Bailard Inc. Increases Stake in Broadcom Inc. $AVGO

Bailard Inc. lifted its position in Broadcom Inc. (NASDAQ:AVGO) by 70.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 112,044 shares of the semiconductor manufacturer’s stock after acquiring an additional 46,326 shares during the quarter. Bailard Inc.’s holdings in Broadcom were worth $30,885,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position 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 last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Broadcom by 10.4% during 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. Jackson Creek Investment Advisors LLC bought a new stake in Broadcom during the 1st quarter valued at about $262,000. Formidable Asset Management LLC boosted its position in Broadcom by 6.3% in the 1st quarter. Formidable Asset Management LLC now owns 19,463 shares of the semiconductor manufacturer’s stock valued at $3,259,000 after buying an additional 1,159 shares during the period. Finally, Resurgent Financial Advisors LLC boosted its position in Broadcom by 3.7% in the 1st quarter. Resurgent Financial Advisors LLC now owns 5,170 shares of the semiconductor manufacturer’s stock valued at $866,000 after buying an additional 185 shares during the period. 76.43% of the stock is currently owned by institutional investors.

Broadcom Stock Performance

AVGO stock opened at $342.46 on Friday. Broadcom Inc. has a one year low of $138.10 and a one year high of $386.48. The firm has a market cap of $1.62 trillion, a price-to-earnings ratio of 87.36, a PEG ratio of 1.38 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 firm has a 50-day simple moving average of $349.09 and a two-hundred day simple moving average of $295.48.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data 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 net margin of 31.59% and a return on equity of 36.60%. The firm had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.82 billion. During the same quarter in the previous year, the business posted $1.24 EPS. Broadcom’s revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. On average, equities analysts forecast that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, September 22nd. Broadcom’s payout ratio is 60.20%.

Insider Activity

In other news, insider Charlie B. Kawwas sold 3,893 shares of the company’s stock in a transaction dated 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 transaction, the insider owned 25,295 shares in the company, valued at $8,798,106.90. This represents a 13.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Kirsten M. Spears sold 7,498 shares of the stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $347.66, for a total transaction of $2,606,754.68. Following the completion of the transaction, the chief financial officer directly owned 313,330 shares of the company’s stock, valued at $108,932,307.80. The trade was a 2.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders bought 3,550 shares of company stock worth $1,227,869 and sold 664,471 shares worth $225,218,280. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

AVGO has been the subject of several research analyst reports. Macquarie initiated coverage on shares of Broadcom in a research note on Monday, September 15th. They set an “outperform” rating and a $420.00 price target for the company. Piper Sandler upped their target price on Broadcom from $315.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. JPMorgan Chase & Co. raised their price target on Broadcom from $325.00 to $400.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. Wells Fargo & Company lifted their price objective on Broadcom from $255.00 to $345.00 and gave the company an “equal weight” rating in a report on Friday, September 5th. Finally, Evercore ISI increased their target price on shares of Broadcom from $342.00 to $403.00 and gave the stock an “outperform” rating in a report on Wednesday, October 15th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $372.52.

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.