Vanguard Personalized Indexing Management LLC Purchases 148,240 Shares of Broadcom Inc. $AVGO

Key Points

• Vanguard Personalized Indexing Management LLC significantly increased its stake in Broadcom Inc. by 24.1%, now holding 764,338 shares, valued at approximately $211.2 million.
• Broadcom received positive analyst ratings, with a consensus target price of $372.33 and multiple firms maintaining a "buy" rating.
• Insiders at Broadcom, including CEO Hock E. Tan, have sold shares recently, with Tan offloading 100,000 shares for approximately $34 million in total transactions.

Vanguard Personalized Indexing Management LLC lifted its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 24.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 764,338 shares of the semiconductor manufacturer's stock after purchasing an additional 148,240 shares during the quarter. Broadcom accounts for approximately 2.4% of Vanguard Personalized Indexing Management LLC's portfolio, making the stock its 6th largest holding. Vanguard Personalized Indexing Management LLC's holdings in Broadcom were worth $211,228,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC grew its stake in Broadcom by 21.8% in the 4th quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer's stock valued at $6,882,000 after acquiring an additional 5,322 shares during the period. Revolve Wealth Partners LLC grew its stake in Broadcom by 10.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer's stock valued at $1,854,000 after acquiring an additional 756 shares during the period. GAMMA Investing LLC grew its stake in Broadcom by 9.2% in the 1st quarter. GAMMA Investing LLC now owns 103,184 shares of the semiconductor manufacturer's stock valued at $17,276,000 after acquiring an additional 8,672 shares during the period. Inscription Capital LLC acquired a new stake in Broadcom in the 1st quarter valued at $133,000. Finally, ORG Wealth Partners LLC grew its stake in Broadcom by 1,211.9% in the 1st quarter. ORG Wealth Partners LLC now owns 879 shares of the semiconductor manufacturer's stock valued at $148,000 after acquiring an additional 812 shares during the period. Institutional investors and hedge funds own 76.43% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on AVGO shares. Citigroup reissued a "buy" rating and issued a $415.00 price target (up previously from $350.00) on shares of Broadcom in a research note on Tuesday. Rosenblatt Securities lifted their price target on shares of Broadcom from $340.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, September 5th. Deutsche Bank Aktiengesellschaft set a $400.00 price target on shares of Broadcom and gave the company a "buy" rating in a research note on Tuesday. UBS Group set a $415.00 price objective on Broadcom and gave the company a "buy" rating in a report on Tuesday. Finally, Hsbc Global Res upgraded Broadcom from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 24th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $372.33.

Insider Buying and Selling at Broadcom

In other news, insider Charlie B. Kawwas sold 3,893 shares of the firm's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the completion of the sale, the insider owned 25,295 shares in the company, valued at $8,798,106.90. This trade represents a 13.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Hock E. Tan sold 100,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $339.58, for a total transaction of $33,958,000.00. Following the sale, the chief executive officer owned 725,638 shares of the company's stock, valued at $246,412,152.04. This represents a 12.11% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,464,248. 2.00% of the stock is currently owned by corporate insiders.

Broadcom Stock Down 1.4%

NASDAQ AVGO opened at $349.33 on Friday. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $374.23. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. The business's fifty day simple moving average is $327.73 and its 200-day simple moving average is $268.57. The firm has a market cap of $1.65 trillion, a PE ratio of 89.11, a P/E/G ratio of 1.99 and a beta of 1.20.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its quarterly 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 business had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. During the same quarter in the previous year, the firm earned $1.24 EPS. The company's quarterly revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were issued a dividend of $0.59 per share. The ex-dividend date was 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 currently 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.

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