing an additional 1,043,948 shares during the last quarter. Hedge funds and other institutional investors own 76.43% of the company's stock.

Insider Activity

In related news, insider Charlie B. Kawwas sold 3,893 shares of the business's 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 completion of the transaction, the insider owned 25,295 shares in the company, valued at approximately $8,798,106.90. The trade was a 13.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Hock E. Tan sold 148,154 shares of the business's stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $336.67, for a total transaction of $49,879,007.18. Following the transaction, the chief executive officer owned 825,998 shares of the company's stock, valued at approximately $278,088,746.66. The trade was a 15.21% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 3,550 shares of company stock valued at $1,227,869 and have sold 665,271 shares valued at $225,464,248. 2.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on AVGO shares. Hsbc Global Res upgraded shares of Broadcom from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 24th. Argus lifted their target price on shares of Broadcom from $285.00 to $375.00 and gave the company a "buy" rating in a report on Monday, September 8th. Mizuho set a $430.00 target price on shares of Broadcom in a report on Monday, October 13th. UBS Group set a $415.00 price target on shares of Broadcom and gave the stock a "buy" rating in a research note on Tuesday, October 14th. Finally, Arete Research upgraded shares of Broadcom to a "strong-buy" rating in a research note on Monday, July 28th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Broadcom has an average rating of "Buy" and a consensus target price of $372.33.

Broadcom Stock Performance

NASDAQ:AVGO opened at $349.24 on Tuesday. The company has a fifty day simple moving average of $328.64 and a two-hundred day simple moving average of $271.47. The company has a market cap of $1.65 trillion, a price-to-earnings ratio of 89.09, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20. 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.

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

Broadcom Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were paid 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 payout ratio is presently 60.20%.

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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