Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD Buys 26,250 Shares of Broadcom Inc. $AVGO

Key Points

• Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD increased its Broadcom stake by 75.3% in Q4, buying 26,250 additional shares and bringing its total holding to 61,102 shares worth about $21.17 million.
• Broadcom reported better-than-expected quarterly results, with EPS of $2.44 versus $2.40 expected and revenue of $22.19 billion, up 47.9% year over year. The company also announced a quarterly dividend of $0.65 per share.
• Despite strong fundamentals and multiple analyst target hikes, Broadcom stock fell 5.1% amid a broader semiconductor selloff and concerns about its premium valuation after recent AI-driven gains.

Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD lifted its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 75.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 61,102 shares of the semiconductor manufacturer's stock after acquiring an additional 26,250 shares during the period. Broadcom accounts for about 1.4% of Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD's investment portfolio, making the stock its 22nd largest position. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD's holdings in Broadcom were worth $21,170,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AVGO. Miller Global Investments LLC bought a new stake in shares of Broadcom during the 4th quarter worth $31,000. Nvest Wealth Strategies Inc. bought a new position in Broadcom in the 4th quarter worth $33,000. Family CFO Inc bought a new position in Broadcom in the 4th quarter worth $35,000. PayPay Securities Corp lifted its position in Broadcom by 88.9% during the 4th quarter. PayPay Securities Corp now owns 119 shares of the semiconductor manufacturer's stock worth $41,000 after acquiring an additional 56 shares during the last quarter. Finally, Camelot Portfolios LLC acquired a new position in Broadcom during the 4th quarter worth $45,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider S. Ram Velaga sold 8,000 shares of the firm's stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $370.52, for a total transaction of $2,964,160.00. Following the completion of the transaction, the insider directly owned 57,932 shares of the company's stock, valued at approximately $21,464,964.64. This trade represents a 12.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Justine Page sold 2,018 shares of Broadcom stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $353.00, for a total transaction of $712,354.00. Following the sale, the director owned 18,164 shares in the company, valued at approximately $6,411,892. This trade represents a 10.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 324,282 shares of company stock valued at $106,425,249. 1.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

AVGO has been the topic of several research analyst reports. DA Davidson raised their price target on Broadcom from $375.00 to $400.00 and gave the company a "neutral" rating in a research report on Thursday, June 4th. Royal Bank Of Canada increased their target price on Broadcom from $360.00 to $400.00 and gave the company a "sector perform" rating in a research note on Thursday, June 4th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $525.00 target price on shares of Broadcom in a report on Thursday, June 4th. Wall Street Zen raised Broadcom from a "hold" rating to a "buy" rating in a research report on Sunday. Finally, KeyCorp reiterated an "overweight" rating and set a $575.00 price target (up from $500.00) on shares of Broadcom in a report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Broadcom currently has a consensus rating of "Moderate Buy" and an average price target of $490.13.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Several analysts and commentators argue the pullback is overdone, pointing to Broadcom’s strong fundamentals: revenue growth of about 48%, AI semiconductor revenue up 143%, and more than $30 billion in AI bookings. Bullish pieces say the stock looks attractive on cash flow and long-term AI demand. Article Title
• Positive Sentiment: Broadcom also gained support from a major AI infrastructure tie-up with Apollo Global Management and Blackstone, which are backing a $35 billion capacity expansion for Anthropic using Broadcom’s custom chips and networking gear. That reinforces the company’s role in the AI buildout. Article Title
• Neutral Sentiment: Some analysts remain constructive on the stock over the long term, citing expected EPS growth of more than 50% over the next five years and multiple recent upgrades/price-target increases. Article Title
• Neutral Sentiment: Other coverage highlights a “buy the dip” case after the post-earnings reset, with investors watching whether AI demand and margins stay strong enough to justify the premium valuation. Article Title
• Negative Sentiment: The main headwind is that Broadcom’s stock has been hit by a broader chip rotation/correction, with semiconductor names sold off as investors take profits from the AI trade. Broadcom has been singled out as one of the biggest laggards in that move. Article Title
• Negative Sentiment: Investors are also worried that Broadcom’s premium valuation leaves little room for error after its strong quarter, especially as guidance for AI revenue was viewed as less aggressive than hoped. Article Title
• Negative Sentiment: New commentary from Broadcom’s CEO that the company will focus only on chips, not a broader AI platform strategy, appears to have unnerved some AI-focused investors and added to the selloff. Article Title

Broadcom Stock Down 5.1%

NASDAQ AVGO opened at $372.10 on Thursday. Broadcom Inc. has a twelve month low of $243.80 and a twelve month high of $495.00. The stock has a market cap of $1.76 trillion, a PE ratio of 62.02, a PEG ratio of 0.71 and a beta of 1.41. The firm has a 50-day simple moving average of $401.36 and a 200 day simple moving average of $362.87. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.01 and a current ratio of 2.24.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.04. Broadcom had a return on equity of 41.61% and a net margin of 38.85%.The firm had revenue of $22.19 billion for the quarter, compared to analyst estimates of $22.13 billion. During the same period in the previous year, the company posted $1.58 earnings per share. The company's quarterly revenue was up 47.9% compared to the same quarter last year. On average, research analysts forecast that Broadcom Inc. will post 9.97 EPS for the current year.

Broadcom Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 22nd will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, June 22nd. Broadcom's dividend payout ratio is presently 43.33%.

Broadcom Profile

Broadcom Inc NASDAQ: AVGO is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company's semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.

On the semiconductor side, Broadcom's portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.

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