Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. Has $41.44 Million Holdings in Broadcom Inc. $AVGO

Key Points

• Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. increased its holdings in Broadcom Inc. by 468.4%, now owning approximately $41.44 million worth of the company's stock.
• The company recently reported earnings of $1.69 per share, exceeding expectations and showing a 22% year-over-year revenue increase.
• Analysts have set optimistic price targets for Broadcom, with Barclays forecasting a target of $450.00 and Citigroup raising its target to $415.00.

Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. lifted its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 468.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 150,326 shares of the semiconductor manufacturer's stock after buying an additional 123,879 shares during the quarter. Broadcom comprises 4.9% of Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.'s investment portfolio, making the stock its 6th largest holding. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.'s holdings in Broadcom were worth $41,437,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Sawyer & Company Inc grew its stake in Broadcom by 62.1% in the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock valued at $26,000 after buying an additional 36 shares during the last quarter. PFS Partners LLC grew its stake in Broadcom by 38.4% in the 2nd quarter. PFS Partners LLC now owns 137 shares of the semiconductor manufacturer's stock valued at $38,000 after buying an additional 38 shares during the last quarter. Costello Asset Management INC grew its stake in Broadcom by 1.5% in the 2nd quarter. Costello Asset Management INC now owns 2,528 shares of the semiconductor manufacturer's stock valued at $697,000 after buying an additional 38 shares during the last quarter. Waddell & Associates LLC increased its stake in shares of Broadcom by 2.1% in the first quarter. Waddell & Associates LLC now owns 2,091 shares of the semiconductor manufacturer's stock worth $350,000 after purchasing an additional 43 shares during the period. Finally, Luts & Greenleigh Group Inc. increased its stake in shares of Broadcom by 1.3% in the second quarter. Luts & Greenleigh Group Inc. now owns 3,405 shares of the semiconductor manufacturer's stock worth $939,000 after purchasing an additional 44 shares during the period. Institutional investors own 76.43% of the company's stock.

Broadcom Price Performance

Shares of AVGO stock opened at $349.33 on Friday. The stock's fifty day moving average is $327.73 and its 200-day moving average is $268.57. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. The stock has a market capitalization of $1.65 trillion, a PE ratio of 89.11, a PEG ratio of 1.99 and a beta of 1.20. 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 posted its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.03. The business had revenue of $15.95 billion for the quarter, compared to analysts' expectations of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The firm's quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. Equities research analysts expect that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were issued a $0.59 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.36 annualized dividend and a yield of 0.7%. Broadcom's dividend payout ratio (DPR) is currently 60.20%.

Insiders Place Their Bets

In related news, insider Mark David Brazeal sold 16,558 shares of the firm's stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total value of $5,755,726.38. Following the transaction, the insider owned 329,302 shares in the company, valued at $114,468,668.22. This trade represents a 4.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Charlie B. Kawwas sold 3,893 shares of the firm's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total value 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. This represents a 13.34% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 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 insiders.

Wall Street Analyst Weigh In

AVGO has been the topic of a number of recent analyst reports. Barclays set a $450.00 price objective on Broadcom and gave the stock an "overweight" rating in a research note on Tuesday. Citigroup reissued a "buy" rating and issued a $415.00 price target (up previously from $350.00) on shares of Broadcom in a report on Tuesday. Oppenheimer reiterated an "outperform" rating and set a $360.00 price objective (up from $325.00) on shares of Broadcom in a research note on Friday, September 5th. JPMorgan Chase & Co. increased their price objective on Broadcom from $325.00 to $400.00 and gave the stock an "overweight" rating in a research note on Friday, September 5th. Finally, Rosenblatt Securities increased their price objective on Broadcom from $340.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Broadcom currently has an average rating of "Buy" and an average price target of $372.33.

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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