Broadcom Inc. $AVGO Shares Purchased by Analyst IMS Investment Management Services Ltd.

Analyst IMS Investment Management Services Ltd. increased its stake in Broadcom Inc. (NASDAQ:AVGO) by 1.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,211 shares of the semiconductor manufacturer’s stock after purchasing an additional 772 shares during the period. Broadcom accounts for about 0.4% of Analyst IMS Investment Management Services Ltd.’s portfolio, making the stock its 26th largest position. Analyst IMS Investment Management Services Ltd.’s holdings in Broadcom were worth $11,636,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of AVGO. Nuveen LLC acquired a new position in shares of Broadcom in the 1st quarter valued at $6,649,117,000. Price T Rowe Associates Inc. MD lifted its position in Broadcom by 37.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer’s stock worth $10,968,270,000 after acquiring an additional 17,985,046 shares during the period. Goldman Sachs Group Inc. grew its stake in Broadcom by 16.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 31,854,414 shares of the semiconductor manufacturer’s stock valued at $5,333,384,000 after purchasing an additional 4,550,647 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Broadcom by 36.9% in the first quarter. Deutsche Bank AG now owns 15,758,895 shares of the semiconductor manufacturer’s stock valued at $2,638,512,000 after purchasing an additional 4,245,345 shares during the period. Finally, Alliancebernstein L.P. raised its stake in shares of Broadcom by 16.0% in the first quarter. Alliancebernstein L.P. now owns 29,513,814 shares of the semiconductor manufacturer’s stock worth $4,941,498,000 after purchasing an additional 4,077,910 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

Insider Buying and Selling

In other news, Director Henry Samueli sold 368,797 shares of the business’s stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total value of $124,620,194.27. Following the completion of the sale, the director directly owned 37,722,534 shares in the company, valued at $12,746,821,463.94. The trade was a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Justine Page sold 800 shares of the company’s stock in a transaction that occurred on Tuesday, October 14th. The stock was sold at an average price of $350.15, for a total value of $280,120.00. Following the transaction, the director directly owned 22,182 shares of the company’s stock, valued at approximately $7,767,027.30. The trade was a 3.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders acquired 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 currently owned by company insiders.

Wall Street Analyst Weigh In

AVGO has been the topic of a number of recent research reports. TD Cowen upped their target price on Broadcom from $355.00 to $370.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Wall Street Zen downgraded shares of Broadcom from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. UBS Group set a $415.00 target price on shares of Broadcom and gave the stock a “buy” rating in a report on Tuesday, October 14th. Citigroup reaffirmed a “buy” rating and issued a $415.00 price target (up from $350.00) on shares of Broadcom in a report on Tuesday, October 14th. Finally, Piper Sandler increased 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. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Broadcom presently has an average rating of “Buy” and an average price target of $372.52.

Broadcom Stock Performance

Shares of NASDAQ AVGO opened at $362.55 on Tuesday. The company has a market capitalization of $1.71 trillion, a PE ratio of 92.49, a price-to-earnings-growth ratio of 2.08 and a beta of 1.19. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. The company’s fifty day moving average price is $340.67 and its 200 day moving average price is $285.47. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $386.48.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $15.82 billion. During the same quarter in the prior year, the firm posted $1.24 earnings per share. The company’s revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. On average, research analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were given 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 yield of 0.7%. Broadcom’s dividend payout ratio is currently 60.20%.

Broadcom 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.