Silphium Asset Management Ltd Grows Position in Broadcom Inc. $AVGO

Silphium Asset Management Ltd lifted its position in Broadcom Inc. (NASDAQ:AVGO) by 2.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,605 shares of the semiconductor manufacturer’s stock after acquiring an additional 403 shares during the quarter. Broadcom makes up approximately 1.7% of Silphium Asset Management Ltd’s portfolio, making the stock its 19th largest position. Silphium Asset Management Ltd’s holdings in Broadcom were worth $4,853,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sawyer & Company Inc increased its position in shares of Broadcom by 62.1% during the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 36 shares during the last quarter. Longfellow Investment Management Co. LLC purchased a new position in shares of Broadcom in the 2nd quarter worth about $27,000. Legend Financial Advisors Inc. bought a new position in Broadcom during the second quarter valued at about $28,000. LGT Financial Advisors LLC purchased a new stake in Broadcom during the second quarter worth about $31,000. Finally, New England Capital Financial Advisors LLC bought a new stake in Broadcom in the second quarter worth about $31,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AVGO. Oppenheimer reissued an “outperform” rating and set a $360.00 target price (up from $325.00) on shares of Broadcom in a research report on Friday, September 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Broadcom in a research note on Wednesday, November 19th. Macquarie assumed coverage on Broadcom in a research report on Monday, September 15th. They issued an “outperform” rating and a $420.00 target price for the company. Evercore ISI boosted their target price on Broadcom from $342.00 to $403.00 and gave the company an “outperform” rating in a research note on Wednesday, October 15th. Finally, Morgan Stanley set a $409.00 price objective on Broadcom and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Three analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $377.61.

Broadcom Price Performance

Broadcom stock opened at $385.03 on Wednesday. The stock has a market cap of $1.82 trillion, a price-to-earnings ratio of 98.22, a PEG ratio of 1.29 and a beta of 1.19. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. The business has a 50-day simple moving average of $348.93 and a 200 day simple moving average of $303.70. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $388.13.

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

Broadcom Dividend Announcement

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

Insider Transactions at Broadcom

In other Broadcom news, CFO Kirsten M. Spears sold 7,498 shares of Broadcom stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total transaction of $2,606,754.68. Following the completion of the sale, the chief financial officer owned 313,330 shares of the company’s stock, valued at $108,932,307.80. The trade was a 2.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mark David Brazeal sold 16,558 shares of the stock in a transaction dated Wednesday, September 17th. The shares were 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. Over the last ninety days, insiders have purchased 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,483,192. 2.00% of the stock is currently owned by corporate 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.