8,687 Shares in Broadcom Inc. $AVGO Purchased by Sender Co & Partners Inc.

Sender Co & Partners Inc. bought a new position in shares of Broadcom Inc. (NASDAQ:AVGO) during the 1st quarter, Holdings Channel.com reports. The firm bought 8,687 shares of the semiconductor manufacturer’s stock, valued at approximately $1,454,000.

Several other large investors have also recently added to or reduced their stakes in AVGO. Nuveen LLC purchased a new position in Broadcom during the first quarter worth about $6,649,117,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Broadcom by 37.8% in 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 purchasing an additional 17,985,046 shares during the period. GAMMA Investing LLC raised its holdings in shares of Broadcom by 18,179.3% in the 1st quarter. GAMMA Investing LLC now owns 17,276,164 shares of the semiconductor manufacturer’s stock worth $2,892,548,000 after purchasing an additional 17,181,652 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Broadcom by 16.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 31,854,414 shares of the semiconductor manufacturer’s stock worth $5,333,384,000 after purchasing an additional 4,550,647 shares during the period. Finally, Deutsche Bank AG raised its holdings in shares of Broadcom by 36.9% in the 1st quarter. Deutsche Bank AG now owns 15,758,895 shares of the semiconductor manufacturer’s stock worth $2,638,512,000 after purchasing an additional 4,245,345 shares during the period. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Broadcom Price Performance

Shares of NASDAQ AVGO opened at $334.89 on Friday. Broadcom Inc. has a fifty-two week low of $134.90 and a fifty-two week high of $356.34. The business has a 50 day moving average price of $292.09 and a two-hundred day moving average price of $237.31. The company has a quick ratio of 0.98, a current ratio of 1.08 and a debt-to-equity ratio of 0.89. The firm has a market cap of $1.58 trillion, a PE ratio of 85.43, a price-to-earnings-growth ratio of 2.38 and a beta of 1.16.

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, beating analysts’ consensus estimates of $1.66 by $0.03. Broadcom had a return on equity of 37.17% and a net margin of 31.59%.The firm had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.82 billion. During the same quarter last year, the firm earned $1.24 EPS. Broadcom’s quarterly revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. Sell-side analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AVGO shares. Truist Financial raised their price objective on Broadcom from $295.00 to $365.00 and gave the stock a “buy” rating in a report on Friday. HSBC upgraded Broadcom from a “hold” rating to a “buy” rating and set a $400.00 price objective on the stock in a report on Tuesday, June 24th. Oppenheimer reiterated an “outperform” rating and set a $360.00 target price (up from $325.00) on shares of Broadcom in a report on Friday. KeyCorp raised their target price on Broadcom from $330.00 to $400.00 and gave the company an “overweight” rating in a report on Friday. Finally, Barclays raised their target price on Broadcom from $265.00 to $400.00 and gave the company an “overweight” rating in a report on Friday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $351.00.

Insider Buying and Selling at Broadcom

In related news, Director Gayla J. Delly sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $265.13, for a total transaction of $795,390.00. Following the sale, the director directly owned 33,352 shares of the company’s stock, valued at approximately $8,842,615.76. This represents a 8.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kirsten M. Spears sold 36,350 shares of the company’s stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $261.27, for a total value of $9,497,164.50. Following the sale, the chief financial officer directly owned 325,587 shares in the company, valued at approximately $85,066,115.49. This represents a 10.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 830,516 shares of company stock worth $217,286,457. 2.00% of the stock is 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.