Broadcom Inc. $AVGO Shares Purchased by Knollwood Investment Advisory LLC

Key Points

• Knollwood Investment Advisory LLC increased its stake in Broadcom Inc. by 26.1%, acquiring an additional 7,300 shares, resulting in total holdings valued at approximately $5.9 million.
• Broadcom's stock has attracted significant investment from institutional investors, with 76.43% of shares being held by them, reflecting a strong confidence in the semiconductor manufacturer.
• Analysts have raised their price targets for Broadcom, with UBS Group increasing its target from $270 to $290 and issuing a "buy" rating, indicating positive market sentiment.

Knollwood Investment Advisory LLC grew its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 26.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,300 shares of the semiconductor manufacturer's stock after acquiring an additional 7,300 shares during the period. Knollwood Investment Advisory LLC's holdings in Broadcom were worth $5,910,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Sunbeam Capital Management LLC acquired a new position in shares of Broadcom in the fourth quarter worth about $28,000. Vermillion Wealth Management Inc. acquired a new position in shares of Broadcom in the fourth quarter worth about $30,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Broadcom in the first quarter worth about $25,000. Cheviot Value Management LLC acquired a new position in shares of Broadcom in the first quarter worth about $25,000. Finally, Inlight Wealth Management LLC acquired a new position in shares of Broadcom in the first quarter worth about $26,000. Institutional investors and hedge funds own 76.43% of the company's stock.

Broadcom Trading Up 1.5%

NASDAQ:AVGO traded up $4.40 on Friday, hitting $294.00. The stock had a trading volume of 16,278,404 shares, compared to its average volume of 17,508,776. 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 $1.38 trillion, a price-to-earnings ratio of 110.11, a PEG ratio of 2.06 and a beta of 1.15. The company has a fifty day moving average price of $282.85 and a two-hundred day moving average price of $232.33. Broadcom Inc. has a 1-year low of $134.90 and a 1-year high of $317.35.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its earnings results on Thursday, June 5th. The semiconductor manufacturer reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.01. The company had revenue of $15 billion for the quarter, compared to analyst estimates of $14.98 billion. Broadcom had a net margin of 22.64% and a return on equity of 35.49%. Broadcom's revenue was up 20.2% on a year-over-year basis. During the same period in the previous year, the business posted $10.96 EPS. Broadcom has set its Q3 2025 guidance at EPS. Equities research analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 20th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, June 20th. Broadcom's payout ratio is presently 88.39%.

Insider Transactions at Broadcom

In other news, CFO Kirsten M. Spears sold 56,310 shares of the company's stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $251.75, for a total value of $14,176,042.50. Following the transaction, the chief financial officer directly owned 361,937 shares in the company, valued at approximately $91,117,639.75. This represents a 13.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Hock E. Tan sold 117,758 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $252.91, for a total transaction of $29,782,175.78. Following the completion of the transaction, the chief executive officer owned 1,014,152 shares in the company, valued at approximately $256,489,182.32. This represents a 10.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 830,516 shares of company stock worth $217,286,457. 2.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. UBS Group upped their price objective on shares of Broadcom from $270.00 to $290.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. Mizuho boosted their target price on shares of Broadcom from $315.00 to $320.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 16th. Cantor Fitzgerald reissued an "overweight" rating and set a $300.00 target price on shares of Broadcom in a research note on Friday, June 6th. Citigroup boosted their target price on shares of Broadcom from $285.00 to $315.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Finally, Rosenblatt Securities boosted their target price on shares of Broadcom from $223.00 to $340.00 and gave the stock a "buy" rating in a research note on Friday, June 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $298.67.

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.