Norinchukin Bank The Grows Position in Broadcom Inc. $AVGO

Key Points

• Norinchukin Bank The increased its stake in Broadcom Inc. by 36.2% during the first quarter, owning a total of 316,288 shares valued at approximately $52.96 million.
• Insider trading activity revealed that CFO Kirsten M. Spears sold 56,310 shares for over $14.17 million, reflecting a 13.46% decrease in her holdings.
• Broadcom recently announced a quarterly dividend of $0.59 per share, with a payout ratio of 88.39%, indicating strong cash flow management.

Norinchukin Bank The grew its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 36.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 316,288 shares of the semiconductor manufacturer's stock after buying an additional 84,125 shares during the period. Broadcom accounts for 1.0% of Norinchukin Bank The's holdings, making the stock its 16th biggest position. Norinchukin Bank The's holdings in Broadcom were worth $52,956,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in AVGO. Barnes Dennig Private Wealth Management LLC acquired a new stake in Broadcom during the 1st quarter worth about $25,000. Cheviot Value Management LLC acquired a new stake in shares of Broadcom during the first quarter worth about $25,000. Inlight Wealth Management LLC purchased a new stake in Broadcom in the first quarter valued at approximately $26,000. Sunbeam Capital Management LLC acquired a new position in Broadcom in the 4th quarter worth approximately $28,000. Finally, Vermillion Wealth Management Inc. purchased a new position in Broadcom during the 4th quarter worth approximately $30,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Broadcom

In other news, CFO Kirsten M. Spears sold 56,310 shares of the business's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $251.75, for a total transaction of $14,176,042.50. Following the sale, the chief financial officer owned 361,937 shares of the company's stock, valued at $91,117,639.75. The trade was a 13.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark David Brazeal sold 50,000 shares of the stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $253.28, for a total value of $12,664,000.00. Following the sale, the insider directly owned 415,956 shares in the company, valued at approximately $105,353,335.68. The trade was a 10.73% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 830,516 shares of company stock worth $217,286,457. 2.00% of the stock is currently owned by company insiders.

Broadcom Trading Down 1.3%

AVGO opened at $291.17 on Thursday. The stock has a market capitalization of $1.37 trillion, a price-to-earnings ratio of 109.05, a PEG ratio of 2.10 and a beta of 1.15. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.08 and a quick ratio of 0.98. The business has a fifty day moving average price of $281.27 and a 200 day moving average price of $231.35. Broadcom Inc. has a 12 month low of $134.90 and a 12 month high of $317.35.

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

Broadcom Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Rosenblatt Securities increased their price objective 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. Cantor Fitzgerald reiterated an "overweight" rating and set a $300.00 price objective on shares of Broadcom in a research note on Friday, June 6th. Oppenheimer increased their price target on shares of Broadcom from $265.00 to $305.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. KeyCorp raised their price target on shares of Broadcom from $315.00 to $330.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Finally, Evercore ISI reiterated an "outperform" rating and issued a $304.00 price objective (up previously from $267.00) on shares of Broadcom in a report on Friday, June 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $295.96.

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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