Unisphere Establishment Acquires 126,400 Shares of Broadcom Inc. $AVGO

Key Points

• Unisphere Establishment increased its holdings in Broadcom Inc. by 15%, acquiring an additional 126,400 shares to reach a total of 967,600 shares, valued at approximately $162 million.
• Other large investors have also made significant adjustments to their positions in Broadcom, with 76.43% of the company's stock currently owned by institutional investors.
• Broadcom reported a quarterly revenue of $15 billion, exceeding analyst expectations, with a year-over-year revenue growth of 20.2%.

Unisphere Establishment raised its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 15.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 967,600 shares of the semiconductor manufacturer's stock after buying an additional 126,400 shares during the quarter. Broadcom comprises 1.4% of Unisphere Establishment's investment portfolio, making the stock its 23rd largest position. Unisphere Establishment's holdings in Broadcom were worth $162,005,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. 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. Baker Avenue Asset Management LP grew its position in shares of Broadcom by 9.0% in the 4th quarter. Baker Avenue Asset Management LP now owns 19,274 shares of the semiconductor manufacturer's stock worth $4,468,000 after buying an additional 1,587 shares during the period. Finally, Chapman Financial Group LLC purchased a new stake in shares of Broadcom in the 4th quarter worth about $134,000. 76.43% of the stock is currently owned by institutional investors.

Broadcom Price Performance

AVGO opened at $297.39 on Tuesday. The stock has a 50-day moving average price of $288.61 and a 200-day moving average price of $235.11. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.08 and a quick ratio of 0.98. The firm has a market cap of $1.40 trillion, a PE ratio of 111.38, a P/E/G ratio of 2.11 and a beta of 1.16. Broadcom Inc. has a 1 year low of $134.90 and a 1 year high of $317.35.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings data on Thursday, June 5th. The semiconductor manufacturer reported $1.58 EPS for the quarter, beating the consensus estimate of $1.57 by $0.01. Broadcom had a return on equity of 35.49% and a net margin of 22.64%.The company had revenue of $15 billion for the quarter, compared to analysts' expectations of $14.98 billion. During the same period last year, the firm posted $10.96 earnings per share. Broadcom's revenue was up 20.2% compared to the same quarter last year. Broadcom has set its Q3 2025 guidance at EPS. Sell-side analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 20th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Friday, June 20th. This represents a $2.36 annualized dividend and a dividend yield of 0.8%. Broadcom's dividend payout ratio (DPR) is 88.39%.

Insider Activity at Broadcom

In related news, Director Gayla J. Delly sold 3,000 shares of the stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $265.13, for a total transaction of $795,390.00. Following the sale, the director directly owned 33,352 shares of the company's stock, valued at $8,842,615.76. This trade represents a 8.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Henry Samueli sold 473,898 shares of the stock in a transaction on 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 sale, the director directly owned 38,188,575 shares in the company, valued at $10,132,574,604.75. This trade represents a 1.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 830,516 shares of company stock valued at $217,286,457 over the last three months. 2.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on AVGO shares. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $340.00 target price on shares of Broadcom in a research report on Wednesday, August 13th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $300.00 target price on shares of Broadcom in a research report on Friday, June 6th. Redburn Atlantic started coverage on shares of Broadcom in a research report on Wednesday, May 28th. They issued a "buy" rating and a $301.00 target price on the stock. Evercore ISI reaffirmed an "outperform" rating and issued a $304.00 target price (up from $267.00) on shares of Broadcom in a research report on Friday, June 6th. Finally, Arete Research raised Broadcom to a "strong-buy" rating in a research report on Monday, July 28th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $301.79.

Broadcom 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.

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