Voleon Capital Management LP Sells 24,331 Shares of Broadcom Inc. $AVGO

Voleon Capital Management LP lowered its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 39.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,404 shares of the semiconductor manufacturer’s stock after selling 24,331 shares during the quarter. Voleon Capital Management LP’s holdings in Broadcom were worth $6,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of AVGO. Sunbeam Capital Management LLC purchased a new stake in Broadcom in the fourth quarter worth about $28,000. Vermillion Wealth Management Inc. purchased a new stake in Broadcom in the fourth quarter worth about $30,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in Broadcom in the first quarter worth about $25,000. Cheviot Value Management LLC purchased a new stake in Broadcom in the first quarter worth about $25,000. Finally, Inlight Wealth Management LLC purchased a new stake in Broadcom in the first quarter worth about $26,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on AVGO shares. KeyCorp upped their price objective on shares of Broadcom from $330.00 to $400.00 and gave the stock an “overweight” rating in a report on Friday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Broadcom from $300.00 to $350.00 and gave the stock a “buy” rating in a report on Friday. Benchmark upped their price objective on shares of Broadcom from $315.00 to $385.00 and gave the stock a “buy” rating in a report on Friday. JPMorgan Chase & Co. upped their price objective on shares of Broadcom from $325.00 to $400.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Cowen reiterated a “buy” rating on shares of Broadcom in a report on Friday, June 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $351.00.

Insider Activity at Broadcom

In related news, insider Mark David Brazeal sold 50,000 shares of the stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $253.28, for a total transaction of $12,664,000.00. Following the transaction, the insider owned 415,956 shares in the company, valued at $105,353,335.68. This represents a 10.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Charlie B. Kawwas sold 10,000 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $252.88, for a total transaction of $2,528,800.00. Following the completion of the transaction, the insider owned 789,784 shares in the company, valued at $199,720,577.92. The trade was a 1.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 830,516 shares of company stock valued at $217,286,457 over the last quarter. 2.00% of the stock is owned by company insiders.

Broadcom Stock Up 9.4%

Shares of Broadcom stock opened at $334.89 on Monday. The company has a market cap of $1.58 trillion, a price-to-earnings ratio of 85.43, a price-to-earnings-growth ratio of 2.38 and a beta of 1.16. The company’s 50 day moving average is $292.09 and its 200 day moving average is $237.38. Broadcom Inc. has a twelve month low of $134.90 and a twelve month high of $356.34. 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 (NASDAQ:AVGO) last issued 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 company had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The firm’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. Research analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 22nd will be given a dividend of $0.59 per share. The ex-dividend date is Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. Broadcom’s dividend payout ratio is 60.20%.

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.