United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Buys 93,201 Shares of Broadcom Inc. $AVGO

Key Points

• United Super Pty Ltd boosted its Broadcom stake by 67.3% in the fourth quarter, buying 93,201 additional shares and bringing its total to 231,716 shares worth about $80.2 million.
• Insider selling picked up recently, with CFO Kirsten M. Spears and insider S. Ram Velaga both selling shares on March 17; insiders sold a total of 324,282 shares last quarter.
• Broadcom’s fundamentals remain strong, as its latest quarterly results beat analyst expectations on both earnings and revenue, while Wall Street analysts mostly maintain a Moderate Buy view with price targets as high as $582.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lifted its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 67.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 231,716 shares of the semiconductor manufacturer's stock after purchasing an additional 93,201 shares during the quarter. Broadcom accounts for about 1.1% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund's holdings, making the stock its 18th largest position. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund's holdings in Broadcom were worth $80,197,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Baring Financial LLC raised its stake in shares of Broadcom by 2.2% during the 4th quarter. Baring Financial LLC now owns 1,359 shares of the semiconductor manufacturer's stock valued at $470,000 after purchasing an additional 29 shares during the period. Five Oceans Advisors raised its stake in shares of Broadcom by 0.4% during the 4th quarter. Five Oceans Advisors now owns 8,191 shares of the semiconductor manufacturer's stock valued at $2,835,000 after purchasing an additional 29 shares during the period. Private Wealth Partners LLC raised its stake in shares of Broadcom by 0.7% during the 3rd quarter. Private Wealth Partners LLC now owns 4,273 shares of the semiconductor manufacturer's stock valued at $1,410,000 after purchasing an additional 30 shares during the period. Planning Alternatives Ltd. ADV raised its stake in shares of Broadcom by 1.4% during the 3rd quarter. Planning Alternatives Ltd. ADV now owns 2,168 shares of the semiconductor manufacturer's stock valued at $715,000 after purchasing an additional 30 shares during the period. Finally, Bell Investment Advisors Inc raised its stake in shares of Broadcom by 1.9% during the 3rd quarter. Bell Investment Advisors Inc now owns 1,638 shares of the semiconductor manufacturer's stock valued at $540,000 after purchasing an additional 30 shares during the period. 76.43% of the stock is currently owned by institutional investors.

Insider Transactions at Broadcom

In other news, CFO Kirsten M. Spears sold 36,292 shares of the company's stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total value of $11,671,507.20. Following the completion of the transaction, the chief financial officer directly owned 327,760 shares in the company, valued at approximately $105,407,616. This represents a 9.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider S. Ram Velaga sold 38,841 shares of the company's stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total value of $12,491,265.60. Following the completion of the transaction, the insider owned 96,147 shares of the company's stock, valued at $30,920,875.20. The trade was a 28.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 324,282 shares of company stock valued at $106,425,249 over the last quarter. 1.90% of the stock is owned by company insiders.

Broadcom Price Performance

AVGO opened at $459.97 on Tuesday. The stock has a 50-day moving average price of $386.31 and a 200-day moving average price of $359.32. Broadcom Inc. has a 12-month low of $241.11 and a 12-month high of $466.05. The company has a current ratio of 1.90, a quick ratio of 1.73 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $2.18 trillion, a P/E ratio of 89.84, a PEG ratio of 0.92 and a beta of 1.41.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its quarterly earnings data on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.03 by $0.02. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The firm had revenue of $19.31 billion during the quarter, compared to analysts' expectations of $19.10 billion. During the same period in the prior year, the business earned $1.60 EPS. The company's revenue for the quarter was up 29.5% compared to the same quarter last year. Equities analysts predict that Broadcom Inc. will post 9.91 earnings per share for the current fiscal year.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Several Wall Street firms raised their price targets ahead of earnings, including Susquehanna to $490, Morgan Stanley to $485, and HSBC also turning more constructive. That signals higher expectations for Broadcom’s upcoming results and outlook. Susquehanna and UBS Raise Broadcom (AVGO) Price Target Ahead of Results
• Positive Sentiment: Broadcom introduced broadband and Wi-Fi 8 innovations with embedded AI/NPU capabilities, reinforcing the company’s growth narrative around AI at the edge and next-generation connectivity. Broadcom Connects the AI Edge with Comprehensive Multi-Gig Broadband and Wi-Fi 8 Innovations
• Positive Sentiment: Market chatter highlights Broadcom as a key AI beneficiary, with investors watching for another strong quarter as AI chip sales surge and traders expect a potentially large post-earnings move. Broadcom Reports Earnings Wednesday. Here's How Much Traders Expect the Stock to Move
• Neutral Sentiment: Commentary on valuation notes that AVGO is trading at a premium, so the stock may need a very strong earnings print and guidance to justify the rally. Broadcom: Still A Buyer At 61x, But The Print Has To Be Flawless
• Neutral Sentiment: Some articles are simply pointing to Broadcom as a stock to watch this week or a top long-term growth name, which supports attention on the shares but does not change fundamentals by itself.
• Negative Sentiment: One note highlights a bearish bet against Broadcom, underscoring that not all investors are convinced the stock can keep extending higher. Broadcom Inc. (AVGO): Leopold Aschenbrenner Reveals Bearish Bet

Wall Street Analyst Weigh In

AVGO has been the topic of a number of analyst reports. DA Davidson upgraded Broadcom to a "hold" rating in a research note on Friday, February 13th. Citigroup reiterated a "buy" rating and set a $500.00 price objective (up from $475.00) on shares of Broadcom in a research note on Tuesday, May 12th. Susquehanna reiterated a "positive" rating and set a $490.00 price objective (up from $450.00) on shares of Broadcom in a research note on Thursday. Evercore reiterated an "outperform" rating and set a $582.00 price objective on shares of Broadcom in a research note on Tuesday, May 19th. Finally, Weiss Ratings upgraded Broadcom from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $455.07.

Broadcom Profile

Broadcom Inc NASDAQ: AVGO is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company's semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.

On the semiconductor side, Broadcom's portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.

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