Broadcom Inc. $AVGO is DDD Partners LLC’s 6th Largest Position

DDD Partners LLC lifted its holdings in Broadcom Inc. (NASDAQ:AVGO) by 16.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 108,707 shares of the semiconductor manufacturer’s stock after purchasing an additional 15,232 shares during the quarter. Broadcom accounts for approximately 3.2% of DDD Partners LLC’s investment portfolio, making the stock its 6th largest position. DDD Partners LLC’s holdings in Broadcom were worth $29,965,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Moment Partners LLC purchased a new position in shares of Broadcom in the second quarter valued at $205,000. AlphaQuest LLC grew its holdings in shares of Broadcom by 18.8% in the second quarter. AlphaQuest LLC now owns 836 shares of the semiconductor manufacturer’s stock valued at $230,000 after purchasing an additional 132 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Broadcom by 2.2% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 11,945,434 shares of the semiconductor manufacturer’s stock valued at $3,292,759,000 after purchasing an additional 257,667 shares in the last quarter. MN Wealth Advisors LLC grew its holdings in shares of Broadcom by 3.0% in the second quarter. MN Wealth Advisors LLC now owns 6,554 shares of the semiconductor manufacturer’s stock valued at $1,807,000 after purchasing an additional 189 shares in the last quarter. Finally, West Michigan Advisors LLC grew its holdings in shares of Broadcom by 1.6% in the second quarter. West Michigan Advisors LLC now owns 22,327 shares of the semiconductor manufacturer’s stock valued at $6,154,000 after purchasing an additional 357 shares in the last quarter. 76.43% of the stock is owned by hedge funds and other institutional investors.

Broadcom Stock Up 3.5%

NASDAQ:AVGO opened at $385.98 on Thursday. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $386.48. The company has a market cap of $1.82 trillion, a price-to-earnings ratio of 98.46, a price-to-earnings-growth ratio of 2.10 and a beta of 1.20. The stock has a fifty day simple moving average of $336.06 and a 200-day simple moving average of $280.64. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86.

Broadcom (NASDAQ:AVGO) last released its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share 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 during the quarter, compared to the consensus estimate of $15.82 billion. During the same period last year, the company earned $1.24 earnings per share. The business’s revenue for the quarter was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. Analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Monday, September 22nd. Broadcom’s dividend payout ratio (DPR) is 60.20%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on AVGO shares. Macquarie started coverage on Broadcom in a research report on Monday, September 15th. They issued an “outperform” rating and a $420.00 price target for the company. Piper Sandler raised their price target on Broadcom from $315.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. Deutsche Bank Aktiengesellschaft set a $400.00 price target on Broadcom and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Benchmark raised their price target on Broadcom from $315.00 to $385.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Finally, Bank of America raised their price target on Broadcom from $300.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Three analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Broadcom presently has a consensus rating of “Buy” and a consensus price target of $372.52.

Insider Buying and Selling at Broadcom

In other news, insider Charlie B. Kawwas sold 3,893 shares of Broadcom stock in a transaction on Wednesday, September 17th. The stock was 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 directly owned 25,295 shares in the company, valued at approximately $8,798,106.90. This trade represents a 13.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark David Brazeal sold 16,558 shares of Broadcom stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total value of $5,755,726.38. Following the sale, the insider owned 329,302 shares of the company’s stock, valued at approximately $114,468,668.22. This trade represents a 4.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders purchased 3,550 shares of company stock valued at $1,227,869 and sold 665,271 shares valued at $225,464,248. 2.00% of the stock is 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.