OFI Invest Asset Management Increases Stock Position in Broadcom Inc. $AVGO

Key Points

• OFI Invest Asset Management increased its stake in Broadcom Inc. (NASDAQ:AVGO) by 5.1%, owning 584,331 shares worth approximately $161 million following the acquisition of an additional 28,276 shares in Q2.
• Broadcom's stock recently opened at $349.33 with a market cap of $1.65 trillion, and reported earnings per share (EPS) of $1.69 for its last quarter, exceeding expectations.
• The company declared a quarterly dividend of $0.59 per share, resulting in an annualized yield of 0.7%, with a dividend payout ratio of 60.20%.

OFI Invest Asset Management boosted its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 5.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 584,331 shares of the semiconductor manufacturer's stock after acquiring an additional 28,276 shares during the period. OFI Invest Asset Management's holdings in Broadcom were worth $161,071,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. PARUS FINANCE UK Ltd raised its holdings in shares of Broadcom by 175.3% in the first quarter. PARUS FINANCE UK Ltd now owns 100,578 shares of the semiconductor manufacturer's stock valued at $16,840,000 after buying an additional 64,038 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Broadcom by 27.9% in the first quarter. Geneos Wealth Management Inc. now owns 64,130 shares of the semiconductor manufacturer's stock valued at $10,737,000 after buying an additional 13,978 shares during the last quarter. Asio Capital LLC raised its holdings in shares of Broadcom by 2.0% in the second quarter. Asio Capital LLC now owns 54,459 shares of the semiconductor manufacturer's stock valued at $15,012,000 after buying an additional 1,089 shares during the last quarter. Keener Financial Planning LLC raised its holdings in shares of Broadcom by 34.8% in the first quarter. Keener Financial Planning LLC now owns 890 shares of the semiconductor manufacturer's stock valued at $149,000 after buying an additional 230 shares during the last quarter. Finally, Diversify Wealth Management LLC raised its holdings in shares of Broadcom by 5.6% in the first quarter. Diversify Wealth Management LLC now owns 38,016 shares of the semiconductor manufacturer's stock valued at $6,365,000 after buying an additional 2,016 shares during the last quarter. 76.43% of the stock is owned by hedge funds and other institutional investors.

Broadcom Trading Down 1.4%

NASDAQ AVGO opened at $349.33 on Friday. The stock has a market capitalization of $1.65 trillion, a P/E ratio of 89.11, a P/E/G ratio of 1.97 and a beta of 1.20. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $374.23. The firm has a 50-day moving average price of $327.73 and a 200 day moving average price of $269.24. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86.

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, topping the consensus estimate of $1.66 by $0.03. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The firm had revenue of $15.95 billion during the quarter, compared to analysts' expectations of $15.82 billion. During the same period in the prior year, the company posted $1.24 earnings per share. The firm's revenue for the quarter was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. Equities research 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 was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, September 22nd. Broadcom's dividend payout ratio (DPR) is presently 60.20%.

Insider Activity at Broadcom

In other news, insider Charlie B. Kawwas sold 3,893 shares of Broadcom stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the completion of the sale, the insider directly owned 25,295 shares in the company, valued at approximately $8,798,106.90. This trade represents a 13.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark David Brazeal sold 16,558 shares of Broadcom stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the sale, the insider owned 329,302 shares of the company's stock, valued at approximately $114,468,668.22. The trade was a 4.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,464,248. Insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

AVGO has been the subject of a number of research reports. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $340.00 target price on shares of Broadcom in a report on Wednesday, August 13th. Morgan Stanley set a $409.00 target price on shares of Broadcom and gave the company an "overweight" rating in a report on Tuesday. Arete Research raised shares of Broadcom to a "strong-buy" rating in a report on Monday, July 28th. KeyCorp set a $460.00 price target on shares of Broadcom in a report on Monday, October 13th. Finally, Wells Fargo & Company increased their price target on shares of Broadcom from $255.00 to $345.00 and gave the stock an "equal weight" rating in a report on Friday, September 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, Broadcom has a consensus rating of "Buy" and an average target price of $372.33.

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.

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