23,606 Shares in Broadcom Inc. $AVGO Bought by Partners Capital Investment Group LLP

Key Points

• Partners Capital Investment Group LLP has made a new investment in Broadcom Inc., acquiring 23,606 shares valued at approximately $3.95 million.
• Broadcom recently reported $15 billion in revenue for the quarter, surpassing estimates, and a net margin of 22.64%, indicating strong financial performance.
• A significant number of institutional investors have adjusted their holdings in Broadcom, with 76.43% of the stock now owned by hedge funds and institutional investors.

Partners Capital Investment Group LLP bought a new position in Broadcom Inc. (NASDAQ:AVGO - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 23,606 shares of the semiconductor manufacturer's stock, valued at approximately $3,952,000.

Several other hedge funds also recently made changes to their positions in the company. True Wealth Design LLC grew its stake in shares of Broadcom by 7.2% in the 4th quarter. True Wealth Design LLC now owns 712 shares of the semiconductor manufacturer's stock valued at $165,000 after purchasing an additional 48 shares during the period. Martingale Asset Management L P grew its stake in shares of Broadcom by 1.3% in the 1st quarter. Martingale Asset Management L P now owns 3,876 shares of the semiconductor manufacturer's stock valued at $649,000 after purchasing an additional 48 shares during the period. Fulton Breakefield Broenniman LLC grew its stake in shares of Broadcom by 2.4% in the 1st quarter. Fulton Breakefield Broenniman LLC now owns 2,130 shares of the semiconductor manufacturer's stock valued at $357,000 after purchasing an additional 50 shares during the period. American Financial Advisors LLC grew its position in Broadcom by 3.8% during the 1st quarter. American Financial Advisors LLC now owns 1,432 shares of the semiconductor manufacturer's stock worth $240,000 after acquiring an additional 52 shares during the last quarter. Finally, GS Investments Inc. grew its position in Broadcom by 0.5% during the 1st quarter. GS Investments Inc. now owns 11,397 shares of the semiconductor manufacturer's stock worth $1,908,000 after acquiring an additional 52 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on AVGO shares. Oppenheimer increased their price target on Broadcom from $265.00 to $305.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Redburn Atlantic started coverage on Broadcom in a research report on Wednesday, May 28th. They set a "buy" rating and a $301.00 price target on the stock. UBS Group increased their price target on Broadcom from $270.00 to $290.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. The Goldman Sachs Group restated a "buy" rating and set a $340.00 price target on shares of Broadcom in a research report on Wednesday, August 13th. Finally, KeyCorp increased their price objective on Broadcom from $315.00 to $330.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $298.67.

Insider Buying and Selling

In other news, CFO Kirsten M. Spears sold 56,310 shares of the stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $251.75, for a total value of $14,176,042.50. Following the transaction, the chief financial officer owned 361,937 shares of the company's stock, valued at $91,117,639.75. This represents a 13.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mark David Brazeal sold 50,000 shares of the firm's stock in a transaction on Monday, June 23rd. The stock was 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 $105,353,335.68. The trade was a 10.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 830,516 shares of company stock worth $217,286,457 over the last 90 days. 2.00% of the stock is currently owned by corporate insiders.

Broadcom Trading Up 1.5%

AVGO traded up $4.40 during mid-day trading on Friday, reaching $294.00. The stock had a trading volume of 16,278,404 shares, compared to its average volume of 17,508,776. The stock has a market capitalization of $1.38 trillion, a P/E ratio of 110.11, a P/E/G ratio of 2.09 and a beta of 1.15. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.98 and a current ratio of 1.08. The firm's fifty day simple moving average is $282.85 and its two-hundred day simple moving average is $232.34. Broadcom Inc. has a 52 week low of $134.90 and a 52 week high of $317.35.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly earnings data on Thursday, June 5th. The semiconductor manufacturer reported $1.58 EPS for the quarter, beating analysts' consensus estimates of $1.57 by $0.01. The firm had revenue of $15 billion for the quarter, compared to analyst estimates of $14.98 billion. Broadcom had a return on equity of 35.49% and a net margin of 22.64%.The business's quarterly revenue was up 20.2% compared to the same quarter last year. During the same period last year, the company earned $10.96 EPS. Broadcom has set its Q3 2025 guidance at EPS. On average, equities analysts predict that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 20th were paid a $0.59 dividend. The ex-dividend date of this dividend was Friday, June 20th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.8%. Broadcom's dividend payout ratio is 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.