Artisan Partners Limited Partnership Makes New $88.95 Million Investment in Broadcom Inc. $AVGO

Artisan Partners Limited Partnership bought a new stake in shares of Broadcom Inc. (NASDAQ:AVGO) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 322,685 shares of the semiconductor manufacturer’s stock, valued at approximately $88,948,000.

A number of other large investors also recently made changes to their positions in AVGO. Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Broadcom by 0.7% during the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 200,416 shares of the semiconductor manufacturer’s stock worth $55,245,000 after purchasing an additional 1,477 shares during the period. Empirical Finance LLC lifted its stake in Broadcom by 3.6% in the second quarter. Empirical Finance LLC now owns 148,179 shares of the semiconductor manufacturer’s stock valued at $40,846,000 after buying an additional 5,109 shares during the period. EMC Capital Management bought a new position in Broadcom during the second quarter worth about $551,000. Dorsey Wright & Associates boosted its holdings in Broadcom by 5.4% during the second quarter. Dorsey Wright & Associates now owns 28,742 shares of the semiconductor manufacturer’s stock worth $7,923,000 after buying an additional 1,484 shares during the last quarter. Finally, Octahedron Capital Management L.P. acquired a new position in shares of Broadcom during the 2nd quarter worth about $703,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Broadcom Trading Down 2.1%

AVGO opened at $346.82 on Friday. The stock has a market capitalization of $1.64 trillion, a P/E ratio of 88.47, a P/E/G ratio of 1.21 and a beta of 1.19. 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 Inc. has a 12 month low of $138.10 and a 12 month high of $386.48. The firm’s fifty day simple moving average is $348.54 and its 200 day simple moving average is $298.92.

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

Broadcom Announces Dividend

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

Insider Transactions at Broadcom

In other news, insider Mark David Brazeal sold 16,558 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the completion of the transaction, the insider directly owned 329,302 shares of the company’s stock, valued at $114,468,668.22. This trade represents a 4.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Charlie B. Kawwas sold 3,893 shares of Broadcom stock in a transaction that occurred on 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 completion of the sale, the insider owned 25,295 shares in the company, valued at $8,798,106.90. This trade represents a 13.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have purchased 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,483,192. 2.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AVGO has been the topic of a number of analyst reports. KeyCorp set a $460.00 price target on shares of Broadcom in a research report on Monday, October 13th. Citigroup reaffirmed a “buy” rating and issued a $415.00 target price (up previously from $350.00) on shares of Broadcom in a research note on Tuesday, October 14th. Raymond James Financial set a $420.00 target price on shares of Broadcom in a report on Thursday. Oppenheimer reissued an “outperform” rating and set a $360.00 price target (up from $325.00) on shares of Broadcom in a research report on Friday, September 5th. Finally, Truist Financial upped their price objective on shares of Broadcom from $295.00 to $365.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $374.21.

About Broadcom

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.