Broadcom Inc. $AVGO Stock Position Increased by APG Asset Management N.V.

APG Asset Management N.V. boosted its holdings in Broadcom Inc. (NASDAQ:AVGO) by 4.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,555,075 shares of the semiconductor manufacturer’s stock after acquiring an additional 175,727 shares during the quarter. Broadcom accounts for approximately 2.2% of APG Asset Management N.V.’s holdings, making the stock its 5th largest position. APG Asset Management N.V. owned approximately 0.10% of Broadcom worth $706,032,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sunbeam Capital Management LLC purchased a new stake in shares of Broadcom in the 4th quarter worth $28,000. Vermillion Wealth Management Inc. purchased a new position in shares of Broadcom during the fourth quarter valued at about $30,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Broadcom during the first quarter valued at about $25,000. Cheviot Value Management LLC bought a new position in shares of Broadcom in the 1st quarter valued at about $25,000. Finally, Inlight Wealth Management LLC bought a new position in shares of Broadcom in the 1st quarter valued at about $26,000. 76.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. KeyCorp increased their price target on shares of Broadcom from $315.00 to $330.00 and gave the company an “overweight” rating in a report on Tuesday, July 8th. Mizuho increased their price target on shares of Broadcom from $315.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, July 16th. Morgan Stanley set a $338.00 price target on shares of Broadcom and gave the company an “overweight” rating in a report on Wednesday, July 30th. Redburn Atlantic initiated coverage on shares of Broadcom in a report on Wednesday, May 28th. They issued a “buy” rating and a $301.00 price target for the company. Finally, Cowen reissued a “buy” rating on shares of Broadcom in a research note on Friday, June 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Broadcom presently has a consensus rating of “Buy” and a consensus target price of $298.67.

Broadcom Stock Performance

Broadcom stock opened at $294.00 on Friday. The company has a 50 day moving average price of $282.85 and a 200-day moving average price of $232.33. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.98 and a current ratio of 1.08. Broadcom Inc. has a fifty-two week low of $134.90 and a fifty-two week high of $317.35. The company has a market capitalization of $1.38 trillion, a PE ratio of 110.11, a P/E/G ratio of 2.06 and a beta of 1.15.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings results on Thursday, June 5th. The semiconductor manufacturer reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.01. The firm had revenue of $15 billion during the quarter, compared to the consensus estimate of $14.98 billion. Broadcom had a net margin of 22.64% and a return on equity of 35.49%. The company’s revenue was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $10.96 earnings per share. Broadcom has set its Q3 2025 guidance at EPS. As a group, equities analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 20th were paid a $0.59 dividend. The ex-dividend date of this dividend was Friday, June 20th. This represents a $2.36 dividend on an annualized basis and a yield of 0.8%. Broadcom’s payout ratio is 88.39%.

Insider Buying and Selling

In related news, insider Charlie B. Kawwas sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $252.88, for a total value of $2,528,800.00. Following the completion of the transaction, the insider owned 789,784 shares of the company’s stock, valued at $199,720,577.92. The trade was a 1.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Henry Samueli sold 473,898 shares of the business’s stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $265.33, for a total transaction of $125,739,356.34. Following the completion of the transaction, the director directly owned 38,188,575 shares of the company’s stock, valued at $10,132,574,604.75. This trade represents a 1.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 830,516 shares of company stock valued at $217,286,457 over the last ninety days. Company insiders own 2.00% of the company’s stock.

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.