WINTON GROUP Ltd Acquires 39,849 Shares of Broadcom Inc. $AVGO

Key Points

• WINTON GROUP Ltd increased its Broadcom stake by 4,369.4% in the second quarter, purchasing 39,849 additional shares and bringing its holdings to 40,761 shares valued at approximately $15.4 million.
• Broadcom remains heavily supported by institutional investors, which own 76.43% of outstanding shares. Analysts maintain a broadly positive view, with a consensus “Moderate Buy” rating and an average price target of $509.04.
• Broadcom reported strong quarterly results, including $29.59 billion in revenue, up 85.5% year over year, and EPS of $3.32, beating estimates. Its AI-chip opportunity is a major growth catalyst, though concerns about slowing hyperscaler infrastructure spending remain a risk.

WINTON GROUP Ltd lifted its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 4,369.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,761 shares of the semiconductor manufacturer's stock after buying an additional 39,849 shares during the period. Broadcom makes up 0.5% of WINTON GROUP Ltd's portfolio, making the stock its 28th biggest position. WINTON GROUP Ltd's holdings in Broadcom were worth $15,397,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Broadcom during the 4th quarter valued at about $24,252,196,000. Legal & General Group Plc bought a new stake in shares of Broadcom in the second quarter worth approximately $11,998,148,000. Bank of New York Mellon Corp purchased a new position in shares of Broadcom during the second quarter valued at approximately $10,528,191,000. Jupiter Topco LLC purchased a new position in shares of Broadcom during the second quarter valued at approximately $7,396,271,000. Finally, Deutsche Bank AG bought a new position in Broadcom during the second quarter valued at approximately $5,661,216,000. 76.43% of the stock is currently owned by institutional investors.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s custom-chip opportunity remains the main bullish catalyst. Management forecasts AI semiconductor revenue of approximately $115 billion in fiscal 2027 and $230 billion in fiscal 2028, while recent reports say AI chip orders are tripling. Investors are looking for evidence that these orders will translate into revenue and earnings growth. Investors Want to Know When Broadcom’s Custom Hyperscaler Chips Will Move Share Prices
• Positive Sentiment: Analysts and market commentators see substantial upside after the summer selloff. Jim Cramer called AVGO potentially “too cheap to ignore,” while other coverage points to a wide gap between the current share price and Wall Street price targets. Jim Cramer on Broadcom: The Stock May Be Too Cheap to Ignore
• Positive Sentiment: Broadcom is viewed as a key supplier to the next phase of AI infrastructure, including custom accelerators, networking and inference hardware. Industry commentary also highlights potential growth in enterprise AI and VMware private-cloud demand, although the evidence for that software trend is mixed. Enterprise AI to Boost Broadcom’s Software Business
• Neutral Sentiment: The broader semiconductor rebound helped lift AVGO, but the stock’s performance is still being driven more by expectations than by newly announced company-specific results. Investors are waiting for custom-hyperscaler chip deployments to produce visible financial impact.
• Negative Sentiment: Shares have faced pressure after Anthropic and OpenAI leaders urged caution around rapidly scaling advanced AI models. That has raised concerns that hyperscalers could slow infrastructure spending, even though Broadcom’s CEO has reportedly maintained the company’s AI revenue targets. Broadcom Shares Fell as Slower AI Development Raised Demand Concerns

Wall Street Analysts Forecast Growth

AVGO has been the topic of several research reports. Susquehanna restated a "positive" rating and issued a $490.00 target price (up from $450.00) on shares of Broadcom in a report on Thursday, May 28th. Lake Street Capital upgraded shares of Broadcom to a "buy" rating in a research note on Thursday, September 3rd. Morgan Stanley reissued an "overweight" rating and set a $505.00 price target (up from $502.00) on shares of Broadcom in a report on Thursday, September 3rd. Benchmark lifted their price objective on Broadcom from $485.00 to $545.00 and gave the stock a "buy" rating in a report on Thursday, June 4th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $515.00 price objective (up from $430.00) on shares of Broadcom in a report on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $509.04.

Insider Transactions at Broadcom

In other Broadcom news, insider Mark Brazeal sold 25,000 shares of the business's stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $401.33, for a total transaction of $10,033,250.00. Following the completion of the sale, the insider owned 194,989 shares of the company's stock, valued at approximately $78,254,935.37. The trade was a 11.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gayla J. Delly sold 1,890 shares of the firm's stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $385.38, for a total value of $728,368.20. Following the completion of the transaction, the director directly owned 31,326 shares in the company, valued at $12,072,413.88. This trade represents a 5.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 53,492 shares of company stock worth $20,840,292 in the last three months. Corporate insiders own 1.90% of the company's stock.

Broadcom Stock Performance

Shares of NASDAQ AVGO opened at $347.30 on Friday. The firm has a 50 day moving average of $379.76 and a 200 day moving average of $379.16. The company has a current ratio of 2.50, a quick ratio of 2.29 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $1.66 trillion, a price-to-earnings ratio of 44.36 and a beta of 1.44. Broadcom Inc. has a 12-month low of $289.96 and a 12-month high of $495.00.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, beating analysts' consensus estimates of $3.22 by $0.10. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The business had revenue of $29.59 billion during the quarter, compared to analysts' expectations of $29.24 billion. During the same period in the prior year, the company earned $1.69 earnings per share. The firm's revenue was up 85.5% on a year-over-year basis. On average, research analysts anticipate that Broadcom Inc. will post 10.36 earnings per share for the current year.

Broadcom Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, September 21st. Broadcom's dividend payout ratio is 33.21%.

Broadcom Company Profile

Broadcom Inc NASDAQ: AVGO designs, develops and supplies semiconductor and infrastructure software products for businesses, telecommunications providers and other organizations worldwide. Its semiconductor portfolio includes networking and connectivity components, custom application-specific integrated circuits, broadband and wireless communications products, storage adapters, optical components, and industrial solutions.

The company also provides enterprise infrastructure software through businesses including VMware, which offers virtualization and private- and hybrid-cloud solutions; mainframe and enterprise software; and cybersecurity products.

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