NWI Management LP Takes $3.85 Million Position in Broadcom Inc. $AVGO

Key Points

• NWI Management LP acquired a new stake in Broadcom Inc. by purchasing 23,000 shares valued at approximately $3.85 million, representing 0.5% of its investment portfolio.
• Broadcom's stock has received a mix of analyst ratings, with a majority of analysts rating it as a Buy, and recent price targets ranging from $301 to $357.
• Insider trading indicates significant activity, with a director selling 3,000 shares valued at around $795,390 and total insider sales reaching over $217 million in the past 90 days.

NWI Management LP acquired a new stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 23,000 shares of the semiconductor manufacturer's stock, valued at approximately $3,851,000. Broadcom accounts for about 0.5% of NWI Management LP's investment portfolio, making the stock its 25th biggest holding.

A number of other hedge funds have also added to or reduced their stakes in AVGO. NatWest Group plc boosted its holdings in shares of Broadcom by 2.1% during the 1st quarter. NatWest Group plc now owns 27,216 shares of the semiconductor manufacturer's stock valued at $4,557,000 after buying an additional 568 shares in the last quarter. Night Owl Capital Management LLC boosted its holdings in shares of Broadcom by 4.8% during the 1st quarter. Night Owl Capital Management LLC now owns 63,527 shares of the semiconductor manufacturer's stock valued at $10,636,000 after buying an additional 2,936 shares in the last quarter. Nippon Life Global Investors Americas Inc. boosted its holdings in shares of Broadcom by 680.0% during the 1st quarter. Nippon Life Global Investors Americas Inc. now owns 120,660 shares of the semiconductor manufacturer's stock valued at $20,202,000 after buying an additional 105,190 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Broadcom by 6.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,600,808 shares of the semiconductor manufacturer's stock valued at $603,593,000 after buying an additional 210,736 shares in the last quarter. Finally, Insight Holdings Group LLC boosted its holdings in shares of Broadcom by 29.0% during the 1st quarter. Insight Holdings Group LLC now owns 26,710 shares of the semiconductor manufacturer's stock valued at $4,472,000 after buying an additional 6,000 shares in the last quarter. 76.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Broadcom

In other Broadcom news, CEO Hock E. Tan sold 117,758 shares of the company's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $252.91, for a total transaction of $29,782,175.78. Following the transaction, the chief executive officer owned 1,014,152 shares in the company, valued at approximately $256,489,182.32. This represents a 10.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark David Brazeal sold 50,000 shares of the company's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $253.28, for a total transaction of $12,664,000.00. Following the sale, the insider directly owned 415,956 shares of the company's stock, valued at $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 ninety days, insiders have sold 830,516 shares of company stock worth $217,286,457. 2.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on AVGO. Redburn Atlantic began coverage on shares of Broadcom in a report on Wednesday, May 28th. They set a "buy" rating and a $301.00 target price on the stock. Barclays upped their price target on shares of Broadcom from $265.00 to $400.00 and gave the stock an "overweight" rating in a research note on Friday. Evercore ISI reiterated an "outperform" rating and issued a $342.00 price target (up previously from $304.00) on shares of Broadcom in a research note on Thursday. Benchmark upped their price target on shares of Broadcom from $315.00 to $385.00 and gave the stock a "buy" rating in a research note on Friday. Finally, Morgan Stanley upped their price target on shares of Broadcom from $338.00 to $357.00 and gave the stock an "overweight" rating in a research note on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $351.00.

Broadcom Stock Performance

AVGO traded up $28.79 during midday trading 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 has a market capitalization of $1.58 trillion, a PE ratio of 85.43, a price-to-earnings-growth ratio of 2.38 and a beta of 1.16. The company's 50-day moving average is $292.09 and its 200 day moving average is $237.31. Broadcom Inc. has a 52 week low of $134.90 and a 52 week high of $356.34.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its 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 net margin of 31.59% and a return on equity of 37.17%. The business's revenue for the quarter was up 22.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. On average, research analysts expect that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

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

About Broadcom

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.