Sender Co & Partners Inc. Makes New Investment in Broadcom Inc. $AVGO

Key Points

• Sender Co & Partners Inc. has acquired a new stake in Broadcom Inc., purchasing 8,687 shares valued at approximately $1.45 million in the first quarter.
• Broadcom's stock is currently up 9.4%, with a market capitalization of $1.58 trillion and recent earnings showing a revenue increase of 22.0% year-over-year.
• The company has announced a quarterly dividend of $0.59 per share, demonstrating a dividend yield of 0.7% and a payout ratio of 60.20%.

Sender Co & Partners Inc. bought a new position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,687 shares of the semiconductor manufacturer's stock, valued at approximately $1,454,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barnes Dennig Private Wealth Management LLC bought a new stake in Broadcom during the 1st quarter worth about $25,000. Cheviot Value Management LLC bought a new stake in shares of Broadcom during the first quarter valued at approximately $25,000. Inlight Wealth Management LLC acquired a new stake in shares of Broadcom in the first quarter valued at approximately $26,000. Sunbeam Capital Management LLC bought a new position in Broadcom in the 4th quarter worth approximately $28,000. Finally, Vermillion Wealth Management Inc. acquired a new position in Broadcom during the 4th quarter worth $30,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom Trading Down 2.6%

Shares of AVGO stock traded down $8.98 on Tuesday, hitting $336.67. The stock had a trading volume of 26,756,440 shares, compared to its average volume of 22,489,222. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $356.34. The company has a fifty day moving average price of $294.92 and a two-hundred day moving average price of $238.95. The firm has a market cap of $1.58 trillion, a P/E ratio of 85.89, a PEG ratio of 1.89 and a beta of 1.16.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.03. The firm had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The company's revenue for the quarter was up 22.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. As a group, analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on AVGO shares. Redburn Atlantic assumed coverage on Broadcom in a research note on Wednesday, May 28th. They issued a "buy" rating and a $301.00 target price for the company. HSBC upgraded Broadcom from a "hold" rating to a "buy" rating and set a $400.00 price target on the stock in a report on Tuesday, June 24th. Barclays boosted their price objective on Broadcom from $265.00 to $400.00 and gave the stock an "overweight" rating in a report on Friday. Sanford C. Bernstein upped their target price on shares of Broadcom from $295.00 to $400.00 and gave the company an "outperform" rating in a research report on Friday. Finally, Susquehanna raised their target price on shares of Broadcom from $280.00 to $300.00 and gave the company a "positive" rating in a research note on Friday, June 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $351.92.

Insider Transactions at Broadcom

In other news, CEO Hock E. Tan sold 40,000 shares of the business's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $268.29, for a total value of $10,731,600.00. Following the sale, the chief executive officer directly owned 482,836 shares in the company, valued at $129,540,070.44. The trade was a 7.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Justine Page sold 800 shares of the stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $307.46, for a total value of $245,968.00. Following the transaction, the director owned 23,782 shares of the company's stock, valued at approximately $7,312,013.72. The trade was a 3.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 830,516 shares of company stock worth $217,286,457. 2.00% of the stock is currently owned by company insiders.

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.