Broadcom Inc. $AVGO Position Increased by American Century Companies Inc.

American Century Companies Inc. boosted its stake in Broadcom Inc. (NASDAQ:AVGO) by 5.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,278,738 shares of the semiconductor manufacturer’s stock after purchasing an additional 427,821 shares during the quarter. Broadcom comprises approximately 1.2% of American Century Companies Inc.’s portfolio, making the stock its 8th biggest holding. American Century Companies Inc. owned approximately 0.18% of Broadcom worth $2,282,034,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Cheviot Value Management LLC bought a new position in Broadcom during the 1st quarter worth approximately $25,000. Sawyer & Company Inc grew its holdings in shares of Broadcom by 62.1% in the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 36 shares during the last quarter. Legend Financial Advisors Inc. bought a new stake in Broadcom in the 2nd quarter worth $28,000. LGT Financial Advisors LLC purchased a new position in Broadcom during the 2nd quarter valued at about $31,000. Finally, New England Capital Financial Advisors LLC bought a new position in Broadcom during the 2nd quarter valued at approximately $31,000. Institutional investors own 76.43% of the company’s stock.

Broadcom Price Performance

NASDAQ AVGO opened at $340.20 on Friday. The stock has a market capitalization of $1.61 trillion, a price-to-earnings ratio of 86.79, a PEG ratio of 1.16 and a beta of 1.19. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $386.48. The business’s fifty day moving average price is $348.15 and its 200-day moving average price is $300.59.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating 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 prior year, the firm earned $1.24 EPS. 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. On average, equities analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

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 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 (DPR) is presently 60.20%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AVGO. 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 note on Friday, September 5th. Truist Financial increased their price objective on Broadcom from $295.00 to $365.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Macquarie started coverage on Broadcom in a research report on Monday, September 15th. They set an “outperform” rating and a $420.00 price objective for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Broadcom in a research note on Wednesday. Finally, Benchmark boosted 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. Three investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $374.21.

Insider Activity at Broadcom

In other Broadcom news, Director Justine Page sold 800 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $331.14, for a total value of $264,912.00. Following the completion of the transaction, the director directly owned 21,382 shares in the company, valued at $7,080,435.48. This represents a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mark David Brazeal sold 16,558 shares of the firm’s stock in a transaction 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 transaction, the insider directly owned 329,302 shares of the company’s stock, valued at $114,468,668.22. The trade was a 4.79% 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 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.

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.