Sivia Capital Partners LLC Has $3.50 Million Stock Holdings in Broadcom Inc. $AVGO

Key Points

• Sivia Capital Partners LLC increased its stake in Broadcom Inc. by 10.1%, owning a total of 12,693 shares valued at approximately $3,499,000 after acquiring 1,160 additional shares in the second quarter.
• Several institutional investors, including Brighton Jones LLC and Bank Pictet & Cie Europe AG, have also boosted their holdings in Broadcom, reflecting an overall institutional ownership of 76.43%.
• Broadcom's recent earnings report showed a 22.0% year-over-year revenue increase, reporting $15.95 billion in revenue, exceeding analyst expectations, with a current average price target of $356.48 from various analysts.

Sivia Capital Partners LLC increased its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 10.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,693 shares of the semiconductor manufacturer's stock after buying an additional 1,160 shares during the period. Broadcom accounts for approximately 1.0% of Sivia Capital Partners LLC's portfolio, making the stock its 14th largest holding. Sivia Capital Partners LLC's holdings in Broadcom were worth $3,499,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of AVGO. Brighton Jones LLC grew its holdings in shares of Broadcom by 21.8% during the 4th quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer's stock worth $6,882,000 after acquiring an additional 5,322 shares during the period. Revolve Wealth Partners LLC lifted its holdings in shares of Broadcom by 10.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer's stock valued at $1,854,000 after buying an additional 756 shares during the period. Bank Pictet & Cie Europe AG lifted its holdings in shares of Broadcom by 16.4% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 221,199 shares of the semiconductor manufacturer's stock valued at $51,283,000 after buying an additional 31,225 shares during the period. 49 Wealth Management LLC lifted its holdings in shares of Broadcom by 1.6% during the 4th quarter. 49 Wealth Management LLC now owns 7,774 shares of the semiconductor manufacturer's stock valued at $1,802,000 after buying an additional 126 shares during the period. Finally, Poehling Capital Management INC. bought a new position in shares of Broadcom during the 4th quarter valued at $232,000. 76.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on AVGO. Sanford C. Bernstein increased their price target on Broadcom from $295.00 to $400.00 and gave the stock an "outperform" rating in a research note on Friday, September 5th. JPMorgan Chase & Co. upped their target price on Broadcom from $325.00 to $400.00 and gave the company an "overweight" rating in a research report on Friday, September 5th. Mizuho increased their target price on shares of Broadcom from $355.00 to $410.00 and gave the stock an "outperform" rating in a research note on Friday, September 12th. KeyCorp increased their price objective on shares of Broadcom from $330.00 to $400.00 and gave the company an "overweight" rating in a report on Friday, September 5th. Finally, Wall Street Zen upgraded shares of Broadcom from a "hold" rating to a "buy" rating in a report on Saturday, September 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $356.48.

Broadcom Stock Performance

NASDAQ AVGO traded down $0.41 during trading on Friday, reaching $344.94. The company's stock had a trading volume of 41,147,297 shares, compared to its average volume of 27,762,164. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $374.23. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. The business's fifty day moving average price is $308.05 and its 200-day moving average price is $247.33. The firm has a market cap of $1.63 trillion, a price-to-earnings ratio of 87.99, a P/E/G ratio of 1.91 and a beta of 1.16.

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

Broadcom Dividend Announcement

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

Insider Buying and Selling

In related news, insider Mark David Brazeal sold 16,558 shares of the firm's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the completion of the sale, the insider directly owned 329,302 shares of the company's stock, valued at approximately $114,468,668.22. This trade represents a 4.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kirsten M. Spears sold 7,498 shares of the firm's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.66, for a total transaction of $2,606,754.68. Following the sale, the chief financial officer directly owned 313,330 shares of the company's stock, valued at approximately $108,932,307.80. The trade was a 2.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 3,550 shares of company stock valued at $1,227,869 and have sold 840,522 shares valued at $236,959,124. 2.00% of the stock is currently owned by 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.