BIP Alliance LLC Raises Stock Holdings in Broadcom Inc. $AVGO

BIP Alliance LLC raised its stake in Broadcom Inc. (NASDAQ:AVGO) by 5.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,219 shares of the semiconductor manufacturer’s stock after buying an additional 118 shares during the period. Broadcom makes up about 0.2% of BIP Alliance LLC’s investment portfolio, making the stock its 26th biggest position. BIP Alliance LLC’s holdings in Broadcom were worth $612,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. PARUS FINANCE UK Ltd lifted its position in Broadcom by 175.3% during the first quarter. PARUS FINANCE UK Ltd now owns 100,578 shares of the semiconductor manufacturer’s stock valued at $16,840,000 after acquiring an additional 64,038 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in Broadcom by 27.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 64,130 shares of the semiconductor manufacturer’s stock worth $10,737,000 after acquiring an additional 13,978 shares during the last quarter. Ethic Inc. increased its stake in shares of Broadcom by 1.6% in the second quarter. Ethic Inc. now owns 329,339 shares of the semiconductor manufacturer’s stock worth $88,708,000 after acquiring an additional 5,249 shares during the period. Asio Capital LLC increased its stake in shares of Broadcom by 2.0% in the second quarter. Asio Capital LLC now owns 54,459 shares of the semiconductor manufacturer’s stock worth $15,012,000 after acquiring an additional 1,089 shares during the period. Finally, Jacobsen Capital Management increased its stake in shares of Broadcom by 11.1% in the second quarter. Jacobsen Capital Management now owns 9,248 shares of the semiconductor manufacturer’s stock worth $2,549,000 after acquiring an additional 926 shares during the period. 76.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Broadcom news, CEO Hock E. Tan sold 100,000 shares of the business’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $339.58, for a total value of $33,958,000.00. Following the completion of the transaction, the chief executive officer directly owned 725,638 shares in the company, valued at approximately $246,412,152.04. The trade was a 12.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mark David Brazeal sold 16,558 shares of the stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total value of $5,755,726.38. Following the transaction, the insider owned 329,302 shares in the company, valued at $114,468,668.22. This trade represents 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 quarter, insiders have acquired 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 $376.47 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $386.48. The business’s 50-day moving average price is $337.79 and its 200 day moving average price is $281.31. The firm has a market cap of $1.78 trillion, a P/E ratio of 96.04, a P/E/G ratio of 2.17 and a beta of 1.20.

Broadcom (NASDAQ:AVGO) last announced 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 36.60% and a net margin of 31.59%.The company had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. During the same quarter in the previous year, the company earned $1.24 EPS. The firm’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 research analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Monday, September 22nd. Broadcom’s dividend payout ratio is 60.20%.

Analysts Set New Price Targets

A number of research firms have recently commented on AVGO. UBS Group set a $415.00 target price on Broadcom and gave the company a “buy” rating in a research report on Tuesday, October 14th. Morgan Stanley set a $409.00 price target on Broadcom and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft set a $400.00 price target on Broadcom and gave the company a “buy” rating in a research report on Tuesday, October 14th. Oppenheimer reiterated an “outperform” rating and issued a $360.00 price objective (up from $325.00) on shares of Broadcom in a research report on Friday, September 5th. Finally, Wells Fargo & Company raised their price target on Broadcom from $255.00 to $345.00 and gave the stock an “equal weight” rating in a research report on Friday, September 5th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Broadcom has a consensus rating of “Buy” and a consensus target price of $372.52.

Broadcom 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.