TT International Asset Management LTD Acquires Shares of 1,524 Broadcom Inc. $AVGO

Key Points

• TT International Asset Management LTD invested approximately $420,000 in 1,524 shares of Broadcom Inc., marking a new position for the firm in the semiconductor industry.
• Insider transactions included a noteworthy sale by CEO Hock E. Tan, who sold 148,154 shares for roughly $49.88 million, indicating a 15.21% decrease in his ownership of the company's stock.
• Several analysts upgraded Broadcom's stock rating, with Evercore ISI reaffirming an "outperform" rating and raising the target price to $342.00, while many others assigned a "buy" rating.

TT International Asset Management LTD purchased a new stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,524 shares of the semiconductor manufacturer's stock, valued at approximately $420,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AVGO. PARUS FINANCE UK Ltd lifted its position in shares of Broadcom by 175.3% during the first quarter. PARUS FINANCE UK Ltd now owns 100,578 shares of the semiconductor manufacturer's stock worth $16,840,000 after purchasing an additional 64,038 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of Broadcom by 27.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 64,130 shares of the semiconductor manufacturer's stock worth $10,737,000 after acquiring an additional 13,978 shares in the last quarter. Keener Financial Planning LLC raised its holdings in shares of Broadcom by 34.8% during the first quarter. Keener Financial Planning LLC now owns 890 shares of the semiconductor manufacturer's stock worth $149,000 after purchasing an additional 230 shares during the period. Diversify Wealth Management LLC boosted its position in Broadcom by 5.6% during the 1st quarter. Diversify Wealth Management LLC now owns 38,016 shares of the semiconductor manufacturer's stock valued at $6,365,000 after purchasing an additional 2,016 shares during the period. Finally, Acorns Advisers LLC boosted its stake in Broadcom by 24.3% during the 1st quarter. Acorns Advisers LLC now owns 4,184 shares of the semiconductor manufacturer's stock valued at $701,000 after purchasing an additional 818 shares during the period. Institutional investors and hedge funds own 76.43% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on AVGO. Bank of America raised their target price on shares of Broadcom from $300.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, September 5th. Benchmark lifted their price target on Broadcom from $315.00 to $385.00 and gave the company a "buy" rating in a research report on Friday, September 5th. Rosenblatt Securities boosted their target price on shares of Broadcom from $340.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, September 5th. Susquehanna lifted their target price on Broadcom from $280.00 to $300.00 and gave the company a "positive" rating in a research note on Friday, June 6th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $300.00 price objective on shares of Broadcom in a report on Friday, June 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Broadcom has a consensus rating of "Buy" and an average price target of $356.48.

Insider Transactions at Broadcom

In related news, Director Henry Samueli sold 473,898 shares of Broadcom stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $265.33, for a total value of $125,739,356.34. Following the completion of the transaction, the director directly owned 38,188,575 shares of the company's stock, valued at $10,132,574,604.75. The trade was a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kirsten M. Spears sold 7,498 shares of the company's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total transaction of $2,606,754.68. Following the transaction, the chief financial officer owned 313,330 shares in the company, valued at $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 90 days, insiders acquired 3,550 shares of company stock valued at $1,227,869 and sold 714,172 shares valued at $204,311,160. 2.00% of the stock is currently owned by corporate insiders.

Broadcom Stock Performance

Shares of AVGO traded up $4.50 during trading hours on Tuesday, reaching $343.29. 5,493,730 shares of the company traded hands, compared to its average volume of 26,348,672. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $374.23. The stock has a market cap of $1.62 trillion, a P/E ratio of 87.41, a price-to-earnings-growth ratio of 1.91 and a beta of 1.16. The stock's fifty day moving average is $309.32 and its 200 day moving average is $249.20. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, topping the consensus estimate of $1.66 by $0.03. Broadcom had a return on equity of 36.60% 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 period last year, the business earned $1.24 earnings per share. Broadcom's quarterly revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. Equities research analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

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

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.