Saudi Central Bank Makes New Investment in Broadcom Inc. $AVGO

Key Points

• The **Saudi Central Bank** has purchased **1,752 shares** of Broadcom Inc. valued at approximately **$293,000**, making it the bank's 9th largest investment, comprising **1.6%** of its portfolio.
• Various institutional investors have increased their holdings in Broadcom significantly, with Grand Alliance Asset Management Ltd reporting a **73.5%** increase in its position during the first quarter.
• Broadcom shares recently opened at **$297.39**, reflecting a market cap of **$1.40 trillion**, and the company has a consensus rating of **"Buy"** among analysts, with a price target of approximately **$301.79**.

Saudi Central Bank purchased a new stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,752 shares of the semiconductor manufacturer's stock, valued at approximately $293,000. Broadcom accounts for 1.6% of Saudi Central Bank's investment portfolio, making the stock its 9th biggest position.

A number of other large investors also recently made changes to their positions in AVGO. Nuveen LLC acquired a new position in shares of Broadcom in the 1st quarter valued at $6,649,117,000. Price T Rowe Associates Inc. MD raised its stake in 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 buying an additional 17,985,046 shares during the period. GAMMA Investing LLC raised its stake in 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 buying an additional 17,181,652 shares during the period. Goldman Sachs Group Inc. raised its stake in 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 buying an additional 4,550,647 shares during the period. Finally, Deutsche Bank AG raised its stake in 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 buying an additional 4,245,345 shares during the period. Institutional investors and hedge funds own 76.43% of the company's stock.

Broadcom Stock Up 0.3%

Shares of Broadcom stock traded up $0.85 during trading on Tuesday, reaching $298.24. The stock had a trading volume of 19,640,161 shares, compared to its average volume of 16,772,411. The company has a market capitalization of $1.40 trillion, a price-to-earnings ratio of 59.48, a P/E/G ratio of 2.11 and a beta of 1.16. The stock has a fifty day moving average price of $288.61 and a two-hundred day moving average price of $235.11. Broadcom Inc. has a 52 week low of $134.90 and a 52 week high of $317.35. The company has a current ratio of 1.08, a quick ratio of 0.98 and a debt-to-equity ratio of 0.89.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings results 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 company 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 company's quarterly revenue was up 20.2% compared to the same quarter last year. During the same period in the previous year, the company posted $10.96 earnings per share. Broadcom has set its Q3 2025 guidance at EPS. Sell-side analysts predict that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 20th were given 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 payout ratio is currently 88.39%.

Analysts Set New Price Targets

AVGO has been the topic of several research analyst reports. HSBC raised Broadcom from a "hold" rating to a "buy" rating and set a $400.00 price objective on the stock in a research note on Tuesday, June 24th. Erste Group Bank upgraded shares of Broadcom from a "hold" rating to a "buy" rating in a report on Thursday, June 5th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $300.00 price target on shares of Broadcom in a research note on Friday, June 6th. Cowen reiterated a "buy" rating on shares of Broadcom in a report on Friday, June 6th. Finally, Bank of America increased their price objective on shares of Broadcom from $240.00 to $300.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Broadcom presently has a consensus rating of "Buy" and an average price target of $302.58.

Insiders Place Their Bets

In related news, Director Gayla J. Delly sold 3,000 shares of Broadcom stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $265.13, for a total value of $795,390.00. Following the sale, the director owned 33,352 shares of the company's stock, valued at approximately $8,842,615.76. The trade was a 8.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Henry Samueli sold 473,898 shares of Broadcom stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $265.33, for a total value of $125,739,356.34. Following the completion of the sale, the director directly owned 38,188,575 shares in the company, valued at approximately $10,132,574,604.75. This represents a 1.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 830,516 shares of company stock valued at $217,286,457 in the last quarter. 2.00% of the stock is currently owned by corporate insiders.

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.