Teza Capital Management LLC Buys Shares of 4,091 Broadcom Inc. $AVGO

Key Points

• Teza Capital Management LLC acquired a new stake in Broadcom Inc., purchasing 4,091 shares valued at approximately $685,000 in the first quarter.
• Several institutional investors, including Brighton Jones LLC and Fullerton Fund Management Co Ltd., have significantly increased their holdings in Broadcom, now owning over 76% of the company's stock.
• Analysts have raised their price targets for Broadcom, with Wells Fargo increasing its target from $255 to $345 and others setting targets as high as $400, reflecting a consensus rating of "Buy".

Teza Capital Management LLC bought a new stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,091 shares of the semiconductor manufacturer's stock, valued at approximately $685,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Brighton Jones LLC lifted its position in shares of Broadcom by 21.8% in the 4th quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer's stock worth $6,882,000 after purchasing an additional 5,322 shares during the period. Revolve Wealth Partners LLC lifted its position in shares of Broadcom by 10.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer's stock worth $1,854,000 after purchasing an additional 756 shares during the period. Bank Pictet & Cie Europe AG lifted its position in shares of Broadcom by 16.4% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 221,199 shares of the semiconductor manufacturer's stock worth $51,283,000 after purchasing an additional 31,225 shares during the period. Fullerton Fund Management Co Ltd. lifted its position in shares of Broadcom by 45.7% in the 4th quarter. Fullerton Fund Management Co Ltd. now owns 201,574 shares of the semiconductor manufacturer's stock worth $46,733,000 after purchasing an additional 63,203 shares during the period. Finally, Full Sail Capital LLC lifted its position in shares of Broadcom by 8.9% in the 4th quarter. Full Sail Capital LLC now owns 3,179 shares of the semiconductor manufacturer's stock worth $737,000 after purchasing an additional 259 shares during the period. Institutional investors and hedge funds own 76.43% of the company's stock.

Analysts Set New Price Targets

AVGO has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price target on shares of Broadcom from $255.00 to $345.00 and gave the stock an "equal weight" rating in a research report on Friday. Wall Street Zen raised Broadcom from a "hold" rating to a "buy" rating in a research note on Saturday. Sanford C. Bernstein raised their target price on Broadcom from $295.00 to $400.00 and gave the stock an "outperform" rating in a research note on Friday. Rosenblatt Securities raised their target price on Broadcom from $340.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday. Finally, Hsbc Global Res raised Broadcom from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, June 24th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $351.00.

Broadcom Trading Up 9.4%

NASDAQ AVGO opened at $334.89 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.08 and a quick ratio of 0.98. Broadcom Inc. has a one year low of $134.90 and a one year high of $356.34. The business has a 50 day simple moving average of $292.09 and a 200 day simple moving average of $237.31. The stock 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.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating analysts' consensus estimates of $1.66 by $0.03. Broadcom had a return on equity of 37.17% and a net margin of 31.59%.The firm had revenue of $15.95 billion during the quarter, compared to analysts' expectations of $15.82 billion. During the same quarter last year, the firm posted $1.24 earnings per share. The company'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. Research analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

The firm 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 dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, September 22nd. Broadcom's payout ratio is 60.20%.

Insider Buying and Selling at Broadcom

In other Broadcom news, CEO Hock E. Tan sold 40,000 shares of the business's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $268.29, for a total transaction of $10,731,600.00. Following the completion of the sale, the chief executive officer owned 482,836 shares in the company, valued at approximately $129,540,070.44. The trade was a 7.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Henry Samueli sold 473,898 shares of the business's stock in a transaction on 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 sale, the director 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 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 in the last ninety days. 2.00% of the stock is currently owned by corporate 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.

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