Sarasin & Partners LLP Buys 195,466 Shares of Broadcom Inc. $AVGO

Key Points

• Sarasin & Partners LLP increased its stake in Broadcom by 31.8%, acquiring an additional 195,466 shares during the second quarter, bringing their total holdings to 810,926 shares.
• Broadcom reported a 22.0% increase in quarterly revenue year-over-year, with earnings per share of $1.69, surpassing analysts' expectations.
• A number of analysts have raised their price targets for Broadcom, with JPMorgan Chase boosting theirs from $325 to $400, indicating strong investor sentiment.

Sarasin & Partners LLP grew its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 31.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 810,926 shares of the semiconductor manufacturer's stock after purchasing an additional 195,466 shares during the quarter. Broadcom makes up about 2.2% of Sarasin & Partners LLP's holdings, making the stock its 18th largest position. Sarasin & Partners LLP's holdings in Broadcom were worth $223,532,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC increased its position in shares of Broadcom by 21.8% during the fourth quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer's stock valued at $6,882,000 after acquiring an additional 5,322 shares during the last quarter. Revolve Wealth Partners LLC increased its position in shares of Broadcom by 10.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer's stock valued at $1,854,000 after acquiring an additional 756 shares during the last quarter. Bank Pictet & Cie Europe AG increased its position in shares of Broadcom by 16.4% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 221,199 shares of the semiconductor manufacturer's stock valued at $51,283,000 after acquiring an additional 31,225 shares during the last quarter. 49 Wealth Management LLC increased its position in shares of Broadcom by 1.6% during the fourth quarter. 49 Wealth Management LLC now owns 7,774 shares of the semiconductor manufacturer's stock valued at $1,802,000 after acquiring an additional 126 shares during the last quarter. Finally, Poehling Capital Management INC. purchased a new stake in shares of Broadcom during the fourth quarter valued at approximately $232,000. Institutional investors own 76.43% of the company's stock.

Broadcom Price Performance

NASDAQ AVGO opened at $345.35 on Friday. The business's fifty day moving average price is $306.64 and its 200-day moving average price is $246.25. The stock has a market capitalization of $1.63 trillion, a price-to-earnings ratio of 88.10, a PEG ratio of 1.91 and a beta of 1.16. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $374.23.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its earnings results 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 return on equity of 36.60% and a net margin of 31.59%.The company had revenue of $15.95 billion for the quarter, compared to analysts' expectations of $15.82 billion. During the same period last year, the firm earned $1.24 EPS. Broadcom's revenue for the quarter was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. On average, equities analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts recently commented on AVGO shares. JPMorgan Chase & Co. increased their price target on Broadcom from $325.00 to $400.00 and gave the company an "overweight" rating in a research report on Friday, September 5th. Piper Sandler increased their price target on Broadcom from $315.00 to $375.00 and gave the company an "overweight" rating in a research report on Friday, September 5th. TD Cowen increased their price target on Broadcom from $355.00 to $370.00 and gave the company a "buy" rating in a research report on Friday, September 5th. Argus increased their price target on Broadcom from $285.00 to $375.00 and gave the company a "buy" rating in a research report on Monday, September 8th. Finally, Benchmark raised their target price on Broadcom from $315.00 to $385.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Broadcom has a consensus rating of "Buy" and an average price target of $356.48.

Insider Buying and Selling

In other Broadcom news, Director Henry Samueli sold 473,898 shares of the firm's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $265.33, for a total transaction of $125,739,356.34. Following the sale, the director directly owned 38,188,575 shares of the company's stock, valued at $10,132,574,604.75. This trade represents a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kirsten M. Spears sold 36,350 shares of the firm's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $261.27, for a total value of $9,497,164.50. Following the sale, the chief financial officer directly owned 325,587 shares in the company, valued at approximately $85,066,115.49. This represents a 10.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 3,550 shares of company stock valued at $1,227,869 and sold 840,522 shares valued at $236,959,124. 2.00% of the stock is owned by company insiders.

Broadcom 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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