Broadcom Inc. $AVGO is Zweig DiMenna Associates LLC’s 2nd Largest Position

Zweig DiMenna Associates LLC reduced its stake in Broadcom Inc. (NASDAQ:AVGO) by 2.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 205,430 shares of the semiconductor manufacturer’s stock after selling 4,630 shares during the period. Broadcom accounts for 5.4% of Zweig DiMenna Associates LLC’s holdings, making the stock its 2nd biggest holding. Zweig DiMenna Associates LLC’s holdings in Broadcom were worth $56,627,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cheviot Value Management LLC bought a new position in shares of Broadcom during the 1st quarter worth approximately $25,000. Sawyer & Company Inc increased its position in Broadcom by 62.1% during the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 36 shares in the last quarter. Legend Financial Advisors Inc. purchased a new stake in Broadcom in the second quarter valued at about $28,000. LGT Financial Advisors LLC acquired a new stake in Broadcom in the second quarter worth about $31,000. Finally, Greenline Partners LLC purchased a new stake in shares of Broadcom during the first quarter worth about $33,000. 76.43% of the stock is currently owned by institutional investors.

Broadcom Stock Performance

NASDAQ:AVGO opened at $355.59 on Friday. The stock has a market capitalization of $1.68 trillion, a P/E ratio of 90.71, a PEG ratio of 1.45 and a beta of 1.19. 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 company has a 50 day moving average price of $343.86 and a 200 day moving average price of $287.73. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $386.48.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.03. The company had revenue of $15.95 billion for 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%.Broadcom’s revenue was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Equities research analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

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

Insider Buying and Selling at Broadcom

In other news, insider Charlie B. Kawwas sold 3,893 shares of the stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total value of $1,354,063.26. Following the transaction, the insider owned 25,295 shares in the company, valued at approximately $8,798,106.90. This represents a 13.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Hock E. Tan sold 100,000 shares of Broadcom stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $339.58, for a total transaction of $33,958,000.00. Following the sale, the chief executive officer owned 725,638 shares in the company, valued at $246,412,152.04. This represents a 12.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders bought 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,464,248. Company insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AVGO shares. KeyCorp set a $460.00 price objective on shares of Broadcom in a report on Monday, October 13th. Mizuho set a $435.00 price target on shares of Broadcom and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Wells Fargo & Company increased their price objective on shares of Broadcom from $255.00 to $345.00 and gave the stock an “equal weight” rating in a research note on Friday, September 5th. Argus boosted their price objective on Broadcom from $285.00 to $375.00 and gave the company a “buy” rating in a report on Monday, September 8th. Finally, Citigroup reiterated a “buy” rating and set a $415.00 price target (up from $350.00) on shares of Broadcom in a research report on Tuesday, October 14th. Three research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Broadcom presently has an average rating of “Buy” and a consensus target price 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.