Broadcom Inc. $AVGO is Mitchell Capital Management Co.’s 4th Largest Position

Mitchell Capital Management Co. decreased its stake in Broadcom Inc. (NASDAQ:AVGO) by 7.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 83,008 shares of the semiconductor manufacturer’s stock after selling 7,132 shares during the quarter. Broadcom makes up about 4.4% of Mitchell Capital Management Co.’s holdings, making the stock its 4th biggest position. Mitchell Capital Management Co.’s holdings in Broadcom were worth $23,519,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AVGO. Nuveen LLC purchased a new stake in Broadcom in the 1st quarter worth approximately $6,649,117,000. Price T Rowe Associates Inc. MD lifted its position in Broadcom by 37.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer’s stock worth $10,968,270,000 after buying an additional 17,985,046 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Broadcom by 16.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 31,854,414 shares of the semiconductor manufacturer’s stock valued at $5,333,384,000 after purchasing an additional 4,550,647 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Broadcom by 36.9% during the 1st quarter. Deutsche Bank AG now owns 15,758,895 shares of the semiconductor manufacturer’s stock valued at $2,638,512,000 after purchasing an additional 4,245,345 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Broadcom by 16.0% during the 1st quarter. Alliancebernstein L.P. now owns 29,513,814 shares of the semiconductor manufacturer’s stock valued at $4,941,498,000 after purchasing an additional 4,077,910 shares in the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom Stock Performance

NASDAQ:AVGO opened at $349.33 on Friday. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $374.23. The firm’s fifty day simple moving average is $327.73 and its 200 day simple moving average is $269.24. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $1.65 trillion, a PE ratio of 89.11, a PEG ratio of 1.97 and a beta of 1.20.

Broadcom (NASDAQ:AVGO) last posted its 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. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The business had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. During the same period last year, the business posted $1.24 EPS. Broadcom’s revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. On average, sell-side analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current 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 given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, September 22nd. Broadcom’s dividend payout ratio (DPR) is currently 60.20%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on AVGO shares. KeyCorp set a $460.00 price target on shares of Broadcom in a report on Monday, October 13th. Barclays set a $450.00 price target on shares of Broadcom and gave the company an “overweight” rating in a report on Tuesday. Wells Fargo & Company raised their price target on shares of Broadcom from $255.00 to $345.00 and gave the company an “equal weight” rating in a report on Friday, September 5th. Hsbc Global Res upgraded shares of Broadcom from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 24th. Finally, Macquarie started coverage on shares of Broadcom in a report on Monday, September 15th. They set an “outperform” rating and a $420.00 price target on the stock. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Broadcom presently has a consensus rating of “Buy” and a consensus price target of $372.33.

Insider Buying and Selling

In other Broadcom news, Director Henry Samueli sold 368,797 shares of the firm’s stock in a transaction 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 sale, the director directly owned 37,722,534 shares in the company, valued at $12,746,821,463.94. This trade represents a 0.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Charlie B. Kawwas sold 3,893 shares of the firm’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the completion of the sale, the insider owned 25,295 shares in the company, valued at $8,798,106.90. This represents a 13.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 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.

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.