Woodline Partners LP Raises Stake in Broadcom Inc. $AVGO

Key Points

• Woodline Partners LP increased its stake in Broadcom Inc. by 82.2% to hold 457,817 shares worth approximately $76.7 million after purchasing an additional 206,585 shares during the first quarter.
• Broadcom reported a 22% increase in revenue year-over-year, with a net income margin of 31.59% and $1.69 EPS for the last quarter, surpassing analyst expectations.
• The company announced a quarterly dividend of $0.59 per share, with a yield of 0.7%, set to be paid on September 30th to shareholders recorded by September 22nd.

Woodline Partners LP lifted its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 82.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 457,817 shares of the semiconductor manufacturer's stock after purchasing an additional 206,585 shares during the period. Woodline Partners LP's holdings in Broadcom were worth $76,652,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of Broadcom by 21.8% during the fourth quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer's stock worth $6,882,000 after acquiring an additional 5,322 shares during the period. Revolve Wealth Partners LLC boosted its holdings in shares of Broadcom by 10.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer's stock valued at $1,854,000 after purchasing an additional 756 shares during the period. Bank Pictet & Cie Europe AG grew its stake in Broadcom by 16.4% in the fourth 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 in the last quarter. Humankind Investments LLC purchased a new position in Broadcom during the 4th quarter worth $256,000. Finally, Lighthouse Investment Partners LLC increased its holdings in Broadcom by 88.2% during the 4th quarter. Lighthouse Investment Partners LLC now owns 7,529 shares of the semiconductor manufacturer's stock worth $1,746,000 after purchasing an additional 3,529 shares during the period. Hedge funds and other institutional investors own 76.43% of the company's stock.

Broadcom Price Performance

AVGO opened at $345.65 on Tuesday. The firm has a market capitalization of $1.63 trillion, a PE ratio of 88.18, a price-to-earnings-growth ratio of 2.38 and a beta of 1.16. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. The business's 50-day moving average is $293.49 and its two-hundred day moving average is $238.27. Broadcom Inc. has a 1 year low of $134.90 and a 1 year high of $356.34.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, beating analysts' consensus estimates of $1.66 by $0.03. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The business had revenue of $15.95 billion for the quarter, compared to analysts' expectations of $15.82 billion. During the same period last year, the business earned $1.24 EPS. The company's revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. Research analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on Broadcom from $325.00 to $400.00 and gave the stock an "overweight" rating in a report on Friday. Sanford C. Bernstein lifted their price objective on Broadcom from $295.00 to $400.00 and gave the company an "outperform" rating in a report on Friday. Truist Financial upped their price objective on shares of Broadcom from $295.00 to $365.00 and gave the stock a "buy" rating in a research note on Friday. Evercore ISI reiterated an "outperform" rating and set a $342.00 target price (up from $304.00) on shares of Broadcom in a report on Thursday. Finally, Oppenheimer reissued an "outperform" rating and set a $360.00 target price (up previously from $325.00) on shares of Broadcom in a research report on Friday. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Broadcom currently has a consensus rating of "Buy" and a consensus price target of $351.92.

Insiders Place Their Bets

In other news, insider Charlie B. Kawwas sold 10,000 shares of the firm's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $252.88, for a total value of $2,528,800.00. Following the completion of the sale, the insider owned 789,784 shares of the company's stock, valued at $199,720,577.92. This trade represents a 1.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kirsten M. Spears sold 56,310 shares of the company's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $251.75, for a total value of $14,176,042.50. Following the transaction, the chief financial officer directly owned 361,937 shares in the company, valued at $91,117,639.75. This represents a 13.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 830,516 shares of company stock valued at $217,286,457. 2.00% of the stock is currently owned by company insiders.

Broadcom Company 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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