Petrus Trust Company LTA Takes Position in Broadcom Inc. $AVGO

Key Points

• Petrus Trust Company LTA has acquired a new stake in Broadcom Inc., purchasing 2,922 shares valued at approximately $489,000 in the first quarter.
• Institutional investors own 76.43% of Broadcom's stock, with notable investments from firms like Nuveen LLC, which acquired a position worth around $6.65 billion.
• Broadcom reported $1.69 EPS for the quarter, exceeding analyst estimates, and achieved a revenue of $15.95 billion, marking a 22.0% increase from the previous year.

Petrus Trust Company LTA purchased a new stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 2,922 shares of the semiconductor manufacturer's stock, valued at approximately $489,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of AVGO. Nuveen LLC acquired a new position in shares of Broadcom during the 1st quarter worth approximately $6,649,117,000. Price T Rowe Associates Inc. MD raised its position in shares of Broadcom by 37.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer's stock worth $10,968,270,000 after purchasing an additional 17,985,046 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Broadcom by 18,179.3% during the 1st quarter. GAMMA Investing LLC now owns 17,276,164 shares of the semiconductor manufacturer's stock worth $2,892,548,000 after purchasing an additional 17,181,652 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Broadcom by 16.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 31,854,414 shares of the semiconductor manufacturer's stock worth $5,333,384,000 after purchasing an additional 4,550,647 shares during the last quarter. Finally, Deutsche Bank AG raised its position in shares of Broadcom by 36.9% during the 1st quarter. Deutsche Bank AG now owns 15,758,895 shares of the semiconductor manufacturer's stock worth $2,638,512,000 after purchasing an additional 4,245,345 shares during the last quarter. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom Stock Performance

Shares of AVGO stock opened at $334.89 on Friday. Broadcom Inc. has a 12 month low of $134.90 and a 12 month high of $356.34. 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 firm has a market capitalization of $1.58 trillion, a P/E ratio of 85.43, a P/E/G ratio of 2.38 and a beta of 1.16. The company's fifty day moving average price is $292.09 and its two-hundred day moving average price is $237.31.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, topping analysts' consensus estimates of $1.66 by $0.03. Broadcom had a net margin of 31.59% and a return on equity of 37.17%. The firm had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. During the same quarter in the previous year, the business posted $1.24 EPS. The firm's revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. On average, research analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd will be issued a $0.59 dividend. The ex-dividend date is Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. Broadcom's payout ratio is currently 60.20%.

Insider Transactions at Broadcom

In other news, Director Henry Samueli sold 473,898 shares of the stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $265.33, for a total transaction of $125,739,356.34. Following the transaction, the director owned 38,188,575 shares of the company's stock, valued at approximately $10,132,574,604.75. This trade represents a 1.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Charlie B. Kawwas sold 10,000 shares of the stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $252.88, for a total transaction of $2,528,800.00. Following the transaction, the insider directly owned 789,784 shares in the company, valued at $199,720,577.92. The trade was a 1.25% 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 three months. Insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Rosenblatt Securities lifted their target price on shares of Broadcom from $340.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday. Arete Research raised shares of Broadcom to a "strong-buy" rating in a research note on Monday, July 28th. Mizuho lifted their target price on shares of Broadcom from $320.00 to $355.00 and gave the stock an "outperform" rating in a research note on Friday. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $340.00 target price on shares of Broadcom in a research note on Wednesday, August 13th. Finally, KeyCorp lifted their target price on shares of Broadcom from $330.00 to $400.00 and gave the stock an "overweight" rating in a research note on Friday. 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 stock. According to data from MarketBeat, Broadcom has a consensus rating of "Buy" and a consensus target price of $351.00.

Broadcom Company 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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