PARUS FINANCE UK Ltd Has $32.76 Million Holdings in Broadcom Inc. $AVGO

Key Points

• PARUS FINANCE UK Ltd increased its Broadcom stake by 9.1% in the fourth quarter, ending with 94,660 shares worth about $32.76 million. Broadcom now makes up 8.5% of the fund’s holdings and is its fourth-largest position.
• Broadcom beat earnings expectations, reporting adjusted EPS of $2.44 versus $2.40 expected and revenue of $22.19 billion versus $22.13 billion projected. Revenue rose 47.9% year over year, driven by strong AI-related demand.
• The company said AI semiconductor revenue more than doubled to $10.8 billion and guided third-quarter revenue to about $29.4 billion, above Wall Street estimates. Despite the strong results, shares traded lower after hours as investors wanted an even bigger outlook beat.

PARUS FINANCE UK Ltd boosted its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 9.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,660 shares of the semiconductor manufacturer's stock after purchasing an additional 7,871 shares during the period. Broadcom comprises about 8.5% of PARUS FINANCE UK Ltd's holdings, making the stock its 4th largest holding. PARUS FINANCE UK Ltd's holdings in Broadcom were worth $32,762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in AVGO. Norges Bank bought a new position in shares of Broadcom during the fourth quarter valued at $24,252,196,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Broadcom by 499.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 5,634,232 shares of the semiconductor manufacturer's stock valued at $1,858,789,000 after acquiring an additional 4,694,313 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Broadcom by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 482,707,302 shares of the semiconductor manufacturer's stock valued at $167,064,997,000 after acquiring an additional 3,919,715 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Broadcom by 47.5% during the fourth quarter. Nordea Investment Management AB now owns 9,814,757 shares of the semiconductor manufacturer's stock valued at $3,406,211,000 after acquiring an additional 3,160,586 shares during the last quarter. Finally, Danske Bank A S bought a new position in shares of Broadcom during the third quarter valued at $987,488,000. Institutional investors own 76.43% of the company's stock.

Broadcom Trading Down 0.5%

NASDAQ:AVGO opened at $479.23 on Thursday. The company has a current ratio of 1.90, a quick ratio of 1.73 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $2.27 trillion, a price-to-earnings ratio of 93.60, a PEG ratio of 0.99 and a beta of 1.41. The firm has a fifty day simple moving average of $392.87 and a two-hundred day simple moving average of $361.19. Broadcom Inc. has a 12 month low of $241.11 and a 12 month high of $495.00.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its quarterly earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 EPS for the quarter, topping analysts' consensus estimates of $2.40 by $0.04. The business had revenue of $22.19 billion during the quarter, compared to analysts' expectations of $22.13 billion. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. The business's quarterly revenue was up 47.9% on a year-over-year basis. During the same period last year, the company posted $1.58 earnings per share. Analysts expect that Broadcom Inc. will post 9.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AVGO. Wells Fargo & Company reaffirmed an "overweight" rating and set a $545.00 price target (up from $430.00) on shares of Broadcom in a research note on Thursday, May 14th. Weiss Ratings raised shares of Broadcom from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, May 27th. Truist Financial raised their price target on shares of Broadcom from $510.00 to $545.00 and gave the company a "buy" rating in a research note on Thursday, March 5th. Evercore reaffirmed an "outperform" rating and set a $582.00 price target on shares of Broadcom in a research note on Tuesday, May 19th. Finally, Seaport Research Partners reaffirmed a "neutral" rating on shares of Broadcom in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Broadcom currently has a consensus rating of "Moderate Buy" and an average price target of $458.23.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom beat fiscal Q2 expectations, reporting adjusted EPS of $2.44 versus the $2.40 consensus and revenue of $22.19 billion versus $22.13 billion expected. Broadcom Inc. Announces Second Quarter Fiscal Year 2026 Financial Results and Quarterly Dividend
• Positive Sentiment: AI semiconductor revenue more than doubled to $10.8 billion, showing Broadcom is benefiting from surging demand for custom AI accelerators and AI networking. Broadcom Revenue Climbs on AI Chip Demand
• Positive Sentiment: The company guided third-quarter revenue to about $29.4 billion, above the consensus estimate of roughly $28.3 billion, suggesting continued momentum in the AI build-out. Broadcom Inc. Announces Second Quarter Fiscal Year 2026 Financial Results and Quarterly Dividend
• Neutral Sentiment: Broadcom also announced its quarterly dividend of $0.65 per share, which supports the stock’s income appeal but is not likely the main driver of today’s move. Broadcom Inc. Announces Second Quarter Fiscal Year 2026 Financial Results and Quarterly Dividend
• Negative Sentiment: Despite strong AI growth, shares fell in after-hours trading because the outlook for AI semiconductor revenue and near-term expectations did not fully meet the market’s lofty bar after a big run-up in the stock. Broadcom revenue hits record on AI chip surge but outlook disappoints

Insiders Place Their Bets

In other Broadcom news, Director Gayla J. Delly sold 1,000 shares of the firm's stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $358.31, for a total value of $358,310.00. Following the completion of the sale, the director directly owned 32,352 shares in the company, valued at approximately $11,592,045.12. This trade represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Justine Page sold 2,018 shares of the firm's stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $353.00, for a total transaction of $712,354.00. Following the completion of the sale, the director owned 18,164 shares of the company's stock, valued at $6,411,892. The trade was a 10.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 324,282 shares of company stock valued at $106,425,249. 1.90% of the stock is currently owned by corporate insiders.

About Broadcom

Broadcom Inc NASDAQ: AVGO is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company's semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.

On the semiconductor side, Broadcom's portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.

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