Meiji Yasuda Life Insurance Co Buys 72,726 Shares of Broadcom Inc. $AVGO

Key Points

• Meiji Yasuda Life Insurance Co increased its holdings in Broadcom Inc. by 161.2%, acquiring an additional 72,726 shares in the first quarter, bringing its total ownership to 117,841 shares, valued at approximately $19.73 million.
• Multiple institutional investors have also boosted their stakes in Broadcom, with Vanguard Group Inc. owning over 477 million shares valued at nearly $80 billion after a 0.4% increase, indicating strong investor confidence in the company.
• Broadcom reported $1.69 earnings per share for the last quarter, exceeding expectations, with revenue up 22% year-over-year, further underscoring the company's strong financial performance in a competitive market.

Meiji Yasuda Life Insurance Co boosted its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 161.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 117,841 shares of the semiconductor manufacturer's stock after buying an additional 72,726 shares during the period. Broadcom makes up about 0.4% of Meiji Yasuda Life Insurance Co's holdings, making the stock its 23rd largest holding. Meiji Yasuda Life Insurance Co's holdings in Broadcom were worth $19,730,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Broadcom by 0.4% during the first quarter. Vanguard Group Inc. now owns 477,220,137 shares of the semiconductor manufacturer's stock valued at $79,900,968,000 after buying an additional 2,085,534 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Broadcom by 37.8% during the first 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 buying an additional 17,985,046 shares during the period. Nuveen LLC bought a new stake in Broadcom during the first quarter valued at $6,649,117,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Broadcom by 1.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 34,401,379 shares of the semiconductor manufacturer's stock valued at $7,975,616,000 after buying an additional 581,704 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Broadcom by 3.2% during the first 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 buying an additional 1,043,948 shares during the period. Institutional investors own 76.43% of the company's stock.

Broadcom Stock Up 9.4%

AVGO opened at $334.89 on Monday. The company has a market cap of $1.58 trillion, a P/E ratio of 85.43, a P/E/G ratio of 2.38 and a beta of 1.16. The business's 50-day moving average price is $292.09 and its 200-day moving average price is $237.38. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. Broadcom Inc. has a 12 month low of $134.90 and a 12 month 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, beating analysts' consensus estimates of $1.66 by $0.03. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The company had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $15.82 billion. During the same quarter in the previous year, the business earned $1.24 EPS. Broadcom's revenue was up 22.0% compared to the same quarter last year. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, September 22nd. Broadcom's payout ratio is currently 60.20%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AVGO shares. Bank of America lifted their price target on Broadcom from $300.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday. UBS Group lifted their price target on Broadcom from $290.00 to $345.00 and gave the stock a "buy" rating in a research note on Monday, August 25th. Sanford C. Bernstein lifted their price target on Broadcom from $295.00 to $400.00 and gave the stock an "outperform" rating in a research note on Friday. Hsbc Global Res raised Broadcom from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, June 24th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Broadcom from $300.00 to $350.00 and gave the stock a "buy" rating in a research note on Friday. Three research 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, the stock presently has a consensus rating of "Buy" and an average price target of $351.00.

Insider Transactions at Broadcom

In other news, Director Gayla J. Delly sold 3,000 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $265.13, for a total value of $795,390.00. Following the sale, the director directly owned 33,352 shares of the company's stock, valued at $8,842,615.76. The trade was a 8.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Hock E. Tan sold 40,000 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $268.29, for a total value of $10,731,600.00. Following the completion of the transaction, the chief executive officer directly owned 482,836 shares in the company, valued at $129,540,070.44. This trade represents a 7.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 830,516 shares of company stock worth $217,286,457. Company insiders own 2.00% of the company's stock.

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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