Night Owl Capital Management LLC Boosts Stock Holdings in Broadcom Inc. $AVGO

Key Points

• Night Owl Capital Management LLC has increased its stake in Broadcom Inc. by 4.8%, acquiring an additional 2,936 shares, bringing their total holdings to 63,527 shares valued at approximately $10.6 million.
• Over 76% of Broadcom's stock is currently owned by institutional investors, signaling strong institutional interest in the semiconductor manufacturer.
• Broadcom has recently reported earnings that exceeded analyst expectations, achieving $1.69 EPS for the quarter with a revenue of $15.95 billion, a 22% increase year-over-year.

Night Owl Capital Management LLC lifted its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 4.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,527 shares of the semiconductor manufacturer's stock after buying an additional 2,936 shares during the quarter. Broadcom comprises approximately 1.3% of Night Owl Capital Management LLC's holdings, making the stock its 20th largest position. Night Owl Capital Management LLC's holdings in Broadcom were worth $10,636,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Broadcom by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 477,220,137 shares of the semiconductor manufacturer's stock worth $79,900,968,000 after purchasing an additional 2,085,534 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of 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 acquiring an additional 17,985,046 shares during the period. Nuveen LLC acquired a new stake in shares of Broadcom in the 1st quarter valued at approximately $6,649,117,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Broadcom by 1.7% during the 4th 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 worth $7,975,616,000 after buying an additional 581,704 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Broadcom by 3.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 33,852,310 shares of the semiconductor manufacturer's stock worth $5,668,134,000 after buying an additional 1,043,948 shares during the period. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AVGO has been the topic of a number of recent research reports. Piper Sandler lifted their price objective on shares of Broadcom from $315.00 to $375.00 and gave the company an "overweight" rating in a report on Friday. Cowen reaffirmed a "buy" rating on shares of Broadcom in a research report on Friday, June 6th. Oppenheimer reissued an "outperform" rating and issued a $360.00 target price (up previously from $325.00) on shares of Broadcom in a research report on Friday. Rosenblatt Securities upped their price objective on shares of Broadcom from $340.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday. Finally, Wells Fargo & Company boosted their target price on Broadcom from $255.00 to $345.00 and gave the stock an "equal weight" rating in a research note on Friday. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Broadcom currently has a consensus rating of "Buy" and a consensus target price of $351.00.

Insiders Place Their Bets

In other news, Director Justine Page sold 800 shares of the business's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $307.46, for a total transaction of $245,968.00. Following the completion of the transaction, the director directly owned 23,782 shares in the company, valued at $7,312,013.72. The trade was a 3.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kirsten M. Spears sold 36,350 shares of the business's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $261.27, for a total value of $9,497,164.50. Following the transaction, the chief financial officer directly owned 325,587 shares of the company's stock, valued at $85,066,115.49. The trade was a 10.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 830,516 shares of company stock worth $217,286,457 in the last ninety days. 2.00% of the stock is owned by corporate insiders.

Broadcom Stock Up 9.4%

NASDAQ:AVGO traded up $28.79 during trading hours on Friday, hitting $334.89. 78,318,626 shares of the company traded hands, compared to its average volume of 17,635,120. 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 firm's 50-day simple moving average is $292.09 and its 200-day simple moving average is $237.31. Broadcom Inc. has a one year low of $134.90 and a one year high of $356.34. The company has a market cap of $1.58 trillion, a PE ratio of 85.43, a PEG ratio of 2.38 and a beta of 1.16.

Broadcom (NASDAQ:AVGO - Get Free Report) last released 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 company had revenue of $15.95 billion for the quarter, compared to analysts' expectations of $15.82 billion. Broadcom had a return on equity of 37.17% and a net margin of 31.59%.The business's revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Equities analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 22nd will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, September 22nd. Broadcom's payout ratio is currently 88.39%.

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.