Broadcom Inc. $AVGO is Hamlin Capital Management LLC’s Largest Position

Hamlin Capital Management LLC grew its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 0.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,016,067 shares of the semiconductor manufacturer’s stock after purchasing an additional 9,432 shares during the quarter. Broadcom comprises approximately 6.5% of Hamlin Capital Management LLC’s portfolio, making the stock its biggest position. Hamlin Capital Management LLC’s holdings in Broadcom were worth $280,079,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AVGO. Brighton Jones LLC lifted its holdings in shares of Broadcom by 21.8% during the 4th quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock valued at $6,882,000 after purchasing an additional 5,322 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Broadcom by 10.4% during the 4th 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 last quarter. GAMMA Investing LLC lifted its holdings in shares of Broadcom by 9.2% during the 1st quarter. GAMMA Investing LLC now owns 103,184 shares of the semiconductor manufacturer’s stock valued at $17,276,000 after purchasing an additional 8,672 shares during the last quarter. Riverbend Wealth Management LLC lifted its holdings in shares of Broadcom by 10.1% during the 1st quarter. Riverbend Wealth Management LLC now owns 11,105 shares of the semiconductor manufacturer’s stock valued at $1,859,000 after purchasing an additional 1,016 shares during the last quarter. Finally, Valicenti Advisory Services Inc. lifted its holdings in shares of Broadcom by 6.3% during the 1st quarter. Valicenti Advisory Services Inc. now owns 56,429 shares of the semiconductor manufacturer’s stock valued at $9,448,000 after purchasing an additional 3,364 shares during the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Insider Buying and Selling at Broadcom

In other Broadcom news, insider Mark David Brazeal sold 16,558 shares of Broadcom stock in a transaction dated Wednesday, September 17th. The stock was 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 owned 329,302 shares in the company, valued at approximately $114,468,668.22. This trade represents a 4.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Henry Samueli sold 368,797 shares of the firm’s stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $337.91, for a total value of $124,620,194.27. Following the sale, the director owned 37,722,534 shares in the company, valued at $12,746,821,463.94. This trade represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have bought 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,464,248. Corporate insiders own 2.00% of the company’s stock.

Broadcom Stock Performance

NASDAQ AVGO opened at $344.29 on Friday. The stock has a 50-day simple moving average of $330.52 and a two-hundred day simple moving average of $273.74. The firm has a market capitalization of $1.63 trillion, a P/E ratio of 87.83, a PEG ratio of 1.92 and a beta of 1.20. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $374.23. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50.

Broadcom (NASDAQ:AVGO) last released 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. The business had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The company’s revenue 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. On average, equities analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

The business also recently disclosed 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 dividend yield of 0.7%. Broadcom’s dividend payout ratio (DPR) is presently 60.20%.

Analysts Set New Price Targets

AVGO has been the subject of several analyst reports. Rosenblatt Securities increased their price objective on Broadcom from $340.00 to $400.00 and gave the company a “buy” rating in a report on Friday, September 5th. UBS Group set a $415.00 target price on Broadcom and gave the stock a “buy” rating in a research note on Tuesday, October 14th. Piper Sandler raised their target price on Broadcom from $315.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, September 5th. Mizuho set a $435.00 target price on Broadcom and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Wells Fargo & Company raised their target price on Broadcom from $255.00 to $345.00 and gave the stock an “equal weight” rating in a research note on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $372.52.

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.