Rathbones Group PLC Has $26.99 Million Stake in Broadcom Inc. $AVGO

Rathbones Group PLC increased its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 116.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 97,900 shares of the semiconductor manufacturer’s stock after acquiring an additional 52,646 shares during the quarter. Rathbones Group PLC’s holdings in Broadcom were worth $26,986,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of AVGO. Nuveen LLC bought a new stake in shares of Broadcom during the first quarter worth $6,649,117,000. Price T Rowe Associates Inc. MD boosted its holdings in Broadcom by 37.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer’s stock valued at $10,968,270,000 after acquiring an additional 17,985,046 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Broadcom by 16.7% in the first 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. Deutsche Bank AG increased its position in Broadcom by 36.9% in the first 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. Finally, Alliancebernstein L.P. raised its holdings in Broadcom by 16.0% during the 1st quarter. Alliancebernstein L.P. now owns 29,513,814 shares of the semiconductor manufacturer’s stock worth $4,941,498,000 after purchasing an additional 4,077,910 shares during the last quarter. Institutional investors own 76.43% of the company’s stock.

Broadcom Stock Up 0.9%

Shares of NASDAQ AVGO opened at $355.22 on Thursday. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $386.48. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. The stock has a market cap of $1.68 trillion, a P/E ratio of 90.62, a P/E/G ratio of 1.42 and a beta of 1.19. The firm has a 50 day moving average price of $348.26 and a 200 day moving average price of $293.39.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.03. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The company had revenue of $15.95 billion for the quarter, compared to analysts’ expectations of $15.82 billion. During the same period last year, the firm posted $1.24 earnings per share. The business’s quarterly revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. Analysts expect that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

The firm 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. The ex-dividend date was Monday, September 22nd. This represents a $2.36 annualized dividend and a yield of 0.7%. Broadcom’s payout ratio is currently 60.20%.

Insider Transactions at Broadcom

In other news, CEO Hock E. Tan sold 148,154 shares of Broadcom stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $336.67, for a total transaction of $49,879,007.18. Following the transaction, the chief executive officer owned 825,998 shares in the company, valued at $278,088,746.66. The trade was a 15.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Henry Samueli sold 368,797 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the director owned 37,722,534 shares of the company’s stock, valued at $12,746,821,463.94. This represents a 0.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders acquired 3,550 shares of company stock valued at $1,227,869 and sold 664,471 shares valued at $225,218,280. Insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AVGO. JPMorgan Chase & Co. raised their target price on shares of Broadcom from $325.00 to $400.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. Truist Financial increased their price objective on shares of Broadcom from $295.00 to $365.00 and gave the company a “buy” rating in a report on Friday, September 5th. Sanford C. Bernstein raised their price objective on shares of Broadcom from $295.00 to $400.00 and gave the company an “outperform” rating in a research note on Friday, September 5th. Citigroup reaffirmed a “buy” rating and set a $415.00 target price (up previously from $350.00) on shares of Broadcom in a report on Tuesday, October 14th. Finally, Arete Research raised Broadcom to a “strong-buy” rating in a research note on Monday, July 28th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Broadcom has a consensus rating of “Buy” and a consensus price target of $372.52.

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.